you need a new agent.

6/28/2012 11:54:22 AM

tell your agent you will find a new agent
and then see how quickly your agent starts fighting for you for $275K.

6/28/2012 12:08:12 PM

My agent never tells me how she fights for my offer. She just keeps telling me the seller's agent is very firm on the price and have bunch of other offers. It drives me worried about my offer and makes me add more money.





[Edited on June 28, 2012 at 12:36 PM. Reason : grammar]

6/28/2012 12:33:43 PM

A seller's agent will often claim they have multiple offers to try and convince you to take their offer. Doesn't mean it's true.

6/28/2012 12:34:42 PM

Certainly the price will fall after a month if there aren't other offers.

6/28/2012 12:40:23 PM

I don't know how desperate you are for this house or your timeframe but your options are:

1) Pay the $7K more if you want to close now and put this behind you and concentrate on the baby. I'm sure you/your wife can make that $7K back in your lifetime.

2) Be firm on $275K and walk away. You can see how quickly the seller becomes flexible or you can see how much harder your agent will fight for you.

3) Meet in between and offer $278K as final offer. And stand firm.

It's all in the art of negotiations. I personally would choose #2. This is a buyers market and the house you are looking at is nothing special.

6/28/2012 12:48:48 PM

btw, who is your agent so I'll be sure never to refer him/her.

6/28/2012 12:49:58 PM

Again, your agent can't do much about a seller's firm price.

The seller's may not have cash on hand and need to sell above a certain price to cover their mortgage or obtain a new mortgage.

1 month on the market is not a long time, especially in this economy. I wouldn't expect a list price drop until 5-6 months in, unless for some reason the sellers get/are desperate.

Provide your best offer now; if they decline, then walk away.

Quote :

"My agent never tells me how she fights for my offer. She just keeps telling me the seller's agent is very firm on the price and have bunch of other offers. It drives me worried about my offer and makes me add more money."

What do you want your agent to tell you?

"I gave them the offer, they say no, how about $xxx, I said my client won't do that, $xxx is his offer, they said no." End of story.

[Edited on June 28, 2012 at 1:12 PM. Reason : .]

6/28/2012 1:08:00 PM

^ Exactly. After only a month the seller's are still in optimism mode. Now if you were bidding on a house that's been on the market for a year? Bet you'd find them come down to your price without too much effort.

6/28/2012 1:10:33 PM

Is your existing property ready to sell/already on the market?

[Edited on June 28, 2012 at 1:15 PM. Reason : I gotta spend like 10-15k to get this place sold, I'm sure. ]

6/28/2012 1:13:44 PM

^ I rent my home now.
^^ and ^^^, I have a very disgusting negotiation. I have raise my price to 280k, which is my best offer, and they won't lose 2k to go down.
My search criteria includes east Cary, but no appropriate ones.

6/28/2012 1:27:06 PM

So you were lying in the jobs thread. Nice.

6/28/2012 1:34:34 PM

if you really want this house, and it's still a good deal, then go up $2k. That's like $10/month on a good mortgage.



[Edited on June 28, 2012 at 1:40 PM. Reason : K]

6/28/2012 1:34:40 PM

^^^ It's entirely possible that they'd be upside-down below 282K, so it is what it is. You could confirm that though.

Otherwise, you're getting hung up on an extra .7%. You said you got them down from 300K, what more do you want?

[Edited on June 28, 2012 at 1:38 PM. Reason : ...]

6/28/2012 1:36:52 PM

You might as well roll over and piss on yourself as well.

^ In the jobs thread he talked about having a nice house, which he clearly doesn't yet.

6/28/2012 1:37:35 PM

^^ I'm going to own it. But not owning it. Is that what u r talking about?

6/28/2012 1:37:35 PM

Quote :

"My search criteria includes east Cary, but no appropriate ones."

What is it you are looking for in a house? Number of bedrooms? Garage? Deck? Fenced yard? I bet TWW could find you 10 houses in your price range faster than your agent has

6/28/2012 1:38:36 PM

Quote :

"I'm going to own it. But not owning it. Is that what u r talking about?"

What does that even mean?

6/28/2012 1:38:47 PM

But why waste your time helping this guy? He will just tell you how dumb you are and how rich he thinks he is.

6/28/2012 1:39:55 PM

I just find it an interesting thread. Trying to understand why he's so hung up on an extra 2K after getting them to back down 18K.

6/28/2012 1:40:56 PM

I haven't seen him call anyone dumb in this thread. He just seems to think he's under a time crunch to close on a house he's getting ripped off on lol.

6/28/2012 1:41:15 PM

^^^Some guys in that thread make me mad, and you are making me mad too.

[Edited on June 28, 2012 at 1:42 PM. Reason : make it clear]

6/28/2012 1:41:27 PM

Quote :

"to close on a house he's getting ripped off on lol"

Ripped off because it's a $280K+ house in Morrisville?

