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Parsons : Real Estate Advice

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  • Home Buying5
  • Home Selling0
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Activity 9
Sun Jan 31, 2016
Tierney asked:
We have a contract on a home that we love. It is a foreclosure owned by Chase bank. It is a rural home that sat vacant for well over a year after attempts to sell it at auction fell through.…
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Sat Feb 28, 2015
rs6can35 asked:
looking for a rent to own with 4 to 5 acres in the around the Parsons, Kansas area. Email- Thank you Richard McBeth
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Sat Nov 30, 2013
Robert Baker answered:
Go over this with your Lender, best to get the info straight from the source.
0 votes 1 answer Share Flag
Sun Dec 23, 2012
morgan_e89 asked:
Fri Apr 20, 2012
Ron Thomas answered:
The CASH price for that is mostly up to you:
You make an offer, and it may get accepted.
No one here can tell you what that might be;
You should contact a Realtor for guidance and making the offer.
The Reator will do a CMA (comparative market analysis) to determine the Market Value to guide you.
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Thu Apr 5, 2012
Mx6flames asked:
Need like 3 Br. and 2 bath on 5 to 10 acres please, A Rent to Own Opption.
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Wed Jan 25, 2012
Blaise Timco answered:

The currently asking price for a home is completely superflous to what you should offer and to what the home is actually worth. The asking price in many cases is just a net amount that the seller feels they want based upon what they have invested in the home, how much they owe or a net number they want after paying the agents commission. Completely ignore the asking price as it literally has nothing to do with your offer. You should always offer what you think the home is worth. Of course, there are many strategies in making an offer but putting all of the strategies behind simply pay what you feel it is worth. It could be more than asking price or it could be much less.

We sell homes using a designation called the "5 Day Method". This selling process always brings "market value" for the home. In turn, the sellers knows they are getting market value and the buyer knows they are not paying a fictitious number derived from some formula or a number that was given to them by the agent just to get the listing.

Food for thought: If I buy a Chevy truck and the sticker price was $40,000 and I got it for $30,000 then I got a great price right? Wrong. The asking price of the truck was irrelevant as the real value was only $30K. In turn, I did not get a great deal as I simply paid market value.

In any case, ignore the asking price as it is not relevant. Pay what the home is worth to you.
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1 vote 21 answers Share Flag
Sat Jan 21, 2012
Ruth and Perry Mistry answered:
Hello Humphries

If the property is eligible for a USDA or FHA loan you can easily do,
Zero down or with 3.5 percent down.

If you are eligible for a VA loan then you can also do so.

Good luck.


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