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Home Selling in Hopkinton : Real Estate Advice

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  • Local Info4
  • Home Buying18
  • Home Selling16
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Activity 19
Mon Oct 23, 2017
James.t.anderson77 answered:
Hi, what do you do to get out of a seller's contract when your realtor owns the brokerage/company and there is no way of getting her to sign off on ending the contract because she is completely unavailable? Without getting into all of the details the realtor is now in prison and I imagine the company will soon fold in her absence. Do we just have to wait until the listing expires or is there another way out? Maybe something similar to when a broker dies? The contract we signed does not say anything about canceling the agreement, it just says any changes must be "signed off on by the seller and broker". Considering this is impossible, what do we do? ... more
0 votes 19 answers Share Flag
Thu Aug 4, 2016
Nckgb answered:
From time to time send them a email (anonymous) asking questions see if they answer the email give them 2 times and if not fire them the listing contract says they will use due diligence in finding a buyer. They are NOT working for you! Hire someone who will work for the commission. No reason to pay for something you are not getting. ... more
0 votes 3 answers Share Flag
Tue Jun 9, 2015
Neil Radford answered:
Stay strong and remember the goal of selling your house. It can be frustrating when things get delayed and do not go well. To start over could cost you months. Do what is necessary to close the house. ... more
0 votes 7 answers Share Flag
Fri May 8, 2015
Karen Peyton answered:
Your cousin will have to go through the qualifying process, just as anyone else (would) if buying your home. The fact the two of you are related has no bearing upon your cousin's income, credit scores and debt. ... more
0 votes 4 answers Share Flag
Sun Feb 8, 2015
Louis Wolfson answered:

more to it than that. 1st what is it zoned for? what are the frontage requirements? Are there any wetlands? are there any ponds, streams or water? How far away are utilities? What is the demand for what you can build?

All this comes into play as to your ability and the financial success of any development.

Happy to go into this in greater detail if you'd like.

... more
0 votes 1 answer Share Flag
Thu Nov 20, 2014
Randy Stoker answered:
From what I understand from your question: You accepted an offer to purchase your home. If that is correct then you are in a contractual obligation to another party. The buyer can ask for reimbursement for inspections and related expenses incurred to buy your house. Better consult your Realtor and possibly an attorney. ... more
0 votes 2 answers Share Flag
Thu Jun 19, 2014
Shannon Jones answered:
Check with your Realtor and your attorney to see what "outs" you have based on the terms of the contract.
0 votes 5 answers Share Flag
Tue Feb 11, 2014
My NC Homes Team answered:
Unless you specifically excluded this buyer in your listing agreement then you do in fact owe your Realtor a commission. You're certainly entitled to negotiate it with them, though it's up to them as to whether they will or not. This isn't your Realtor's fault, understand they did nothing wrong, you could and should have tried to get the person to commit to buying before you signed or you could have spoken to your Realtor about this and asked to exclude this one person from the listing agreement which is something that happens to me several times a year. The truth is in 24 years I've only once had one of these people actually step up to the plate and make an offer.Generally when a seller talks to me about having a person or two they'd like to exclude I suggest they call them up and tell them," I'm getting ready to list my home with a Realtor, if you're interested in buying it, I need to know in the next 48 or 72 hours otherewise you'll have to work through my Realtor if you want to buy it."

I hope you're able to work things out amicably with your Realtor.
... more
0 votes 6 answers Share Flag
Tue Jul 10, 2012
How would you want to be treated if the tables were reversed?

Jim Simms
NMLS # 6395
Financing Kentucky One Home at a Time
0 votes 7 answers Share Flag
Mon Apr 30, 2012 answered:
Call your real estate attorney immediately and see if there is a way to unwind the deal.
0 votes 7 answers Share Flag
Mon Mar 5, 2012
Lindsay Murray answered:
You need to speak with your real estate attorney and agent. You do not want to breach the contract and wind up paying a lot of money and having a lot of angry folks.

Best of luck!
0 votes 6 answers Share Flag
Tue Oct 25, 2011 answered:
Great answers so far! This is why I always suggest sellers negotiate their listing contract before signing. Or at the very least consult multiple people for second opinions before signing.

Consult your attorney about this situation but my guess is if you found these buyers on your own you should be able to come up with some kind of compromise w/ your current list agent. That said, a contract is a contract.

Good luck!
... more
0 votes 10 answers Share Flag
Sun Oct 23, 2011
Tom and Joanne Team answered:

Depends on whether you signed a contract or not? If you signed a contract you need to review the contract and determine how to execute the termination clause. If you did not sign a contract then you absolutely can find a new agent. All the best ... more
0 votes 4 answers Share Flag
Tue Feb 22, 2011
bgk answered:
You should sell it directly to this buyer w/o using agents. Both of you should hire real estate attorneys to assist with the process. Will be just like a normal sell, with an inspection and probable subsequent negotiations. As long as the seller you located did not come to be aware of your house via your agent, such as at an open house and you havent signed an exclusive right to sell you should be ok.

Lets face it do you or your friend really need the agents in this case? 6% commission is ridiculous.
... more
0 votes 20 answers Share Flag
Sat Mar 20, 2010
Tom and Joanne Team answered:

Great advice below and definitely get a good attorney. Technically the buyer could potentially take you to court and force a sale as Massachusetts is a dual contract state. Now if you reason with the buyers broker and have legitimate excuse they may be willing to let you out of the deal. Best in your situation. ... more
0 votes 5 answers Share Flag
Sat Mar 6, 2010
Richard Alan Naggar answered:
Look for an experienced knowledgeable agent who has the ability to respond to your needs and the needs of the forever changing Real Estate landscape. How they appear to you at your first meeting will be how they appear to your prospective buyers. Discuss up front what you want to accomplish, what your fears are, and how together you can seek solutions and then results. Motivation to succeed will kick in if the proper reward is in place for everyone concerned. ... more
0 votes 4 answers Share Flag
Fri Mar 5, 2010
Rita Scott answered:
Do you have to do pay the agent the commission if you change my mind about selling my house
0 votes 16 answers Share Flag
Thu Jan 3, 2008
Brian Hall answered:
I think Don's answer was right on - pricing on the lower range of the competition but still above expected.
Except as a buyer I consider 403k, 405k, 408k and 412k to be the same price. If the properties were essentially equal I'd make the same offer to the one i liked best. If refused I'd make the same offer to #2 ... more
0 votes 10 answers Share Flag
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Home Selling in Hopkinton Zip Codes