Ok TAKE A DEEP BREATH IT WILL BE OK! Hahaha
It is quite possible the agreement could have been for a year. I know some agents that will do standard 3 or 6 month agreements. Some like to have every one go till December 31st for simplicity sake.
The reason why realtors are sometimes loose on the length is because exactly what you said. It just is not good business to try to hold a buyer to an agreement they don't want to be a part of. This is a customer service biz, and in truth the realtor did not contact you for 6 months. I contact people at least every 2 month's that is in your situation, because guess what I would like to still have your business! You feel good with the other realtor AND THAT IS JUST FINE!
There is a legal side of things when it comes to procurement. Bottom line? Everything you said in the question makes sense to me. If you feel this current realtor deserves your business then just tell prior realtor about the situation. If the contract is still current request a cancellation (and request a copy of the contract too). That way you can provide it to your new realtor and move on.
I like to think the majority of realtors out there will understand and do what is best for YOU. Hopefully this guy or his broker does not make a mess of things. Just remember at the end of the day we realtors are here to serve the customer. If you are happy with your current situation then that is how it should stay.
Hope this helps!
Realtor North/NE Suburbs
Five to 10 years is the average time one typically owns a home before moving again. Typically, your selling expenses will be small enough that you can still show a profit. Many others believe that is a sufficient time to leverage these great interest rates and hopefully see a modest return on your investment. Especially in the under $250K range, it is more likely that home bracket will see better appreciation that the upper brackets.
If you put $20K down a $200K home, and in 5 years the home appreciates at 3% per year (by the way this last year the average was 7%) then in five years it'll be worth $230K. Subtract the original value and you've ROI of $30K on top of your investment of only $20K. Granted this is simplified not to include mortgage payments (which are substituting your rent) and any improvements. But where else can you turn $20K into $50K in only 5 years?
Hope this is helpful.
Counselor Realty, Inc.... more
1. could be a week, banks can be slow.
2. The acceptance date on the contract will be the date for all contingencies, regardless of when the bank signs the contract.
3. Final approval is when they sign but they may never really tell you if different. They want to sell you the home and a lot the language is to protect the bank.
4. Your agent will stay on top of this contract, and other than poor communication (from the banks) these deals usually close and you will be a home owner... more
Hi Phenom --
According to the National Association of Realtors (NAR), lender owned properties sell at a 20% discount and short sales (where the seller owes more than the current market value) at a 16% discount.
Does this help?
Great question Brie!
There are some good areas in both Minneapolis and St Paul that could meet those needs. I'd be more than happy to give you a tour when you're in the area. I have many ideas around the Grand Ave area in St Paul or along Selby. You might also like many of them in SW Minneapolis...all depends on what kinds of shops and eateries you enjoy. We can talk about it too.
Every appraiser and every appraisal is uniquely different. In a general sense, your new home should appraise for something around $250K...unless something is unusual that you have not mentioned.... more
We have a similar home for sale in Andover right now, we priced the home by fsf and amenities. The layout will either work or not for the next buyer. It does provide for all living facilities on one level which is a bonus for the baby boomers or anyone wanting that feature. One level town homes do sell for a premium over multi level homes. As the buyer you are the ultimate jidge on whether that is a benefit or a drawback.... more
Minnesota? Or Norristown, PA? I have a couple referrals for you either way.
Email me in private at firstname.lastname@example.org
Eric Axelson, Associate Broker
Kurfiss Sotheby's International Realty
The direction you should go should be inside the language in your CD.
Should tell you what to do next.
If your having trouble, I can put you in touch with my closer that's extremely familiar with executing
Let me know!
If your talking about Nicolette Ave S it's
BRAVE NEW PROPERTIES LLC
ATTN CRAIG BAILLIE
2303 KENNEDY ST N E #501
MINNEPOLIS MN 55413
Try there 1st. If you don't make any head way and would like to get serious you should call the
number on the City's Rental License in the entry way.