Hey if you can add in these chapters that'd be dope! 1. :51 Seller's motivation 2. 1:47 Were the owners living there or renting 3. 3:27 Other offers on the property 4. 4:30 Value of the property 5. 5:28 Credibility 6. 6:34 Build Rapport 7. 8:05 Ask the right questions
i know Im randomly asking but does anyone know of a tool to log back into an instagram account? I was stupid forgot my login password. I would appreciate any assistance you can offer me
I'm a single dad trying to get my first home loan, I'm watching your videos religiously until I can drive my truck to my new house playing the theme song from "Over the Top"
Every single tip here is 100% correct. This man knows what he’s talking about, people! Think of your agent as your corner man in a UFC fight. A good one is there to direct you how to throw your punch to WIN. My buyers agent was a shark. She gave me great instructions. She advised me to come to the house showing in my most expensive outfit, because if you look like money, you’re taken more seriously. We collaborated on a list of questions for me to ask the listing agent at the showing, and she told me to keep a poker face during the showing. Don’t get all giddy and talk about loving the house. It’s hard, but if you demonstrate your desire for the house, the seller can withhold and make you increase your price. Basic supply and demand. Keep your cards close and do not show your hand right away.
Of course, if the home is overpriced and doesn't reflect its true market value, then the lowball offer might actually be well within where the home should be priced in the first place!
Seller has asking price, I offered 75% expecting negotiation. Seller accepted immediately. Why? he house was their mom's house and mom has been in Assisted Living for a year, and the kids (her Conservators) could not afford to keep up the house. Believe it or not - $45,000 selling price.
Hey, Matt. Love the videos, learning a lot. I had a question about this video: my understanding is that buyers should typically have their own real estate agent to handle negotiations, paperwork, etc., especially for first time home buyers. How do the tips presented in this video pertain to buyers with agents? I may have missed something, as I am a bit confused about how I can use these tips. Regardless, I loved the insight!
Thanks for watching! That's a very good point as I see where you question comes into play as some of these tips are "buyer-to-listing agent" as opposed to "buyer-to-buyer agent-to-listing agent". I would definitely recommend an agent and you'll need to find an agent that can see your vision for the lowball offer. Some agents will say your offer may "offend" the seller or something like that. When negotiating through an intermediary (your buyer agent) you almost need to sell your agent on your offer as well as they will be the one doing the negotiating on your behalf. Hope that makes sense and appreciate you watching and commenting! 🙌
Can you do a video on rent to own? I love in Tucson, and I've been seeing a few listings like that. I'm trying to buy a house after my lease is up next year.
We found a home we absolutely love but it needs a lot of work. It's a 4 bedroom 3 bath house and it needs from what we can see before an inspection is all new floors, ceilings, new cabinets and wall repair. The cost of the house is 370k and we think that's way too much for the amount of repair needed just from looking at it
I have a question I saw a home in NC for 53,500 it is a foreclosure property it has been on the market since February. Should I negotiate the price to 30,000 all cash with a 30 or 60-day contingency? Please help need your advice tip.
Im looking at a house that's been on the market for 330 days, it's a new construction, custom home (In an area of custom homes) that I know is overpriced. The asking is $274 per sqft, over the last 2 years the range for similar types of properties sold is between $185-$215 sqft. There's also a house for sale that's directly across the street that's going for $240 per sqft. I want to go in at $215 per sqft and after counter offers, not go over $225. Wish me luck!
That doesn’t make sense to ask the listing agent was there any offer. The listing agent could just up-mark them to say there’s a couple offer over the asking price to make you over-bid in order to get the house…
Most real estate agents are buyers agents as well as listing agents. The distinction is if you walk in to an open house and you want to buy that house, you would want to use an agent other than the listing agent to represent your purchase
As a first time home buyer, I'm still learning a lot. I was wondering if it's common for the buyer to be in direct contact with the listing agent. I have a buyer's agent and have been told I should never interact with the listing agent. She said that's what she is for. Your video said to have a good relationship with the listing agent, so should I be be talking directly to the listing agent?
I’m trying to buy a property listed at $80,000 and I got pre-approved for $75,000 but I cannot afford the mortgage &DP + closing costs for that high of price. What’s more in my budget is $50-60k with some help for closing costs from the seller. I put an offer in today for $17,000 under what list price was... was this too low of an offer? I can possibly go up $69,000 though I would need more help with my closings but that would be my max bid. It’s very confusing because there aren’t many homes available in the area in my budget- not because it’s a popular location but just because it’s a rural area with not many homes available. The home I put the offer on has been updated and maintained, 3 bedrooms and a little over 2 acres. Other homes in the area are either 2 bedrooms with 1 acre for $60,000 roughly or $90,000 for 3 bedrooms somewhat new updates and a lot more land. So I’m thinking the benefit may be in the sellers favor. But the house has been listed for 7 months and they are eager to sell so who knows maybe my low ball offer may hit that sweet spot since they just wAnt to get rid of it. Fingers crossed 🤞🏼
@@mulliganstew72 yeah it was too low of an offer. I was related to the people who was selling the house, so I thought maybe if I started low we would go back and forth on a price. That didn’t happen, she never even responded to my offer and instead took a cash offer a few days later 😞
I just made low offer . Selling price is on flipped house that bought back in June 2023 for 120k and has been listed for 365k. Valued at 355k . So I offered 90 percent of what the property is worth 320 . The guy probbaly put in 100k of renovations so he will make probably 100k profit . We can close in 30 days and most properties around the area go for 330-360. So hopefully my offer gets accepted . House has been in the market for 55 days :)
Your videos are very interesting, even for non UK market. If you could add some slides or animation, it would probably be a good investment for the channel
Typically decent info, but good luck getting this to work in this buyer's market today! People here are losing offers that are nearly $100k above asking. It's ravenous.
