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#3152997 - 02/05/13 04:06 PM Re: Make an offer [Re: AlabamaSwamper]
muddyboots
12 Point


Registered: 11/06/02
Posts: 7406
Loc: savannah, tn., usa

Offline
Go get pre approved for the money and have 20 per cent to pay down and offer whatever u want. That shows ur serious. Me personally i would offer about 85000 to start.
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Let em go and let em grow!
There is a difference in a turkey killer and a turkey hunter!

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#3155445 - 02/07/13 07:20 PM Re: Make an offer [Re: muddyboots]
Carlos Viagra
16 Point


Registered: 11/20/04
Posts: 14240
Loc: Cumberland Plateau

Offline
Yes, ditto the 85K offer...
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In any moment of decision, the best thing you can do is the right thing. The worst thing you can do is nothing.

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#3155756 - 02/08/13 02:22 AM Re: Make an offer [Re: leader]
BigBuck
4 Point


Registered: 12/25/00
Posts: 306
Loc: Woodville Tn.

Offline
You can always raise the offer, you can't lower it tho'
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#3155813 - 02/08/13 06:31 AM Re: Make an offer [Re: BigBuck]
waynesworld
8 Point


Registered: 05/13/12
Posts: 1489
Loc: Mboro, Tennessee

Offline
If you already looked at it then you can use the agent having a different one then the one that is showing it is not needed exp in the case of foreclosure. I know some real estate agents will differ on that as it is not a rule that is 100% there are some agents that will work for the buyer. But look at the facts the agent gets paid commission on the house selling. And it is commission on total price. Now having one agent doing both sides can save you money some times. But most of the time it doesn't as there is a contract price that the seller will pay commission. When the house is listed it is set up who gets what. Like in the old days it was 6% and 3 went to buying agent and 3 to the listing agent. Then the 3 was split in the agent and the company they work for. If it was tight negotiations an agent/company can reduce the commission to make it work. That is rare.

All this info aside what you offer depends on your wife. If your wife is in love with the house and is in a hurry to buy it. You need to not play around. If your wife is neutral low ball and wait, one thing for certain there will be another foreclosure around the corner soon. We still have 4 years of o then we will have the pain of fixing the problems. The only hurry is the loans will go up.

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#3155898 - 02/08/13 08:25 AM Re: Make an offer [Re: waynesworld]
348Winchester
6 Point


Registered: 08/13/12
Posts: 959
Loc: Coon Creek

Offline
Most agents are crooks Cec. Offer 90K, but I would not pay more than I felt comfortable with.
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#3156072 - 02/08/13 10:33 AM Re: Make an offer [Re: 348Winchester]
TAFKAP
14 Point


Registered: 11/06/09
Posts: 9856
Loc: Memphis

Offline
Agents are not crooks....especially a buyers agent working on your behalf. Their job is to represent you and your best interests, and in the case of foreclosures like this, will likely steer you clear of some bad mistakes.
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Everything important in life was learned from Mary Jo Kopechne.

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#3156157 - 02/08/13 11:53 AM Re: Make an offer [Re: leader]
brmaster
6 Point


Registered: 06/27/10
Posts: 849
Loc: TN, Shelbyville

Offline
if you make an offer, make it contingent on getting a qualifed inspector to look over the property, thus giving you idea of what is wrong, then you can figure a price on the repairs and use that as part of the offer.
I recently purchased house back in June, 1400 sqft 7 ac in the country outside Shelbyville, asking was 130K, ended up getting it for 125K and 4K to closing as well along with all appliances and a 1 year home owner warranty
But see if you can as well get closing and a 1 year home owners warranty, this way if any of the appliances or the AC go out you wont be out a tremendous amount of money, even if they wont go with buying a HOW, then you should check into getting one just to save you the worry,,,,,,they arent that expensive and sometimes are well worth the money in the long run
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Guns dont kill people, they only provide a path
Legal gun owners will be punished because the government doesnt know how to keep the criminals from buying them.

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#3156211 - 02/08/13 12:33 PM Re: Make an offer [Re: brmaster]
348Winchester
6 Point


Registered: 08/13/12
Posts: 959
Loc: Coon Creek

Offline
"Agents are not crooks." Okay, believe what you wish. A real estate agent is simply a salesman. The more the house sells for the more they make in commission. There are about as many honest agents as there are honest lawyers and politicians.
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#3156220 - 02/08/13 12:42 PM Re: Make an offer [Re: 348Winchester]
BamaProud
12 Point


Registered: 04/03/11
Posts: 7326
Loc: Shelby County, TN

Offline
Offer them an AR-15 and 2 bricks of .22lr
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#3156221 - 02/08/13 12:42 PM Re: Make an offer [Re: 348Winchester]
leader
16 Point


Registered: 08/10/06
Posts: 11641
Loc: Knox

Offline
 Originally Posted By: 348Winchester
"Agents are not crooks." Okay, believe what you wish. A real estate agent is simply a salesman. The more the house sells for the more they make in commission. There are about as many honest agents as there are honest lawyers and politicians.


I believe differently. But it is the buyer/ sellers job to find a reputable/ honest agent.
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THE ONLY DUMB QUESTIONS ARE THOSE NEVER ASKED!

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