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Yea, I am double counting the commissions. Even if the house gets listed for 600 via a realtor I think offers would be in the 550 range. Take out the realtor fees and the seller is netting 520ish. That is what I think is reasonable and what I am prepared to offer.
why do you get the benefit of the seller not paying a real estate agent a commission. At the very least, that should be split. I think it's completely unrealistic to expect that 6% to inure solely to your side of the equation.
You seem to be stuck on comparing his house to yours. It doesn't sound like they are that comparable. It also does sound like the owner was right in his original price and you are just completely unwilling to accept it by making weird excuses about the appraiser.
Yea, I am double counting the commissions. Even if the house gets listed for 600 via a realtor I think offers would be in the 550 range. Take out the realtor fees and the seller is netting 520ish. That is what I think is reasonable and what I am prepared to offer.
This guy thinks his house is worth 600k. Your appraiser thinks the house is worth 580k. NO matter what the appraisal says or the comps say if he doesn't want to accept what you think the house is worth he doesn't have to. I doubt he will since you got an appraisal that supports his valuation and he hasn't put the house on the market to expose the house to people who may have a higher opinion of value.
Just make your offer include whatever info you want to and be done with it.
I don't want to come off as an ass here, but here it goes! My home is nothing short of beautiful, professionally decorated, Ethan and Allen furniture, 25K composite deck, over 65K in kitchen upgrades and a bathroom with a custom shower, tile work and marble. At 5600sq/ft it shows absolutely beautifully and needs absolutely nothing. Don't forget the custom blinds, shades and hardwood floors throughout the entire house. It's easily a 9.5/10 and everyone has said so from neighbors, realtors, etc.
This home I am looking at is pretty beat to be honest. Cheap kitchen upgrades from 5 years ago. Everything else is right from 1976 and shows poorly. It would be completely unreasonable to try and compare these two homes.
I am attracted to the smaller cozy feel of the home. The bills would be about 40% of what they are now and the flat 1acer lot is awesome. Everything is a trade off...
I really was expecting the appraisal to be about 525.
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