3 things to know about 2014 Real Estate According to David Berson (chief economist at Nationwide) 2014 should prove to be the strongest year for housing activity since 2007 1) Home sales are supported
While this story may look gloomy for many of the hot, national real estate markets, it may be promising for Connecticut. House prices have trailed the nation since the beginning of the Connecticut recovery
Cash remains king in the market place. Overseas investors and local investors disappointed with bond and CD yields below 3% are flocking to real estate, profiting from depressed values and strong rental
Your first step should be to locate and hire a REALTOR, not just a real estate agent on an exclusive basis. Be sure your REALTOR has a minimum of five yearsâ€™ experience and 100+ transactions.Â
This week the Atlanta Journal Constitution reported that Atlanta has the highest concentration of negative equity in the United States.Â More than 40% of homes are underwater.Â This is due in part
Low inventory and rising prices have created a situation where multiple offers in hot markets are increasingly common. When prices are rising and new listings are priced using 3-6 month old comparable
Was the offer negotiated verbally or it was presented to you in person/via email?
If the offer a verbaly low offer, f.e., and your agent just ran it by you as an option for a while (not even thinking you'd consider this offer) - and then, when everything firmed up, she presented the offer officially and disclosed her status with the buyer - this may not be a problem...
If this was not the case, then the proper disclosure was not done timely, and this needs to be discussed with your agent and her broker.
Re. the buyer - why would the property be shown to the buyer, if you are in contract?
Unless this is a short sale and you want receiving back up contracts, you should not be showing the house any longer.
Every realtor, who is both a listing and a selling agent, has to treat both clients fairly and ethically.
In most cases, it will work fine, as long as you are happy with the terms of your contract.
Hope this helps,
Beachfront Realty, Inc.
Deal of the Week Click above for exclusive video Â Very close to Yale and downtown New Haven, CT. This building has 9 residential units with eight 3 bedroom & 1.5 baths and one 2 bedroom unit with
Verify Legal Units on a Multi-Family Investment Property, 2-family, 3-family (New Haven, Meriden, Waterbury, Connecticut, CT)Â Â Â When buying a multi-family apartment building, it is extremely
Peg I know that they do not cover this in your state liscencing classes but you need to talk to your broker about compensation and showing properties. As an agent you need to become very familiar with how you will be compensated.
Joan check the rules of your broker to broker exchange if the agent/broker is not a member of the local MLS you as the listing brokerage do not have to provide compensation to the selling broker.... more
To answer your question, the quickiest way is go one of the real estate office windows and see which agent has the most listings. Of course, this doesn't mean they have the most closings. I think this is what you are really asking, "Who can get my condo sold the fastest and at the highest price?" When you listed with your current agent, I'm sure you thought they were the one. Were they realistic about the listing price? Things aren't what they used to be. The marketing needs to change with the new reality.
P.S. My experience is with multi-families, not condos. So I'm just trying to give you some advice.... more
You need to look into recent sales IN YOUR COMPLEX and units with the same number of beds / baths. That will give you an idea of the value (compare condition from there). Also is it impossible for a dual agent to negotiate the best deal for the buyer and get the best price for the seller. It's likely the agent is recommending they accept a hubbard offer b/c your willing to over-pay for the property. If thats the case, if you could potentially owe much more than the unit is worth from day one (a home you will not be able to sell for a looong time). Shoot me an email and ill send you the comps in your complex.... more
I suppose I am not supposed to give 'legal' advice, so I'll try to keep it as close to 'real estate' advice as possible. Generally, recourse on delayed closings would needed the term 'Time is of the essence' on the contract and/or a specifically stated a penalty for days past the the agreed closing date. ex: "$100 per day delayed past the agreed closing date." Contact a lawyer for details.... more