Since you have no accepted offers with him, no, you do not have to keep working with him. If you have a signed buyers agency contract with him, you will need to cancel that (in writing) before you can hire a new buyers agent. Now, if you decide to submit an offer on a property he showed you, he may be entitled to the commission since he would be considered the 'procuring cause' of you purchasing the property.
You found the right agent. I am also from the Illinois area and sold real estate there for over 15 years. Hopefully I can offer you some assistance and insight for both locations. First, and most importantly, you need to hook up with a qualified agent in your hometown who can tell you the "average days on market" for homes in your neighborhood. You may be surprised at how much the market has picked up over the last few months. I keep in contact with several successful agents in the Chicagoland area and they have told me that homes are selling again. What part of Illinois are you from? As for rent-to-own in and around the Wausau area, I can help you there. While the supply is minimal there are a few seller's who are still open to this idea. But it is similar to trying to find a needle in a haystack. A lot depends on the price point you are in both for rent and ultimately the sales price. As the market recovers, ret-to-own becomes harder and harder to find. Give me a call or e-mail me when you get a chance. I would love to talk to you further and help you find a good solution. My e-mail is UW1988@charter.net. All My Best, Jennifer Gordon... more
First of all you do have some options. One of those is listing your property and possibly achieving a "Short Sale" on it. Although your credit will be effected, it will not be as severe as going through the full foreclosure process. Assuming you are fully foreclosed on most lenders current requirements would keep you from purchasing another home for 5+ years. FHA currently requires at least 3 years from your forclosure. This is most likely not what you want to hear but it is a result of our current housing situation. I hope it answers your question.... more
This home is a Bank Owned home. So I am aure the would be willing to negotate the price.
We do not know the age of the roof or furnance because of it being bank owned.
I always suggest a home inspection and the inspector can tell you the approx. age of everything.
If you would like to take a look at this property - feel free to contact me.
Coldwell Banker Action
In todays market there are more rent to own homes out there than there used to be.
Sellers are in jams and need to get someone in right away. I must warn you that some sellers
will want you to put a downpayment down but some will not.
What price range are you in? I do have some contacts that do rent to own. There really isn't a published list or website of these homes but I would be happy to work with you in finding something. Sometimes Realtors won't work with people on this because there is little chance that they will get paid from it. But I would be happy to help!
Lana Stollenwerk (715) 212-6753
Heather, Do you have the address? Street name? Real Estate company? C'mon--be more specific!! If you have the agent's name, call them! If you don't have the agent's name then call the RealEstate Company! If you have the address then go to Realtor.com, if you have the Street then call any real estate agent in the town where the property is located and have them look it up!... more