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BillDing

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Reply with quote  #101 
Quote:
Originally Posted by RubberStamp

I'll take it one step further.  If you see it was a conventional loan and they have a certain amount of concessions and the home closed.  Guess what?  It's allowable. 

Of course it's allowable. It's allowable to throw in a boat as a gift. However, it doesn't mean that it's worth all that by itself.

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Nomad

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Reply with quote  #102 
I usually negotiate the deal on a net basis and then if my client needs help w/ closing costs etc., I'll just raise the price by that amount.  I've never had a seller care since they are going to net the same amount.  
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Meatloaf

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Reply with quote  #103 
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Originally Posted by Nomad
I usually negotiate the deal on a net basis and then if my client needs help w/ closing costs etc., I'll just raise the price by that amount.  I've never had a seller care since they are going to net the same amount.  


what happens to the buyer when the seller says NO.  God forbid.

Some sellers simply refuse...

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BillDing

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Reply with quote  #104 
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Originally Posted by Meatloaf

what happens to the buyer when the seller says NO.  God forbid.
Some sellers simply refuse...


Never found that to be true, unless they're getting something back in return for the concessions, like my example. Just saying no would be a seller that doesn't fit the description of the seller in the definition of market value and you would go with the typical market reaction of the typical seller, who would say yes.

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Meatloaf

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Reply with quote  #105 
There is a subdivision in my area where it is well known that the seller always 100% refuses any concessions.

Doesn't want a s/d full of poor people barely struggling to afford to cut the grass i guess.

BTW.. Highest price/sf in the whole area.

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