SuzieQ Posted May 10, 2017 Share #1 Posted May 10, 2017 listen to your realtor or go with your gut and research on similar homes in the area? 1 Link to comment Share on other sites More sharing options...
Further Posted May 10, 2017 Share #2 Posted May 10, 2017 It's your money. The realtor makes more the more you spend.... 2 Link to comment Share on other sites More sharing options...
Square Wheels Posted May 10, 2017 Share #3 Posted May 10, 2017 Who do you think your realtor is really looking out for? 3 Link to comment Share on other sites More sharing options...
Popular Post Thaddeus Kosciuszko Posted May 10, 2017 Popular Post Share #4 Posted May 10, 2017 The house is worth what you think its value is, not what the realtor thinks the value is. The realtor is not buying the house. I've heard realtors say "If the offer is too low, you will offend the sellers.' Well, it seems to me if the offer is indeed too low, then the sellers have the choice of not accepting it. And then you can always 'un-offend' them later by offering more money. It's amazing how quickly people become un-offended when you offer a little more money. 10 Link to comment Share on other sites More sharing options...
sheep_herder ★ Posted May 10, 2017 Share #5 Posted May 10, 2017 All of the above are good suggestions. The realtors are in it for the money. Use all of the information at hand to make your decision. Link to comment Share on other sites More sharing options...
Thaddeus Kosciuszko Posted May 10, 2017 Share #6 Posted May 10, 2017 27 minutes ago, Square Wheels said: Who do you think your realtor is really looking out for? Unless realtor is acting as a 'buyer's agent' where you have an agreement that states so, then SW is correct: the realtor is acting on behalf of the seller. 1 Link to comment Share on other sites More sharing options...
Airehead Posted May 10, 2017 Share #7 Posted May 10, 2017 We have a buyers agent. Some of you know her husband from the old forum. She said to us--- You can trust me but you really need to trust your gut. You will know in a way that I can never know. Link to comment Share on other sites More sharing options...
jsharr ★ Posted May 10, 2017 Share #8 Posted May 10, 2017 I would eat the realtor, with fava beans and a nice Chianti and then listen to my gut. 4 Link to comment Share on other sites More sharing options...
Road Runner Posted May 10, 2017 Share #9 Posted May 10, 2017 2 hours ago, SuzieQ said: research on similar homes in the area? Yes. And get a home inspection done before you buy anything. 3 Link to comment Share on other sites More sharing options...
Johnny Come Lately Name Posted May 10, 2017 Share #10 Posted May 10, 2017 Tree fitty and some pocket lint! Not a penny more! 1 Link to comment Share on other sites More sharing options...
Popular Post Johnny Come Lately Name Posted May 10, 2017 Popular Post Share #11 Posted May 10, 2017 11 hours ago, Thaddeus Kosciuszko said: I've heard realtors say "If the offer is too low, you will offend the sellers When I was buying my house, the realtor was actually hounding me over $500. She called me several times. Finally she asked me if I was willing to lose the house over $500. I said "yes.....and from here on in, every time you call me my offer is going to go down five hundred bucks!" 5 Link to comment Share on other sites More sharing options...
Longjohn ★ Posted May 10, 2017 Share #12 Posted May 10, 2017 I don't trust realtors for buying or for selling, realtors are evil. I did have one good experience buying with a realtor. I had a horrible experience selling with one and I missed out on a house I wanted to buy because my realtor wanted me to use her mortgage broker and they failed to come through. That said in my case I can say that things worked out for good and I love my house. It made for an interesting time when I had sold my houses and the week before I was to be out of my house I got word that I didn't get the house I was trying to get through that broker. 1 Link to comment Share on other sites More sharing options...
pedalphile Posted May 10, 2017 Share #13 Posted May 10, 2017 I'm so glad we don't have the word realtor in Britain. It is so horrid. Does it not make you shudder or gip each time you say it? 2 Link to comment Share on other sites More sharing options...
