Tips for Getting a Lowball Offer ACCEPTED!

author Andrew Finney Team   9 мес. назад
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Buying a House (Knowing When to Walk Away!)

In today's real estate faq's video you'll learn about buying a house and knowing when to walk away! Of course, you should absolutely be committed to following through and committed to the house you write an offer on. That being said, sometimes things pop up unexpectedly with a house during the closing process. (i.e. home inspection, low appraisal, etc...) So a great question to answer beforehand is how to know when to walk away from buying a house. Know when to walk from a house negotiation now will actually help you look a bit closer at the homes you like best are considering making an offer on. By knowing what to look for and questions to consider prior to making an offer you'll be able to know the answer to the question, "can you get out of a home purchase agreement." Again, I'll stress the importance of being committed to the offer and not looking for ways to get out of purchase agreement simply because someone becomes wishy washy. In many of the videos I've made for buyers from how to make an offer to what is escrow, etc... I share it IS NOT prudent to remove contingencies when buying a home. (i.e. home inspection, appraisal, financing, etc...) Here's why... What happens if you need the inspection contingency walk away clause to get out of the contract if the home inspection uncovers nightmarish issues with the roof, foundation, or other major issues. We're not talking about the obvious little things which normally comprises the majority of a home inspection report like: crack in stucco, needs paint, socket not working, leaky faucet, etc... All of that stuff is simply normal home maintenance issues and doesn't cost a lot to fix. We're talking when something really isn't right and you may not be able to fix it even if you wanted to after closing. Know when to walk away from a house after inspection will save you much drama later on in the closing process. We're also talking about a low appraisal situation when you may want to come to the price or meet in the middle but simply may not have the financial wherewithal to do so if the seller either does not have the range to sell for the appraised value or is foolishly greedy and doesn't budge off the price. Then what? Both cases highlight the importance of having an appraisal contingency in place. To get the most of this video, watch it start to finish and share your questions & comments, about when to walk a way from a home purchase with our community below. Thank you. To get honest information the next time you're buying a home or selling a house contact a great local trusted real estate advisor. If you want help finding one of the best real estate agents in the nation, a CRS please let me know. I'm here to help! If you want to know more about Las Vegas real estate, please let me know. I'm happy to help! Thank you for watching! =) Enjoy an amazing day! -Your Real Estate Geek, Andrew Finney Contact info: Andrew Finney USMC Combat Veteran/ Real Estate Consultant License #S.0173260 Call/ Text: 702-710-0287 Email: Andrew@AndrewFinneyTeam.com https://www.andrewfinneyteam.com/ BHHS, Nevada Properties 7475 W. Sahara Ave. Suite 100 Las Vegas, NV 89117 Designations- Certified Residential Specialist (CRS) Accredited Buyer's Representative (ABR) Sellers Representative Specialist (SRS) Certifications- Military Relocation Professional (MRP) Awesome Music Courtesy of: Song: Syn Cole - Feel Good [NCS Release] Music provided by NoCopyRightSounds. Video Link: https://www.youtube.com/watch?v=q1ULJ92aldE Download this track for FREE: http://bit.ly/SynColeFeelGoodDL

Three negotiating tips for real estate deals

Attorney William Bronchick (http://www.legalwiz.com) discusses three important negotiating ideas on real estate deals

Top 15 Home Renovations that ADD VALUE!

In today's homeowner tips episode you'll learn the top 15 home renovations that ADD VALUE! **FInd out what the home renovations that add the most value are by watching the full video. Thank You!** When we bought our home we envisioned doing wonderful home renovation projects that would make our homes more grand than the Taj Mahal! Be honest here... We all have our home improvement wishlist! Let's not get caught up into our own fairy tale's too much... Let's be smart about which home renovations add to our home value. I would like to give props and cred to the inspiration for this video. It was inspired by a home renovations HGTV article on their website. What I liked most about that article is it broke down the actual return on investment for top renovations that add value. You check it out here: https://www.hgtv.com/design/real-estate/top-home-updates-that-pay-off-pictures Share your favorite parts of this video along with your savvy renovations tips with us in the comments section below. Thank you! Tune in next Friday at 10am for a new homeowner tips episode! Be in the know, Subscribe now! Want to know more about Las Vegas real estate or the home renovations that pay in Las Vegas? Send me a message, I'm here to help! Thank you for watching! =) Enjoy an amazing day! -Your Real Estate Geek, Andrew Finney Contact info: Andrew Finney USMC Combat Veteran/ Trusted Real Estate Advisor License #S.0173260 Call/ Text: 702-710-0287 Email: Andrew@AndrewFinneyTeam.com https://www.andrewfinneyteam.com/ BHHS, Nevada Properties 7475 W. Sahara Ave. Suite 100 Las Vegas, NV 89117 Designations- Certified Residential Specialist (CRS) Accredited Buyer's Representative (ABR) Sellers Representative Specialist (SRS) Certifications- Military Relocation Professional (MRP) Creative Commons Attributions: Song: Syn Cole - Feel Good [NCS Release] Music provided by NoCopyRightSounds. Video Link: https://www.youtube.com/watch?v=q1ULJ92aldE Download this track for FREE: http://bit.ly/SynColeFeelGoodDL

