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Home Selling in Bellflower : Real Estate Advice

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  • Home Buying5
  • Home Selling6
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Activity 7
Fri Jul 24, 2015
Gary C. answered:
The buyer neither has all the cards, nor am I paying ALL his closing costs indiscriminately. Let me clarify to some who may have misread my previous statements. Nothing changed. I offered to pay a very well defined set of closing costs based on hard numbers that included both the buyer's and seller's escrow, title insurance, transfer tax, appraisal, home and termite inspection. Not "normal?" Unorthodox? Also very cost effective. I also select the people for those jobs and that means I they are working for me, not the buyer. I gave up zero control of those items.

Second, I offered to pay a defined amount toward the buyer's loan origination, a set dollar figure, based on estimates obtained from FOUR mortgage lenders, using the information the buyer provided. If he didn't tell the whole truth on the information he provided, that is not my problem. The buyer is free to choose any loan product, just not at my expense. If he can work with what is written into the deal, great.

Based on the reaction here to the loan specifics, I offered to pay some but not nearly all of those fees. Again, it was a set dollar figure, not a blank check. And the BUYER is left to decide how much he wants that particular loan. The excess is out of his pocket, not the net.

Doing the math, I offered to pay a grand total 2.08% of the purchase price. That is the contract I offered. The deadline is the close of business today.
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0 votes 15 answers Share Flag
Sat Apr 12, 2014
Alex Montelongo Real Estate Group answered:
Do yourself a favor and hire someone local. There is no way that an agent from 40 miles away can know as much about the neighborhood, local market, amenities that the community offers, etc. You want the best service possible right?

Good Luck,


Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810-7387 Cell
BRE LIc #01456982
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0 votes 18 answers Share Flag
Wed Dec 29, 2010
George Gutierrez answered:
I would suggest that you work with someone who you feel comfortable with and someone who is familiar with the area.

Best Regards,

George Gutierrez
Realtor
C21team@ymail.com
0 votes 5 answers Share Flag
Sat Oct 3, 2009
John Accornero answered:
There is one other reason why your realtor wants to go less...REO's have arrived recently in your market area. You must compete with them. The beauty of this is that banks purposely low ball their own listings to get a frenzy of offers which come out in the end to 105-110% of list price and that is where you get your victory. Remeber it is just a figure subject to negotiation. ... more
0 votes 10 answers Share Flag
Wed Dec 31, 2008
Bob answered:
Thank you for all your answers. I sold my house and paid 1% for the sale but the same agent helped me buy a house and he got 3% from the seller.
0 votes 17 answers Share Flag
Tue Aug 12, 2008
Dot Chance answered:
Mot, it sounds like you have a great house. You may want to hold on for another couple of years then try again. You are fortunate that even in this market you have some equity.
0 votes 8 answers Share Flag
Mon Aug 11, 2008
David Krecker answered:
It is especially important in the current market to set the price correctly and to prepare your home for "show". There is a large inventory of homes available in every price range, the buyers are comparison shopping. The "best" homes at the right price are the ones that are attracting the qualified buyers.
Just to let you know I am also a State Licensed Real Estate Appraiser since 1988, I specialize in evaluating square footage or permitted areas which directly affect the value. In addition to my Real estate duties I provide these services also which you can check out on my website ( www.centuryside.com )


David Krecker, BSBA, SRA, MRA
Centuryside Real Estate Inc.
David Krecker
Broker/Owner/State License Appraiser
Office 562-690-6987
Fax: 562-690-7337
Serving the areas of Orange County, Los Angeles County, San Bernardino, and Riverside.

Email: dave@centuryside.com
Website: www.centuryside.com
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