All Forum Posts by: John Williams

Does offering a large amount of earnest money hurt your ability to negotiate a lower sales price?

I was thinking about offering $20k in earnest money on a $180k house. They are asking for $185 and $1k in earnest money. I want to show them that I am serious but I don’t want them to think I can afford/I am willing to pay $185.

Should I or should I not offer a large earnest deposit???

Thanks!

@Jason Lawrence Thanks Jason!

@Russell Brazil These are some good ideas. I was just curious how to acquire properties in that price range if no one wants to show them to me. And I get it, it literally isn’t worth their time unless I’m bringing hem quite a few deals. I was considering getting licensed anyways. Thanks!

@Russell Brazil $60-80k

I looking at cheap, distressed, and foreclosed properties in my area. However, no agents seem to “have the time” to show me these. I think the real reason is because they won’t make much commission off of these homes or they think they are wasting there time or something. Are they not taking me seriously? The goal here is to find houses under market value but agents don’t seem to want to help with that. They keep trying to upsell me saying you won’t like that or that property is terrible. Advice?

I am planning on getting my RE license in Tennessee. I am doing this so I can have full access to the MLS, avoid commissions on RE transactions for my own RE business, and act as an agent for the general public as a side gig. Does anyone have any thoughts on this plan? Does anybody have tips for someone who is trying to get their license and just getting started as a real estate agent?

I’ll be moving to Clarksville, TN from out of state in January. I am trying to buy a house. How can I do market research from out of state? Normally I would drive through neighborhoods to get a good idea of the “good areas.” How else can I determine where I would want to buy without actually having been there?

I am moving to Clarksville in January. I have only driven through the city 1 time. I am very unfamiliar with the area. However, I know that I want to buy. Where should I buy? Where are the good areas? Why? Where should I absolutely avoid? Why? Thanks!

I am moving out of house next month. I am going to turn it over to a property manager so she can rent it out for me. Do I need some sort of additional insurance to protect on top of my home insurance? If so, what kind do I need? Thanks!

@Bryce Stclair Thank you for the clarification! I guess I just found it odd and hard to accept that there is a minimum loan amount. You would think there would be a maximum limit as opposed to a minimum. Well, I’m learning! Thanks!