Alerts are a great way for you to stay up-to-date on things you care about. We will email you a list of the new items that match your criteria at a time of your choosing.
Print off your searchs showing the realtor the homes in your area are 40K less and then
they claim and tell them "I accept $158,500 asking."
If you they say $190K, act like you didnt hear that. If they want to play you like a fool,
and rip you off, then you can play them like fools and tell them they will lose their RE license very shortly.
You called the listing agent, right? You are not going to be able to change that agent, but you can get a buyers agent to represent you.
As far as the price, it looks like you have comp'd it to be anywhere from 140-150K. I wouldn't offer more then that.
"I get home and immediately do what any smart home buyer would do, i got on Zillow.com."
Image all the people who didnt do that and took the word of a realtor as honest truth...
You get the picture, and its why we have a mess in RE today....
"get a buyers agent to represent you"
Now you have liars "in stereo" one on the right and one on the left
pinching you for every dime they can get... will that change anthing.
Space,
Come on now I didn't say he/she needed one, but he/she asked if they should look into a getting a new agent...you can't change the listing agent...read my statement again
Look at the 10 year sales history trend on any of these homes to get a better idea..
Any increases year over year 10% or more is suspect...
The agent just called me to confirm my email address. i asked him how much honestly could i offer at low and he told me 175k! A buyers agent seems like someone who will help me pinch every dollar away from the owner.. i like the idea but as
Space_Acer said "Now you have liars "in stereo" one on the right and one on the left
pinching you for every dime they can get..."
I would gladly pay someone to negotiate the price to 150k and pay someone 3-5k to save me 40k... Am i wrong?
Ok
brtlmj and Silver84 where do i find this information? I would love to know closing prices of recent sales...
Thanks everyone for the infos!
Prinler,
If you use a buyers agent, don't settle for less then what you want. The commission comes out of the sell of the home, if you really want the home, and you want to use a buyers agent, make sure you get what you want.
Rob - How does one find one?
brtlmj -
Last sale and tax info
Sold 08/20/2004: $143,000
2007 Property Tax: $1,718
PROPERTY #17452939
What county are you in? I could try to find it for you. I would need to use google. & I really don't feel zillow is accurate enough. The county appraisal info is usually way below the prices zillow shows. Plus it shows the roll value history, value for the land, who owned and when they sold. ETC
Prinler,
If you do want to use one. I recomend talking to people you know, and see who they have used, and ask if they would honestly recommend them. You can call up any real estate office, and any agent can become your buyers agent. But if you do use one take your time and make sure you find a good one (afterall the property has been listed for 9 months already) you can take your time.
Sold 08/20/2004: $143,000
Stick to your $150K target and let them convince you 40K or 27.9% of "appreciation" magically appeared in 3-4 short short years. Should you sweat or should they?
$190K sounds more and more like a scam to me!
opps I should have said ... 34.96% of appreciation in 3-4 years...
Any luck Silver84?
http://www.sbcounty.gov/main/services.asp
I found this...but it seems the link is not working for the property info. It says For general County information please call the County operator at (909) 387-2020 for complete Roll Values : Property Information Assessor
This is an example of what it would show..here's one house in my city
http://www.bcad.org/clientdb/Property.aspx?prop_id=711070
The fact that the property is corporate-owned probably explains why the asking price is not in keeping with comps in the neighborhood. An out-of-town owner is not likely to be paying much attention to what's going on in the property's local market...wake-up call. If they want to sell it, they will have to entertain a price that's 40k or so less.
If you want the house, make an offer based on local sales comps and definately back up your offer with them. Nevermind the listing agent...they could be just as out-of-touch or could care less...your offer would wake them up too. This could be to your advantage. Potential buyers are passing up this house because it is over-priced...time for you to swoop in.
Silver84 ...
Try Domania.com
Property is property regardless if its Corporate owned...
A used Ford from Hertz is the same as any other used Ford.
Prinler, I think the other posters are missing the point.....
If you called off the sign you either contacted the listing agent or an agent at the reception desk at the broker's office. If it's the latter it's probably someone who will be eager to help you as a buyer's agent.
When you ask about the price of a house Realtors are required to tell you the listing price on the first meeting. An agency relationship hasn't been entered into between you and the agent. By default, at least in my state, Realtors represent sellers. You must enter into a buyer agency agreement, either in writing or verbally so that you can ensure that the agent is working in your best interests. Tell the agent you are considering using him as a buyer's agent so that the two of you can get to work.
