Home Price Negotiating
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@scottalanmiller we have all the warning signs of it too, but foreign capital & eastern Canadians are pouring in like a tidal wave.
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@Nic said:
Typically there are two realtors, one working for the seller, and one working as the buyer's agent. They will typically split a 6% commission down the middle, and the 6% comes out of the seller's portion.
AFAIK, they both work for the seller unless one is specifically hired as a buyer's agent.
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@Danp said:
@Nic said:
Typically there are two realtors, one working for the seller, and one working as the buyer's agent. They will typically split a 6% commission down the middle, and the 6% comes out of the seller's portion.
AFAIK, they both work for the seller unless one is specifically hired as a buyer's agent.
You always hire a buyer's agent. Otherwise you are in a weird situation. You should have an agent before things get started unless you really know what you are doing. We use an agent whenever we do it and @dominica is a certified Realtor too! But not an active one.
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@thecreativeone91 said:
@Danp said:
Yeah... the realtor actually works for the seller, not the buyer.
Unless you hire them.
I've never heard of someone hiring a realtor for purchasing (though I guess if your Warren Buffet you might). Normally the buying and selling realtors split the commission in some fashion, but yeah... that means they both end up working for the seller because the higher the selling price, the higher their commission.
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Looks like you get a lot for your money. I reckon that would be at least twice the price over here.
I'd want to flatten the bottom of the driveway and park a couple of cars down there, then grass over the top of the driveway, and put steps up to the house. Or do you need to park the car in the garage? As it stands, the driveway looks pretty ugly and weirdly shaped. Very pretty house though.
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@scottalanmiller said:
It's certainly possible for a $269K house to sell for $229K. Not super common, but very possible.
We made an offer of 219K contingent on the sale of our home. Will see today what he counters or if he surprisingly accepts.
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@Dashrender said:
@thecreativeone91 said:
@Danp said:
Yeah... the realtor actually works for the seller, not the buyer.
Unless you hire them.
I've never heard of someone hiring a realtor for purchasing (though I guess if your Warren Buffet you might). Normally the buying and selling realtors split the commission in some fashion, but yeah... that means they both end up working for the seller because the higher the selling price, the higher their commission.
Our realtor is a good friend and she is helping sell ours and helping negotiate purchasing the other one. We trust her.
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@Carnival-Boy said:
Looks like you get a lot for your money. I reckon that would be at least twice the price over here.
I'd want to flatten the bottom of the driveway and park a couple of cars down there, then grass over the top of the driveway, and put steps up to the house. Or do you need to park the car in the garage? As it stands, the driveway looks pretty ugly and weirdly shaped. Very pretty house though.
Yeah, if we get our low offer accepted, we will save up to eventually do some work on the driveway...for sure, snow/ice days, we will park in the street. If we don't have steps by then, we'll sled to our cars!
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@garak0410 said:
@Carnival-Boy said:
Looks like you get a lot for your money. I reckon that would be at least twice the price over here.
I'd want to flatten the bottom of the driveway and park a couple of cars down there, then grass over the top of the driveway, and put steps up to the house. Or do you need to park the car in the garage? As it stands, the driveway looks pretty ugly and weirdly shaped. Very pretty house though.
Yeah, if we get our low offer accepted, we will save up to eventually do some work on the driveway...for sure, snow/ice days, we will park in the street. If we don't have steps by then, we'll sled to our cars!
Why install steps? Sledding seems like so much more fun!
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@dafyre said:
@garak0410 said:
@Carnival-Boy said:
Looks like you get a lot for your money. I reckon that would be at least twice the price over here.
I'd want to flatten the bottom of the driveway and park a couple of cars down there, then grass over the top of the driveway, and put steps up to the house. Or do you need to park the car in the garage? As it stands, the driveway looks pretty ugly and weirdly shaped. Very pretty house though.
Yeah, if we get our low offer accepted, we will save up to eventually do some work on the driveway...for sure, snow/ice days, we will park in the street. If we don't have steps by then, we'll sled to our cars!
Why install steps? Sledding seems like so much more fun!
For real eh? Still waiting on the offer...contract said for builder to respond today. Pretty much expecting a counter for sure but had to start low.
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Did you call in the Negotiator?
![priceline_shatner[1].jpg](https://i.imgur.com/4ZeOGdG.jpg)
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The Negotiator turned down @Minion-Queen. I think that he his persona non grata around here.
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@g.jacobse said:
Did you call in the Negotiator?
Love this! Ha!
First offer not even considered which I did expect but realtor wanted to try. Working on another one but will require realtor to lower her fee on our home so we can net more from the equity to pay off a debt or two.
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Hang in there, when we bought our house, it took a few tries. We fell in love with one, and went to make an offer. The seller had just accepted another offer from another couple while we were standing in the house looking at it and talking about what we wanted to spend. We went back to looking, made another couple offers, and it all worked out. Don't give up if the first few are rejected, and don't just pay sticker price unless you can't live without it.
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@s.hackleman said:
Hang in there, when we bought our house, it took a few tries. We fell in love with one, and went to make an offer. The seller had just accepted another offer from another couple while we were standing in the house looking at it and talking about what we wanted to spend. We went back to looking, made another couple offers, and it all worked out. Don't give up if the first few are rejected, and don't just pay sticker price unless you can't live without it.
It is actually kind of fun...keeping my wife's emotional attachment off the house...THAT'S the challenge. And I say that with love because I do love her! LOL
