Many people don't realize that but it is a prorated amount so, it will cost them a little more money, big deal. You really have to have your attorneys work this out. You're in the deal now and 3/4'
s of the way there. Let them work it out. If you have not gone past the date in the contract you can't do anything. The biggest thing is to check with your lender to make sure your mortgage commitment and rate lock doesn't expire before you will actually close.... more
The agent's commission will depend on the actual agreed monthly rent payment that will appear in your lease--and commissions do vary, there are no set standars--ask your agent the question, he/she can answer accurately.... more
If you are talking about offering 15-20% below the current asking price we would offer that taking a generalized approach such as this may not create the best approach for an accepted offer.
It is our recommendation to base your offer on the most recent sales information for "sold" property from this target area.
If the property is priced right, presenting an offer that is 15-20% below the asking price may not generate the response you are hoping for.
Good luck... more
Hey there Stury.....
Alex Trebek would probably accept your question on Jeopardy! because it technically IS in the form of a question, but we need you to give us a little more information as to what you are referring to.
Are you asking if 20% below the listing price is a good offer?
Are you asking if 20% is too low of a downpayment?
or...Are you asking if 20% Return on your Investment is too low for this market?
If you can provide us with some more details, we'd be happy to offer you our opinions, knowledge, and direction.