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2
Posted on 3/20/16 at 6:03 pm to stout
If you are talking about me, why wouldn't you correct what you see wrong instead of throwing out backhanded insults? Although I don't see where I'm wrong.
Posted on 3/20/16 at 6:04 pm to stout
I can't ever remember a time when market conditions in a given area didn't dictate terms.
People that think they can "always negotiate" are a PITA and usually aren't worth the trouble to engage.
People that think they can "always negotiate" are a PITA and usually aren't worth the trouble to engage.
Posted on 3/20/16 at 6:05 pm to 13SaintTiger
My bad for trying to clear up a topic in a field I have been successful in for over 10 years.
So you're saying that because it's a buyers market you are more likely to get closing costs out of a buyer? My answer to that is "sure". But you're just as likely to get a lower sales price for the same amount. It all depends on what the buyer would prefer depending on their situation.
But hey you're the expert. You bought a house once. I do this everyday and I've sold well over 100 houses in both buyers and sellers markets. I'm just trying to open up a different way of thinking about negotiations from both point of views. Carry on.
So you're saying that because it's a buyers market you are more likely to get closing costs out of a buyer? My answer to that is "sure". But you're just as likely to get a lower sales price for the same amount. It all depends on what the buyer would prefer depending on their situation.
But hey you're the expert. You bought a house once. I do this everyday and I've sold well over 100 houses in both buyers and sellers markets. I'm just trying to open up a different way of thinking about negotiations from both point of views. Carry on.
Posted on 3/20/16 at 6:06 pm to dualed
I'm in the process of buying a house and my loan agent said it's fairly common practice to have the seller pay closing costs in BR market. So we asked the owners to pay, and they are. But in turn we are paying asking price.
Posted on 3/20/16 at 6:07 pm to oreeg
You made an incorrect statement to which I responded that it isn't necessarily true and you continued to write novels and try to teach a class. I highly doubt you are in the field if you stand by that incorrect statement.
This post was edited on 3/20/16 at 6:08 pm
Posted on 3/20/16 at 6:11 pm to 13SaintTiger
quote:
If you are talking about me
I wasn't, insecure Sally.
quote:
why wouldn't you correct what you see wrong instead of throwing out backhanded insults?
I used to do this on the OT but now I only do it on The Money Board because it's a waste of time to correct the crap here.
As a rule, I don't go into medical threads, accounting threads, etc and spew bullshite I know nothing about. Others should do the same and let people get the legit advice they are looking for but that simply doesn't happen.
Posted on 3/20/16 at 6:15 pm to 13SaintTiger
Well then let me clarify the statement for you.
You are going to pay a higher sales price with closing costs paid compared to the sales price you'd pay not asking for closing costs.
Better?
You are going to pay a higher sales price with closing costs paid compared to the sales price you'd pay not asking for closing costs.
Better?
Posted on 3/20/16 at 6:17 pm to 13SaintTiger
quote:
You made an incorrect statement to which I responded that it isn't necessarily true
He is actually pretty spot on that sellers are going to have a hardline where they want to be and they don't care how they arrive at that line. Higher sell price and pay closing cost or lower sell price and no closing cost is all the same to the seller. They just have a figure they need to be at and don't care how they get there.
It's almost the same as when you buy a car and the salesman makes you feel good about your trade in by taking less off of the sales price of the new car and rolling it into your trade in value.
You are correct that the type of market will dictate who has the negotiating power in the transaction.
Not sure why it took you two so many posts to realize each was correct to a degree.
That'll be $100 for the counseling session and another $100 for the lesson.
I will send you each my PayPal.
Posted on 3/20/16 at 6:17 pm to stout
quote:
As a rule, I don't go into medical threads, accounting threads, etc and spew bullshite I know nothing about. Others should do the same and let people get the legit advice they are looking for but that simply doesn't happen
I understand where you are coming from, I truly do but I think a lot of questions asked on the OT can be answered by a) subject matter experts b) experience. As long as those who have had experience don't speak in terms of absolute. I know it doesn't work that way, it's just how I see it and don't see a problem with that. Anecdotal experience is still valuable feedback.
This post was edited on 3/20/16 at 6:20 pm
Posted on 3/20/16 at 6:20 pm to 13SaintTiger
quote:
As long as those who have had experience don't speak in terms of absolute.
quote:
Anecdotal experience is still valuable feedback.
I agree with this FWIW
Posted on 3/20/16 at 6:27 pm to stout
Many Buyers just believe that in a buyer's market they should always ask for closing costs because they feel like they get the upper hand that way. When the question they need to ask is whether they "need" closing costs. If they don't need them and already have money set aside for it, I'd rather them shoot for the lowest sales price possible since that will help them on the back end when they go to sell.
I understand that market conditions affect all negotiations but closing costs is a negotiated piece that's completely determined by the sales price it's tied to.
I understand that market conditions affect all negotiations but closing costs is a negotiated piece that's completely determined by the sales price it's tied to.
This post was edited on 3/20/16 at 6:30 pm
Posted on 3/20/16 at 6:32 pm to oreeg
A buyer in a BUYER'S market should seek the lowest possible selling price and negotiate other transaction costs as well.
A seller in a seller's market should seek the highest possible selling price and not be very flexible about paying any other transaction costs.
A seller in a seller's market should seek the highest possible selling price and not be very flexible about paying any other transaction costs.
Posted on 3/20/16 at 6:57 pm to dualed
I split them with the buyer of my house and I also split them with the seller of the house I bought.
Posted on 3/20/16 at 7:16 pm to VetteGuy
quote:
People that think they can "always negotiate" are a PITA and usually aren't worth the trouble to engage.
Yep. They can always ask but the option to negotiate isn't always there. Most here probably haven't seen a sellers market where multiple offers drive the price of the house above listing price.
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