- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 3/21/16 at 10:00 am to dualed
If I think a house is worth 250K, I'm either going to offer 250K or I'm going to offer $257,732 with 3 percent seller contribution. I'd be in a position to cover full closing costs incase they choose option 1.
What the seller has the house listed for is of no value to me. If they don't like the offer, good luck to them with the next buyer. No hard feelings.
That mentality meant it took a year to buy my last house. Well worth it to me.
What the seller has the house listed for is of no value to me. If they don't like the offer, good luck to them with the next buyer. No hard feelings.
That mentality meant it took a year to buy my last house. Well worth it to me.
Posted on 3/21/16 at 7:46 pm to dualed
As many people have said here, paying closing costs are essentially buyer and market driven. If the buyer has limited funds, the seller agrees to a higher sales price, to offset closing based on what the buyer wants/needs to net and the difference between the appraisal and the value. If a house doesn't appraise, most banks (conventional) won't go above the lesser value.
You idea of me asking for it just because, will bite you in the arse because you will be paying a higher sales price than you could have received. So you will pay more in taxes, fees, and insurance. So over a 5 year period, you could end up paying more far more than what the buyer credited you. It is always best to get the lowest price, rate, then fees in that order.
You idea of me asking for it just because, will bite you in the arse because you will be paying a higher sales price than you could have received. So you will pay more in taxes, fees, and insurance. So over a 5 year period, you could end up paying more far more than what the buyer credited you. It is always best to get the lowest price, rate, then fees in that order.
Posted on 3/21/16 at 11:29 pm to dabigfella
Groceries are more expensive at some stores. They're cheaper at Wal-Mart most of the time though.
Cole Haan are ridiculously expensive casual dress type shoes IMO. You can find similar stuff for 75% less in stores right alongside them.
Kia's cost 10-15% less than other automobiles. If not more so. The same person or subsidiary may own other dealerships that sell poorer quality cars at a higher price point.
I'm not really sure what the point is here. Realtors are not 100% necessary. I agree with you there. Hell I didn't use one to negotiate, put in my PA or complete my home's construction or closing. But I have RE finance experience.
I agree their fees are overblown. I also think appraisers are underpaid with the new regs they struggle under. I think home inspectors are worth their weight in gold. Title abstractions, attorneys or notaries, insurance agents, loan officers, appraisers, processors and underwriters are necessary.
Can they be more efficient? Absolutely, and your 2 month deal is kinda just something you threw out there. They close way faster in many instances. Sometimes they take longer. Sometimes there are pieces or parts of negotiations that delay closings. Costs to cure cosmetic, structural, or other problems with the home. Waiting for USDA to process their review of a Rural Development product package. Finding a time and meeting place to have the mortgagee sign closing paperwork.
It could also be a situation where a shrewd Losn Officer sees his March is really fat already, but his April and May might be a bit thin. Extending the process time helps them stack fees and set up pipeline and paydays using delays. Realtors do this all the time as well.
Lots of reasons-good and not so good-that might impact. You can't just say it's to keep bloated processes or procedures in place. It's a one size fits all argument in a custom tailored discussion.
Cole Haan are ridiculously expensive casual dress type shoes IMO. You can find similar stuff for 75% less in stores right alongside them.
Kia's cost 10-15% less than other automobiles. If not more so. The same person or subsidiary may own other dealerships that sell poorer quality cars at a higher price point.
I'm not really sure what the point is here. Realtors are not 100% necessary. I agree with you there. Hell I didn't use one to negotiate, put in my PA or complete my home's construction or closing. But I have RE finance experience.
I agree their fees are overblown. I also think appraisers are underpaid with the new regs they struggle under. I think home inspectors are worth their weight in gold. Title abstractions, attorneys or notaries, insurance agents, loan officers, appraisers, processors and underwriters are necessary.
Can they be more efficient? Absolutely, and your 2 month deal is kinda just something you threw out there. They close way faster in many instances. Sometimes they take longer. Sometimes there are pieces or parts of negotiations that delay closings. Costs to cure cosmetic, structural, or other problems with the home. Waiting for USDA to process their review of a Rural Development product package. Finding a time and meeting place to have the mortgagee sign closing paperwork.
It could also be a situation where a shrewd Losn Officer sees his March is really fat already, but his April and May might be a bit thin. Extending the process time helps them stack fees and set up pipeline and paydays using delays. Realtors do this all the time as well.
Lots of reasons-good and not so good-that might impact. You can't just say it's to keep bloated processes or procedures in place. It's a one size fits all argument in a custom tailored discussion.
Posted on 3/22/16 at 1:50 pm to VABuckeye
quote:
As long as the house appraises for the inflated price.
I'll give the board a freebie. A good sellers agent always makes closing costs and prepaid items $ contingent on appraisal.
Page 2 of 2
Back to top
Follow TigerDroppings for LSU Football News