This is in response to Sylvie - bank foreclosures are not your best deals. They can be a risky adventure plus a lot of times they are not well kept homes either. If you are a realtor how could you even say something like that. That is a slap in the face to the home sellers out there - especially if you have any listings yourself - how do you think your home sellers feel?.
The market is no longer declining - things are starting to pick up a little but when people listen to the media or agents like you who promote buying foreclosures - you may be just creating more of them. - Sun Nov 16 2008, 17:35
I believe the media has scared them too much. Although it is a good time to buy from all they see and hear in the news they are too scared. - Sun Nov 16 2008, 13:49
I agree with Elm - the offer you make has to be an offer you are comfortable no matter what anyone tells you. I have seen where sometimes agents will say there are already offers so give your highest offer just to up the offers but not all of them are like that. I was an agent and saw the good and bad ones. Some are professional and caring while others are greedy. Go with your gut feelings and do not offer more than you are comfortable with since you will be the one paying the monthly payment and not the agent..
Good Luck!! - Fri Nov 14 2008, 13:47
Maria
Give what you feel is your best offer. If you had bid 215K you must have felt it was worth that to you, right? Don't try to go too low and lose out.
As far as closing cost - a good estimate would be 5% of the sale price (example - if you bid 215K and they accept then figure %5 of that amount will cover your closing) - Fri Nov 14 2008, 06:56
Where are you looking to purchase a home? Would Enfield be an option? If so email me and we can talk regarding the financing budrusty@aol.com - Thu Nov 13 2008, 15:49
What part of CT are you interested in? I am in Enfield and the school system here is great. I know that they do work with special needs children. You can contact me if you need more info at budrusty@aol.com - Thu Nov 13 2008, 15:25
MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.