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Renee Porsia
"Your Trusted Consultant"
- 190 Helpful Answers
- 380 Answers
- 34 Blog posts
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Associate Broker for RE/MAX
December 2000—present
Providing exceptional service to consumers looking to buy or sell a property. Experience…
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Providing exceptional service to consumers looking to buy or sell a property. Experience…
Specialties:
I am most proud of all of the work I have done with the For Sale By Owner community. I have turned many For Sale By Owners into life long clients due
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Interests:
Hanging out with friends enjoying good food and plenty of laughs. Singing,
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About:
Hello. I want anyone who is looking to buy or sell a property to know that I give 1000% dedication and loyalty to each and every client of mine. I've
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Renee Porsia answered:
Homebuyer,
Question for you.. do you have a buyer agent? If so, your agent is being paid to work for you and to find similar homes that have sold within the past two to three months. Between the comps and what the home has in it such as any updates or not will determine what your offer should be.
What the seller paid for the home in 2008 really doesn't matter because it was a different market and that was their deal that they negotiated for themselves. It has nothing whatsoever do with you. Also, its really not fair for you to assume how much the seller may or may not have put into the home. My advice would be to ask the seller what they have done to the home and ask for receipts.
Yes, it is a buyer's market and it is your buyer agent's job to try and get you the home for the lowest possible price they can but what you want to offer is pretty low. How long has the home been up on the market? Is your Realtor a good negotiator? Are you in love with the home? All of these variables will come into play when you make your offer.
If you actually hired a buyer agent and by hired I mean that you signed a Buyer Broker Agreement, then you must have thought that the Realtor provided services that would benefit you and you now have to trust in them.
If there are not any comps that support the price of the home then the home won't appraise for what the seller wants but if there are comps that support what they are asking and you go in that low, the sellers will probably not accept your offer but I do not know the seller's circumstance.
You should be talking with your Realtor about all of this.
I hope this helps.
Renee Porsia
Associate Broker
RE/MAX ACTION
(215) 669-0589 Direct
(215) 358-1100 Office Ask for Renee
http://www.reneeporsia.com
Question for you.. do you have a buyer agent? If so, your agent is being paid to work for you and to find similar homes that have sold within the past two to three months. Between the comps and what the home has in it such as any updates or not will determine what your offer should be.
What the seller paid for the home in 2008 really doesn't matter because it was a different market and that was their deal that they negotiated for themselves. It has nothing whatsoever do with you. Also, its really not fair for you to assume how much the seller may or may not have put into the home. My advice would be to ask the seller what they have done to the home and ask for receipts.
Yes, it is a buyer's market and it is your buyer agent's job to try and get you the home for the lowest possible price they can but what you want to offer is pretty low. How long has the home been up on the market? Is your Realtor a good negotiator? Are you in love with the home? All of these variables will come into play when you make your offer.
If you actually hired a buyer agent and by hired I mean that you signed a Buyer Broker Agreement, then you must have thought that the Realtor provided services that would benefit you and you now have to trust in them.
If there are not any comps that support the price of the home then the home won't appraise for what the seller wants but if there are comps that support what they are asking and you go in that low, the sellers will probably not accept your offer but I do not know the seller's circumstance.
You should be talking with your Realtor about all of this.
I hope this helps.
Renee Porsia
Associate Broker
RE/MAX ACTION
(215) 669-0589 Direct
(215) 358-1100 Office Ask for Renee
http://www.reneeporsia.com
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