I knew that, I was answering to Dorene which mention the 15K and then 3%.
The last time my house was listed I actually had a person who asked for 15K even though my house was listed for less than 500K, he also gave me a low ball offer and that's why I didn't take it.
Of course now I fell sorry I didn't take it because it was alot more than 315K.
I am thinking on selling my house so I can move up. But since part of my equity will be used for down payment (100K) and another to pay some debt (60K), I think that I won't be able to do that if I have to give $15K to the buyers for their closing cost.
I am thinking now that maybe it will be better to re-finance and rent the house. Any comments? please.
There are pictures of my house on zillow.com
Thank you again,
It's not uncommon for buyers to ask for 3% of closing costs to be covered. The buyers I have worked with recently do not want to be burdened with many repairs or cosmetic work. If you can paint, clean carpets, spruce up the landscaping &replace appliances,that will go a long way is making a sale happen.
I have this question a lot and would like to offer you some advice:
1. The market is shifting and most sellers, buyers, and Realtors are having a tough time figuring out exactly what you just asked. How much is a home worth? What will it take for me to buy/sell my home?
2. I do not interfere with agency relationships (meaning if you have a signed listing agreement, then disregard this part of the post). You should interview three Realtors and ask them all the same questions, then you evaluate the best Realtor for your situation. I would be happy to refer you to one of the top agents in Bellflower if you need help finding a great Realtor. You can contact me via my Trulia profile, or you can call me at 1-888-284-2056.
3. Strategy - your profile says that you need help buying and selling. I strongly urge you to discuss your plans, both the sale and purchase, with the Realtors and get their opinion of the potential issues in your move. A good Realtor analyzes the entire situation and proposes a plan to help you not only minimize your costs in the move, but also the stress and legal entanglements.
For example, if you are moving out of area, and the prices where you are moving are going UP, then what would it cost you if it took you longer to sell (trying to get a higher price when you sell)?
OTOH, if you are staying in the area, and are trading up, what does the market for more expensive homes look like? What if you are downsizing? Again, you need a Realtor that will look at the big picture, and then provide you with options that meet your needs.
Good luck. I'd be happy to help.
I am the broker/owner and a state licensed appraiser and can assist you properly in marketing and assessing what your homne is really worth. I checked the value and the number I see is much lower than it should be. Call me or email me and I can provide the data to show you. Include your email also.....
David Krecker, BSBA, SRA, MRA
Centuryside Real Estate Inc.
Broker/Owner/State License Appraiser