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MVP'08
- 344 Answers
- 31 Best Answers
- 125 First Answers
- 385 Useful Answers
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About Me
My husband, Dmitry Koublitsky, and I are Realtors with SKBK Sotheby's International in Birmingham, Michigan. We are "high tech - high touch" Realtors, who pride ourselves in the results we achieve for our clients. If you are in need of real estate marketing services or buyer representation in Southeast Michigan, please call us at 248.430.4450.
Sellers, we have one of the most innovative marketing programs in the market. Our results speak for themselves. Among other things, we can "feature" your home on Trulia, so it will come up higher in search results.
Sellers, we have one of the most innovative marketing programs in the market. Our results speak for themselves. Among other things, we can "feature" your home on Trulia, so it will come up higher in search results.
My Q&A
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Maureen Fran…'s Questions (31)
Maureen Fran…'s Answers (344)
Maureen Francis, Birmingham MI answered:
Price, Condition, Location.
You can't change the location. Make sure the condition is good. Make sure the price is GREAT.
There are lots of homes selling right now in Metro Detroit. They have one thing in common: a good price (in the buyer's eyes).
Good luck.
You can't change the location. Make sure the condition is good. Make sure the price is GREAT.
There are lots of homes selling right now in Metro Detroit. They have one thing in common: a good price (in the buyer's eyes).
Good luck.
Maureen Francis, Birmingham MI answered:
Alma,
I can't think of anything you can do to get that house at your price if the builder will not accept it. The only thing you might be able to do is ask the builder if he would carry a second mortgage for the difference, but the payment of the two loans would probably be more than you are comfortable with.
I can't think of anything you can do to get that house at your price if the builder will not accept it. The only thing you might be able to do is ask the builder if he would carry a second mortgage for the difference, but the payment of the two loans would probably be more than you are comfortable with.
Maureen Francis, Birmingham MI answered:
You are the buyer and the agent, but you have your own agent? I am confused.
If you accepted the offer in writing, then you are in a deal. Do you have any contingencies left? Inspection? Mortgage? Could those get you out of the deal legitimately?
I believe the agent is correct about your 2 options, but you should consult an attorney if you do not plan on proceeding. Also the bank could sue you for specific peformance, though I doubt they will do that.
If you accepted the offer in writing, then you are in a deal. Do you have any contingencies left? Inspection? Mortgage? Could those get you out of the deal legitimately?
I believe the agent is correct about your 2 options, but you should consult an attorney if you do not plan on proceeding. Also the bank could sue you for specific peformance, though I doubt they will do that.
You are the agent and the Realtor? You have your own agent? Or are you talking about the bank's agent.
If you signed accepted the offer in writing then those are your choices. Close or forfeit. If you forfeit, the bank could sue you for specific performance, though I doubt a bank would actually go to that length.\
Consult an attorney.
If you signed accepted the offer in writing then those are your choices. Close or forfeit. If you forfeit, the bank could sue you for specific performance, though I doubt a bank would actually go to that length.\
Consult an attorney.
Maureen Francis, Birmingham MI answered:
I presume you mean code violations? Not really sure what you mean.
If a home is uninhabitable, many borrowers will have trouble getting a loan. A seller can sell under any non-discriminatory terms they want.
Personally, I would be delighted to have a cash buyer, and I would not be concerned it was a scam.
If a home is uninhabitable, many borrowers will have trouble getting a loan. A seller can sell under any non-discriminatory terms they want.
Personally, I would be delighted to have a cash buyer, and I would not be concerned it was a scam.
Maureen Francis, Birmingham MI answered:
Apparently the assistant did not know what the agent knew. The agent and the assistant are the only ones who might explain what happened.
Whatever happened though, it sounds like this house is not available anymore. You can tell them that you would like to leave in your offer as a back up.
Whatever happened though, it sounds like this house is not available anymore. You can tell them that you would like to leave in your offer as a back up.
A home cannot be sold twice. If an offer has been accepted, they cannot accept another offer.
Dealing with banks is tough, especially when there are competing offers. You did not get screwed, and you do still have a chance if this buyer does not like the inspection results.
Does not sound like you have a buyer's agent. Bank deals are much harder to negotiate, and you don't pay the buyer's agent, so I strongly urge you to get one. You will not be given the commission (the listing agent will get it if you are unrepresented) so you would be better off to have someone helping you navigate the REO world.
Dealing with banks is tough, especially when there are competing offers. You did not get screwed, and you do still have a chance if this buyer does not like the inspection results.
Does not sound like you have a buyer's agent. Bank deals are much harder to negotiate, and you don't pay the buyer's agent, so I strongly urge you to get one. You will not be given the commission (the listing agent will get it if you are unrepresented) so you would be better off to have someone helping you navigate the REO world.
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We specialize in luxury homes, first time buyers, and innovative marketing for sellers.
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Realtor for SKBK Sotheby's International Realty
July 2001—present
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