Put a real low offer in on a home today

Enfuego · Jul 22, 2010

Current owners bought it at a foreclosure auction. They are an investment group so it's empty right now. We offered around 40K less than the list price plus the owner must pay closing costs.

These guys are still set to make around 50K if they sell. Not bad for a two-month investment. This is one reason we actually think they may consider the deal.

Wish us luck.

shdw01 · Jul 22, 2010

gl

i just put an offer in on a home asking $699,500.....my offer went in for $695k and I don't think i'm gonna get it.....wish me luck too...they are meeting tomorrow at 5pm to decide which offer they will accept (I know they had 3 as of yesterday morning)

Enfuego · Jul 22, 2010

shdw01 said:
gl

i just put an offer in on a home asking $699,500.....my offer went in for $695k and I don't think i'm gonna get it.....wish me luck too...they are meeting tomorrow at 5pm to decide which offer they will accept (I know they had 3 as of yesterday morning)

Shadow, what in god's green earth do you do for a living? Good lord.

SportSavant · Jul 22, 2010

he lives in hawaii, prices are similar in Toronto and Vancouver

djefferis · Jul 23, 2010

G/l to both of you.

In process of closing myself on a new place.

Funny how real estate is so regionally different price wise, anything 300k plus in Ohio is luxury. Of course few reasons to want to live here and unemployment is killing prices.

God real estate is such a pain in the ass, all the back and forth negot and then packing and moving.

FearTheRaven · Jul 23, 2010

its weird how much real estate varies from state to state.

300k here in MD may get you a nice townhouse.

bigbet1234 · Jul 23, 2010

700K? What does that get ya? Not much in HI I guess. What do wal-mart greeters make there? $15 hr?

BillyHoyle · Jul 23, 2010

bigbet1234 said:
700K? What does that get ya? Not much in HI I guess

depends on da island bruddah...NON JUDICIAL foreclosures in HI have boomed the last couples of years...many investments groups have attacked the 5 islands...aggressively attacking the market...still can find a good deal, considering the whole foreclosure process is still very, very NEW to the locals...(NJ foreclosure process hit the islands 7 years ago)...peace!

Billy Hoyle

nuckers · Jul 23, 2010

I put in an offer last month on a house here in Vancouver, North Vancouver to be exact on a house that had been on the market for 5 months. I can get better bang for the buck living elsewhere but this was close to our office, 5 minutes away, 3000sq ft. 870k asking, offered 750k, didn't think they'd bite but thought it's been sitting worth a shot. They shot me down didn't even counter. 3 weeks went by and their broker called me and said they're willing to go to 815k, I told them 770 is my max, if they want it they know how to reach me but I'm looking at other places so I told them I could pull my offer soon. They haven't gotten back to me since but everytime the phone rings and i'm half afraid they're gonna say congrats we accept the offer and I'm gonna have to cough up 770 lol. I live about 30 minutes away from the office right now in an area that's amazing and for that 770k price I could get almost double the house here. Back and forth on what to do.

Hope your offer hits enfuego.

shdw01 · Jul 23, 2010

bigbet1234 said:
700K? What does that get ya? Not much in HI I guess. What do wal-mart greeters make there? $15 hr?

you don't get much.....whats worse is you don't get paid more in HI, you just pay more.....that is the price you pay for living in hawaii.....

shdw01 · Jul 23, 2010

about 6 more hours til they make their decision.....considering upping my offer to about $705k? not worth it?

the principle of paying over $700k seems ridiculous.....but seriously what is $10k over 30 years at 4.25%? (actually more like $2000 today and $8k over 30 yrs)

shdw01 · Jul 23, 2010

BillyHoyle said:
depends on da island bruddah...NON JUDICIAL foreclosures in HI have boomed the last couples of years...many investments groups have attacked the 5 islands...aggressively attacking the market...still can find a good deal, considering the whole foreclosure process is still very, very NEW to the locals...(NJ foreclosure process hit the islands 7 years ago)...peace!

Billy Hoyle

there are foreclosures and investment groups....but the "good deals" are not in the good areas....thats what makes this rough.....i do NOT want a 1.5 hour commute in traffice twice a day

bigbet1234 · Jul 23, 2010

That's like $3500 a month. Hell of a house payment

shdw01 said:
you don't get much.....whats worse is you don't get paid more in HI, you just pay more.....that is the price you pay for living in hawaii.....

shdw01 · Jul 23, 2010

bigbet1234 said:
That's like $3500 a month. Hell of a house payment

nah, $695k is a $556k mortgage (w/ 20% down) and that is $2,735 at 4.25%

bigbet1234 · Jul 23, 2010

Still a decent chunk, hell, the down payment is $150K. you can buy a nice home here in Cincy for that. lol

JakeT. · Jul 23, 2010

Houses prices are nuts. My girlfriend just got a 4 bed, 3 bath for like 120K. Glad I don't live in Hawaii... Well, kinda.

nuckers · Jul 23, 2010

shdw01 said:
you don't get much.....whats worse is you don't get paid more in HI, you just pay more.....that is the price you pay for living in hawaii.....

Least you get the year round dope weather, we're paying around the same price for rain 8 months out of the year.

shdw01 · Jul 23, 2010

bigbet1234 said:
Still a decent chunk, hell, the down payment is $150K. you can buy a nice home here in Cincy for that. lol

yeah...and i'm not even gonna pretend that $150k is my money (although i'd love to say thats how profitable football season was....lol)......most of it is lifelong savings the wife has accumulated

shdw01 · Jul 23, 2010

seriously guys....the house i put an offer in is built in 1969 (41 years old!).....3/2 with a carport and a drainage easement in the back.....you would think i'm getting a nice new house in a great neighborhood....hahaha....i am still hoping i get it but wth

bigbet1234 · Jul 23, 2010

I dont see why people tie that much up in a house.

Put a real low offer in on a home today

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