8 Things Not to Say When Buying a House!

In today's home buying tips video you'll learn 8 things not to say when buying a house! Buying a house in Las Vegas: https://www.andrewfinneyteam.com/buyers/ It probably goes without saying but buying a house is a big deal. Once you've decide when buying a house makes sense for your situation you should know the truth about home buying mistakes to avoid. Here's a list of what not to say when buying a house and some of the biggest common home buying mistakes people make when their hunting for their new home. 1. This my dream house! a. Generally, an excited first time home buyer will very happily make tell a seller this and while it seems innocent enough, your new place could cost you $$$$. Best to keep this comment to yourself and your buyer's agent. 2. Your furniture sucks! a. lol... Seriously, this happens every day across our great country! Talk about huge real estate mistakes! So what if the seller's furnishings are hideous in your assessment... Don't share it unless you want a difficult negotiation that won't go in your favor. 3. I can afford to pay... a. Telling the listing agent or seller how much you can pay for their home opens you up for the seller wanting more money from you in a many cases. Stick to the home buying advice in this video and steer clear of this one. 4. I'm looking forward to getting rid of that! a. Telling a seller what you wan to do to their house. Yes, their house... Remember, they currently own it and even if your offer is accepted, telling a seller about your plans to change things could cause offense and strain negotiations. 5. Why are you selling? a. Seems like an innocent question, right? Here's the deal, asking someone you don't know about why they want to sell will instantly put the other person on the defensive! When buying a home it's best not to ask this question. Ask your buyer's agent to see if they can find out. That's one of the many reason he/ she is there for you! 6. So, what's it really like to live here? a. This is another question that will put a seller on the defense and like produce anxiety. Why? Because it's loaded question since it's so subjective. What their idea and your idea of what it's like to live in any place is likely very different. 7. Your price is too high and you'll never get it! a. Staring to see the home buying trends here? A little common sense with some simply human courtesy and respect will go along ways to help you secure your new dream home. Saying this to a seller will destroy any good will that may otherwise have been part of the negotiation strategy especially if you are asking for seller concessions. 8. I'll make a low-ball offer if you accept. a. LOL! Yeah, ok... Would you accept a low ball offer if you were selling a home? Probably not, right!? Don't delude yourself into thinking anyone is going under market value relative to the property condition in any market. What advice do you have to about how to to buy a house and home buying mistakes to avoid? Tell us in the comments section below. Have a question? Please feel free to share them in the comments section below or send me a message. If you want help finding one of the best real estate agents in the nation, a CRS please let me know. I'm here to help! Want more info about how to buy a house or simply want to know more about Las Vegas real estate, please let me know. I'm happy to help. If you live in or are planning a move to Las Vegas, NV and want to know what it takes to be successful when buying a house in Las Vegas, call or email me. Thank you for watching! =) Enjoy an amazing day! -Your Real Estate Geek, Andrew Finney Contact info: Andrew Finney USMC Combat Veteran/ Real Estate Consultant License #S.0173260 Call/ Text: 702-710-0287 Email: Andrew@AndrewFinneyTeam.com https://www.andrewfinneyteam.com/ BHHS, Nevada Properties 7475 W. Sahara Ave. Suite 100 Las Vegas, NV 89117 Designations- Certified Residential Specialist (CRS) Accredited Buyer's Representative (ABR) Sellers Representative Specialist (SRS) Certifications- Military Relocation Professional (MRP) Awesome Music Courtesy of: Song: Syn Cole - Feel Good [NCS Release] Music provided by NoCopyRightSounds. Video Link: https://www.youtube.com/watch?v=q1ULJ92aldE Download this track for FREE: http://bit.ly/SynColeFeelGoodDL

7 Things NOT To Tell A Real Estate Agent (Ep125)

When buying a property sometimes it can pay to keep a little something up your sleeve. Telling the real estate agent too much information can cause you to pay a higher price for a property and put you in a situation where you don’t have the maximum negotiating power that you could have. Today i’m going to look at 7 things NOT to tell a real estate agent so you can make sure that you’re in the best position when it comes time to negotiate. So what are things that we don’t want to tell our real estate agent or keep hidden away when it comes time to buying a property? ------------------------------------------- http://onproperty.com.au/125 - View the full transcription and audio version of this episode. http://onproperty.com.au/free - See real positive cash flow property listings

In today's real estate FAQ's episode you'll learn tips for getting a lowball offer accepted!

