Home › Forums › Closed Forums › Buying and Selling RE › Anyone counteroffer a REO after inspection?
- This topic has 95 replies, 10 voices, and was last updated 15 years, 4 months ago by NotCranky.
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August 11, 2009 at 12:05 AM #443717August 11, 2009 at 12:13 AM #444135OxfordParticipant
[quote=BGinRB]Ox is recently divorced with a girlfriend, no?
Would you offer as much if you knew about the issues? If you are competing with another 11 people and some are really 100% cash (you don’t know unless you are the seller, do you?) it is likely that your initial offer was too high to begin with.
Are you using the guy who helped you sell the house, a different one or you went straight to the listing agent?[/quote]
-yes
-maybe
-maybe
-yesAugust 11, 2009 at 12:13 AM #444313OxfordParticipant[quote=BGinRB]Ox is recently divorced with a girlfriend, no?
Would you offer as much if you knew about the issues? If you are competing with another 11 people and some are really 100% cash (you don’t know unless you are the seller, do you?) it is likely that your initial offer was too high to begin with.
Are you using the guy who helped you sell the house, a different one or you went straight to the listing agent?[/quote]
-yes
-maybe
-maybe
-yesAugust 11, 2009 at 12:13 AM #444066OxfordParticipant[quote=BGinRB]Ox is recently divorced with a girlfriend, no?
Would you offer as much if you knew about the issues? If you are competing with another 11 people and some are really 100% cash (you don’t know unless you are the seller, do you?) it is likely that your initial offer was too high to begin with.
Are you using the guy who helped you sell the house, a different one or you went straight to the listing agent?[/quote]
-yes
-maybe
-maybe
-yesAugust 11, 2009 at 12:13 AM #443532OxfordParticipant[quote=BGinRB]Ox is recently divorced with a girlfriend, no?
Would you offer as much if you knew about the issues? If you are competing with another 11 people and some are really 100% cash (you don’t know unless you are the seller, do you?) it is likely that your initial offer was too high to begin with.
Are you using the guy who helped you sell the house, a different one or you went straight to the listing agent?[/quote]
-yes
-maybe
-maybe
-yesAugust 11, 2009 at 12:13 AM #443728OxfordParticipant[quote=BGinRB]Ox is recently divorced with a girlfriend, no?
Would you offer as much if you knew about the issues? If you are competing with another 11 people and some are really 100% cash (you don’t know unless you are the seller, do you?) it is likely that your initial offer was too high to begin with.
Are you using the guy who helped you sell the house, a different one or you went straight to the listing agent?[/quote]
-yes
-maybe
-maybe
-yesAugust 11, 2009 at 8:25 AM #444378BGinRBParticipantYou can always present the findings and ask the seller compensate for the deficiencies you found. After all, you will have to disclose the issues when you try to sell the place and it will cost you. Some people will not purchase a house with cured structural issues.
In general, if you want to bargain you need to be ready to walk away.
August 11, 2009 at 8:25 AM #444131BGinRBParticipantYou can always present the findings and ask the seller compensate for the deficiencies you found. After all, you will have to disclose the issues when you try to sell the place and it will cost you. Some people will not purchase a house with cured structural issues.
In general, if you want to bargain you need to be ready to walk away.
August 11, 2009 at 8:25 AM #443793BGinRBParticipantYou can always present the findings and ask the seller compensate for the deficiencies you found. After all, you will have to disclose the issues when you try to sell the place and it will cost you. Some people will not purchase a house with cured structural issues.
In general, if you want to bargain you need to be ready to walk away.
August 11, 2009 at 8:25 AM #443597BGinRBParticipantYou can always present the findings and ask the seller compensate for the deficiencies you found. After all, you will have to disclose the issues when you try to sell the place and it will cost you. Some people will not purchase a house with cured structural issues.
In general, if you want to bargain you need to be ready to walk away.
August 11, 2009 at 8:25 AM #444199BGinRBParticipantYou can always present the findings and ask the seller compensate for the deficiencies you found. After all, you will have to disclose the issues when you try to sell the place and it will cost you. Some people will not purchase a house with cured structural issues.
In general, if you want to bargain you need to be ready to walk away.
August 11, 2009 at 9:25 PM #444374OxfordParticipant[quote=BGinRB]You can always present the findings and ask the seller compensate for the deficiencies you found. After all, you will have to disclose the issues when you try to sell the place and it will cost you. Some people will not purchase a house with cured structural issues.
In general, if you want to bargain you need to be ready to walk away.[/quote]
That is a big concern for me…the resale. I am also wondering about the appraiser for my loan. If he spots it, he might report that it needs to be repaired before they approve the loan. I ain’t paying that.
I am going to have to fill up the pool for the appraisal and hopefully it does NOT have to be circulating since the owner ripped out all the pumps, controllers panels, lights and electric wiring.
ox
…getting more bitter day-by-day
August 11, 2009 at 9:25 PM #444305OxfordParticipant[quote=BGinRB]You can always present the findings and ask the seller compensate for the deficiencies you found. After all, you will have to disclose the issues when you try to sell the place and it will cost you. Some people will not purchase a house with cured structural issues.
In general, if you want to bargain you need to be ready to walk away.[/quote]
That is a big concern for me…the resale. I am also wondering about the appraiser for my loan. If he spots it, he might report that it needs to be repaired before they approve the loan. I ain’t paying that.
I am going to have to fill up the pool for the appraisal and hopefully it does NOT have to be circulating since the owner ripped out all the pumps, controllers panels, lights and electric wiring.
ox
…getting more bitter day-by-day
August 11, 2009 at 9:25 PM #444552OxfordParticipant[quote=BGinRB]You can always present the findings and ask the seller compensate for the deficiencies you found. After all, you will have to disclose the issues when you try to sell the place and it will cost you. Some people will not purchase a house with cured structural issues.
In general, if you want to bargain you need to be ready to walk away.[/quote]
That is a big concern for me…the resale. I am also wondering about the appraiser for my loan. If he spots it, he might report that it needs to be repaired before they approve the loan. I ain’t paying that.
I am going to have to fill up the pool for the appraisal and hopefully it does NOT have to be circulating since the owner ripped out all the pumps, controllers panels, lights and electric wiring.
ox
…getting more bitter day-by-day
August 11, 2009 at 9:25 PM #443772OxfordParticipant[quote=BGinRB]You can always present the findings and ask the seller compensate for the deficiencies you found. After all, you will have to disclose the issues when you try to sell the place and it will cost you. Some people will not purchase a house with cured structural issues.
In general, if you want to bargain you need to be ready to walk away.[/quote]
That is a big concern for me…the resale. I am also wondering about the appraiser for my loan. If he spots it, he might report that it needs to be repaired before they approve the loan. I ain’t paying that.
I am going to have to fill up the pool for the appraisal and hopefully it does NOT have to be circulating since the owner ripped out all the pumps, controllers panels, lights and electric wiring.
ox
…getting more bitter day-by-day
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