Property Q&A in Columbia>Question Details

Monica, Home Buyer in Columbia, SC

Is this price negotiable?

Asked by Monica, Columbia, SC Sat Mar 20, 2010

This question is about this property:…

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Hi Monica.

Everyone gave really good answers. There are more details regarding this property as well.....incentives. If you need a Realtor, please give me a call so that I can let you know about the incentives.

Best Regards,

Darlene Vause, ABR, CNAS,, CNRS, Realtor
ERA Wilder Realty
0 votes Thank Flag Link Sat Mar 20, 2010
Monica, Most properties are negotiable. I can show you this property and additional properties in this price range or better that you may be interested in looking at before you make your decision. Some are larger and in excellent locations. Even in the current buyers market, the best homes at the best prices are selling quickly. So once you find the home you want, don't delay in putting in your offer. To get the best homes at the best prices it is necessary that you are pre-approved and submit a copy of the preapproval letter with the offer. I know some excellent mortgage professionals that can preapprove you in a matter of minutes over the phone.

If you are interested in lists of the best deals out there, including forclosures, please e-mail me and I will be happy to e-mail lists to you at no charge. Some include payment of your closing costs, which will help you need less cash out of your pocket to buy your property. I do not charge you to work with you. My services are paid by the seller. Please call me if I can help.

Julie Smith
RE/MAX Real Estate Services
0 votes Thank Flag Link Sat Mar 20, 2010
Gray, Maureen and Roslyn all gave perfect answers. Look no further. Enlist the services of a real estate agent that you feel comfortable with and start negotiating!

Good Luck

Page Wade
Stan Smith Realty, LLC
0 votes Thank Flag Link Sat Mar 20, 2010

There are two basic kinds of markets. The first is a seller’s market where prices are constantly rising and in many cases multiple offers are in play. Fortunately for you that is not the case in today’s world. We are currently in a buyer’s market. That means that either prices are falling or there is an abundance of inventory to choose from. This is a great thing for you as a buyer. As a buyer you can expect to get low rates from the bank and most sellers are more than willing to negotiate. If the property is currently owned by Fannie Mae and it is what you are looking for in a home, you may have just hit the jackpot. However, don't get too greedy with your offer. If you think the property is good and they are selling for a great price, someone else might as well. The banks take a little more time to negotiate with and someone may sneak up behind you and make a better offer.

Once thing you will need to do before submitting an offer is speak with a lender that can quickly qualify you for the loan. Should you get into an multi-offer situation this could be extremely valuable to how the bank/Fannie Mae looks at your offer. If you are not already working with a lender try Todd Mitcham with BB&T. He has a great CHIP program that eliminates Private Mortgage Insurance (PMI) and can help lower your monthly cost. You can reach him at 803.251.1404 or by email at

Good luck and please let me know if you need any help.

Web Reference:
0 votes Thank Flag Link Sat Mar 20, 2010
Everything is negotiable! A lot depends on the sellers motivation. Ask a lot of questions.

Gray Farnsworth
Russell & Jeffcoat REALTORS
0 votes Thank Flag Link Sat Mar 20, 2010
Hi Monica,

As Roslyn pointed out - all sales are negotiable. The more equity the homeowner has in the home and the higher their motivation usually means you have greater negotiating power.

Contact a Realtor that works in your area to help you negotiate the best deal.

Best of luck!

Search the MLS:
0 votes Thank Flag Link Sat Mar 20, 2010

First, all prices are negotiable. The sales price has been reduced from (originally) 89,900 to 74,900. It is a Fannie Mae property and there are a few "deals" associated with this home. Call or email me and I can give you more info. I am currently working with a client in that area (NE) tomorrow.

Roslyn Ferrell
0 votes Thank Flag Link Sat Mar 20, 2010
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