109 views
David McGhee
"Live Your Dreams"
- 2 Answers
- 1 Listing
Web sites:
Profile Link:
David McGhee answered:
Rick-
Regarding what to offer: always keep in mind that the market is determined by what a buyer is willing to pay, not what the seller is asking. To determine a whether your $300K offer is reasonable, study what similar homes have sold for in the last 90-days. Regarding foreclosures, REO's and short sales...they are not always the deals most people think they are. Particularly now, while foreclosures are up, banks are not yet overwhelmed by properties they have taken back. So, banks are still looking to recoup their losses and not just "move" the property.
If you'd like some more guidance on what to offer, feel free to contact me.
Regarding what to offer: always keep in mind that the market is determined by what a buyer is willing to pay, not what the seller is asking. To determine a whether your $300K offer is reasonable, study what similar homes have sold for in the last 90-days. Regarding foreclosures, REO's and short sales...they are not always the deals most people think they are. Particularly now, while foreclosures are up, banks are not yet overwhelmed by properties they have taken back. So, banks are still looking to recoup their losses and not just "move" the property.
If you'd like some more guidance on what to offer, feel free to contact me.
|
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.
|
|
|
Founding members are a small number of participants who submitted content at launch of Trulia Voices to kick off community discussions.
|
|
|
Your question:
Max. 200 characters
Name:
Email:
|
|
Share profile
Contact David McGhee
David McGhee is a member of Trulia Voices:
Get the inside scoop on your area and home buying and selling.
Ask and answer questions about real estate.
Build your profile and contact home buyers, sellers and agents.
Report this profile
|
|
|
|
|||||||||||
|
|
|
|
|
|
Copyright © 2009
Trulia, Inc. All rights reserved. |
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
Help us improve our service—send us feedback