A Deal A Week
10.28.09 We absolutley love the house, but there are a few issues: 1) We want to stay at 1.1 or less. 2) This home will not appraise at 1.2-- in fact sales prices in the area are all foreclosures
It would be surprising if it appraised for over $850! So that is what we think we should offer.
Replies to This Discussion
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Permalink Reply by Yancy Whittaker on -
And you're absolutely right, it may not appraise at list price or any where close...so, since an offer in writing is only 'asking a question' and since I've had discussions with the seller's agent, who I believe is on our side (at that's huge), because they say 1) no one has "asked that question" in writing yet 2) is in agreement in regard to they're clients need to awaken to current market realities 3) believes they're client has become "sufficiently mangled" not having sold in such a very very long time and 4) encourages anyone to "ask that question" in writing...is why I believe we should "ask the question" which will allow me to negotiate the best possible price that could appraise and find a threshold that may very will be way under your $1.1M limit...however, if you're financing in order to buy, it will help you if you are able and willing to increase collateralizing your loan to as much as 40% to 50%, or, whatever your lender tells you they need in order to fund the loan with no problem regardless of the appraisal and/or if the sellers bottom line happenes to be above the appraisal number...are you willing to do that if needs be???...if you're an all cash buyer and the best deal I can negotiate is still above the appraisal, well then you have a choice, do you want to buy this home under the $1.1M you set as your max and hence get a deal, or, not buy it and move on...do you understand these choices???...now then, are you ready to get started and "ask the question" and find out???
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Permalink Reply by Gene Bush on -
I'm not an appraiser so I don't know what the house will eventually appraise for, but the bigger question is: how bad do you want this house? Are you willing to write an offer strong enough to get it? Where do you feel comfortable starting at?
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Permalink Reply by Elaine Stucy on -
Gene-- this is the right track-- keep it simple and to the heart of the issue
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Permalink Reply by Kendyl Young on -
Well, setting that issue aside for just a moment- I get that you absolutely love the home. Do you absolutely want to buy it, or do you just want to make an offer? Those are two very different things.
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Permalink Reply by Tracy King on -
If you really love the home, how much are you willing to offer?
If you were the seller, what would you think of your offer?
How do you think we can convince the seller to sell to you?
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Permalink Reply by Amine Aghzafi on -
I am glad you went through the evaluation exercise. By the way, did you pull out the info on properties that sold lately to come up with the $850K figure? If so, then great and let me also do the same thing to make sure we are not missing anything out there. This way we can review the comps and attach them to our offer for us to support our price. What time could you meet later today to put our offer together?
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Permalink Reply by john steiner on -
If you really love it why don't we concentrate on trying to get it? We can worry about the appraisal later.
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Permalink Reply by David F. Goldsmith on -
How did you come to the $850K figure?
Do you have time to sit down with me to review the comps?
If the comps support the list price what would you offer?
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Permalink Reply by Gary Price on -
Do you really want to buy this home?
At what price will you buy this home?
What will you do if the seller won't accept that price?
Do you have any flexibility?
About
FREDIAN THEORY....
Commitment is measured by action.
Who will do what.... when?
Are you talking to people in terms of benefit (opportunity)?
Enlightenment is being free of self-limitation.
"I like to find out what people think."
You don't vend a propportunity™ to sell that specific property, although that is a possibility. You vend opportunity to find out what people will do.
Every day you need to watch from falling into the trap of thinking, "Tomorrow things will work out."
Measure your success by what you do today.
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What are you pushing away, distraction or deals?
The practice of being in the hunt leads to production on a regular basis.
Begin each day "on purpose". Clear, connected, open, and READI.
Your decisions define who you are.
Fred Wilson
Who will do what.... when?
Are you talking to people in terms of benefit (opportunity)?
Enlightenment is being free of self-limitation.
"I like to find out what people think."
You don't vend a propportunity™ to sell that specific property, although that is a possibility. You vend opportunity to find out what people will do.
Every day you need to watch from falling into the trap of thinking, "Tomorrow things will work out."
Measure your success by what you do today.
One definition of success is... taking appropriate action.
The goal is to find out what you don't know vs. judging what you think you know. This is what it means to be "open".
Things don't get done because they don't get done today.
Great is being great today.
Your career, your year, won't come together until you break it down into the unit of today.
What are you pushing away, distraction or deals?
The practice of being in the hunt leads to production on a regular basis.
Begin each day "on purpose". Clear, connected, open, and READI.
Your decisions define who you are.
Fred Wilson
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Helping people go from Good to GREAT!!
I believe the information we are sharing with you on this website and at the 100 Day Events is truly life changing.
LIFE CHANGING!!
When I listen to Fred speak I know I am listening to the greatest real estate seminar ever. I don't think you will find this material anywhere else in the same concise and articulate framework.
Through the power of social networking we have the opportunity to have an unlimited number of Realtors across the country become part of this network. However we cannot do this alone.
