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How Much Can You Negotiate On A House All Locations : Nationwide Real Estate Advice

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Showing results for How Much Can You Negotiate On A House [Clear search]
Wed Mar 8, 2017
Scott Godzyk answered:
If you do not have the cash to pay off the balance after a sale, a short sale may be best. You should start by hiring a local and experienced listing agent who can help you obtain the value of your home to see what is owed after obtaining your payoff. They can assist whether a short sale is for you. ... more
0 votes 38 answers Share Flag
Sat Apr 20, 2013
Alison Rosenow answered:
You can offer anything you are comfortable with. Every buyer needs a start point, therefore, they can counter and work with you on negotiating a price or they may not counter at all. Every seller's motivation can be different. Find an active local agent who can provide you sold comparables and advise their opinion on price. ... more
0 votes 3 answers Share Flag
Thu Apr 4, 2013
Danielle Sharp answered:
Is there a certain benefit that you believe would be achieved by not using a REALTOR with an FHA loan? The type of financing you choose is completely separate from using a REALTOR to represent, negotiate and advise you. ... more
0 votes 14 answers Share Flag
Thu May 23, 2013
Robert Mitchell answered:
With a USDA loan there are some options for you. We would have to negotiate to have the seller pay for your closing costs. The area that is covered by a USDA loan are restricted so you would have to buy in those specific areas. ... more
0 votes 17 answers Share Flag
Mon Apr 29, 2013
Alan May answered:
Personally, Martha... I wouldn't hire anyone who "badmouthed" the competition. But that's just me.

Selling real estate is not rocket science... but it's also not something that's formulaic. Meaning there's just no tabulation, or logarithm that we can use to build a price. So it often comes down to the agent's familiarity with the area, their experience (how long have they been doing this, how many homes of your type in your area have they listed), etc...

So it's not uncommon for agents to come up with different valuations... and since commissions are negotiable, each agent/agency decides what they charge, to make sure that the fee covers the expenses for all of the services that they offer.

So you need to do your homework... find out the history, experience, of each of those agents... how many homes did they sell last year, last three years.... what was their list/sell ratio on those homes... what percentage of their business is listings vs. buyers... are they prominent in your area in the type of home you have to offer.... are they a full-time, or part-time agent.

Ask them to explain exactly what services they offer for their fee, and ask them to explain why they charge what they charge. If one agent is charging less, make sure that they're not just deducting that portion from the buyer's agency commission that they're offering on the MLS.

Good luck.
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0 votes 11 answers Share Flag
Tue Jan 13, 2015
Pacita Dimacali answered:
I'm sure you will hear from several folks on the whys.

You may find it interesting that the founder of ForSaleByOwner.com gave up on trying to sell his own place, and used a realtor to do it.

See http://agbeat.com/housing-news/forsalebyowner-com-founder-gives-up-on-own-listing-hires-real-estate-broker/

The articles states: AGBeat columnist Herman Chan said, “If people want to take a stab at For Sale By Owner (ie FSBO), go for it. But well over 80% of FSBO’s eventually have to list with an real estate agent to get their house sold. It’s harder than it looks!”

It goes beyond the hows...there are mandated disclosures that a seller should provide to the buyer. How much do you know is required, and are you insured against any errors/omissions?
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0 votes 17 answers Share Flag
Thu Apr 4, 2013
Anna M Brocco answered:
This question can best be answered by your agent, and or your attorney, consider a consultation. Keep in mind that without an executed contract, signed by all parties, and deposit money is exchanged, accepted offers don't really mean anything; the seller is still free to do as he/she wishes if other offers come into play.... ... more
0 votes 6 answers Share Flag
Tue Apr 9, 2013
James Bellile answered:
It depends on who you are, what you own, and, of course, the ever so important, where you own. Do you know the local laws? Do you know what an SRPD is? Did you know that having a real estate agent representative historically has averaged about an 18% greater return on the property sale than an FSBO? That's far less than they charge and avoids a lot of hassle.



Sincerely,



James R. Bellile BS, RRG, SRS, ABR
Broker/Salesperson
iProperties International
LasVegasRealEstateConnection.com
702-222-0815
... more
0 votes 14 answers Share Flag
Sun May 26, 2013
Ron Rovtar answered:
Hi BoulderSuZ:

I've been showing a lot of homes in Longmont this year. And, like the rest of Boulder County, the market in Longmont is tight and the best homes are going under contract very, very quickly. As a result buyers are a little less particular and are willing to accommodate some minor inconveniences. But they still want a very clean, very well maintained home so they can move in and get on with their lives. They are willing to pay a premium for this.

