buyers: Do You Haggle?
- 10/23/16 02:14 AM
Buyer's always want to know how low can they offer? My response is let me pull the comps and check out sales and listing history. I try to pin a number that an appraiser will use. In running a CMA it is so important to note that unique properties are a challenge, to compare apples to apples. Horse ranches, citrus, groves, vineyards with land wells and septics, will rarely comply to square foot analysis, like it does for housing tracts. Listing history and past sales tell me alot about the seller. If Mr. Seller bought at the height of the RE Bubble and … (4 comments)
buyers: Dreamhome Now, Used To Be A Toxic Asset! Buying A REO?
- 01/27/12 05:32 AM
Ah, the new wave of how to buy a house in the sea of toxic assets. Also known as someones gonna be Dreamhome. If you have yet to venture into purchasing an REO aka Bank Owned, this is what "as is" IS! You make the offer it gets accepted by the Bank aka toxic asset servicer.
But before you get a fully executed contract in hand the buyer will have to sign 30 pages written by a lawyer (to cover the banks a$$) and this document will basically tell you they are selling "as is" with no repairs! OK the … (0 comments)
buyers: Buyers Going Direct To List Agent
- 01/22/12 06:00 AM
All buyers deserve to have proper representation and it’s impossible if the listing agent is doing his job properly. My team and I are listing agents, and we ONLY represent the seller.There are always bumps in the road to the closing table, and buyers without representation are at a great disadvantage.Our seller will always win if the buyer is without representation. We make it clear that the seller is represented by us.We make it clear in writing and verbally.We tell the buyer he can have representation and if he decides against it, we will continue to represent the seller.Most have buyer … (1 comments)
buyers: Taxes are 1.02% Plus the Special Assessments $3000 Really?
- 10/25/11 08:12 AM
On a $300000 purchase that's $6000 per year or $500 per month plus HOA $100.00 per month. That is why all borrowers need to check the GFE form their lenders! AKA Good Faith Estimate don't have one ask! … (0 comments)
buyers: 2013 sales tax on Home Purchase RED FLAG ALERT
- 06/19/10 06:00 AM
WHO VOTED FOR THIS INSANITY????? Real Estate sales tax:Under the new health care bill - did you know that all real estate transactions are now subject to a 3.8% Sales Tax? The bulk of these new taxes don't kick in until 2013 (presumably after Obama's re-election). You can thank Nancy, Harry and Barack and your local Democrat Congressman for this one. If you sell your $400,000 home, there will be a $15,200 tax. This bill is set to screw the retiring generation who often downsize their homes. Is this "Hope & Change" great or what. Just about the time we could see … (0 comments)
buyers: Buyers Market!! I Don't Think So! Buyer Beware Market!
- 05/04/10 09:47 AM
DRIVE BY ONLY. SHORT SALE APPROVED AT 175k. No seller paid termite, no seller paid home warranty, sold in as-is condition. Buyer to pay $175k+ plus $3k as a 'seller contribution' to the lender. Property has tenant inside who has not paid rent in 9 mos. New buyer to evict tenant or re-lease to them.
After the lastest seige of buyer frenzy. I thought I had seen it all but something new always manages to amaze even me! Sellers are taking full advatage of todays buyers who must really qualify for a loan and have proof of funds just … (0 comments)
I deal with 5-8 e-mails per day requesting information on homes for sale. As a BUYER before we go looking for your new DREAM HOME you will need to have in hand a Loan Approval Letter and Proof Of Funds to close the transaction.
This was not the case 3 plus years ago. You just had to have pulse!! Before I will set up appointments to view available homes I will need to have these in my hand. It is the state of the market place today. Yes I remember when you could go look at homes … (0 comments)
buyers: FHA Buyer No Longer Limited By The 90 Day Antiflip Rule Yeahhh!!
- 01/21/10 02:47 AM
HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERSMeasure to help bring stability to home values and accelerate sale of vacant properties WASHINGTON - In an effort to stabilize home values and improve conditions in communities where foreclosure activity is high, HUD Secretary Shaun Donovan today announced a temporary policy that will expand access to FHA mortgage insurance and allow for the quick resale of foreclosed properties. The announcement is part of the Obama administration commitment to addressing foreclosure. Just yesterday, Secretary Donovan announced $2 billion in Neighborhood Stabilization Program grants to local communities and nonprofit housing … (0 comments)
buyers: $64 Trillion Dollar Question is?
- 04/22/09 02:56 AM
Interest rates are at an all time low, buyers are coming out in droves and the REO's are at a all time 3 month low. First the Banks flood the market, drive the prices down and now there is a slow trickle of available homes here in Riverside County, Ca. The few that are coming out have multiple offers over and above list price some as much as $30-40,000, cash buyers are at the head of the line. Banks are accepting the Highest and Best then have to renegotiate because the appraisal numbers are still low. Then buyers are having a … (2 comments)
Buyer's always want to know how low can they offer? My response is let me pull the comps and check out sales and listing history. I try to pin a number that an appraiser will use. In running a CMA it is so important to note that unique properties are a challenge, to compare apples to apples. Horse ranches, citrus, groves, vineyards with land wells and septics, will rarely comply to square foot analysis, like it does for housing tracts.
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