lancseller

Thanks Keith. They can't get a mortgage b/c they are self employed. They recently opened a business within the last 6 months and need to show 2 years worth of steady income to get a mortgage. I am not real concerned about them being able to pay us- their credit scores are decent (high 600 for him and low 700 for her) and they have no history of collections or even late payments beyond 30 days for all their credit cards and student loan. They have cash- they just don't have a lot of reportable income in the past for tax purposes. But I found out today that we probably can't do this type of sale anyway b/c of a due on clause sale on our mortgage. I realize we have been on the market a long time and its probably price but we already reduced a few times and other similar homes have sold for our asking price so I am not sure what is going on there. I have been in some of them and they do not even have the updates we have. We are not upside down in the house yet but we put so much blood, sweat, tears and money into it that its hard to keep reducing it. If it comes down to it, we probably will end up renting because I just can't bring myself to "give it away" which is what I am already feeling like we are doing. - Mon Aug 25 2008, 11:52

thanks, thats what I thought. You just confirmed that my agent is not living up to my standards. its sometimes a week before follow up. - Mon Jul 28 2008, 09:04

To give you some more info, we have had our home on the market now 6 months. We've lowered the price, put about $10K worth of repairs/upgrades into it since the listing and had several open houses. The agent is one who we have used on three previous transactions and chose him out of loyalty but now feel we are being taken for granted. We are probably his lowest price listing and I feel we may not be getting the attention we need. He doesn't even host the open houses himself. He has another agent do them. We didn't sign a contract because we didn't want to do business that way so there is no time table we need to wait for. I just wondered how long is long enough? - Mon Jul 14 2008, 10:46