Home Selling—questions & answers, advice and opinions page 214

Does a selling agent have to notify the seller when a counter offer is made to a potential buyer?
I have a house on the market, I received a offer, my agent sent a counter offer with out notifing me, is this correct or should I be notified before the counter is sent?
How can I avoid paying back the $8,000 first time homebuyer tax credit if I need to sell my home now?
I bought my home in August '09 and claimed the $8,000 first time homebuyer tax credit. But now I'm in the position where I need to sell the home to avoid foreclosure due to marital seperation.…
Home Sellers! Quick Survey: How do you find a Real Estate agent to sell your home?
A.) Word of mouth B.) Phone Book C.) Real Estate publications D.) Social Media: FACEBOOK, Twitter, etc. E.) The internet: Google, Bing, Yahoo, etc. F.) Neighborhood Real Estate "for…
In reference to the initial foreclosure summons and the response required. Examples of pertinent information that should be included would be helpful
Response to foreclosure summons what information should be included, what are they looking for? Should the real estate attorney negoiating the short sale be the responder? Any conflict of interest or is…
As a buyer's agent are you concerned about dealing with the Owner who is selling without seller agent?
Is this a concern for you? Why? What should the owner do to eliminate your concerns (except for hiring sell side broker) ?
Property taxes held in escrow may be short a few hundred dollars,with paperless statements the amount of escrow collected is not available
Taxes due begining November for 2010, if escrow account is short how would the seller be sure that the full amount is paid? Can seller send in a personal check once the escrow balance is known? How would…
How can I change the price & main picture in my listing @ 240 Outback Road, Jasper, Ga 30143??
My listing is on FMLS with new main picture & new price, now @ a$389,900. Please change this in Trulia. Or should I put in a new listing w/correct pictures & price.? Sherry Wendt, sherrygene@etcmail.com
Home Sale Question: Currently thinking of selling home in Oak Grove Meadows, Chesapeake 23320.
Understanding the market at the present time, knowing that and not having a crystal ball, call anyone give me some general advice if I should wait to sell another year or put for sale? Understand this…
this is my home and information Trulia has is WRONG.
How do I correct Trulia inaccuracies-bedrooms are 4, not 3, sq ft is 4200 w/basement, 3800 w/o. price in '96 was $400,000, not $40,000. -- This question is about this property: http://www.trulia.com…
If a realtor(not yours) shares why you are selling home (foreclosure) with prospective buyers giving them no reason to bargain,is that insider trading
Prospective buyer gave us her bottom line and if we didn't take it they wouldn't buy. It's $30k less that what we were asking. Their realtor comes from the same office that the realtor…
What is the best day to put property on MLS ?
Assuming the first open house will be on Sunday after property is listed what is a good day of the week to list the property on MLS? I assume for your first open house you want the property to have the…
What are the key elements choosing to sell your property with a realtor than selling it on your own?
Yet with all the benefits provided the commission a realtor charges is always a point of debate. Most realtors are frustrated in defending this service fee for which was agreed in the very start…
can we write off the loss of an appraisal that has multiple mistakes?
Our appraisal came in $34K less than our offer. We have a home that is 4875 sq (with an additional 2600 sq finished basement) that is custom with curved walls, high end finishes in a mature neighborhood…
Fireplace - gas vs wood burning?
I know what my answer is, but I thought it would be interesting to see what the real estate community's view is. We have a client who just bought a home that has a wood-burning fireplace and is trying…
We all hear enough negative news... Who would like to share a Buyer or Seller Success Story from 2010?
We all know how bad the housing market has been since 2006 with seemingly no end in sight... I would love to hear some enlightening success stories from this year. We all could use some encouraging news!
I'm thinking of selling my home for Sale By Owner. But I would like to pay someone a 1x fee to list it on all the For Sale sites.
I am not in a rush to sell but I would like to have the home listed. I don't want the constant pressure to keep lowering my price, so therefore I would like to do it on my own. Is there a service…
I run a business out of my home. The business is not making enough money. My business partner wants to purchase the home through a short sale.
I can no longer afford the home due to the economy being so poor and my ex has stopped paying me child support and alimony. My partner has invested in half of the equipment for the business. Can he purchase…
We have renters in our home in Mesa, AZ who think since we are doing a short sale they no longer have to pay rent?
