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r/wsb is back up and running.
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Seller’s agent gets a higher commission. Does seller have other properties in the area? Then higher sale price -> a higher comp.
Visual Storyteller
I think I’m negotiating directly with the seller on this? It’s through propoffers and the agent didn’t seem to know basic info, leading me to believe the other side is an individual
Subject Expert
Pride
The seller nets an extra $3k and you get to put less cash in initially (assuming you’re financing).
Visual Storyteller
Ah yeah the actual difference in price, my bad. I thought you were saying they were somehow coming ahead by moving the funds from price > credits. Good call
Sounds like a great deal but the cap on seller concessions is 6% i would counter with 108k with 6k in seller concessions.
Visual Storyteller
This is a rehab loan, but good thought.. need to confirm with lender
That’s an 8% closing credit. Are you able to share how you can exceed the max? I was told there was a max but i could be misinformed
Are you paying all cash?