I say yes and no. On a home the "Builder" has to still build the changes of negotiating a price reduction are slim but getting additional upgrades is more likely. If however your looking at a SPEC home, one that has already been build then there might be some wiggle room in the price. As others have stated, the answer is always no unless you ask.
I would love to help you out in the North Valley.... more
Any property is only worth what someone will pay for it. If you are someone that must sell because of financial hardship or relocation, you take what you can get. There is not a lot of choice here. Of cousre as the party that wants to stay you would prefer that they ask more, but again asking and selling are two different things. They could always keep the property and rent it, but then your community would become one with an excess of renters which will also hurt the value.
Rent-to-own is a horrible, horrible idea for the buyer. The homes are usually in horrible condition because the seller can't sell any other way. Renters pay a surcharge (above market rent) and you lose your money and deposit if you decide not to buy the house, or if you can't qualify for a loan. Seller hope that you will violate the terms of the agreement so that they can resell the house to the next sucker.
I strongly suggest that you continue to rent until you can qualify for a traditional mortgage; then go shopping for a home. Put the money that you would have spent on the surcharge into a savings account. Fix your credit. And before long you'll have a home of your own.
I've written a best selling book called Buying a Home: Don't Let Them Make a Monkey Out of You. It'll teach you how to buy a home and get a mortgage without getting ripped off. Follow the link below.
Best of luck!
Legitimate cash offers will provide the second most important element of a purchase offer.
Besides price, the assurance of closing is valued greatly by the seller and the buyer.
Unfortunately, there are many, many buyers touting 'cash is king' who are in reality..BROKE!
These cash buyers are a trap waiting to spring on the unsuspecting home seller. These cons will tie up the property for months before revealing they can not buy.
Many cash buyers have drank the 'Cash is King" Kool-Aid and believe they can discount their offer by 20%. That is not going to work. In many Florida markets, (I know you are in Texas) over 50% of homes are sold for cash and that deep discount simply will not fly. Discount should not be a part of your thinking.
As a cash buyer, make sure your credentials are well vetted to assuage the seller you are not a con.
Assurance of closing should be the currency you are offering to a seller..
That is what a real cash buyer brings to the table.
Please be aware, response notification on Trulia is disabled. I will not be aware of any follow-up questions and may not receive an inquiry if you use that 'contact' link. If your need is urgent for a response from me, you will need to CALL.
Best of success,
Annette Lawrence, Broker/Associate
Palm Harbor, FL
I have worked with this loan officer for almost 8 years she is extremely honest and will not give up on you! I have sold over 600 homes, and there are only a handful of Loan officers I would recommend and she is one of the top two! Best of all she is one of the few offering "Homes for Heroes"--Non-profit down payment assistance program & VA and is a specialist in credit scores. check out our blog on my website... http://blog.jennifersanchezteam.com/blog/5-ways-improve-credit-score-get-best-home-loan/
Castle & Cooke Mortgage
if you need help in Phoenix area finding a home or rental let me know!
Jennifer Sanchez, GRI
Jennifer Sanchez Team
Keller Williams Professional Partners
Mobile (623) 910-4212
7025 W Bell Rd Ste 10
Glendale AZ 85308
email email@example.com... more