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Mount Penn : Real Estate Advice

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Activity 8
Tue Jan 20, 2015
Kevin Richey answered:
In our market we are selling homes for about 97% of list price. So a 3% reduction is usually an Ok offer to make on a house. If I have a client that wants to make a "low ball" offer I will sometimes call the agent and see if the offer is close enough to be considered by the seller. A couple of huge factors in the negotiation are how much interest the house is receiving and how bad the buyers really want it. If buyers really want a house, and don't want to lose out on it, we will figure what homes in the area are going for and make a strong offer accordingly. ... more
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Mon Dec 22, 2014
Chris R Martin answered:
Wed Dec 10, 2014
Dan Tabit answered:
HUD wants licensed agents involved for the buyer and themselves. Representation gets difficult if you use the listing agent and knowing the process and procedures is something licensed agents are prepared for. Any commissions would not be available to a private party, so there is no benefit to you to avoid using one. A good agent will put your interests firsts, provide more detailed research and market information that you can obtain on your own and show you other properties that may be comparable or better deals. ... more
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Tue Jun 25, 2013
Ron Thomas answered:
Mon Feb 18, 2013
Annette Lawrence answered:
A Jellybean,
-A sugary product that offers nothing of nutritional value.
-A summertime surprise lurking in the crevice of the car seat.
-A bean that, without persistent unrelenting supervision is destined to 'gunk-up' the works.

Jellybean, what is keeping you from using a real lender who does provide approval letters?
... more
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Wed Sep 26, 2012
Eddie Colley answered:
Appraisers take a close look at the house, size, features then will compare the subject property to similar homes in a close proximity and recent sale (if possible). They will add to or subtract from the subject property the values of what the subject property has or doesn't have compared to the Comps. Appraisers will likely give less value to a fully finished basement even if it is a daylight basement they you might think. ... more
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Thu Sep 6, 2012
Loretta Leibert answered:
I see another agent had this advice, and I agree, you should start with your Title company because these things are typically covered if you purchased the Enhanced Title Policy.
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