“At Some Price, all the Math will Work”

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Mortgage and Lending with Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 NMLS # 6869

“At Some Price, all the Math will Work”

 

 

 

 

Hi Joe,

The seller’s Realtor told my agent that the sellers are old and are not willing to do much work, and looking at the inspection list that she voluntarily gave me (attached), it seems the sellers are not willing to consider much of a discount when faced with the list of fix-up projects either.  I think that the house came back on the market in June because of either the sellers unwillingness to make fixes or sellers very low offer to have buyers do the fixes.  I would guess that both Realtors are trying to tell me that the way around that problem is to discount the initial offer price and do this as an FHA 203K which we discussed previously.

Jamie

 

 

I have been in communication with both Realtors, it almost seems like therapy sessions. My client’s Realtor keeps recommending that I convince Jamie to make an offer, any offer. It looks like that is what she is going to do, so who knows where it goes from here.

 

 

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

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Topic:
Mortgage / Finance
Location:
Connecticut
Groups:
Mortgage Solutions
Connecticut Professionals
Tags:
fixer upper

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Rainmaker
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Peter Mohylsky
PrimeSouth Properties - Santa Rosa Beach, FL
Let me help you find your path to the beach.

Iam not sure how this will proceed but it is something we are faced with on a daily basis.  managing Sellers and buyers expectations.  

Nov 29, 2019 03:08 AM #1
Rainmaker
5,119,544
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Joe Petrowsky wouldn't life be easy if sellers priced properly and buyers stayed in their own lane and looked at what they can afford...

Nov 29, 2019 03:31 AM #2
Rainmaker
3,364,889
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Joe. If you can't dissect it and find a way, there is no way on this one! Next! Enjoy your day!

Nov 29, 2019 04:17 AM #3
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837,177
Mimi Foster
Falcon Property Solutions - Colorado Springs, CO
Voted Colorado Springs Best Realtor

I have said many times over the years, we should have a four year degree in psychology to please all of the parties to get to the closing table. Good luck on this one. 

Nov 29, 2019 07:47 AM #4
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