6/28/2012 1:42:26 PM

^^^ But my friend bought a house in the same district with 268k, a little smaller though.

6/28/2012 1:43:49 PM

Don't make shoot mad. You won't like him when he's mad.

6/28/2012 1:44:12 PM

^^^ Yep! For that kind of money I'd want to buy a house where I could at least walk to a shopping center or something.

6/28/2012 1:45:33 PM

Quote :

"But my friend bought a house in the same district with 268k, a little smaller though."

OK, I just saw where you posted a link to the house earlier in the thread. Tax records say the guy paid $320K 4 years ago. Dude is almost certainly underwater at $282K. If you want the house so bad and will go up that high, get it. I doubt the seller will go lower when turning the keys in to the bank is a viable option.

[Edited on June 28, 2012 at 1:46 PM. Reason : ...]

6/28/2012 1:45:58 PM

^ding ding ding.

6/28/2012 1:48:12 PM

walk away....you don't need to be paying for the seller's own mistake in overpaying and now being underwater

6/28/2012 1:50:26 PM

^yep. if other homes in the area are selling way below value, then don't over pay.

You need to look at a comparative market sheet and determine SP/LP (sale price/list price) and be in line with those. Coupled with that, you need to see the sales history of these homes to determine how much they've lost in value.

[Edited on June 28, 2012 at 1:54 PM. Reason : .]

6/28/2012 1:51:52 PM

Yes, he wants to get compensated.

6/28/2012 1:52:18 PM

He doesn't seem to understand that overpaying $20k is a problem.

When we get a contract on a place I'll be sure to post it here for comparison.

6/28/2012 1:53:00 PM

Tax records show the most recent comp is 207 Oswego Ct, 2568 sq foot paid $268,000 on 12/23/11. Seems like very similar house/sq footage in the same neighborhood. So you are already over-offering.

The smart buyers who paid $268K are also Chinese. So don't be the chinese who overpays, when your brethrens are paying less! LOL.

http://services.wakegov.com/realestate/Account.asp?id=0363168&cd=01&loc=207++OSWEGO+CT&des=LO50+MCCRIMMON+AT+THE+PARK+PH2+BM2007%2D01549&pin=0745092220

[Edited on June 28, 2012 at 1:59 PM. Reason : k]

6/28/2012 1:58:33 PM

That's my friends. Their house was returned to market, not directly sold out. But I always use it as a standard. And our agent is through their recommendation, because they used her and got a deal.

6/28/2012 2:05:08 PM

Quote :

"What is it you are looking for in a house? Number of bedrooms? Garage? Deck? Fenced yard?"

6/28/2012 2:05:38 PM

I need 3 to 4 bedrooms, 2 to 3 bathrooms, garage and lot.

6/28/2012 2:08:31 PM

LOL, wait when he pays 282k for this house and the appraisal comes back at a lower price, then real fun of house buying begins.

6/28/2012 6:25:33 PM

Signed the deal for 282k. The seller raised to 285k before getting it down. He really liked the house.

[Edited on July 7, 2012 at 8:10 PM. Reason : grammar]

7/7/2012 7:42:43 PM

Does he have to bring money to sell it?

7/8/2012 12:35:26 AM

I'm curious to know what the appraisal comes back as.

7/8/2012 8:47:50 AM

^^ What do you mean bringing money?

7/8/2012 9:12:30 AM

To make up the difference of what he owes on the loan.

7/8/2012 9:16:21 AM

I've been reading these posts in a chinese voice in my head. it made it more entertaining.


asians are loyal to their systems, and when they want something doesn't matter if it sucks.

americans want low low low monthly price, god and country.


didn't say it was right..but they do.

7/8/2012 9:30:24 AM

Just find out the house had a severe water damage before, which cost the insurance company 20k.

7/8/2012 11:28:43 AM

How does someone without a job buy a $282K house?

7/8/2012 11:32:42 AM

Gonna get one soon, man. I promise you.

[Edited on July 8, 2012 at 11:45 AM. Reason : add another note]

7/8/2012 11:45:28 AM

Yeah, I'm still not sure why you are buying a house without a job.

7/8/2012 1:26:40 PM

Y'all niggas is posting in an alias thread.

7/8/2012 1:59:52 PM

I dont know if you are still looking for a place but there is a townhouse near where I live that is for sale.

http://www.realtor.com/realestateandhomes-detail/5203-Malik-Dr_Durham_NC_27703_M60494-21603

Its technically in Durham but very very close to Brier Creek and RTP. 3 bedroom, 3 bath for $137,500

7/8/2012 2:12:06 PM

Quote :

"How does someone without a job buy a $282K house?"

Wife is the breadwinner.

7/8/2012 4:34:46 PM