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Griffith : Real Estate Advice

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  • Home Buying4
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Activity 6
Sun Jul 15, 2012
Ron Duvall answered:
Try the website: 55places.com and type in the location you are looking. This should give you a detailed listing of the various 55+ communities in your area....amenities, floor plans, community activities, etc. ... more
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Wed Sep 28, 2011
Anna M Brocco answered:
If you don't have an agent of your own, consider the idea; in order to determine a fair offer, regardless days on the market, comps need to be reviewed, recently sold similar properties in the immediate area, see what the data suggests and go from there.... ... more
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Sat Apr 26, 2014
PH answered:
You say it's not the first inspection but unless you paid to have it inspected before, do you really know what the results of the inspection were? After all, they apparently didn't buy it so perhaps the inspection didn't go so well. (By the way, given your question and location I think I might know which house it is. That would be mildly amusing to me) There are 10 days usually for an inspection to get completed, then 3 days to respond. Then if the response is that something needs to be fixed you've got another X number of days, and so on. So you see it's not just 10 days to inspect plus time for financing, there could be several times when days are added to the length of how longs it's SI (subject to inspection) Okay, but once the inspection phase is FINALLY over (and only the seller and intended buyer know for sure) you are looking at another 10-45 days to close. Why such a range? If it's a cash deal and simple title work it could be less then a week. If it's financed and the buyer hasn't gotten a pre-approval, and no one has even thought about ordering title work yet it could be much longer. Next question, please feel free to call me. Some of these questions can be hard to answer without being able to get more details about the circumstances.
Pamela Howell
REALTOR(R)
Technology Committee Chairperson
219-201-0500
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Sun Aug 9, 2009
Joseph Runfola answered:
No, you are not wrong. I agree with Scott, get a new realtor. It's your money, you bid the way you want to, your realtor should submit your offers, and be willing to negotiate.
0 votes 10 answers Share Flag
Mon Jul 28, 2014
Betty Byrnes answered:
I am not sure about your market but I do know in the Kokomo area the average sold price of a home is around 94% of asking price. Buyers are rarely succussful in finding a home that is "over-priced" enough that they get the house for 80% of asking price. In fact, I have had several buyers lose out on a house because they have offered too little for a house and a buyer who appreciated the value, swooped in and made an offer closer to market value.

If your agent hasn't already shown you the sold prices of comparable homes that have sold, ask for this information. Compare the price of the house you are interested in to the sold prices. Once you do that, then you will know whether an 80% offer is a realistic offer.

Ultimately, the only one who can decide whether the offer is fair and acceptable is the seller who can accept, reject or counter your offer.

You might want to check my series of blog postings about getting an offer accepted. Even though I refer to Kokomo and Howard County in these, the information applies to any property in any area in any state. (see the link below)

Oh, BTW - believe it or not, even in this market, some houses sell for over the asking price!
... more
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Fri Feb 1, 2013
Michael Smitley answered:
Helen -

I would be happy to help you with your search. As Chris Freeman mentioned, I can run a list of comparables in your area and pull up the taxes for each of the comparable properties. Please send me an e-mail (michael.smitley@cbexchange.com) and I'll let you know what information I will need from you.

Have a nice day!
... more
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