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Answers (4)
- Becky Nay, "HomesInUtah"
- Contributions:150
I'd have your agent do a CMA and submit with offer, I've done this before. I'd also take some photos showing the issues with windows, water damage on the walls and then down to the basement. I've actually done this very thing before too. Submit the photos, contractor's estimate for repairs, CMA this really wouldn't hurt. I've done all of these before on a short sale for my clients wanting to buy an unfinished short sale. It was priced $105K higher than what my buyer ended up getting it for, it was just priced way too high.
I've submitted a CMA on several offers before for my clients helping the listing agent to show value to the bank. They'd just submit it with my clients offer each time.
I hope any of this helps.
Becky
I've submitted a CMA on several offers before for my clients helping the listing agent to show value to the bank. They'd just submit it with my clients offer each time.
I hope any of this helps.
Becky
- Tim Mellor, "utahtim"
- Contributions:216
I recently pulled out of an offer because the home had a history of sickness due to mold, so I did an airborne mold test and the numbers were off the charts. The VA replaced one panel of sheetrock because there was obvious black mold on it, but would do no more than that. I argued that would do little to nothing to get the mold spores out of the air. I wanted to rent a negative air machine, clean all surfaces with bleach and replace carpet and pads. They gave me the old line that I was buying it As-Is and if I didn't want it they would find some other naive investor who wouldn't do his due diligence. Ok, so they didn't quite come out and say that, but that's the feeling I got.
The moral of the story is this, do your due diligence, send them proof (photos, inspection reports, bids, etc...) and if they won't work with you than move on or deal with the problem yourself.
The moral of the story is this, do your due diligence, send them proof (photos, inspection reports, bids, etc...) and if they won't work with you than move on or deal with the problem yourself.
- Marc Stromberg, "uniquehomefinder"
- Contributions:51
The bank has standards and at the level you are at your only hope is to have your agent talk with the listing agent. A bank will take input, but there are factors that you and I are not privy to. Your agent can't go around the listing agent so he must get the listing agent's help on this issue.
- wooties
- Contributions:7
*Assess! .. I hate that you cannot edit a topic subject. Sorry about the "asses".
heheh
PS: Please don't tell me this is the best time to buy and that I should pony up the additional 10k. I'm not an idiot, I know housing prices are dropping, still. However, we do like the house and it's location. I'm just not willing to pay more than I think it's worth.
heheh
PS: Please don't tell me this is the best time to buy and that I should pony up the additional 10k. I'm not an idiot, I know housing prices are dropping, still. However, we do like the house and it's location. I'm just not willing to pay more than I think it's worth.
Short sale advice: How to ask the bank to asses damages in their estimation of house value
Is it unrealistic to ask the bank to do an inspection or to include a list of repairs in our initial offer? I would like to get bids on the repair but I don't think we're to that point yet. However, I would like to be. Is there anyone with advice on how to approach this kind of situation? -My Agent is ok, but he's at the mercy of the seller's agent who isn't very responsive and I'm trying to give my agent ideas.
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