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@sarge12 wrote:
@Anonymous wrote:The house is listed for 199K and I offered 204K + 3% closing help. Apparently there's multiple offers. The seller's agent is asking for proof of funds for closing. Why do they need to check the funds? I do have enough to cover the diference of closing costs. Is that an sign they will not accept my offer?
This has me confused. Are people actually offering over the listed price for houses now? If so, is this a common thing now? I thought list price was where you begin negotiations and then you make offers for less, and then usually meet somewhere in between.
On the deal I'm working on now, we offered $4K over asking price and asked the seller to pay $4K of our closing.
@sarge12 wrote:
@Anonymous wrote:The house is listed for 199K and I offered 204K + 3% closing help. Apparently there's multiple offers. The seller's agent is asking for proof of funds for closing. Why do they need to check the funds? I do have enough to cover the diference of closing costs. Is that an sign they will not accept my offer?
This has me confused. Are people actually offering over the listed price for houses now? If so, is this a common thing now? I thought list price was where you begin negotiations and then you make offers for less, and then usually meet somewhere in between.
It depends on the housing market where you live. I am in the Denver, CO area and it is one of the hotest housing markets. You can't even be taken serious really unless your offer over asking price. It seems most offers are $8-10k minimum over asking price here, along with a letter and photo to the seller, and even offering to let the seller stay in the house 1-2months after the purchase so they can find a new place to live. It's pretty crazy!
lol, our seller requested a month's rent back. It's going to be odd being a landlord for a month.