Popular Post Thaddeus Kosciuszko Posted May 10, 2017 Popular Post Share #14 Posted May 10, 2017 25 minutes ago, F_in Ray Of Sunshine said: When I was buying my house, the realtor was actually hounding me over $500. She called me several times. Finally she asked me if I was willing to lose the house over $500. I said "yes.....and from here on in, every time you call me my offer is going to go down five hundred bucks!" I've related the story about how one seller played games on the price with Mrs. TK and me on an offer we put in on their house. We eventually grew weary and gave them our final offer and a deadline of accepting within a couple of hours. They came back $1,000 higher, and we told them we were done; give us our deposit back, we're looking elsewhere. Their realtor called our realtor later with a message they'd agree to our price. Too late, we're not interested in the house anymore, please return our deposit. The house stayed on the market for several months more. We watched as the price dropped below what we'd offered. We later heard they sold the house, but for about $20,000 less than our offer. 5 Link to comment Share on other sites More sharing options...
pedalphile Posted May 10, 2017 Share #15 Posted May 10, 2017 How come when you pull out of a deal there is a deposit coming back? Is not the whole idea of a deposit that it does NOT come back to you, it was a sign of your commitment? Link to comment Share on other sites More sharing options...
Scrapr ★ Posted May 10, 2017 Share #16 Posted May 10, 2017 31 minutes ago, pedalphile said: How come when you pull out of a deal there is a deposit coming back? Is not the whole idea of a deposit that it does NOT come back to you, it was a sign of your commitment? It's called Earnest money. Put down as a sign that you are serious about the offer. If you make an offer on a $400,000 house and put Earnest money of $1000 you are not serious. Just blasting offers across the land. The money does not go to the seller but an escrow account. It is refundable if no deal is reached. Or if a deal is reached but one of the contingencies is not reached. Say in the offer sheet you put in must pass septic test. It gets tested later and the septic is all blown to heck. You get your Earnest money back. Where you don't get your Earnest money back is when the buyer pulls out for a reason not listed in the offer sheet. Say things are progressing and all contingencies are dealt with. Week before closing buyer decides they can't live next to a messy neighbor. Pulls out. No refund 2 Link to comment Share on other sites More sharing options...
groupw Posted May 10, 2017 Share #17 Posted May 10, 2017 It's been 20 years since we had to buy/sell. At the time, we used a cut rate realtor. Not because they only took 3.5%, but because he was the only one that worked for us. Other realtors wanted us to just take a low price and walk away. Bob said if we did this, this, and that, he could get us "X" price which was $10-15K higher than any other realtor was trying for. It was only going to take a couple thousand and a few weekends to get it there. He got us that price and also caught a couple odd things in the house we bought and made sure they were handled correctly. Sadly, he passed away a few years later. I do IT work at a few realtors. I can't think of one I would want to sell my home when the time comes.... Link to comment Share on other sites More sharing options...
a bunch of numbers Posted May 10, 2017 Share #18 Posted May 10, 2017 When I bought the house I'm in, the realtor told me my offer was too low and I'd have to offer more if I wanted them to take me seriously. I told her to submit the offer. They came back asking just $2000 more and I took it. She told me she was surprised they sold it for that amount. But, of course she wanted me to offer more... the more it goes for, the more she makes. Link to comment Share on other sites More sharing options...
KrAzY Posted May 10, 2017 Share #19 Posted May 10, 2017 Before we both the house here in Tx, we made the realtor take us to many many many homes to scope them out in our hood. I nit piced every house until I found the right one. Once we found one that worked I made her pull comps for the homes around ours to see what the price should really be. We even looked ourselves at the prices and pulled our own (what we thought) the comps would be. We were not that far off from the ones she gave us. Link to comment Share on other sites More sharing options...
