San Diego condo selling at $400K but now are accepting offers.. what should I start with?
540157
I would start at $375K
128678
This may sound stupid cause i have no clue as what you should do.But at the same time i just had a conversation with an attorney friend the other day and he had a condo out there and sold it to someone and a year later that someone sold it for triple the amount..\nSo keep it cause in the long run it will pay off..
559138
Definitely try to negotiate the price.  If they are not willing to negotiate on the base purchase price they will most likely be willing to negotiate the costs of extras.  And when it comes to tract homes, "everything" is extra.
625547
Having your business buy the property will cost you more because you will need a commercial mortgage with higher interest rates. It is easier to get mortgages that are for you personally, or for a multifamily with 4 units or less. Talk to a lender about this and they will give you a good sense of your options.\nIf I you have the means you might consider buying and renovating a house for yourself and moving every two years. Research you market carefully and put ion alot of sweat equity instead of capital. This way you get to pocket the entire profit without captial gains, as long as you declare it your primary residence. You can also look into doing a 1031 exchange if you live there for less than 2 years to delay the tax payments and use the money in your next acquisition.\nAnother path could be to buy a 3 or 4 family with a commercial mortgage and an LLC to protect youself, rent them, convert the whole building to condos, then renovate the units one at a time as tenants turnover happens and sell the condos indiviually if the market is good. Be sure to talk to the lending bank about your conversion plans before setting up the financing.\nI recommend a trip to the library and read as much as possible before doing anything. Others have done this before, and they share the experience through books.\nGood luck!!
137213
You will usually take as few as 15 days to as many as 45 days to close from the day you sign the agreement. So ideally you would make offers you expect to be accepted at 45 days from the move in date. You will then raise the offers them and tighten up the closing date as the deadline approaches if you have to move. Remember there is usually a day or two before it funds and you get the keys, or put in the offer you take possesion at closing. Otherwise it is at funding.\n\nYou should start getting comfortable with the market by looking on your own. You probably don't want to tie up your own agent for this long. So call the listing agent when you want to see inside a house. Otherwise just look at the prices and the paper and maybe drive by. Once you are ready to start making real offers within a month then get your agent lined up. You will even have several that you already talked to and you might like.\n\nAnother option is to start making lowball offers in the mean time and see if any get accepted. My wife and I started looking in Jan a few years ago and made offers 15% below the listed price if it was a very reasonable price, and as much as 20-25% if it was inflated for a big sell. (you can use www.zillow.com to help with valuation, but it isnt perfect remember). It took 8 offers (7 rejections) and we moved in in July to a house that was appraised for 10% more than we paid! Just tell your agent what the plan is so she isn't surprised when you don't come up to reasonable offers. You might even consider springing for lunch once in a while since you are really making her work hard.\n\nMake sure you can afford to have the house early if you get it, otherwise you might not want to try that.\n\nGood luck
33208
I would start now.  It is a good idea to keep an eye on the market before you ACTUALLY are going to go for it. \n\nWe just did this - We sold our old house.  (We started looking at homes in end of May beginning June.  We saw a few we like and ALOT that weren't exactly what we were looking for.  they needed too much tweeking so we kept looking.   \n\nIn July we put in an offer - they didn't take it.  So we moved on.  Then in August we put in another offer and they wanted to go too high so we moved on.  Then we finally found the house we are in and it was September that we put the offer in.  We closed on the house and moved in - in Oct  (three months ago)  We had time to really look and not feel rushed and also to know that we were getting a good deal.  If you aren't activly looking  ( I mean every single weekend) and watching your local market where you want to buy into - every single day - you won't be as prepared to buy.  So I say now is the perfect time to start looking.  Just don't jump on the first thing that comes along - be patient - Sometimes you have to let a few deals go to see what is really ment to be.  \n\nGreat site to watch the MLS  (multiple listings service)  is Zip realty.  they are free - you just have to sign up, they give you a few info emails - but the rest of the time you can hang out on that site and just watch all the houses in your area of search.   You can save specific searches in your "My zip" area and go to them each day to see what new houses are on the market and if any have lowered their asking prices.  It is invaluable!! \n\nI litterally logged onto my "Myzip" every single day for July, August & September - It was probably the most useful tool.\n\nBTW - We didn't use a realestate agent either.  We watched the listings ourself and called to make our own appointments.  We never used the zip realty guy that was in our area.  You don't have to if you don't want to.