Need advice I am looking to buy this property it's 1 acres of land however it has 2 houses and a barn but the person was a horder and there is cars boats trailers ect everywhere the house are both going to need alot alot of work they are asking 245k for the house I was gonna pay cash.... I have some people telling me it's gonna cost up to 300k for repairs, and that could be on the lower end. Idk if offering them 190k since Disconnect need to be at least 30 to $40000 alone in the cleaning off the property and the houses. If that's a fair offer or if that's going to sultan I don't know it's been on the market for over seventy days
Question (that probably won't get answered a year after upload but I'm trying anyway) how do we get in good with the listing agent when our buyers agent is the only one who speaks to him/her. Also, isn't the listing price already higher than what they are willing to take? Like a car sticker price?
Visit the open house if any. Check the updates, keep with houses that have sold in your area. Write an offer. Seller and buyers are controlled by the realtor.
I am looking to buy my first home and I have spotted a house in a decent area for sale that is a SFH up for $200,000 (2 bedroom, 1 bath), in rundown conditions & in need of TLC. I have compared it to similar house which has 3 bedrooms, 1 bath for the same exact price in the same neighborhood and both ranch houses. I know the neighborhood well and there is literally no internet/service on the street the first house is located making it impossible to make calls or access the web without wifi and barely any at the second. I am confident the home I want is overpriced and the second home is more realistic of a price in comparison. I was wondering your thoughts on my research and whether 1. Does the internet speed affect the value of the homes? especially since the street has no service whatsoever. 2. What are your thoughts as a first time house purchase? (Sorry if I seem like an amateur, I’m just now starting to look for a home in my early 20s!)
Good video, I'm a first time home buyer, Looking around i came across a foreclosure that very good needs some work but manageable can i make a fair offer? because is bank owned, your thoughts, ty
Sure! They are most likely not allowed to "do" an inspection, but they can do a "walk and talk" where you walk through the property during your alloted time and discuss any issues
In Virginia, there's no "deadline" of when the seller needs to get back to you. Could be 24 hours, could be a week. Usually the seller gets back to my buyers' offers within 24 - 72 hours. Earnest Money in my area is due 3 days after Date of Ratification. So if you and the seller sign the contract on Tuesday, the EMD is due by Friday close of business.
@@TheMattLeighton thank you for the reply! I am putting my first offer on a home today, so I am happy to hear that my agent will be doing all the negotiating lol. I'm not sure I have the ability, even though your video was very insightful. Wish me luck 🤞
I see properties that have been on the market for three years with no buyer, and they still won't take an offer. Or the property is in terrible condition and needs $100,000 worth of work. Or the interior is old and out of style. But the seller thinks they can hold out forever.
I was looking at a property that has been on and off the market for a year. The owner wanted to use the property but decided not to keep it.i offered $8,000 lower than the listing price.
Hello! I am buying my first home Cash! I heard I could negotiate 10-12% off the price of a home ( depending on the sellers urgency to sell ) One agent said he prefers to negotiate 3% off the house - Should I go with someone who is comfortable negotiating higher numbers?
Here's a question. A property is in a posh location. it's listed at almost 60-70k below its worth. Inside is pretty beat up, like really rejection worthy beat up. Structural issues/major issues for example roof/heating etc are very good. should the buyer put an offer much above the listing price..? is it worth it
@@TheMattLeighton, thanks for that prompt response, really appreciate it. Tour done with a engineering consultant. We can go above the listing price, but will not be able to outbid other buyers if they start going crazy with the money. So we are just thinking is it even worth stepping in, because we won't be able to enter the race for sure. We are exactly like, in Charlie's position in the "Charlie and the chocolate factory"
Except for you’re not supposed to disclose why the listers are selling- your listing agent isn’t the right one if they tell people you’re “motivated” to sell
@@TheMattLeighton everything. From putting me into extremely risky offers, to ignoring what I'm looking for and where I want to buy because she doesn't like those areas
@@TheMattLeighton especially as first time buyer. I feel I've learned more from youtube videos such as yours than from her. And the nerve racking part is flip flopping back and forth between" lets offer everything we can" to "we are risking alot and just want you to know you can lose all of this" I just pulled all 6 of my offers because she made me nervous on the purchase.
Why a property is too long in the market? Agents are so lazy, negotiations is not longer being praticed...subject to the appraisal $$ Realtors do not want to show a propety. I live in Memphis, does race matter.
😂 lowball offers are accepted at a rate of maybe 4-5 out of a 100. So maybe at 4 to 5% of the lowball offers made. You’re going to have to find an elderly couple or someone who is desperate. Still pretty sleezy to be honest to try to take advantage of people.
This doesn't work.this is laughable. Sellers in this market do not give 2 shits about any of this. Their attitude is this is my price take it or leave it.
