User Panel
User Panel
User Panel
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Posted: 10/29/2010 8:03:40 PM EDT
[#1]
Maybe $120,000
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Posted: 10/29/2010 8:07:12 PM EDT
[#2]
Quoted:
This house has been sitting vacant for a couple of years. The owner has health problems and now lives out of state with his daughter. Anyway the house is worth the money. They want $160,000.00 I’d love to get the house for as little as possible. Where do I start the offer? Thanks from a real-estate newb. You contact the owner and offer 100k cash. I can't say how many times it has been useful to purchase items with cash. It works great on cars. Show up with cash more than likely 20% decrease is attainable with CASH in hand. 
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Posted: 10/29/2010 8:10:16 PM EDT
[#3]
If you like the house and what's being asked is current appraised value.............. 139,500. I think if you bid too low you run the risk of not being taken seriously at all.
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Posted: 10/29/2010 8:10:31 PM EDT
[#4]
Quoted:
Quoted:
This house has been sitting vacant for a couple of years. The owner has health problems and now lives out of state with his daughter. Anyway the house is worth the money. They want $160,000.00 I’d love to get the house for as little as possible. Where do I start the offer? Thanks from a real-estate newb. You contact the owner and offer 100k cash. I can't say how many times it has been useful to purchase items with cash. It works great on cars. Show up with cash more than likely 20% decrease is attainable with CASH in hand. How old are you? How many houses have you bought? How many people do you know that can put $100K cash together? Brian |
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Posted: 10/29/2010 8:16:04 PM EDT
[#5]
Most sellers couldn't care less if you showed up with a pile of cash vs. a letter from a lender saying the loan is secured.
Either way, the sellers get paid in full before the buyers move in. All cash just sounds like you're a kid trying to get a deal on some records. If I was in the situation as a buyer, I'd just ask them what it'd really take. Tell them your closing timelines. You might be surprised how cheap you get it. |
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Posted: 10/29/2010 8:23:53 PM EDT
[#6]
Talk to a realtor and have them to a market comparison, see the home inside and out, then you can make an educated offer.
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Posted: 10/29/2010 8:25:30 PM EDT
[#7]
Quoted:
Most sellers couldn't care less if you showed up with a pile of cash vs. a letter from a lender saying the loan is secured. Either way, the sellers get paid in full before the buyers move in. All cash just sounds like you're a kid trying to get a deal on some records. There's a reason I asked his age.... and it's in his recent threads about college. If I was in the situation as a buyer, I'd just ask them what it'd really take. Tell them your closing timelines. You might be surprised how cheap you get it. Brian |
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