Let's begin with some basic how to buy a house questions that come up frequently.

Nearly every buyer always asks, "can I offer less money for the house," when they are ready to write an offer.

When buying a house, the list price and terms of the contract are negotiable. To weigh the odds of what is considered a lowball offer on a house, begin with understanding if the current market is a: sellers market, buyers market, or balanced market. Depending on the type of market will determine the likelihood of getting an offer accepted on a house, especially one quite a bit under list price.

The next question that usually pops up is, "how much should I offer on a house below asking price?" That's a great question! Real estate lowball offer mistakes occur when a buyer first doesn't understand the current market conditions and trends. Working with a savvy buyer agent, when a home buyer gets ready to write an offer, the agent will double check value. If higher than reasonable then the offer should be less than asking price. If the list price and valuations check out, then it's matter of motivation on behalf of the seller and the market conditions. (i.e. are multiple bids occuring? how long has the house been on the market?)

So, how to make lowball offers on a home successfully? First, understand the market conditions. (Yes, I'm driving this point home because it's critical to your success!) Next up, find the homes with the longest days on market that you like best. Next, schedule with your trusted real estate advisor to check them out asking your agent to "comp" the property before viewing the home. Ask your real estate agent if the home is overpriced, underpriced, or at the right list price. Chances are, if a home has a many days on the market over the average in your area, the price isn't right and the seller must come down if they hope to sell.

So, what percentage is considered a lowball offer. If the home is priced correctly, anywhere from 3%- 5% under list will definitely be low. If the home is overpriced then anywhere from 7%- 10%+ will be considered a lowball offer.

Here's the deal... In practice, me and my teammates have assisted home buyers get as much as 15% off the list price on occasion even in a seller's market. While it's certainly not the norm, every property, buyer, and seller thus negotiations are unique.

To balance that fact, if a buyer wants to consistently be unreasonable by making lowball offers on correctly priced homes or underpriced homes and not listen to the prudent counsel or learn how to make a successful offer, then I will consider the buyer unmotivated to buy a house and simply fire the client.

Please understand that when real estate agent's represent home buyers, we are looking out for your best interest and will assist you in getting the deal possible for the current market on both price and terms that help you get the home you want. Depending on your motivation to get the house, days on market, price, and market conditions, terms needed (i.e. buyer closing costs, home warranty, etc...) will determine the best way to make an offer on a house.

Be realistic, be smart, and listen to your trusted real estate advisor whether you'll be able to get your lowball offer accepted or not. Sometimes it does work out.

To get the most of this video, watch it start to finish and share your questions & comments, about when to walk a way from a home purchase with our community below. Thank you.

To get honest information the next time you're buying a home or selling a house contact a great local trusted real estate advisor.

If you want help finding one of the best real estate agents in the nation, a CRS please let me know. I'm here to help!

If you want to know more about Las Vegas real estate or buying a home in Las Vegas, please let me know. I'm happy to help!

Thank you for watching! =)

Enjoy an amazing day!
-Your Real Estate Geek, Andrew Finney

Contact info:
Andrew Finney
USMC Combat Veteran/ Real Estate Consultant
License #S.0173260

Call/ Text: 702-710-0287
Email: Andrew@AndrewFinneyTeam.com
https://www.andrewfinneyteam.com/

BHHS, Nevada Properties
7475 W. Sahara Ave. Suite 100
Las Vegas, NV 89117

Designations-
Certified Residential Specialist (CRS)
Accredited Buyer's Representative (ABR)
Sellers Representative Specialist (SRS)
Certifications-
Military Relocation Professional (MRP)

Awesome Music Courtesy of:
Song: Syn Cole - Feel Good [NCS Release]
Music provided by NoCopyRightSounds.
Video Link: https://www.youtube.com/watch?v=q1ULJ92aldE
Download this track for FREE: http://bit.ly/SynColeFeelGoodDL

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