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Home Selling in Eddyville : Real Estate Advice

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Activity 4
Mon Jan 20, 2014
Mack McCoy answered:
You need an attorney to advise you of your legal rights. Our advice would not hold up in court!
0 votes 1 answer Share Flag
Sat Nov 3, 2012
Cheryl Jaffe answered:
We recently sold our house FSBO. We were willing to pay a buyers agent, but the couple that bought our house didn't have one. We sold them a great house at a fair, market-value price, and gave them a credit toward closing costs in lieu of an agents commission. Their inspector brought up two items - one we repaired and the other we provided a receipt for a prior repair. We had the house professionally cleaned for the buyers after we moved out, and gave them an appliance warranty for an problem that was not listed on the disclosure form and the inspector failed to find.

It took us half a year to sell the house. We're building a house and have not yet broken ground, so waiting for a buyer was not a problem for us. Although half a year is not too uncommon in a down housing market, it was not for lack of traffic. We did the flat fee MLS listing and offered to pay a buyer's agent 2.5%. We had showings nearly every week - some potential buyers spent hours and raved about the house, but no offers until the couple that came in without an agent.
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0 votes 8 answers Share Flag
Tue May 26, 2009
Voices Member answered:
I'm hearing you say that the buyers have a mortgage commitment with a high rate they say that they cannot afford. The bank is the one saying that they CAN afford it by issuing the commitment. Frankly the banks have been crossing the t's and dotting the i's so I would be hard pressed to believe that they made an error.

Once the commitment was issued the contingency clause should have been removed and clearance to close should have been given by the bank .Unless the buyers caused the commitment to be withdrawn by the bank I think that the buyers are having second thoughts about purchasing. Perhaps they are forecasting a loss income in their future.

Since I am not an attorney I would say that your next move should be discussed with the person representing your legal interests. Perhaps it's best to move onto another buyer and arrange some sort of penalty for taking your home off the market during the contract period. Again discuss this with your attorney.

Best of Luck and you may want to try and win $1,000 by visiting my website and enter under the buyer's tab.

Barbara Korabel
Broker of EXiT To GREEN Realty
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0 votes 6 answers Share Flag
Tue Sep 30, 2008
Amy Bernhardt-Moore answered:
Dear Jo,

There are sites like that offer a general idea of home values in the neighborhood. These sites do not take into consideration the condition and upgrades in your particular home and how your home compares to others that are for sale and have sold within the last three months in your neighborhood. As you probably know Kingston is comprised of multiple neighborhoods and all homes on one street may not sell for the same price as homes two blocks away. An appraisal and/or market analysis can give you an up to date valuation for your home.
Active Member of Ulster Multiple Listing Service,
Participant in Realtor Caravan

Now is a great time to buy! Thinking about expanding your real estate portfolio?
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