Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Off Topic
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

User Stats

140
Posts
36
Votes
Delmas Edwards
  • Warren, MI
36
Votes |
140
Posts

Please help!

Delmas Edwards
  • Warren, MI
Posted
24814 Kelly Rd Eastpointe Mi $99,000 | 3 Bed 1+ Bath I wanted to offer 90K and get full concessions at 6%. But the lender and realtor told me that they wont take 90. By the time they pay commissions, and concessions they are giving 11k away. Their bottom line is 79k after that. They just dropped the price from 110 to 99. The agent for this particular home told him today on the phone to get 6% in concessions it would need to be like 103k offer. You can send what you want, but they will most likely turn it down. Not following the math...the seller gives 6% of the total price. Which would be 6000k on 100000k. Not 300. Or 600. Market value is different when the house is completely remodeled right?

Loading replies...