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What should i offer for a house priced at 185,000, 3 br/1.5ba/unfin bsment...in 21229

FYI ...home has been listed 4 2 days, and is unoccupied...
  • September 03 2009 - Baltimore
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Answers (5)

Deneen,

Get in touch with me and I can run some numbers for you to assist you in this decision. I can also represent you in the transaction and help guide you through the unknowns. The good news is that Buyer representation does not cost you anything as that is paid by the Seller.

Alex
www.AlexSaenger.com
  • November 09 2009
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The best part of choosing a "buyer's realtor" is that the more you offer, the more the buyer's realtor gets paid, and though it comes out of the seller's proceeds from the purchase, the money the seller received all has to come from the buyer or the buyer's financing.

If you don't want a "conflict of interest", you need to discuss these commission issues up front.
  • September 04 2009
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By the way, often what determines if an offer is accepted or not is not the price, but the other terms, such as contingencies, preapproval, amount down, earnist monies, "as-is", closing time...  You should talk to someone about making a "strong offer", not just the lowest price you can get away with.

And really, bartering skills is not just throwing a number at something generically.  It takes years of practice for people to become good a bartering.  There are no simple "rules of thumb".  I don't know any "courses" that are offered for such things.  You might try going to Mexico and just observing a market, but then you would need to understand Spanish.
  • September 04 2009
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You should offer anything between $100 and $2 million.
(Your choice, but some of the extremes would likely just get your offer laughed at).
I'm sure the seller would appreciate you choosing something closer to $2 million, but it likely wouldn't appraise for anywhere near that, and if you need to "finance" it, you likely wouldn't find anyone willing to do that at so much above appraised value.

On the other hand, you could just skip this one and go on to the next, or you could track the market and decide to wait.
  • September 04 2009
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Deneen, in the State of Maryland, legally the only answer that can be given, unless representing you as a buyer's agent, is $185,000.
Your best bet is to get a buyer's agent to represent you, who can go through the house with you, share comparables, and will be able to negotiate on your behalf. Another great part is, that if the seller is offering the buyer's agent commission, this service many times does not cost the buyer much of anything if anything at all!
Good luck!
Sincerely,
Marney Kirk
Keller Williams Excellence Realty
  • September 04 2009
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