It will probably depend on your contract. Usually you as the seller will receive a list of items that the buyer wants taken care of before closing based on the inspection. If that's the case, you should be okay, but talk to your Realtor just to be sure.... more
A home warranty when purchasing a home is very smart. 95% of the offers I write include asking for the seller to pay for the home warranty, and I normally advise my clients to upgrade their home warranty to cover air conditioning. If the seller doesn't cover it, I usually take care of the expense.
The answers below are correct, you can't do a short sale on your property and buy a new one for several years. My advice if you want to save your credit is to make sure you need to sell now. Can you hold on to the property until you have more equity in the home?... more
Fight the BPO- Appraisal- It is a long shot but I've had this happen several times. If your agent can show other comparable values in the lower price point sometimes the bank MAY consider it. IT is unlikely, however if enough time has lapsed from the last BPO/Appraisal sometimes it will expire and you can try again if you are in a community that the values are declining. If the area market is in recovery and values are going up, you haven't got a chance. Another strategy is to show items on the home that are major cost in repairs showing pictures relating to those items or contractors repair estimates can also affect the banks decision. It is a challenge in convincing the argument but your agent has to be somewhat forceful and tactful in communicating the issues. Good example of this is an AC unit not working. I was able to negotiate it to be replace by the bank to sell the home to a first time home buyer with FHA financing but not the Cash investor buyer, instead was able to get the bank to reduce the price in lieu of the ac unit on the cash purchase. This may not be the be your situation. But if you are creative you may think of some serious issues that need addressed in your home to reduce the price. Just a thought.
Best Wishes for Success!
Susan Black... more
I suggest to my short sale sellers that they start with a conversation with an attorney that has experience with the process. Do that - so that you understand the process and implications. A local agent will be able to provide suggestions on the attorney front.
Good luck to you,
Unwavering Commitment to Service, Unsurpassed Results... more
Was by you property just today. I'm in the post ofice regularly.
Selling commercial is much different than residential. Your marketing has to be focused toward enterprise. You need more than a residential agent to effectively market your property as a commercially zoned property. I see mostly you are currently marketing toward small mom pop type operations, which is probably what your bldg on the property is best capable of being used.
The growth on that corner is primarily due to WaWa and it's traffic. That's a good thing for you. But more so attention would be better given toward commercial developers, especially in this tight money. Imagination and a good marketing plan may move your property. But don't expect a commercail deal to go 123 like a residential. They take a long time to cater and make happen. Smaller operations can work but you need a strong model. Don't just shoot arrows in the dark. An agent who has a focused plan will do best. Make them develop a plan of marketing for you. Let them show you a target they are shooting for. MLS can be the luck, but you need more than luck , you need your agent to make things happen. Make the deal work and hold on tight so nothing falls through the cracks. Like I said it could take a long time, expect a long process. The money avail for commercial is tight big or small.
Any further questions I welcome you to contact me personally.