my fiancee have be house hunting. we found a house that we both really like. the schedule price is $194,500. The realator found out the the house is actually a probate house. When we be in motion to make the proposal how low do you think we would know how to go. I hold researched online and websites have said that you can usually receive the house for 30%-50% below list price. If this is true how much would I hold out?
Answers: It all depends on how motivated is the hawker.
The more you can find out about the situation the greater the leverage.
If they call for money to pay taxes, dutiful, a battle over who get hold of what, not so good.
Dig deeper and unless you enjoy a "buyers" contract " with the Realtor they are other looking to 1). Close the deal, nobody get paid till a settlement is done ; 2). close the deal at the best price to maximize how much they get salaried; 3). close the deal, see above
They do not enjoy your best interests at heart.
Probates can take YEARS. Do not assume that it is if truth be told going to sell. It really depends on how lots heirs nearby are (they all enjoy to agree on your offer) and other factors of the will. Bulls earn money; Bears earn money.
Pigs grasp fat. Hogs [greedy folks] achieve slaughtered.
IF you really want want that home, you'll offer a price reasonable enough for the Seller and you to still grain like its a win-win situation.
In existing estate there are two exceptionally old expressions:
1] You [the Buyer] name the price.
They [the Seller] names the expressions.
You [the Buyer] names the lingo.
They [the Seller] names the price.
Somewhere contained by the middle there might be an agreement on price and jargon.
2] A property - any property - is ONLY worth what the Buyer is willing to take-home pay for it AND what the Seller is willing to trade it for - not one dollar more or less!
AND, when financing is involved, what the lender will appraise the property for and lend money for the mortgage.
THE ONLY bearing you're going to find out what the Seller's bottom line is, is to form a written offer on the property.
By the process: DON’T EVEN TRY naming the price AND the terms. it’s a total squander of time and very frustrating and aggravating.
Thanks for asking your Q! I enjoy answering it!
VTY,
Ron Berue
Yes, that is my legitimate last term!
Answers: It all depends on how motivated is the hawker.
The more you can find out about the situation the greater the leverage.
If they call for money to pay taxes, dutiful, a battle over who get hold of what, not so good.
Dig deeper and unless you enjoy a "buyers" contract " with the Realtor they are other looking to 1). Close the deal, nobody get paid till a settlement is done ; 2). close the deal at the best price to maximize how much they get salaried; 3). close the deal, see above
They do not enjoy your best interests at heart.
Probates can take YEARS. Do not assume that it is if truth be told going to sell. It really depends on how lots heirs nearby are (they all enjoy to agree on your offer) and other factors of the will. Bulls earn money; Bears earn money.
Pigs grasp fat. Hogs [greedy folks] achieve slaughtered.
IF you really want want that home, you'll offer a price reasonable enough for the Seller and you to still grain like its a win-win situation.
In existing estate there are two exceptionally old expressions:
1] You [the Buyer] name the price.
They [the Seller] names the expressions.
You [the Buyer] names the lingo.
They [the Seller] names the price.
Somewhere contained by the middle there might be an agreement on price and jargon.
2] A property - any property - is ONLY worth what the Buyer is willing to take-home pay for it AND what the Seller is willing to trade it for - not one dollar more or less!
AND, when financing is involved, what the lender will appraise the property for and lend money for the mortgage.
THE ONLY bearing you're going to find out what the Seller's bottom line is, is to form a written offer on the property.
By the process: DON’T EVEN TRY naming the price AND the terms. it’s a total squander of time and very frustrating and aggravating.
Thanks for asking your Q! I enjoy answering it!
VTY,
Ron Berue
Yes, that is my legitimate last term!