Longjohn ★ Posted May 10, 2017 Share #20 Posted May 10, 2017 I asked my realtor about showing me the house I'm in now. She said she wouldn't show it to me. She said " You don't want that house ". I ended up renting the house for three months until the realtor's contract was up, then I bought the house directly from the owner. Win win 2 Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted May 10, 2017 Share #21 Posted May 10, 2017 I'd make them an offer they can't refuse. Link to comment Share on other sites More sharing options...
Johnny Come Lately Name Posted May 10, 2017 Share #22 Posted May 10, 2017 1 hour ago, Scrapr said: You get your Earnest money back. How does Earnest feel about that? It's his money, after all. And what about Frank? Do you get his money too? 2 Link to comment Share on other sites More sharing options...
Johnny Come Lately Name Posted May 10, 2017 Share #23 Posted May 10, 2017 2 hours ago, Thaddeus Kosciuszko said: We later heard they sold the house, but for about $20,000 less than our offer. It's not like you to gloat, but go ahead..... The realtor was getting almost shriekingly hysterical: "What are you going to do if you lose this house???“ "Uh, find another one? I found this one, didn't I?" Last I knew, it wasn't the only one on the market....." She must have known exactly where the line was because she toed it, but never crossed it. Pushing me into something is NOT a good sales strategy. "The easiest way to get you to do something is to tell you NOT to" - The One Who Knows Me Best. ? 3 Link to comment Share on other sites More sharing options...
Scrapr ★ Posted May 10, 2017 Share #24 Posted May 10, 2017 1 hour ago, F_in Ray Of Sunshine said: How does Earnest feel about that? It's his money, after all. And what about Frank? Do you get his money too? Would you trust this guy with your money? http://gph.is/1l09QcI gif challenged and proud Link to comment Share on other sites More sharing options...
Popular Post SuzieQ Posted May 10, 2017 Author Popular Post Share #25 Posted May 10, 2017 Well offer is in pretty scary. I need a go fund me page. I think they may be pissed, but oh well, all they can say is no way, or come back with a counter. I offered $10 000 below their asking, but I have done my homework. They don't want to lose money - they bought 5 years ago - but they house is not worth what they are asking. I may go up a few grand. 5 Link to comment Share on other sites More sharing options...
Longjohn ★ Posted May 10, 2017 Share #26 Posted May 10, 2017 4 hours ago, F_in Ray Of Sunshine said: Easiest way to get you to do something is to tell you NOT to" - Lol, that's how I became a hippie. People that it wasn't any of their business how long my hair was kept telling me I had to get my hair cut or else. I guess I showed them. 1 Link to comment Share on other sites More sharing options...
Kirby Posted May 10, 2017 Share #27 Posted May 10, 2017 Good luck SuzieQ! Anything to do with buying houses is scary, but it's also exciting. Keep us posted! Link to comment Share on other sites More sharing options...
Randomguy Posted May 10, 2017 Share #28 Posted May 10, 2017 2 hours ago, SuzieQ said: Well offer is in pretty scary. I need a go fund me page. I think they may be pissed, but oh well, all they can say is no way, or come back with a counter. I offered $10 000 below their asking, but I have done my homework. They don't want to lose money - they bought 5 years ago - but they house is not worth what they are asking. I may go up a few grand. I have my fingers crossed for you! Let me know if you need a hand with the move, I work for beer (or Zima), but you probably already know that! 1 Link to comment Share on other sites More sharing options...
Ralphie ★ Posted May 10, 2017 Share #29 Posted May 10, 2017 8 hours ago, Rick5234 said: When I bought the house I'm in, the realtor told me my offer was too low and I'd have to offer more if I wanted them to take me seriously. I told her to submit the offer. They came back asking just $2000 more and I took it. She told me she was surprised they sold it for that amount. But, of course she wanted me to offer more... the more it goes for, the more she makes. Also the more assured she is of getting the deal. Link to comment Share on other sites More sharing options...
Ralphie ★ Posted May 10, 2017 Share #30 Posted May 10, 2017 7 hours ago, F_in Ray Of Sunshine said: How does Earnest feel about that? It's his money, after all. And what about Frank? Do you get his money too? Frank and Ernest was a good strip. Link to comment Share on other sites More sharing options...
