The contract specifically addresses this question. It states that three things can happen:
1. seller can come down (usually happens)
2. buyer can come up (or split difference, etc.) or
3. deal can be cancelled with buyer getting their earnest money back.
Let me know if I can be of further help.
Prudential Americana.... more
It varies depending on the type of sale it is (a short sale, equity sale, etc.) and the type of financing the buyer is receiving. FHA and VA have their specific guidelines, but with conventional financing the items for which the seller is responsible can sometimes be negotiable.
I have a list of the most common cost splits between the buyer and seller and would be happy to share that. Give a call or e-mail if you are interested.
Betty Gammon, GRI
Realty One Group
10750 W. Charleston Blvd. #180
Las Vegas, NV 89135
Depends on the quality of the property and where the property is located. As for selling part of your acre to the guy next door, even assuming that he wanted to buy it, you run into a zoning issue whereby the property cannot be subdivided unless you petition the county to get a zoning variance. Zoning changes are not easy to get in Clark County. You run into a second issue with your question in that you want to make sheds into guest houses. In order to do that you would have to apply for a building permit. If your use of these guest houses to potentially to rent them out, then your permit probably would be denied in a residential neighborhood.
Homes/property are not selling at any discount right now. You need to come in OVER the asking price - not under to get a home. Hire a realtor to help you with all your problems with this property that way you will know if it is fairly priced.... more