Also, I very seriously doubt the agent did any analysis on the house before he met you; like you said, he zoomed right over with the listing information in his hand. Since this is the first time the two of you have met I think it's premature to look for a different agent already. Ask him to do a market analysis on the property and discuss offer options with him.
As far as I can tell the agent has done his job so far (in the absence of a buyer agency agreement) and he is following up with you. Nothing wrong so far.
I would not go by Zillow’s estimate. You need to find out what homes actually sold for in this neighborhood (Recently). I do not recommend using the listing agent as your buyer’s agent. As for the pool, that usually reduces the value of a home. The reason for this is that it limits the amount of potential buyers. Keep in mind not everyone wants a pool.
Zillow's estimates are almost non-sensical in some cases.
I see a situation where one house built in 1967 that needs a lot of work has gone up $32,000 in one month and the 2001-built house right across the street went down $23,000 in one month....what the heck? Same neighborhood, similar in size, 34 yr age difference, but why would there be such anomolies in value changes?
Weird.
Prinler - listen to Daniel Nesemier. You either talked to the Listing Agent or the agent who answered the phone when you called. In either case, be default they represent and have fiduciary responsibility to the seller.
Do yourself a big favor and do 1 of two things - first, if you liked the house and the agent who showed you the property, call him or her back to see if he or she will represent you as the Buyer's Agent. Most likely s/he'll be a dual disclosed agent because s/he works for the same ageny the house is listed with. If yes, signed an agency disclosure agreement. If not, find an agent with another broker and sign an exclusive buyer's agency agreement. I'd prefer the later so there's no appearance of impropriety. But it's a judgement call.
Once done, have him or her conduct a CMA AND a Price Trend Analysis on the house to see about where you should make an offer. Don't use Zillow's estimates! And don't let any agent "put numbers in your mouth." In other words, don't let them tell you how much they think you should offer. Gather the facts, discuss with your agent negotiation strategies, and then you can make an intelligent and informed decision as to what you think you should make as your initial offer, and how high you ultimately want to go.
Lewis and Daniel,
Maybe you can explain the increase of 34.9% in price in 3-4 years.
Does that sound reasonable to you ? That is what prinler is asking about.
You need to find out what homes actually sold for in this neighborhood (Recently).
And what if someone or two overpaid recently, should you?
I sure would hope that they use more than one or two comps. My point was that the appraisers and banks don’t give crap what Zillow’s “Zestimate” says. I am agreeing that the home appears to be priced high. The person who started this thread implied that they thought the pool might bring the price of the house up. In my experience the only thing a pool will raise are your taxes, utility bills and homeowner’s insurance premium.
In San Bernandino, its pathetic..... just as bad as Riverside CA..... what city???? You should do your own research.... get a different agent to send you automatic emails on the listings in that neighborhood. Dont sign anything with a buyer's agent if you decide to use one.
... and, it's free and anonymous
Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy
First time buyer, but this just doesnt sound right!
sponsored by
prinler
Contributions: 13
View full profile
So im driving around looking for a house for me and my family. I notice this house, its nothing to look at because its been sitting for awhile. I called the number on the sign and the realator zoomed straight over. Its everyting i want in a first home. I asked him how much they were asking. He tells me 189,900. Its 3Br 1.5 bath with an in ground pool. nice fencing and layout would work. Im was thinking in my head shesh 190k? must be the pool. I get home and immediately do what any smart home buyer would do, i got on Zillow.com. It shows every house in the naghborhood as being high 140's low 150's, up about 3 houses another house with same Sq ft house but 15k Sq ft compaired to my 9900 sq ft lot. also has a nice pool. Only 158,500... im getting alittle peaved, thisis 40k more then the other houses. House was build in 1959... others down the street 3 bd 2 bath 1499 sqft on 18k sqft built in 1996 nicest looking houses around 2 story ect... 172 - 200k.
Oh also this house i want is corporate owned via a relocation company - been holding it for 9+ months now on market
Ok i told you all that to ask you this:
What kind of price should i open the offer at?
Should i look into a new agent?
If you find this content is in violation of our Good Neighbor Policy, please let us know and we will review it.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.