Hello Lidia, yes lenders are still offering FHA loans to buyers who qualify. if you would like me to connect you with someone local or if you have any more detailed questions, please email me. I have a great referral for you. My email is Labbasi@kw.com.... more
Brian is absolutely right. If a home is priced under market you should jump on it at asking, if priced correctly, be prepared to pay within a narrow margin of asking and expect that it will move quickly. If overpriced, then the correct margin is whatever takes it to market value. How can you evaluate the pricing of any property - with the guidance of a great agent.
Good luck to you,
Jeanne Feenick
Unwavering Commitment to Service... more
Hello Lidia, are your offers being accepted? usually if your agent is advising you not to put such a low offer, it means that his expertise is telling them that the offer is unreasonable based on market comparable sales. When i work with buyers and they see a house they like, i normally do a CMA for them to see what a FAIR price is for the house. There are certain situations where the house is priced right, and it would not be worth it to offer even a dollar below asking... Many of my listings actually sell above asking price. At the end of the day, list price means nothing, you need to know what the houses market value is, and the only way to know for sure is for your agent to run a CMA. If after the CMA you still want to present a low offer, then it is up to your agent to do his or her best to get it accepted, regardless.... more
For a great location for less than and yes I say less than $300,000 you get three vacant stores on a buy state highway. call me at 551 404 5211 to see this older commercial building. kingstone realty.
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Lidia I would gladly meet with you at your office, home or in a public setting to discuss your finance needs. Most Mortgage loan officers don't work out of a bank setting. Also big banks seem to be cherry picking the best loans. As a mortgage banker we haven't implemented any additional rules on a loan beyond Fannie Mae, Freddie Mac, FHA, VA...... have instituted on their own.... more
Deebv,
In NJ, commissions are negotiable. FLAT FEE is an option being considering by many in today's economic conditions. See PatrizioRE.com for more details.
Francesca Patrizio, Realtor, ePro... more
New Jersey does not require written notice that an offer has not been accepted. But it is in the agents best interest and yours that they do so. That is the only way you'll know if it's been presented. If your agent refuses to do so, fire her/him, hire somebody else. You make the call!
Every offer I present asks for the seller to sign for acceptance, make changes and initial or reject, with a simple singature on the cover page...next to the word rejected. All signatures or initials are dated.... more
Dear Nivea,
There is no set amount to take off a price. I can show you homes that are selling for at or abouve the list price around our area. It all depends on the way a home was priced. Your agent should provide you with a CMA to show you where the home should be selling at and then you can arrive at an offer price.
Good luck.
Sharon Kozinn... more
To go into purchasing a home.. for you to ask.. how much to take off the price assumes that the house is overpriced and you should take money off.
Get comps in the area and make an educated offer compared to other homes sold in the area... maybe it is priced right. I recently listed and sold a home in one day. how? the owner said .. price the house to sell in 1 day, lets take all in to consideration and sell it quickly. We had three offers within 1 day.. two people came in 25k under asking price with all of these explanations as to why..and we told them no.
One person did their homework and Paid full price stating that even at full price, it was a great buy.
Don't go in thinking how much you can take off the price, educate yourself on sales in the area and make an educated decision.... more