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Yasumi Davis's Advice

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  • 8 Contributions
  • 0 Best Answers
  • 1 Helpful

Yasumi Davis wrote:

Is it a good idea to ask the bank to pay closing costs on a short sale?

Answer
If you are FHA or VA, most of banks (actually investors who are approving short sales) are happy to give buyers up to 3% credits, but in this competitive market, if you ask for closing costs credit, the seller may not accept your offer. Never ask for credits if you are conventional loan buyers. Even seller may accept your offer, most of short sale banks (investors) won't allow. Short sale banks are mostly just servicers and need to follow their investors guidelines for approving short sales. If your agent is expert in short sale, she/he can find out if the loans are owned by Fannie Mae or Freddie Mac, or non-GSE and give you clear guideline on your offer. My suggestion: Make a very clean offer. Ask your agent to follow the listing agent's offer instructions. Many agents can't follow instructions and even it is the highest offer, it will be rejected by seller. Your agent needs to know how to make a clean and strong offer.
August 24 2012
(0)

Price reduced - Now $359,000

Answer
The priced was reduced to $359,000. Very motivated seller. Short sale. Agent has a 100% closing record for short sales.Thank you.Yasumi DavisBroker/MBA
April 30 2009
(0)

Price reduced - Now $399,000

Answer
It was reduced to $399,000.Thank you.
March 29 2009
(0)

Price reduced?

Answer
Yes, the price was reduced to $650,000. It looks like the price on Zillow was not updated. The seller is very motivated. If you would like to see inside, please let me know. Thank you.Yasumi Davis, Broker/MBA925-381-3201
January 11 2009
(0)

zestimate vs. asking price

Answer
Hello, I'm contacting my client. I will get back to you shortly. Please don't hesitate to call me at my office (925) 313-2000 for more detailed discussions.
March 10 2008
(0)

zestimate vs. asking price

Answer
Thank you for your interest in this property, but since it is not a short sale, the seller may not take an offer that they need to put money to close escrow. Are you looking to buy an income property or one with in-law? Please let me know if you need any help finding one.
March 07 2008
(0)

zestimate vs. asking price

Answer
Zestimate is done with the neighboring statistics and the much of the amenities of the property and remodeled conditions are not in consideration. This is an updated historic home and the seller is still asking for $679,000. However, they will review any offers.Thank you.
March 07 2008
(1)

Re: House

Answer
Sorry, but not at this point.
March 03 2008
(0)
 
 
 
 
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