Home Buying in 80234 : Advice

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Jorge Gonzal…, Real Estate Pro in 80211
Jorge Gonzalez Jr. answered:
What would a fair offer lower than asking price be on a property that has been reduced at least three times in the last year . If the buyer has cash.
Hello woots1,

Recently I've had some closings on properties where cash offers were involved and the price was negotiated down slightly. As has been mentioned below, it somewhat depe ... more
0 votes Share Flag Tue Aug 5, 2014 Home Buying in 80234
Shelly M, Other/Just Looking in San Diego, CA
Shelly M answered:
In a seller's market, what type of concessions can a buyer offer a seller?
I would've countered the FHA with the extra 500 instead of going with an offer contingent on selling their home-I've seen too many deals fall out because the buyers sale fell ... more
0 votes Share Flag Fri Aug 1, 2014 Home Buying in 80234
Ana Moun, Home Buyer in New York, NY
Ana Moun answered:
what are your views on seller concessions in this climate with multiple offers?
Want to remind everyone to factor in carrying costs for the seller --- every month that they have to make an additional mortgage payment, is $$$ off their bottom line net, so delayed cl ... more
0 votes Share Flag Wed Jul 30, 2014 Home Buying in 80234
TERRY MCCARL…, Real Estate Pro in Cape Coral, FL
TERRY MCCARLEY answered:
Hello, my name is Vivien Tchen in LA. . The buyer back out for no reason after my house in escrow for 45 days. They agreed to pay the difference on
The EMD should be addressed in your contract. Speak with your Realtor about this.
0 votes Share Flag Mon Jul 28, 2014 Home Buying in 80234
TERRY MCCARL…, Real Estate Pro in Cape Coral, FL
TERRY MCCARLEY answered:
If a deal falls through due to an appraisal not coming in high enough, when should the deposit be refunded?
If your contract releases you in the event the home doesn't appraise out, once both the buyer and seller have signed the cancellation the deposit should be refunded quickly - typically ... more
0 votes Share Flag Mon Jul 28, 2014 Home Buying in 80234
Larry Tollen, Real Estate Pro in Durham, NC
Larry Tollen answered:
The buyer canceled the escrow two days before the closing date without decline letter from the lender. They want the deposit back. Do we have the?
As there's a contract this becomes a legal question. Your listing agent should be the one you're speaking with, but obviously you're not satisfied with them and are moving on. You shoul ... more
0 votes Share Flag Mon Jul 28, 2014 Home Buying in 80234
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