456781
Please don't go the "cheesy" route; IE: DITECH\n\n   Your business depends on a client base that is in need of housing certainly, but more important than that perhaps is,,, how active is the "Market" in your area?\n\n   Have you linked up/networked with any well established, possibly return customer, Realtors?\n\n   I enjoy investing in Real Estate, and/or at least constantly shopping it and any options for buying. I don't know the lattitudes you are able to offer as a Mortgage Broker however. Do you own the business? Is it already a well established business? Is it in a decent location?\n\n   Again, I don't know your allowable range of options within the framework of the business, but you might look into offering as many options to buyers as exist,,, IE: SHIP, etc. It may also serve you to offer a customer a referral to another type of lender once in awhile, depending on your ability to loan to them, or their abilities to get a loan.\n\n   Certainly you can do balloons and flyers, radio spots, TV, change the "CURB APPEAL" of your office, change the signing, advertise more extensively in the Yellow pages, hire some clown in a themed suit to stand outside,,,NOT,,,LOL.\n\n   Networking with other brokers and especially with Realtors, who in turn might recommend you to prospectives, might be the better way to go.\n\n   There is no fear that I can see, that the market is going to fall apart anytime soon,,,even with over escalation of prices,,,and no matter that, there isn't anymore land,,, per say.\n\nRev. Steven
808280
My house has been on the market in Michigan for 1 1/2 yrs. I don't anticipate it selling any time soon as the market in this area is very slow right now. We just dropped the price $10,000 (it was already priced below appraisal) and still no nibbles. The only offers we have had were between 40,000 and 50,000 below the asking price (even after the price drop). Even at what we are asking now it is more than a bargain (it's a newer build on 10 acres). I am trying to talk my ex into letting me list it myself (it was written into the separation agreement that a certain realtor had to list it) so that I can drop the price another couple of thousand but still walk away without owing money on it.
805539
IMO you need to continue to research your real estate market carefully and for some months longer.  There are strong signs of weakening of RE markets throughout the country, and prices are already dropping in some locations.  In other locations, marketers are postponing the inevitable by offering incentives (discounted fees and interest, upgrades and other freebies) instead of actually lowering the sales price of a home, but these gimmicks are the same thing as lowering the price--it just doesn't look like it on the sales contract.  Traditionally, condos lose the most value in a price slump, so there is a good chance you could be upside-down in your mortgage in a year or two if you buy now.  \n\nDo not expect any real estate agent, or anybody who works in banking or real estate, to tell you that the market is weakening--it is against their financial interests to do so.  The more money they can get you to pay for a home, the more money they make in commissions, fees and interest payments.  You need to do your homework on your own, using resources that have no financial ties to the real-estate world.  Try the economics blog I've linked below, and go from there.  \n\nYou can also look at zillow.com and get a sense of home values.  But again, since zillow.com gets advertising revenue from real estate agents, the info there can't be trusted 100%.  But it does show that even my home has lost value (about 15%) this year.
36196
The sky's the limit. Realtor's must present every offer that's received, even verbal ones.  But that doesn't mean that they can't talk down an offer by encouraging the seller to keep taking offers.\n\nYou might be surprised.  A seller listing their house for $492K just might sell it for $350K.  They might be desperate...or they were just "reaching" when they posted the $492K price in the first place.\n\nThe market is set by YOU.  What the BUYERS are willing to pay.  So don't let any price intimidate you.  You're the real guage for the selling price of a home.
918499
You are in idiot.  You are acting like you have a solid asset for sale.  I would rather buy an apartment building that was built on quick sand, and built on a fault line and built in a hurricane zone.  To me that seems like a more solid asset.\n\nGood luck.
744917
It all depends on the market value of the property. I see properties all the time listed 10-15% over market. In a situation like this I would not even make an offer because it shows the owner is unreasonable. If the asking price near market value I would offer 5-10% lower. If the asking price is way below then I would offer 1-3% lower and if they insist on full price then I would pay full price.\nIn your situation I would negotiate for a lower price. If other properties have taken a year to sell then obviously the market is softening so I would be a little cautious in paying the full asking price.
770803
Contact me with the MLS number or address, I might have a buyer for you. I am a licensed real estate agent in Orange County and I work with investors who are looking for great deals in today's market.\n\nRegards
727067
High risk low reward.\n\nYou will have to draw up some hefty condominium documents (two or four owners can't be permitted to vote on much too many tie votes) to handle all of the day to day operations of the common elements owned by the association.\n\nYou would find better investments with larger complexes that will be easier to convert.
1091650
The best option for you would be to find others with 30k to invest and see about setting up a REIT (real estate investment trust). Think about it, get 10 people together and now you've got 300k to work with. At that point, you can put the money down on a strip mall, apt complex, etc... Commercial real estate is very lucrative and often you will walk in cash positive. In fact, you can't buy the place (conventionally) unless you are cash positive. You get to see the previous owners 3yrs of financial records to tell you if it's going to yeild you a return or not and so on.
83713
Need more answers here.\n\nIs it on the market with a Realtor, or are you selling 'by owner'?  West Texas from what I've been told isn't a high turnover market, so if you're not listed, I would HIGHLY consider it.  Being on the Multiple Listing Service gets it noticed by the people that actually have buyers in their cars looking for homes.\n\nAlso, VERY important to make sure your price is in line with the market.  If you haven't already done so, get a CMA (comparative market analysis) from an agent.  Most will provide this free of charge.  If there is a huge difference between their analysis and where you've got it priced, you might be overpriced.  Nothing will stop a house from selling more than being overpriced.\n\nGood luck.  If you have any questions, feel free to email me at rodbaker@fwrealtor.com
1173
You might get a better deal on a condo... here are some links:\n\nhttp://vacationhomes.com/city_search.cfm?l=874