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Need your input


               
2011 Jul 18, 4:52am   1,875 views  8 comments

by Akki   follow (0)  

I recently heard about a scenario where house asking price is $400K. But Real Estate agent told that he can get the house for $350K but ask to pay about $20-25K in cash (apart from the down payment and closing cost) that will not be covered by mortgage. Anyone know why they do like that. Is something like this can happen ?

#housing

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8   FortWayne   @   2011 Jul 19, 1:18am  

No realtor service is ever worth anything close to that. They are just a middle man in the transaction. All he does is present your offer, you can do that yourself.

Paying someone a bribe of 25,000 for doing absolutely nothing is stupid. You can pay me 25 grand I'll reduce the price for you the way a realtor would... I will simply offer 350 and pocket the 25. Not a bad profit for making one phone call.

Why are you spending so much money of a wooden box with a door? 350 is a lot to begin with.

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