trust him or not?

Lld
Home Buyer
Rego Park, Queens, NY

I now ready to buy but feel my broker didnt really do his job well. the property listed $400K since 2008 summer and we offer $330K IN CASH. the property been in the market for more than a year and half and seems like not many people move in. is this strange, nobody really move in? for owner, does it make any difference that you pay cash or do a loan? thank you for your help

Answers (2)
Anna Brocco
Broker
Williston Park, NY

What is your Realtor advising you to do anyway and I wonder why you feel he/she isn't doing a good job on your behalf; keep in mind some sellers are just like that and won't budge no matter what we Realtors say; also keep in mind oftentimes as long as the seller is getting paid it doesn't matter in what form.

Anna

Tue Jun 30 2009, 12:38
Terry Korahais
Broker
Bayside, Queens, NY
FIRST ANSWER

Hi Lid, For the owner it doesn't matter if you pay cash or get a mortgage- they end up with all cash anyway. However- the fact that the building does not have many sales may be a concern. How many units in the building? the building dept cannot issue a certificate of occupancy (C of O) until a certain percentage of the building has contracts. They will then issue a temporary Cof O. (maybe 10-20% not cerain exactly) Did they give you a counter offer to your $330K offer? Insist on a counter offer and go up to $350K. Terry K 718-614-3167 cell

Mon Jun 29 2009, 19:46

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