The Toluca Lake townhouse we like is listed for $439,000. I believe the comparable sales in the neighborhood and complex show it to be worth about $425,000. On Monday night, my husband and I made an offer of $430,000. We have 20% down, are pre-approved by a direct lender, and can close in 30 days. I will be taking my share of the commission, which is 2.5%, which will help with our closing costs. We might go to $439,000, but I'm concerned about the appraisal coming in at that value.
The townhouse is still not available to be shown as painting is being completed, but will be ready right before Thanksgiving for Realtors and their clients to view.
On Tuesday, the listing agent tells me the seller wants to wait to respond to offers until after her Sunday-after-Thanksgiving open house and is stuck on her asking price. Fair enough.
On Thursday, Thanksgiving Day, the listing agent calls me to tell me there is another good offer in and it is comparable to ours in price, terms, etc. She sends a $439,000 counter offer to us. We sign off -- appraisal be damned, my husband really loves this place -- and send it back.
The listing agent calls to tell me that she is representing the clients who are bringing the other offer (I wondered how anybody else got in to see it so soon) and they too have signed off on the full-price counter. This goes without saying between agents, but she will make 6%, not 3.5%, if she double-ends this.
Next: how will this end?
Home »
Realtor commissions »
Sunday open houses »
Toluca Lake Real estate »
working on Thanksgiving »
The Realtor makes an offer -- Chapter 3: the negotiation
The Realtor makes an offer -- Chapter 3: the negotiation
Artikel Terkait The Realtor makes an offer -- Chapter 3: the negotiation :
Proof of Toluca Lake Don Cuco's hip cred: Destin and Rachel eat there!Spotted tonight at the Toluca Lake Don Cuco's: Destin Pfaff and Rachel Federoff from Bravo TV's Millionaire Matchmaker. Thi ...
Just posted 2nd qrtr home sale stats for Burbank and Studio CityI just posted home sale price ranges for March through June on my website at JudyGraff.com. Check the "About Burbank" and " ...
The Realtor makes an offer - Chapter 2: Kitchen worriesThe townhouse we're considering buying in Toluca Lake really suits us. We like the location, the layout, the price and ...
Brand new in Toluca Lake - 4140 W. Hood!This is 4140 W. Hood, Toluca Lake, 91505. I just listed this beauty for $1,297,000 and it will be open this coming Sunday. ...
I may want to buy 10645 Bloomfield in Toluca Lake for myselfAlong with my husband, I got a sneak peak at Mimi Kim's listing at 10645 Bloomfield in Toluca Lake. We liked it. A lo ...