Home Buying in Frankford>Question Details

Heart4730@ao…, Home Buyer in

if a house has a selling price of 70,000 and i only have 50,000 / 54,000 cash would most sellers except what i have because its cash or its not worth

Asked by Heart4730@aol.com, Sat Jun 1, 2013

trying to make a offer, i was left a small insurance policy and i will receive my check and i need to buy a nice livable home that don't need much work if i use allof my money to buy a house.

This question was asked from this property: http://www.trulia.com/property/3101227931-1416-Church-St-Phi…

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Like Keith said, in the world of Real Estate, everything is open to negotiation. You never know how motivated a Seller is until you try to start negotiating upon making an initial offer. Sometimes you may get lucky and your 1st offer is accepted immediately. Other times it can be a vigorous negotiation back and forth.

I would never suggest you spend all your money on a house. That would leave you with no emergency reserves. Even though a house may be in good condition now, in time all homes need maintenance. Some things may break, plumbing or roof may sprout a leak, etc..

You may want to consider a less expensive home to start. There are some houses throughout the City that you may be able to purchase for less and only spend a few thousand in repairs.

Please feel free to call me to discuss your goal and how I can help you achieve it. I'd be happy to negotiate a good deal for you.

Hi Johanna,

That house went on the market on August 1st, at an asking price of only $59,900. It is a 4 Bedroom home with 1 Full Bathroom and 2 Half Bathrooms (toilet and sink). It is a pretty big home at almost 2,100 square feet. It went under contract yesterday, August 7th. Definitely priced to sell quickly and it did. Buyer plans to make settlement on August 23rd, which is really fast, only 15 days from contract to closing.

Hope that answers your questions. If you would like to look at some other homes currently available in Northwood or other neighborhoods in the City, please feel free to call me. I'd be happy to help you find a great house and negotiate a good deal for you.

Have a great night. Looking forward to speaking with you soon.

All the best,
Larry Lichtman
Realtor, Property Manager
Your Real Estate Resource For Life
CELL/Text: (267) 254-7994

Liberty Real Estate Associates
924 Arch Street
Philadelphia, PA 19107
Office: (215) 625-4725
0 votes Thank Flag Link Thu Aug 8, 2013

All things in Real Estate are negotiable. So you can always present your offer and see what the seller says. Iw ould be happy to assist you. Give me a call at 267-688-1110.

Warm Regards,

Keith J. Lawson
RE/MAX Affiliates N.E.
9237 Frankford Ave.
Phila, PA 19114
267-688-1110 (cell)
215-992-5534 (office)
http://www.keithlawsonhomes.com (web)
LawsonRE@gmail.com (email)
Member- N.A.R.,P.A.R.,G.P.A.R
Member - AREAA Philadelphia Metro
Follow me on Facebook at http://facebook.com/keith.j.lawson
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"RE/MAX Executive Club Award Winner"
0 votes Thank Flag Link Mon Jun 3, 2013
I can understand your frustration.... Can you call me or Sheri Curci for a confidential conversation?

I love a challenge for helping people in this rough banking conditions.

Thanks John Curci EXPO 215-741-6887
0 votes Thank Flag Link Sun Jun 2, 2013
Worst thing that can happen from presenting an offer is the seller saying no. You should consider finding a small amount of financing as a back up. You will need proof if funds when submitting the offer. Funds will have to be in your bank account.
0 votes Thank Flag Link Sat Jun 1, 2013
You would be asking the Seller to accept a 31% decrease!
Nothing stopping you from trying.

From the Comp's, it looks like its worth about $71,900, but you don't know that to be true.
You should first have a Realtor do a CMA so that you know where you stand.
0 votes Thank Flag Link Sat Jun 1, 2013
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