Homepath Homes

[Kristine Eickman]

I found a Homepath home that I am interested in. I talked to a Homepath mortgage person because I did not know much about the program. He told me that the list price in non-negotiable and it is what it is.

Problem is that this house is HUGELY overpriced. It is listed at $190,000. It is totally stripped home with not even any appliances. The home right next door (which is exactly the same because they are townhomes) is listed at 191,000 and it is fully furnished!

I pulled the stats in the the last two months 2 totally stipped townhomes sold in this same developement. One at 151,000 and the other at 140,199.

Why in the heck would I pay $190,000 for it?

So was this guy telling me the truth that they are non-negotioable?

Kristine

[Prashant P.]

Whoever you talked to was most likely wrong. The houses on Homepath are overpriced and usually sit on the market for a while. The ones that are priced right are off the listing within a day.

I would talk to the listing agent for the property. The Homepath programs is not too widely known among mortgage people so the person was misinformed.

I negotiated a house down by $25K and it was a homepath house.