It may depend on the rules of the Association your Realtor belongs go. My Association only allows broker tours every 30 days or when there is a 5% reduction in list price. It doesn't hurt to have a broker tour as often as the rules allow. Best of luck to you!... more
It is very inconsiderate when buyers do this kind of thing. Many buyers do not realize that soon they will be sellers and they will not want to be treated like this.
The problem that, what has been going on, is about 1 out 3 transactions have not been closing due to lenders. Lenders who have no I idea that there is a contingency date. They do the appraisal just before the closing date and all kinds of things like that. So the courts were getting loaded up with people fighting over deposits.
So the Realtors changed things last year, so that now, in order to remove contingencies from the contract you have to do it in writing. That way the buyer has a chance to contact their lender and be sure they really going to fund their loan. They did not want to do it, but really were forced into it, as it was becoming quite a mess.
But a contingency the way I understand it, is that in order to back out, you have to have a justifiable reason and everyone agrees on these reasons up front.
"We are just backing out," and we think we can do that because the contingency period is not over with in my opinion does not satisfy that definition.
So in this case Monday, Sunday or even Saturday does not have anything to do with it. They cannot just change their mind. If they had showed up on Monday or even next week and said, we are backing out based on a contingency, and the contingencies had not been removed in writing, there is not much you can do about it, but that is not what they did.
They do have 3 days after the home inspection to change their mind, and do not give a reason. Unless they are in that time period, I would definitely consider making a play to keep that deposit, and point out that if it goes to court you could be awarded up to 3% of the contract price, and they would have to pay for the attorney fees, when they lose, on top of the deposit. So If I were your agent, I would write a carefully worded letter. I would say I am "recommending" that my client not sign the release of funds, pointing out that if we have to go to arbitration I will be asking for a full 3% of the price, and point out that the loser does have to pay all attorney fees. Then they may just roll over and give you the deposit. Whether you want to go to the mat to get it, I would leave it up to you.
The fact of the matter is that you have taken the home off the market for 20 days and lost marketing time. Also, your home will be viewed by future buyers as " That home has been on the market for a while, I wonder what is wrong with it." You have been financially harmed.
On the other hand, I would be quick to point out that life is too short to be fighting over this kind of thing, it will cause you a lot of stress and will be very time intensive to go to court etc. life may be a bit easier if you let it go and go on to the next thing, get on with the business of selling your house. Concentrating on selling your house will probably get you more money than you would get if you are concentrating on fighting over their deposit.... more
Truly does not allow FSBO. However, there are many sites that will allow you list. Research shows that listing with a brokerage can sell your house for more money, faster. My advice would be to talk to a local Realtor and find out what they can do for you.... more
I agree with the answer below that looking for an agent that will give a a deal to get the place to the MLS would be in your best interest. If you do not pay the buyer's agent a few this could result in a failed attempt to sell your home. After 16 years at RE/MAX I have sold many FSBO homes and help many FSBO sellers do a reduced compensation package.
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Look at the upper right hand corner of the Trulia screen, there is an arrow next to your name when you are logged in. Flag down to Profile, then on the left side tool bar you will see Edit Profile, upload photo is it the top.
Hope this helps,
Preferred Real Estate
You state, â€œUpper end sellers are unrealistic on prices.â€
Iâ€™d respond by saying, â€œThatâ€™s their prerogative.â€ When their homes have been on the market for months and donâ€™t sell, theyâ€™ll learn. Or theyâ€™ll take them off them off the market and â€˜waitâ€™ for the market to â€˜improve.â€™ If it ever will. And if they DONâ€™T learn, itâ€™s not because they havenâ€™t had plenty off opportunities to do so. On the whole, the upper-end homes belong to very well-educated people. They try to figure the angles on everything and then work the system to their advantage. Once they think they have it figured out, theyâ€™ll insist on doing it their way and will just have to learn their in own way and in due time. No amount of â€˜splaininâ€™ from me is going to work.
Some of them just need another degree â€“ from the school of hard knocks.
And then you further say, â€œThey need a push to sell NOW!â€
To which Iâ€™d ask, â€œWHY?â€ People sell for a number of reasons that relate to personal motivations. Iâ€™ve learned over the years that it is not in my best interest to try to motivate anyone in real estate. Iâ€™m a facilitator, not a motivator. Thatâ€™s why my clients keep coming back: they know theyâ€™ll get honest answers without the drum beating and hyper-sales pitch. When they ask for my opinion, Iâ€™ll give it to them and it will be based on solid market data and analysis, not hyperbole.
And then you finish with, â€œShould we not be on the roof yelling to the upper end fence sitters, "NOW IS THE TIME TO SELL, BEFORE RATES GO UP!"â€
Hi Bill, can you give me more facts so I can try to answer your question properly? It seems to me you are talking about negotiating a modification. I will be happy to answer if you let me know at what point you are in the process, and what conversations you have had with WF so far, whether you have received anything in writing from them, etc. You can feel free to send the answers directly to my email if you like so you do not have to post any personal information in a public forum. I will attempt to help you as best I can with techniques and advice.... more
The biggest issue that clients have with Realtors is communication, according to NAR surveys.
The best way to prevent communication from being an issue is to discuss expectations up front. As you can see from the variety of answers there are quite a few different perspectives. Most Realtors have a system.
I arrange for sellers to be able to view the marketing activities through a web portal, anytime they want to know what we are doing, it's all there. We talk once a week about the market while on the market, until the property is soldl.
Once we entere escrow the commiunication is based on the contract terms.... more
I think you must mean Concord, New Hampshire, or some other state? :) I 'm near Concord, CA and 2392 square feet on a 1/2 acre lot for 200k 'ish would be a STEAL! The times that the appraisal can vary from a CMA is this. The CMA should take into account current market conditions. What is average days on market. How many are pending and active, what is your motiviation to sell. Those things aren't necessarily considered in an appraisal as an appraisal is like looking in a rear view mirror for what has already closed. Appraisal numbers therefore now, are looking at closed sales from October to current. i.e. dead of winter. If your market is picking up and its not yet being reflected in closed comps it could be your market analysis is correct. But be sure you have a good agent who can present a true picture of the current market. Good luck!... more