We were forced to move back to CA for business reasons and rented out the home. We have lost so much on the property we decided to stop losing and sale the home. We started the short sale process and…
We.ve just had our house sale "killed" by an appraiser who compared our house to "remodeled" homes bought on foreclosure prices!
How does a seller in AZ market successfully market a property priced reasonably in the Arizona market when appraisors refuse to go outside the neighborhood to get real actual comparative sales? The appraiser…
Market in Green Valley (94534) - Eastridge and Rancho Solano?
I posted in Solano County but no agents answered, so I wanted to try posting here. Are there agents who know the market in Green Valley area of Fairfield in Eastridge and Rancho Solano gated communities?…
What are the best ROI improvements for resale value?
I am considering selling my end unit townhouse in Newton. There are 19 units in my community. What do you think are the improvements I should consider (if any) before selling? Which ones would have best…
Where can we find Rent to Own buyers?
Hello, My partner buys a lot of houses that we like to sell to Rent to Own buyers. I'm looking for anyone who has access to Rent to Own buyers, to see if we can get together and put some deals…
When your doing a short sale and if there is reduced pay-off at the end of the process, who is paying execs?
I and my husband want to do short sale, but we are in dilemma what is better short sale or foreclosure. We live in the area where we going to have reduced pay-off of our house. If there is any execs and…
What happens to the excess if you sell a home for more than the net price required by a lender in a HAFA approved short sale?
As most of you know, HAFA pays the seller $3,000 at closing for moving expenses. I have a case pending now that may net more than enough to pay all closing costs (agents' 6%, seller's $3,00,…
Will the market in Dorchester get better any time soon? Should I see now or wait?
I own a single family home in the Pope's Hill area of Dorchseter. It's a 5 room, 2 bedrm, 1 1/2 bath home. Right now it seems we may not even be able to get what we owe on it if we decided to sell.…
How attractive a $5000 credit at closing is to buyers who are actively shopping for homes today?
Since the federal home buyers tax credit is over now, maybe buyers are more likely to buy a house if the seller is willing to give them an equivalent credit?
Have a house listed in Irvine, had two offers, accepted one, buyer backed out of escrow, with the second one my realtor kept telling me that we will
get better price, now no offers since mid-March. Is there any activity elsewhere? My realtor kept telling me that his phone was ringing off the hook at the end of April and we would for sure get an offer...…
I have 2 /1.5 condo in Sunrise Florida.
I tried listing it for sale last year but it went up just as the market dropped. For the last few months it is firnished and “ready to move in.” I keep hearing how great the rental market is,…
Where in the MLS is the form I need that extends my 48-hr period to post my new listing?
I'm new to this and I'm nearing my 48-hr window...I know there's a form I have to fill out and have my sellers authorize an extension...but I can't find it! Help...
Should agents disclose their targeted operating expenses when taking a listing. To show why their services are not without a cost?
As an auctioneer we need to disclose our budget and expenses to establish our fee. This accounting simplifies the basis what the sellers is charged for ( ex. advertising cost need to be verified) Would…
Is there an agent in the Tituville area with experience assisting with shortsales?
I have a 3 bed, 1 1/2 bath condo which I am requesting a shortsale through my mortagage company. I still occupy the residence but is there anyone that can assist me with listing the property for sale and…
My house is on short sale process already. The bank with the first loan will accept less than the original loan, but What about the second ?
The bank with the first loan said they will contribute towards the second with some money ? Do I have to repay the difference or it will be negotiated between the banks?
How to increase traffic to "must get inside to appreciate" homes?
Here is the quandry - home is a knock-out on the inside, but has a dated look on the outside. I think this is what is standing in the way of traffic and with that, offers. Let's share ideas of how…
Anyone have tips on getting a short sale approved with US Bank?
I've submitted an offer, but every time I call I get different information. Would love to find someone at the bank I can talk to directly to get this moving along. The difference between the balance…
What is the best way to proceed , when you have a Seller, whom just declared Bankrupcy, and has a Buyer still interested in buying the property ?
