Real estate General topic

[2manyrocks]

Makes sense to me.

 

[Sigarms]

Well... seller has met with their agent again, and asked us to pony up another $3k in cash, plus the survey. Spoke with wife, and we said nope. Survey is fair, I think, but appraised value and we pay for survey, not appraised, plus $3k cash, plus survey. Wife's words "they gonna come back again tomorrow and want another $3k, I'm sick of this, we already agreed verbally to something".

It may seem like small potatoes, but you have to say enough at some point.

For myself, a survey should be done before selling (if you actually want to sell) because that's just doing your due diligence before selling (as well as knowing what HAS to be done with the house per home inspection before selling knowing what kind of costs will be incurred by the buyer).

And your spot on in your line of thinking if you pay for the survey and something comes up that would throw the deal off IMO.

I know when we finally decide to move in the future, we will have an updated land survey.

It's not small potatoes for saying no to another 3K. I missed it, but exactly was the extra 3K for?

After keeping track of this thread, I have no doubt you and your wife have more patience than myself.

 

[paulsharvey]

The extra 3K is because they didn't want to drop the price to meet the appraisal, and they or their agent figured we might say yes, so what's the harm. Now, I'm not a particularly smart man, but the seller has literally sold his furniture, bar stools, dog chages, and moved/sold/rehomed his live stock, and loaded the trailer with his package deal tractor. I think they are more committed than me.

 

[Sigarms]

The extra 3K is because they didn't want to drop the price to meet the appraisal, and they or their agent figured we might say yes, so what's the harm. Now, I'm not a particularly smart man, but the seller has literally sold his furniture, bar stools, dog chages, and moved/sold/rehomed his live stock, and loaded the trailer with his package deal tractor. I think they are more committed than me.

You're probably smarter than me, and methinks you may be in the drivers seat on this sale.

The harm IMO by asking for more money at this point is you walk...

 

[Sigarms]

To be 100% honest, I agree with the appraisal. Although we like the place, and it checks all of me and wife's mandatory items, and many of the want items, it is not anything spectacular. If we could fine the right piece of available property, we could recreate everything as well, or better for the same price. It just there really isn't a lot of 10-20 acre peices around; there are some very nice 40-50 acre pieces, but they are well outside our budget.

End of the day something, is only worth what someone is willing to pay.

You've done your homework. You also stated "it is not anything spectacular" so I'd stick to your guns, particularly if you have no qualms walking away from it.

 

[tradosaurus]

The extra 3K is because they didn't want to drop the price to meet the appraisal, and they or their agent figured we might say yes, so what's the harm. Now, I'm not a particularly smart man, but the seller has literally sold his furniture, bar stools, dog cages, and moved/sold/rehomed his live stock, and loaded the trailer with his package deal tractor. I think they are more committed than me.

My guess would be the real estate agent is encouraging them to not drop the price.
I'm like you, stay the course.

 

[ultrarunner]

End of the day something, is only worth what someone is willing to pay.

You've done your homework. You also stated "it is not anything spectacular" so I'd stick to your guns, particularly if you have no qualms walking away from it.

Willing and able…

 

[paulsharvey]

The seller backed off their demand for the additional cash, and we have already ordered the survey, but closing got pushed back 10 days. 1 surveyor said job too big, can't squeeze it in, other one said upto 10 days.

 

[ericm979]

Good to hear that it's progressing.

 

[Sigarms]

The seller backed off their demand for the additional cash, and we have already ordered the survey, but closing got pushed back 10 days. 1 surveyor said job too big, can't squeeze it in, other one said upto 10 days.

I missed it, who is paying for the survey?