 Negotiating (by Steve [OH]) Nov 17, 2017 5:33 PM
 Negotiating (by NE [PA]) Nov 17, 2017 5:42 PM
Negotiating (by Dave [MO]) Nov 17, 2017 5:43 PM
Negotiating (by Bohemia [IL]) Nov 17, 2017 6:04 PM
Negotiating (by Robert J [CA]) Nov 17, 2017 8:52 PM
Negotiating (by BRAD 20,000 [IN]) Nov 17, 2017 9:27 PM
Negotiating (by Ken [NY]) Nov 18, 2017 3:47 AM
Negotiating (by RB [MI]) Nov 18, 2017 5:43 AM
Negotiating (by Roy [AL]) Nov 18, 2017 6:50 AM
Negotiating (by AllyM [NJ]) Nov 18, 2017 7:55 AM
Negotiating (by Mike45 [NV]) Nov 18, 2017 2:53 PM
Negotiating (by Adele [FL]) Nov 18, 2017 3:06 PM
Negotiating (by Roy [AL]) Nov 19, 2017 1:52 AM
Negotiating (by Ray-N-Pa [PA]) Nov 23, 2017 2:32 PM
Negotiating (by Pmh [TX]) Nov 24, 2017 2:34 PM
Negotiating (by Steve [OH]) Posted on: Nov 17, 2017 5:33 PM
Message:
If someone is interested in buying one of your properties and he asks you how much is owed (mortgage balance), how should you respond?
--75.187.xx.xx |
Negotiating (by NE [PA]) Posted on: Nov 17, 2017 5:42 PM
Message:
"Not too much" or "x # of years left on the mortgage."
If they are experienced, they're looking to see how easy they can negotiate with you. If they're new, it's most likely their way of appearing big or experienced and may not even know why they want that info. --50.107.xxx.xxx |
Negotiating (by Dave [MO]) Posted on: Nov 17, 2017 5:43 PM
Message:
Your interested in my property, right? not my mortgage?
He's filling you out and wants to make the offer on your mortgage balance. --72.24.xx.xx |
Negotiating (by Bohemia [IL]) Posted on: Nov 17, 2017 6:04 PM
Message:
I'd say, "how much is in your bank account?" --64.134.xxx.xxx |
Negotiating (by Robert J [CA]) Posted on: Nov 17, 2017 8:52 PM
Message:
They wan't to know if your property is all paid off so they can offer you either a lower price or have you carry back the mortgage. How flexible you are... --47.156.xx.xx |
Negotiating (by BRAD 20,000 [IN]) Posted on: Nov 17, 2017 9:27 PM
Message:
I ask that to determine how much negotiating room we have based on their equity
and an attempt to allow me to simply take over their payments.
Works.
That said, if you are the seller and do not want to disclose, simply say "I'll have to check."
BRAD --68.51.xx.xxx |
Negotiating (by Ken [NY]) Posted on: Nov 18, 2017 3:47 AM
Message:
I ask that regularly when people call on my advertising,i am gauging how motivated they are,if they won't tell me I usually don't even bother to go look at the house,i am also using it as Brad said to determine if I want to ask about taking over the payments,i ask about it after I have determined that they are motivated which most people who call me are at least moterately motivated.If someone asks me how much I owe on a property I ask why they care and usually they can't even give me an answer but if they actually gave me a decent answer I would probably tell them --72.231.xxx.xxx |
Negotiating (by RB [MI]) Posted on: Nov 18, 2017 5:43 AM
Message:
Sizing you up. --71.13.xx.xxx |
Negotiating (by Roy [AL]) Posted on: Nov 18, 2017 6:50 AM
Message:
If someone is upside down and owes more than it is worth,..well,..end of story. No point in going any further. I don't want to swap places with you. --68.63.xxx.xxx |
Negotiating (by AllyM [NJ]) Posted on: Nov 18, 2017 7:55 AM
Message:
The upside down happened when appraisers for realtors priced every shack at 200K during the First Time Home Buyers ripoff in 2006. I was settling my mom's estate that year and they used unsold, boarded up shacks as comparables for estate tax purposes. I went around and looked at the comparables. Literally boarded up shacks priced at 200K! So nice homes were priced much higher and people bought them. So when things stabilized people were left with the real price of the property not the inflated one. --73.33.xxx.xxx |
Negotiating (by Mike45 [NV]) Posted on: Nov 18, 2017 2:53 PM
Message:
I have not dealt with this, but my answer would probably be "It will be paid off in full as of the close of escrow."
--71.38.xxx.xxx |
Negotiating (by Adele [FL]) Posted on: Nov 18, 2017 3:06 PM
Message:
One additional problem with overpriced appraisals in general (and then the subsequent crash like the one in 2006 - 2008) is that the county tax collector bases your property taxes on the over-inflated price of the property down the street that was purchased in the past year (whether it ended up in foreclosure or not). It is all a feeding frenzy for the tax collector! There is no rhyme or reason for the value of a property other than what someone will pay for it. Appraisal companies work for real estate brokers who want it to be as high a price as possible (better commissions) so that the lender approves the mortgage (usually not far from the selling price , imagine that!). Those who pay too much ultimately cause all our property taxes to go up! On the "flip" side, the real estate flippers love the inflated appraisals.
.......full circle? Circle of life? --162.238.xx.xxx |
Negotiating (by Roy [AL]) Posted on: Nov 19, 2017 1:52 AM
Message:
2 years ago, when I was searching for a late model pick-up truck, I noticed a lot of pick-up truck sellers were upside down in what they owed vs. what the truck was worth. It got to the point where the first question I started asking was,...what do you owe on this truck?
If they told me it was none of my business, I blew them off and moved on to the next seller. The few sellers who had paid off vehicles had no hesitation in telling me their truck was free and clear of any liens!
I ended up buying a 2003 Ford F-150 (from the original owner) with less that 100K miles on it.
My advice: just be honest and tell the potential buyers what you owe if asked that question. --68.63.xxx.xxx |
Negotiating (by Ray-N-Pa [PA]) Posted on: Nov 23, 2017 2:32 PM
Message:
Correct response - I always owe too much --24.101.xxx.xxx |
Negotiating (by Pmh [TX]) Posted on: Nov 24, 2017 2:34 PM
Message:
Have to disagree with Roy. buying a vehicle clear of liens from a private seller is a lot easier than one with lien. If someone asked me how much I owe on an income property (or my hse) I would tell them none of their concern. I will never been in position of selling to pay what I owe on mortgage.....so not a factor for me. --104.218.xxx.xx |
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