Michael A. Cochrane

I'm guessing that if your Listing Contract is about to expire in three days and you haven't heard from your current Realtor, you are doing the right thing in speaking to a different Realtor because it sounds like the communication level hasn't been all that wonderful to begin with. Remember too as you choose another Realtor that you want to establish a communication plan / schedule with he or she and then hold them to it! I personally touch base with my Seller's once a week even if it's to report that nothing is going on so that they at least know I'm still there and working on selling their property. Remember too that when you hire a Realtor you are basically in a boss-employee relationship. You need to let them know when you think they are doing a good job as well as when you think they could be doing more. If you have questions don't wait for them to call you, pick up that phone and call them! And all my best to you in the sale of your property! - Wed Jun 25 2008, 10:51

All banks should be more than happy to negociate, but before you make that offer remember these few items: The bank will usually only sell this property As-Is. That is to say that if repairs are found to be needed after an inspection, they are not willing to do anything about them. Also remember that the bank is most likely asking a price that is already below what comparable properties to it are currently selling, so coming in with an extreemly low offer on an already reduced price is probably not in your best interest to do if this is a property that you really want. Remember too that if this property looks desirable to you, it most likely looks the same to other potential buyers at the same time. By coming in with a really low offer you might lose out to another offer that comes in higher than yours. And last but not least, you need to get yourself pre-qualified before you make any offer, and be sure to engage the resources of a licensed Realtor in your area to help to guide and protect you through this entire process. If you'd like I can recommend a good one in your area. Just send me an email at http://www.michaelcochrane1@verizon.net and I will be glad to help. - Wed Jun 25 2008, 10:36

One true way to tell if the market is changing is to talk to your friends/associates/partners working in a Property Management capacity. For us here in Sarasota, Fl. we've always been able to link the number of rentals and inquiries for rentals to actual sales volumes at any given point in time. If rentals are up, then make sure you get yourself out there and work it! - Sat Jun 7 2008, 07:33