Ralphie ★ Posted May 10, 2017 Share #31 Posted May 10, 2017 Could this be a forum of contrarians? Nahhh! 1 Link to comment Share on other sites More sharing options...
Airehead Posted May 10, 2017 Share #32 Posted May 10, 2017 Good LUck Suzy! Scary times. In fact, this thread has made us decide not to buy the farm. 1 Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted May 10, 2017 Share #33 Posted May 10, 2017 50 minutes ago, RalphWaldoMooseworth said: Could this be a forum of contrarians? Nahhh! I'm not a contrarian. Are you saying I'm a contrarian? Link to comment Share on other sites More sharing options...
Johnny Come Lately Name Posted May 10, 2017 Share #34 Posted May 10, 2017 4 hours ago, Longjohn said: . I guess I showed them ...scarred them for life, like you just did me? 1 Link to comment Share on other sites More sharing options...
Johnny Come Lately Name Posted May 10, 2017 Share #35 Posted May 10, 2017 1 hour ago, RalphWaldoMooseworth said: Could this be a forum of contrarians? Nahhh! Yes it is. Link to comment Share on other sites More sharing options...
petitepedal ★ Posted May 10, 2017 Share #36 Posted May 10, 2017 Suzy..it depends on the market..how long is it taking for homes to sell..how many buyers are out there and how badly they want to move. I bought high (14 years ago)...prices went up about 2 more years and then tanked....being a condo...and LOCATION..TRAINS...LOCATION (okay no whistles but still...trains and they make noise)...things are not yet back to 2004 prices...but hey... Good Luck.... Link to comment Share on other sites More sharing options...
SuzieQ Posted May 11, 2017 Author Share #37 Posted May 11, 2017 Well got word they already have an accepted offer but will take the highest offer that comes in by 5pm today. After much back and forth I upped my offer to what I think it's worth for me. This whole this sucks and is super stressful as I have to be out by end of July, I also have my mother's upcoming surgery to deal with and of course all the usual business stuff going on. I just want to go for a walk in the woods with Nixie and take a nap! 2 Link to comment Share on other sites More sharing options...
Kirby Posted May 11, 2017 Share #38 Posted May 11, 2017 Good luck. If you get it, great. If not, it will be annoying to find somewhere else, but it would be worse to pay more than what it's worth to you. Link to comment Share on other sites More sharing options...
Reverend_Maynard Posted May 11, 2017 Share #39 Posted May 11, 2017 14 minutes ago, SuzieQ said: Well got word they already have an accepted offer but will take the highest offer that comes in by 5pm today. After much back and forth I upped my offer to what I think it's worth for me. This whole this sucks and is super stressful as I have to be out by end of July, I also have my mother's upcoming surgery to deal with and of course all the usual business stuff going on. I just want to go for a walk in the woods with Nixie and take a nap! Scope out a good spot to pitch a tent while you're out there! August and September are good months to be homeless. 3 Link to comment Share on other sites More sharing options...
Zephyr Posted May 11, 2017 Share #40 Posted May 11, 2017 I have nothing to add, I just thought my parody thread might look better if this was nearby. 2 Link to comment Share on other sites More sharing options...
Thaddeus Kosciuszko Posted May 11, 2017 Share #41 Posted May 11, 2017 2 hours ago, SuzieQ said: Well got word they already have an accepted offer but will take the highest offer that comes in by 5pm today. Interesting. They already have an accepted offer, but they are still taking other offers until 5. I'm guessing that means they have an offer they like but don't have to commit to it until 5. I suppose they could always use the 'attorney approval' clause to wiggle out of any offer they've already signed to take a better one. SuzieQ, if you have to be out by the end of July I would suggest starting to look for someplace to stay in the meantime. You've only got about 10 weeks until then, which is a remarkably short time for applying for a mortgage and wading through all the paperwork to get to a closing - assuming everything goes perfectly. I apologize, as I'm not trying to add to your stress, but based on the closings here in NY I've been to they usually take 10 - 12 weeks if everything goes well. I'd suggest having a contingency plan for a place to stay for 2 - 4 weeks while the lawyers and realtors haggle through the process. 2 Link to comment Share on other sites More sharing options...
