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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (34863)	10/30/1998 9:57:00 AM
From: accountclosed	Respond to of 132070

when I think something is a commodity, i'm no fun to haggle with. No emotion at all, go for the jugular. however, everything to me isn't a trade. i use different rules in different situations. a house to me isn't quite as close to a commodity as most, i guess.

To: Ilaine who wrote (34863)	10/30/1998 9:59:00 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

>>"If my investments don't go well, God must be punishing me." Foolishness!<< uh, i thought poverty was a reward from god ;-) (said only half in jest)

To: Ilaine who wrote (34863)	10/30/1998 12:06:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 132070

CB, rent the movie Pacific Heights for some great ideas on how to get real estate at great prices -g- Mike

To: Ilaine who wrote (34863)	10/30/1998 12:23:00 PM
From: Michael July	Respond to of 132070

CB...1) If you have not done so already find out from a real estate broker what comparable homes have sold for in the past year. 2) If the comps (comparable values) are close to the tax assessed value then you can use it to support your bid on the house 3)Figure out what it would cost to repair the damage in the kitchen and then subtract that from the comps you got. 4) Are there were other buyers interested in the house....even after the reduction in price? If not, then the current price is likely too high and you can use this knowledge to your advantage. Knowledge is the key to everything. We had friends who recently sold their house for less than what they wanted to. They were asking $139,000 and hoping to get $134,000. They had few lookers let alone offers because their house was priced too high for the area. They ended up settling for $129,000 and feeling that they were low-balled. However, they still sold because they already had moved into another home....paying on 2 homes drains one pocket change <G>. After you figure out what you would be willing to buy the house for offer less as the sellers will likely counter. As someone else pointed out, you can't go lower than your last offer. Just my $.02.