Skip to main content

Explain this offer to me?! Offering over list...but want the difference in closing??? Huh?....

Tldr; our realtor went to sleep and didn't explain 10k overlist offer asking 10k in closing...motives??

We just got our first offer on our townhouse (we are still pre market) List: 384,900 Offer: 394,900 asking 10k in closing

???Does that not just make it kind of a moot point?? What is the motivation here? Do they just want us, as sellers, to be all glittery eyes OMG 10k over list...sure here are closing costs.....?????

Our concern is with appraisal our neighborhood doesn't have any recent past comps in the last 6mo and those were at 350s little to no upgrades. We have updated all baths, kitchen and laminate throughout. It shows very well. but 20yo windows,roof,HVAC (all in good/ working condition)

comps in other neighborhoods are in 380-415 similar features, space, community amenities. Many not very updated.

submitted by /u/dogbearbeardog
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/c7nj9e/explain_this_offer_to_me_offering_over_listbut/
Labels:

Comments

Post a Comment

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear
1 comment
Read more

Fast Rising HOA Fees on NYC Condo, No Budget Provided

My wife and I are first time homeowners and could use some advice on a situation we've been having with our management company and Board. We bought a condo in Brooklyn two years ago, and since then our HOA fees have climbed dramatically. In August of last year, our fees were increased by ~30% and just yesterday we received notice that this new figure would be increased by 16% as of June 1st. The by-laws for our building state that ten days before such a change goes into effect, the Board must provide unit owners with the itemized budget upon which the new numbers were based. This didn't happen last year, and when I asked the management company about it, they just kept vaguely insisting the Board had done due diligence. After I kept pressing, they finally sent a budget that was several years old, so obviously not the one that the new numbers were based on. When I asked the management company for contact information for the Board to get further clarification, I was told that th
Post a Comment
Read more

How to create fidelity investments current bank statement for lender during escrow

I transferred a certain amount to my bank account to complete the minimum down payment required. The bank wants a current statement of the transaction. Unfortunately, fidelity only does quarterly statements so a December statement is not available and we are due to close next week. I called fidelity and they they can only provide a letter but the bank said that won’t suffice. Any way I can find or make one of my own that has my account number/name along with all the recent month’s activities? submitted by /u/bodaciousbeans [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zmnnqo/how_to_create_fidelity_investments_current_bank/
Post a Comment
Read more