Forum Replies Created
-
AuthorPosts
-
SD Realtor
ParticipantNational Stablization Program. These are usually funds for buyers purchasing in low income areas. Some banks require that REO homes consider NSP offers first and foremost along with other potential types of buyers such as non profits.
I have seen REOs with offer guidelines like this so it is not out of the ordinary.
I would agree that offering significantly under the list price will get you nowhere. If the home had been on the market awhile then yes.
Lepetit you have to understand that with the poor inventory out there, if you are going to lowball you need to pick and choose. Lowballing something that has been on the market 2 days is not going to work. Now if it has been on the market a few months, then that is a different story.
ParticipantNational Stablization Program. These are usually funds for buyers purchasing in low income areas. Some banks require that REO homes consider NSP offers first and foremost along with other potential types of buyers such as non profits.
I have seen REOs with offer guidelines like this so it is not out of the ordinary.
I would agree that offering significantly under the list price will get you nowhere. If the home had been on the market awhile then yes.
Lepetit you have to understand that with the poor inventory out there, if you are going to lowball you need to pick and choose. Lowballing something that has been on the market 2 days is not going to work. Now if it has been on the market a few months, then that is a different story.
ParticipantNational Stablization Program. These are usually funds for buyers purchasing in low income areas. Some banks require that REO homes consider NSP offers first and foremost along with other potential types of buyers such as non profits.
I have seen REOs with offer guidelines like this so it is not out of the ordinary.
I would agree that offering significantly under the list price will get you nowhere. If the home had been on the market awhile then yes.
Lepetit you have to understand that with the poor inventory out there, if you are going to lowball you need to pick and choose. Lowballing something that has been on the market 2 days is not going to work. Now if it has been on the market a few months, then that is a different story.
ParticipantDefinitely agree with you on both statements!
ParticipantDefinitely agree with you on both statements!
ParticipantDefinitely agree with you on both statements!
ParticipantDefinitely agree with you on both statements!
ParticipantDefinitely agree with you on both statements!
ParticipantYes Arraya. Better for Iran to tell everyone else not to crush protestors. Ironic how they deal with their own protests.
ParticipantYes Arraya. Better for Iran to tell everyone else not to crush protestors. Ironic how they deal with their own protests.
ParticipantYes Arraya. Better for Iran to tell everyone else not to crush protestors. Ironic how they deal with their own protests.
ParticipantYes Arraya. Better for Iran to tell everyone else not to crush protestors. Ironic how they deal with their own protests.
ParticipantYes Arraya. Better for Iran to tell everyone else not to crush protestors. Ironic how they deal with their own protests.
ParticipantTo jump in quickly, it is best for you to call your agent directly as advised above and let him/her know how you feel. The questions you posed, especially regarding the contingencies are important. Moreover you should be telling the agent you feel as if you have no clue of what is going on, what is going to happen next, when it is going to happen, and you are concerned because you are spending alot of money on this home.
As a side note, (as a buyer) I would have expressed concern the minute you were advised not to get a physical inspection. Now I have had many a transaction (as I am sure all of the other realtors on this board have had) where all parties knew ahead of time that the sellers were not gonna kick in any money for any repairs however to not inspect at all is foolish.
As for the contingencies, generally you need to remove them in writing and if you have not signed anything then that bodes well for you. There could be an argument for an implicit removal. To be very safe you may want to sign an extension of the contingency period to cover yourself so that all parties acknowledge in writing that the contingency peridod was extended.
-
AuthorPosts
