myths or facts by real estate agent

[Jason Malabute]

I was talking to my agent today. He. told me 3 things. In your experience how accurate are they?

1. Anything that appears to be a health or safety hazard on a potential property needs to be repaired BEFORE  it qualifies for financing.

2, sellers usually are willing to make/pay for minor repairs such as chipped/peeling paint, cracked windows, exposed wood or things of that nature. However major repairs costing anything more than $1,000-$2,000 then they will not. You as the buyer can always offer to fix these major repairs but it is not recommended.

3 Realistically, offers should be no lower than $20,000 from listed price to be considered seriously. 

Thank you, 

Jason

[Wayne Brooks]

1 and 2 seem accurate for FHA financed properties.

3 depends on market conditions, listing price and price range.