In today's current - competitive market, I'd highly recommend finding a Realtor that has experience in that market. Realtor's with experience in specified markets are able to research the statistics to find what homes in that area go for, down to the average price per square foot. They can also provide you with that information to empower you to make a sound decision and a sound investment. Working with a professional you trust is key. Normally, what a home is listed for is based on recent comparables, including recent sales, pending sales, expired and active listings. Feel free to contact me with any questions you may have regarding Amherst, NY. I'd be happy to help.
Leah Krajewski w/Hunt Real Estate
I have negotiated with banks several times. Sometimes they will do some repairs sometimes not. I did buy a bank owned property myself a couple years ago. I negotiated with them and got hem to Install a new electrical service ($1,500) and some other minor repairs that the appaiser had flagged. I also used a FHA loan and they were willing to give me the full 6% "Seller's Contribution" which actually is "you" financing your closing costs since they will still look @ what they are going to Net. I did have to pay for the search and survey myself though, The search can be expensive due to the bank only offering a stub search or none at all for your lawyer to get started with. I hope you are using a buyer's agent if not get one that has delt with HUD and Bank Owned Property's before and they will be able to assist you.... more