Negotiations

By lschottenstein on July 16, 2010

I have a buyer making an offer on a home listed at $650,000 in Blacklick Ohio. It was built 10 years ago for $687,000. The listing agent has hinted we could probably negotiate a quick deal at $600,000.  Looking at comps and homes for sale the home is a good deal under $620,000. At $600,000 it [...]

By mhogan on July 1, 2010

For those who wanted to take advantage of the tax credit but missed the opportunity, it may have paid to wait. Reports have shown that with fewer buyers since the expiration, sellers have had to lower their prices to entice them. Although it depends on your price point, some of the decreases in the sales [...]

By mhogan on June 11, 2010

While setting up a showing for a condo, the listing agent was giving me some information about the property. At the end of this conversation he said “The seller is M-O-T-I-V-A-T-E-D. Make an offer, no matter what it is, just make it, even if you think it’s really low.”
I was a little suprised that he [...]

By lschottenstein on June 7, 2010

I was representing a buyer who was in contract to buy a 1950’s ranch house with an older finished basement, complete with red shag carpet and cheap brown paneling starting to peel off the walls. His plan was to gut the basement and refinish it. During the home inspection we actually saw live termites behind the paneling. [...]

By lschottenstein on December 29, 2009

I was representing a buyer who was ready to offer $960,000 for a home that was listed at $999,000. (from our research it was well priced at $999,000 and a very good deal at $960,000) The home was originally listed at $1.3M and was on the market for over a year so the listing agent [...]

By lschottenstein on October 19, 2009

I was working with a buyer looking for a nice home in Upper Arlington. They wanted a unique home, which can be difficult to find and they can also be difficult to sell since they may have a limited market. We found an interesting house listed for around $520,000, which is not high end for [...]

By amurphy on September 29, 2009

A house typically is a family’s largest investment, so buy right and don’t screw up! The purchase can pay off nicely in the long-run, or could cost more than you have. Here are 10 tips to help make a wise decision.

By lschottenstein on August 25, 2009

A “low ball offer” is a real estate term for an offer that is viewed as inappropriate.   Some buyers like this approach, especially in a buyers market, because they are fishing for a great deal and use this technique. They are not affraid to make many offers and don’t expect most of them to come [...]

By lschottenstein on August 19, 2009

I am working with a client buying a home between $400,000 and $500,000 in the Gahanna/Blacklick area. When we started he was hyped about getting a great deal.  Which is a reasonable expectation in this buyers market. He was defining it by