My goal by year end is to have at least 2000 agents enrolled on this website. The business possibilities that can be generated out of this type of group are infinite. I want to inspire and challenge you in every way I can to be part of expanding our network. I would love to see each of you committed to adding one new member each and every week of this year.
I FIRMLY BELIEVE AS THE NETWORK GROWS....
SO WILL YOU!!
I want to thank you in advance for any help and support you can provide in making this the greatest resource center for Realtors worldwide!!
Make it an OUTSTANDING DAY!!
Steve Shull
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To Contact the Performance Coaching Offices:
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office phone 424.704.5030
fax 424.204.0801
Email:
steve@
performancecoaching.com
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Brentwood
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Coldwell Banker
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Peter Kinnaird, Agent, Teles Properties
“Steve gets straight to the point. One of the sharpest arrows I have ever known. If you want your career to go to the next level, take advantage of all he knows. I first met him as a Keller Williams agent, but now have transitioned into the Investment Advisory World and have taken everything I learned from him into my new endeavors.”
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Surterre Properties
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Nora Wendel, Sales Associate, Coldwell Banker Brentwood
“Steve helped me take my business to the next level! He helped boost my confidence and continues to help me with ongoing business situations. I highly recommend him.”
Top qualities: Great Results, Expert, Creative
Carol Wolfe
Coldwell Banker
Encino
“Steve knows how to help you set goals and actually achieve them. He can be tough while being very supportive at the same time, which is a great combination. He has helped me stay on track and achieve goals beyond my expectation.”
Top qualities: Good Value, High Integrity, Creative
Chaya van Essen
Teles Properties Beverly Hills
“One word sums it all up for me: BRILLIANT! That is what I think when I think of Steve Shull! Not only is he BRILLIANT but he is also a genuinely caring individual. In our difficult business of Real Estate some of the essential factors to achieving great success are; being surrounded by leaders who are innovative and think outside the box, who lead by example of hard work, consistency and perseverance, who are supportive in their tactfully guiding way, and who are exceptional human beings! Without a doubt, I think of Steve Shull and his team when it comes to the success that I am achieving and will continue to improve. I would highly recommend Steve Shull and Performance Coaching.”
Top qualities: Great Results, Expert, Creative
SiBelle Isreal
Coldwell Banker
Santa Barbara
“I have found Steve's input valuable in many ways. Steve has been able to keep me focused on the "Big" picture while I sometimes become to involved with "details". One of Steve's strengths is to recognize mine and point me in directions that take advantage of those strengths. I would recommend Steve without reservation knowing that he will put his client's needs first. I welcome any calls or inquires from anyone considering working with Steve.” April 29, 2008
Top qualities: Great Results, Good Value, Creative
Bob Widing
Coldwell Banker
Santa Barbara
“Every business person should work with Steve Shull! Coaching with Steve has been life changing with huge personal and professional rewards. Steve is phenomenal at 1:1 coaching and in a large team environment.” April 29, 2008
Top qualities: Great Results, Expert, Creative
Lori A. Torres
The Irvine Co.
“Steve has been my coach for my real estate business for about 4-5 years now. He is fantastic! Always motivating and pushing me to be the best I can be. He is able to see things in myself that I am sometime blind to. He reminds me of my value and abilities and encourages me to always move forward and be in action towards the things I want in life.” April 29, 2008
Top qualities: Great Results, Personable, Creative
Christophe Choo
Coldwell Banker
Beverly Hills
“Steve was my coach for a number of years and very helpful and effective for me. He has a very strong work ethic, and I loved his whole body/mind philosophy..I was able to increase my business as a result of my relationship with him. I would highly recommend him as a coach. Thank you.. Steve”
Top qualities: Great Results, Expert, High Integrity
Carole Schiffer
Coldwell Banker
Brentwood
“Steve has really helped me from the start of my career to advance my business, he cares a great deal about your progress and does everything in his power to help you succeed”
Top qualities: Great Results, Expert, High Integrity
Michelle Nissani
Coldwell Banker
Beverly Hills
“Steve is an incredible coach and motivator. He clearly sees what is important in situations and has an uncanny ability to put aside what is irrelevant. He has had a profound effect on my profesional life.”
Peter Kinnaird, Agent, Teles Properties
“Steve gets straight to the point. One of the sharpest arrows I have ever known. If you want your career to go to the next level, take advantage of all he knows. I first met him as a Keller Williams agent, but now have transitioned into the Investment Advisory World and have taken everything I learned from him into my new endeavors.”
Top qualities: Expert, High Integrity, Creative
Al Knobloch
Financial Consultant
“Steve is an expert in the field of coaching. His ideas are inventive and out-of-the box. He encourages his clients to be the best that they can be in their lives and in their business. Our business is at a totally different level since coaching with Steve because he has pushed us out of our comfort level into an exciting heights that seemed out of our reach. We highly recommend Steve Shull as a coach. You will be delighted with the results.”
Top qualities: Great Results, Expert, Creative
Betty Comegys
Surterre Properties
Newport Beach
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