Whomever told you this doens't know what they are talking about. If the home you are selling is your primary residence and the credits you received were for energy improvements you do not have to repay them. You can confirm this with your tax preparer or accountant. If you think about it, why would homeowners be interested in tax credits that they would ultimately have to pay back as income for improving the energy efficency of their home? It defeats the purpose.... more
The agent did present to you a verbal offer which is part of doing his/her job. As a seller's agent, we have no control to force a buyer to produce a written offer. In the business, if a buyer decides to make a verbal offer then at some point, a written offer is produced. If it doesn't, then the offer is not enforceable unless in writing.
The fact that you countered the offer you has now made the original offer dead with yours as the new offer. by the indication that the buyer had lowered their original offer cancels your offer.
Had the buyer's agent on behalf of the buyer gave your agent a written offer, from the sequence of events, you still would not have a contract at this point.
It sounds like your upset. Have a talk with your agent. Go over the process of selling your home and what to expect to include specifics on how you would like to have offers presented to you. Its our job as agents to present verbal as well as written offers as soon as we get them but you have options to such as choosing only to receive written and not to any verbal before acting on it.... more
There are many buyers rushing to buy because of the first time buyer tax credit and repeat buyer tax credit. We have no idea what will happen next year. If you put it on the market now and sell it, you can rent something till you retire and leave the area when you want to. If you wait till next year , you may not be able to time it and it will cause more stress. You are in a better position now because you do not have to sell.... more
I am not a real estate professional but do have a townhouse that has been rented in Fairfax County for the last 6 years. I have had only one month in six years that it was not rented. The property management company I use is Residential Management Services in Burke, VA. The phone number is 703-503-1234. Good luck with renting out your home.