I am prepared to make a cash offer on a home in Green Mountain. How can I get the best deal possible?

Asked by Penny Montgomery, 98008 Sun Jan 23, 2011

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10
The Dixon Gr…, Agent, Denver, CO
Fri Jul 12, 2013
Hi Penny,

I would recommend contacting the listing agent directly and if you are comfortable negotiating with them directly. The listing agent has the most insight and the best relationship with the seller, so because the seller will not be paying a commission fee to a buyers agent, that could potentially save you a few thousand dollars. Good luck with your purchase, if you need anything or have more questions just reach out.

Take Care...
0 votes
Robert McGui…, Agent, Denver, CO
Sat Jun 29, 2013
The best way to approach a cash offer is to determine how much you think the home is worth in the current market. Then through through research learn how fast the homes are selling in the neighborhood and for what percentage of the asking price. You will have some leverage in a cash offer in that you can close quicker and there will be now loan contingencies. You can eliminate a lot of the other contingencies and get a preliminary inspection to make the offer as clean as possible. In this market you still can't afford to 'lowball' a seller. Find out what closing time frame works best for the seller and be as cooperative as possible.

Robert McGuire
Broker/Consultant
Your Castle Real Estate
http://about.me/robertmcguire33
0 votes
Jim R Urban, Agent, Lakewood, CO
Wed Feb 9, 2011
Penny:

I am very familiar with the Green Mountain area! If you are still looking to buy, please contact me at 303-989-7000. Looking forward to talking to you.

Jim R Urban
Urban Companies
0 votes
Daniel Herron, Agent, Lakewood, CO
Mon Jan 24, 2011
Penny

The way to get the best deal with a cash offer is this.

1. Offer the seller a very quick close because only someone with cash can close in just a couple week. (You can use this in negotiation later if the seller says they don't want to close quickly)

2. Give a large earnest money deposit to show seller you are serious and do have the cash available quickly.

3. Don't put a lot of deadlines in the contract. This makes it cleaner and a sure close to the seller. Don't put in dates like appraisal deadline, and any of the other loan type deadlines. Use the Inspection deadline to do whatever you need to do and make the inspection deadline with in about 10 days. The sooner the better. If you have a good agent you already know what the value of the property is so you don't need an appraisal.

4. Be willing to make a low offer and have an agent who knows how to negotiate.

5. If possible you should be willing to walk away from the home and go after another one if its not a good enough deal.

Good luck,

Daniel Herron
720-323-9178
danielherron@kw.com
Web Reference:  http://www.herronshomes.com
0 votes
Joyce Sedam, Agent, Centennial, CO
Mon Jan 24, 2011
CASH in this market! Know the area, know the home, know what is owed on the property and who holds the mortgage. How do you get this information? CALL ME! I can provide you with the knowledge you need and as we all know...Knowledge is POWER and power gets deals CLOSED!

Joyce Sedam
CHERRY CREEK PROPERTIES LLC
720-934-7085
http://www.JoyceSedam.com
jsedam@gmail.com
RESIDENTIAL - RELOCATION - LIFE TRANSITIONS
Web Reference:  http://www.JoyceSedam.com
0 votes
Leslie Monaco, Agent, Greenwood Village, CO
Sun Jan 23, 2011
Penny,

First I would suggest you work with a REALTOR as they can help you negotiate your offer on the property you are interested in. If you are working with a REALTOR they should provide you a CMA (comprehensive Market Analysis) of the home to identify recent sales, current listing and pending sales in the neighborhood. Their CMA should also tell you other market trends in the neighborhood and in metro Denver. Since you are making a cash offer it will put you in a very strong negotiating position.

Good Luck!

Leslie Heldenbrand-Monaco
The Kentwood Company
Web Reference:  http://www.LeslieMonaco.com
0 votes
Trish Kelly, Agent, Denver, CO
Sun Jan 23, 2011
Hello,

I can do a free CMA for you, which is a comparative market analysis. It would tell you what other homes have sold for recently that are comparable to the one you're thinking of purchasing. If you send me the address, I can get it for you tonight. My number is 720-331-6377 and my e-mail address is trishkelly@kw.com. Thanks and good luck!

Trish Kelly
Keller Williams Denver Central
http://www.trishkelly.com
0 votes
Mike Papanto…, Agent, Arvada, CO
Sun Jan 23, 2011
If you have a buyer's agent, they will determine the market value of the home and do the research necessary to help justify your offer. Much of this depends on the seller's motivation as well which the agent may be able to acertain through conversation with the listing agent. I think that would be your best strategy. Let me know if I can help.
0 votes
Lillian Live…, Agent, Lakewood, CO
Sun Jan 23, 2011
My recommendation is to be working with a Buyer's Agent who will research & prepare market data on the neighborhood and the house, justifying to the Seller the best price for you. Then, come in just a little low on that and see if the Seller will accept it . They just might....
0 votes
April Berg, Agent, Denver, CO
Sun Jan 23, 2011
Do you have a property identified?
0 votes
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