Best,
Ron Rovtar
Prudential Real Estate of the Rockies
... more
0 votes 6 answers Share Flag
Mon Apr 8, 2013
stephen webber answered:
Yes be there and have your agent there as well. Most importantly ask questions on all issues until you have absolute clarity. Some times inspectors are not as good at communicating as they should be and some are a bit dramatic so ask questions for clarity. Bottom line is how much will it cost to fix it. Is it something the lender will rquire fixed before closing.
Negotiate for the seller to repair the issue. If they refuse think about raising the price to include the cost of repairs. The borrowed money is much cheeper than credit cards or cash.
Best of Luck, Stephen
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0 votes 14 answers Share Flag
Tue Aug 20, 2013
eiman mansour answered:
I have a 1 bed room in a luxury building 2 blks from N,Q line..with a parking spot !
Call 917-406-3351
0 votes 4 answers Share Flag
Wed Apr 3, 2013
Bruce Ailion answered:
Thu Apr 2, 2015
stephen webber answered:
Depends on how well it has been maintained. Many many good solid houses over 50 years old. Just be sure to have your purchase inspected.
If you where to decide on and establish a geographical area you prefer to live in and establish a price range than see every property for sale in that area and price range you would become a very savvy home owner. Its not that difficlut of an undertaking. In my real estate years I walked hundreds and hundreds of people through the process and they were always happy with the results. There are a series for articles at Your-Road-Home.com that outline the process for you. You will also find articles on home inspection.
My advice has always been; gather information, gather information and...
Than after yu gather up all your information you will find loan officers and real estate agents on Trulia offering their services. Good source.
Best of Luck, Stephen
... more
0 votes 29 answers Share Flag
Tue Sep 2, 2014
Steven Ornellas answered:
Hi Emiley,

I would advise you meet with at least three Realtors®; however, you should keep interviewing until you are satisfied you have found the right Realtor®; there's no reason to rush your decision.

Access each Realtor's® Trulia profile for those that interest you [ i.e. http://www.trulia.com/profile/SteveO ] and read a few Client testimonials; and don't be shy about asking for contact info of prior Clients!

Aside from the above, here are my “Top 4” bits of advice for new home buyers looking to assure a successful outcome:

1) Find a professional Realtor® to work with to protect you interests.
Simply put, your Realtor® will be able to answer initial key questions and guide you through the process. One of the key advantages of involving your Realtor® is access to seasoned Mortgage Broker/Bankers with a track record of getting the job done. You can check to make sure an Agent is a Realtor® by going here: http://www.realtor.org/rofindrealtor.nsf/pages/FS_FREALTOR?O…

The primary distinction of any Realtor® is they have a real estate license by taking required classes and passing a written test - but most importantly - they must also subscribe to the Code of Ethics published by the National Association of Realtors® (NAR). Typically, Realtors® are also members of state and local association of Realtors® and further agree to abide by the bylaws, rules and regulations of those associations.
The full Code of Ethics can be found at http://www.Realtor.org/mempolweb.nsf/pages/code

2) Obtain a "True Pre-Approval" (your most important step in my opinion).
You MAY need to improve your credit score, increase cash reserves, etc. before buying; however, at least you will have a roadmap to eventually purchasing if this is the case. Furthermore, this step can save you from wasting money on a purchase that does not close escrow!
http://www.Steven-Anthony.com/GettingStarted
&
"Retail Banks vs. Mortgage Broker/Bankers"
http://tinyurl.com/6qln6nd

3) Make sure you obtain access to your local AND regional Realtor® MLS data via an automated search your Realtor® should most certainly create for you; here's why:
MLS Data Accuracy – Where to search if you’re “without Realtor®”
http://tinyurl.com/ctr4d44

4) Avoid Dual Agency!
There are specific duties an Agent must provide. When one individual represents both Buyer and Seller conflict between two of the most important duties occur.
“Dual Agency: Why should I NOT use the listing Agent to buy a house?”
http://tinyurl.com/ajkjpuo

-Steve
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0 votes 34 answers Share Flag
Fri Feb 13, 2015
Christine Shevock answered:
that seems unusual. I always provide a seller net out sheet during my presentation which details all the fees that are associated with selling your home.I would be happy to discuss this in person. Please give me a call. ... more
0 votes 19 answers Share Flag
Mon Apr 1, 2013
Danielle Sharp answered:
What are you trying to negotiate? Sales price? Repairs? Commission?
0 votes 11 answers Share Flag
Fri Apr 5, 2013
Josh Barnett answered:
This property is not being shown for sale.
0 votes 7 answers Share Flag
Tue Apr 16, 2013
Lydia Green answered:
The answer to your question would depend on many factors. Based on the description of the property, it has been recently updated. So, the market value of the house would be based on recent sales of similarly updated homes.

Are you working with a Realtor who has shown you this house? And, if so, is that person representing you or the homeowner? The listing agent cannot help you to determine fair market value because they have an obligation to the seller.

If you are not currently working with a Buyer's Broker, I would be happy to represent you on this or any other house you would like to see. I have been representing buyers since 2000 and have helped many families get happily moved into their new home. Please call me at 516-410-3000 if you are interested.
... more
0 votes 6 answers Share Flag
Mon Apr 22, 2013
Jackie Grove answered:
The pricing is set not only by the market but also by the investors who own the loan, the type of financing and balance owed by the owner on the note. There may be more then one loan also. The banks also use BPO's to determine value. All of this is taken into consideration when the bank considers a short sale and its price. ... more
0 votes 9 answers Share Flag
Mon Apr 1, 2013
Daniel answered:
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