We put my clients home on the market, This was a Short Sale with 2 BofA loans. We actually got the approval but my client decided to declare Bankcrupcy. The buyer still wants the property. How do I…
Our very nice, circa late '80s Carrollton home has been on the market for almost 5 months. It needs some
updating, but we've reduced our asking price by over $10k to account for this. Several folks have looked at our home, but not one, single offer. What are we doing wrong? Our home is in the $200k range.
Whats a small town within 30min of Tinker AFB?
I live 3hrs away from OKC in McAlester. I work at the army base here and would like to transfer to Tinker AFB in July when I get married. Me and my fiance both have been to okc area mabey 5 times in…
Garage Conversion
I am considering a garage conversion. This would add approximately 520 SQFT to my existing home which is now about 1600. This conversion will be done by a professional contractor and all required permits…
how do I search for prop ownership back to 69 in Utopia, TX? We no longer have the will saying we own it and someone else claims ownership to property
we don't have legal desc of prop. We read my father's will. It said his mom could live there until her death and then property would come to me and sister. Grandma never gave us will and it…
We own property between the road and where a company plans to quarry. They made a verbal offer. Should we accept the amount offered or ask for more?
My question really is whether they expect us to ask for more or not. We want to move anyway because our property is being devalued by the quarries moving in around us, but obviously we want to come out…
Can a California licensed realtor unilaterally terminate a listing agreement?
Had some trouble with the realtor, so canceled the listing agreement for the sale of the property to make some repairs, but kept an agreement in place for renting the property. The realtor said that their…
Follow up Question to "A potential buyer has asked us if we would rent our house to them until their house sells. What are the pros and cons?
" So based on the fact that the potential buyer is in AZ, which I hear is the 3rd worst place for resale, I would love advice on how to respectully decline without losing them a potential buyer in…
if you own a house and put it up for sale by owner, when a realtor approaches you with an interested buyer , who pays the realtor commission?
I have a house for sale by owner in Florida, a local realtor called me today and stated they have an interested buyer but asked me to pay a 5% commission. This doesnt sound right to me.
How important is the location of the selling agent?
I really like this realtor and would like her to list my home. Her office is 50 miles away, and she lives 35 miles from me. She said that local buyer agents will bring their buyers and her location…
what is the best media for advertizing new custom homes in this area?
looking to place ads for new custom home builder. What is the best type? Newspaper, internet or radio?
We just received our first offer for 280,000 for the house in deerfield. The buyer will not negotiate.
Should we have accepted and taken the loss? Taking this offer would require us to incur debt of about 30,000 to pay the difference in the mortgage payoff and the realtor commision. My realtor said she…
Received an offer on our house in Deerfield from a real estate agent. The offer included many
stipulations: Offer price 285,000 Buyer will waive his 3% fee (since he is also an agent) We pay for the title insurance policy (around $2,000) We pay 5% of the purchase price towards buyer's closing…
Bank of America Short Sale Question...
My realator sent in our paperwork for a short sale about 3 weeks ago and we were told that it would take 10business days for them to open an account. 10 days were up Friday and i called my agent today…
Our friends are moving to Calif in the next 6 mos. and need to sell. They are debating using a lower cost brokerage (3%) vs. full service (5% - 6%)
The husband is leaning towards the discount brokerages and the wife likes the full service brokerage solution because she recognizes the names. Those of you in the community can you really tell them…
How does a homeowner find the top selling agent in his area? What questions should the homeowner ask a realtor before listing with him?
Our home has been on the market for several months and only had 2 showings. I suspect the original appraisal/listing price may be inaccurate - though the realtor claims it is priced correctly. Also, I…
Another question asked about paying 1% to the listing broker and several people indicated that they couldn't cover their costs - what are the
costs? Specifically it was a seller in Cupertino. If we assume that the house is $1mm, 1% is $10,000 and if costs are not able to be covered, how does the RE industry function in a city where houses sell…
when will the property values go up for any corner houses in the Parkwood Neighborhood? looking to sell and know of some who are interested in buying
want to sell 3 bdrm/1 1/2 bath-connected garage- huge fenced in yard, nice side yard, nice front yard with nice curb appeal, many remodels done: re-placed underground piping, new roof, new siding, all…
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