barbee6043
Well-Known Member
- Local time
- 2:15 AM
- Joined
- Sep 28, 2008
- Messages
- 2,593
- Reaction score
- 2,560
- Location
- S E Texas. Shepherd, texas
Wow! That is a really nice place!!!! Good luck!!
It has no HVAC in the shop but the interior is drywalled and finished, It almost seems too classy for me but I can adjust my views on that.If you don’t buy it, someone else will and you’ll be kicking yourself in the ***! That house/shop/acreage looks really sweet, plus I’m betting the shop is insulated and has ac?
What's the outside temps been there when you saw 115 inside? So far I've had 102 inside my shop and that's too hot for this 72 year old fart.....Mini split ac system will do well. I’ll be doing that with my shop….it’s been 115 inside my shop for the last week! Fans just make it feel like a convection oven.
Anything over 90 days you should reach out to the agent and ask if the seller is open to seller financing as long as the agent gets a finders fee. If it hits 6 mo on market it gets de-listed and the seller doesn't want that. Then you can talk with the seller and tell them you're willing to give them xxxx (usually their asking price or close to it) as long as they'll agree to seller financing terms which you would have a contract written up where you pay 0% interest or close to it. That will make your monthly payment much lower and no bank approval involved. Text me if you want more info. It's very doable.Boy, prices in Kingman have jumped since I bought a 3 bed/2 ba rental there just under 5 years ago. @Kern Dog when I saw that property I knew it would be on the north end of town. When I pulled up listings, I clicked on that one first based on location. Beautiful place and on the outskirts of town. 147 days on the market might indicate negotiability. Good luck to you if you decide to pursue it sir!
Prices are slipping down where I live too.Anything over 90 days you should reach out to the agent and ask if the seller is open to seller financing as long as the agent gets a finders fee. If it hits 6 mo on market it gets de-listed and the seller doesn't want that. Then you can talk with the seller and tell them you're willing to give them xxxx (usually their asking price or close to it) as long as they'll agree to seller financing terms which you would have a contract written up where you pay 0% interest or close to it. That will make your monthly payment much lower and no bank approval involved. Text me if you want more info. It's very doable.
Anything over 90 days you should reach out to the agent and ask if the seller is open to seller financing as long as the agent gets a finders fee. If it hits 6 mo on market it gets de-listed and the seller doesn't want that. Then you can talk with the seller and tell them you're willing to give them xxxx (usually their asking price or close to it) as long as they'll agree to seller financing terms which you would have a contract written up where you pay 0% interest or close to it. That will make your monthly payment much lower and no bank approval involved. Text me if you want more info. It's very doable.
Subject to deal is an option and KD would benefit from the owner's current low loan rate. He would get the title and pay the existing mortage.I'm a little confused. @Kern Dog is the one considering the purchase, not me. There are very, VERY few sellers willing or able to sell on contract. The vast majority have one or more mortgages to pay off, and most of the others want the cash for a new purchase. IF the seller would consider a contract, it would typically be above current rates. I have done some creative financing but have never heard of zero percent seller financing. Of course if you get zero percent your payment will be lower. I have written several real estate contracts on bare land in the last 5 years, and they have been at 6.5%. That was a reasonable rate for someone who could not qualify for bank financing, and it was a slightly above market rate for me. Now that rates have risen above that, I'm a good deal. Even so, I'm getting refied out of some because of the debtors desire to build, and my unwillingness to subordinate my loan. Have I mentioned that taxes suck?
Subject to deal is an option and KD would benefit from the owner's current low loan rate. He would get the title and pay the existing mortage.
Looks like a really nice place. As long as you can live with the 100 plus degree days. Been on market for 150 days, there has to be room for negotiation.It has no HVAC in the shop but the interior is drywalled and finished, It almost seems too classy for me but I can adjust my views on that.
If you don’t buy it, someone else will and you’ll be kicking yourself in the ***! That house/shop/acreage looks really sweet, plus I’m betting the shop is insulated and has ac?