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01473 : Real Estate Advice

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  • Home Buying1
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Wed Jan 20, 2010
Mary Andolina answered:
I would definately ask my realtor and the bank lawyer. If theseller's realtor says no oil comp, that is right because it is the bank's information. Home buying through short sale is tenuous to say the least, however if the realtor knows the seller has threatened you, then I would definately feel that your choice is to reveal the threat to your broker or your lawyer, only because you were told no oil comp. Perhaps the seller's realtor will pay the oil comp to the seller if it means no sale. You were told there would be no oil comp. I can understand why you would be confused.
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Mary Andolina, Broker Associate of Kinlin Grover.
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Wed Jan 20, 2010
Wen Farina answered:
Your best bet is to contact a Realtor to do a CMA on your property. This report is free and it is offered by most Realtors. This will give you an idea as to where you are as far as value, but remember that the CMA is only a guide, estimate of value. No one can tell you how much you can get for your property, the market determines that but with a CMA you will have a somewhat close idea of what you can get.

Wayne

waynef@century21.com
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