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Help-U-Sell Southern Oregon
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- 11 Answers
- 4 First Answers
- 5 Useful Answers
Have been a property manager and Realtor for over 18 years. Specializing mainly in residential and multi-family units.
Charles hasn't asked any questions yet...
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Neel,
It all depends. Did you sign any agency paperwork with the buyers agent? Who provided the first info on the particular house, you or the agent? Basically, if you did not sign any buyer agency paperwork with the agent, you are free to move on to any agent you want to deal with. However, if the buyers agent is the one that first showed you the house, if he is the one that first mentioned this particular house, then if you buy it he is still entitled to a commission since he could argue that he was the procurring cause.
Best way to proceed would be to let the buyers agent know your concerns. Trying to eliminate him just to get a better deal from the seller will not work. (the sellers agent will likely try to keep the whole commission) If you absolutly can not work with this particular agent, ask for a referral to another agent from his office. - Wed May 14 2008, 11:19
Big N,
I agree with Jeff. Another way to look at it is how close would/do you want your neighbors? If you want a little space go with the detached house.
As to why are they priced the same.... Are the detached homes you looking at new like the townhomes? Are they the same square footage? Do they offer the same amenities? If the answer is yes to all three, then the only other mitigating factor would be the location. If the answers are no, then you have your reason.... - Wed May 14 2008, 11:08
Depends on several factors: 1) What is your financial situation? Your lender will more than likely not finance more than the appriased value. In that case you would need to make up the balance. 2) How was your purchase agreement written? Did it include a clause stating that the home needed to appraise at minimum for the purchase price? If it did, you can walk away from the deal if you do not want to bring more money to closing. 3) How badly do you want this house? Are you willing to pay more than it is 'worth'? Try using the appraisal to renegotiate with the sellers and get some more concessions from them (lower sales price). Are you represented by an agent? He/she should be helping you out with this.... - Wed May 14 2008, 10:51
As mentioned below, you can go to a local title company, or you can go to the county recorders office. If you are working with an agent, tyhey should be doing this for you. If you are not working with an agent, call up a reputable real estate company in your area and ask them for advice on how to proceed. A good agent will point you in the right direction, regardless of if you are their client or not. - Wed May 14 2008, 10:37
One course that is often overlooked by most agents, but which I believe can be an invaluble tool is Landlord-Tenant Law. In today's market, with a lot of our homes being rented out because they are on the market so long, a good understanding of tenant rights and landlord rights is essential.
Too many times have I heard horror stories from both tenants and other agents in regards to misunderstanding/ ignorance of these laws. Sadly, in most cases it is the seller who ends up paying for this ignorance. - Wed May 14 2008, 09:54