Ralphie ★ Posted May 11, 2017 Share #42 Posted May 11, 2017 52 minutes ago, Zephyr said: I have nothing to add, I just thought my parody thread might look better if this was nearby. Maybe someday the forum software will have a feature where the parr8ey threads get nested inside their target threads. 1 Link to comment Share on other sites More sharing options...
Longjohn ★ Posted May 12, 2017 Share #43 Posted May 12, 2017 3 hours ago, Thaddeus Kosciuszko said: Interesting. They already have an accepted offer, but they are still taking other offers until 5. I'm guessing that means they have an offer they like but don't have to commit to it until 5. I suppose they could always use the 'attorney approval' clause to wiggle out of any offer they've already signed to take a better one. SuzieQ, if you have to be out by the end of July I would suggest starting to look for someplace to stay in the meantime. You've only got about 10 weeks until then, which is a remarkably short time for applying for a mortgage and wading through all the paperwork to get to a closing - assuming everything goes perfectly. I apologize, as I'm not trying to add to your stress, but based on the closings here in NY I've been to they usually take 10 - 12 weeks if everything goes well. I'd suggest having a contingency plan for a place to stay for 2 - 4 weeks while the lawyers and realtors haggle through the process. 5 hours ago, Reverend_Maynard said: Scope out a good spot to pitch a tent while you're out there! August and September are good months to be homeless. Problem solved. When I was moving to the area I am in now to be closer to work and unload my rental properties I found a buyer for one of my houses. That's when I made an offer that was accepted on a house in this area. The realtor I was using wanted me to use her mortgage broker, said she could save me a lot of money. The seller was going to Europe for the summer so we had to close before school was out. In the mean time I sold the other property and had to be out by the end of June. The mortgage broker fiddle-farted around and didn't get me a mortgage and we ran out of time. I had rented a cabin at the lake for the third week of June. Here we are with two weeks to find a house and move and a vacation that we all had looked forward to and paid for so I said screw it, we are going to the cabin we will worry about finding a place when we get back. We had a great vacation that made memories and came home to start looking for a house to move into at the end of the week. We found an old farm house that the owner said we could rent until we could get a house. While we were looking at the farmhouse a guy I worked with came by and stopped to tell me that the owner of the house I wanted my realtor to show me but she refused had told him that I could rent his house. We started moving in that day and three months later he sold us the house. I love this house. 1 Link to comment Share on other sites More sharing options...
SuzieQ Posted May 12, 2017 Author Share #44 Posted May 12, 2017 3 hours ago, Thaddeus Kosciuszko said: Interesting. They already have an accepted offer, but they are still taking other offers until 5. I'm guessing that means they have an offer they like but don't have to commit to it until 5. I suppose they could always use the 'attorney approval' clause to wiggle out of any offer they've already signed to take a better one. SuzieQ, if you have to be out by the end of July I would suggest starting to look for someplace to stay in the meantime. You've only got about 10 weeks until then, which is a remarkably short time for applying for a mortgage and wading through all the paperwork to get to a closing - assuming everything goes perfectly. I apologize, as I'm not trying to add to your stress, but based on the closings here in NY I've been to they usually take 10 - 12 weeks if everything goes well. I'd suggest having a contingency plan for a place to stay for 2 - 4 weeks while the lawyers and realtors haggle through the process. I have already warned both of my kids! Problem is they are both close to an hour away from the studio, so a lot of driving, getting home late etc. but at least it's an option. I would put my stuff into storage and just take what I need. 1 Link to comment Share on other sites More sharing options...
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