I need more information.... did you sign a contract to sell your home to a buyer and then changed your mind? If that's the case, you are very lucky $300 is all you are being hit with. Did the buyer mutually agree to cancel the purchase contract?
I let sellers out of my listing contract free of charge if they aren't happy.... up until the time they sign an agreement to sell the home (purchase contract/accepted offer). At that point I fulfilled my end of the bargain and that is what I get paid for. If they want to cancel before we find a buyer.... then that's all good - and I'll help them next time around.
Another thought... have you just not found the right home? Is the same agent helping you with that side? If you had a strong offer, maybe you can extend out the time on the deal - to give you additional time to find a home?
Investors buy homes, they don't sell. Investors usually pay you cash and the least amount they can.
Their goal is to buy your house cheap, fix it and sell it for a profit usually for 30%. You should hire a Realtor who will market your property agresively and get you top dollar. Bilingual agents like my self helps because if you get a Spanish buyer, buyers take more time to discuss information about the buyer.
Sellers think that selling by owner saves them money, in reality statistics show working with an agent you get paid more for the house. A sellers agent has a vested interest in selling your home and making a living. As a Realtor's we are used to negotiating. Contact me and I'll set up an appointment and show you what I do.... more
#1 consult with your attorney! Then, let the trustee know that you are trying to short sale the home when you go to the 341 interview. They will usually sign off on the transaction at that time and have it ratified next time you are in court. If you have an offer, make sure to bring it with you to the interview.... more
Norma, what you are referring to is called an EXCHANGE. you would have to find someone who is willing to trade you for your house. Many exchanges are 2, 3, or 4 levels deep and VERY COMPLEX. It is not a casual encounter for even a seasoned real estate agent. There are exchange clubs that may have experienced professionals in your area. Also as an escrow company executive who does these types of deals in Magalia CA.
Also consult your tax professional. You can also do what is called a TAX DEFERRED EXCHANGE whereby you sell your home and then put the money in escrow until you find another home.... more
There are a lot of factors involved with the overall performance of your FSBO than just hosting an open house Having an open house may not cure the problem. When you offer a house for sale by yourself, you are sending out some messages that may turn away truly qualified buyers. First of all, you are alienating the brokerage community as listed homes are safe to earn a commission in, FSBOs are not. FSBOs are uncontrollable and not bound by the Realtor Code of Ethics. Second, you are communicating a message that you want a high price for the property, probably higher than it should be. While that may not be your intention, many other FSBOs do, and you are in the same huddle with them. Third, you are telling people that you do not find value in hiring a qualified professional to represent your interests. There is a lot more that goes into professional representation than just paying a commission. Realtors have liability insurance, continuing education, licensing requirements and adhere to fiduciary and ethical standards. We also devote more time to marketing a property and have experience with more than one property every 3 to 10 years.
An open house alone will not bring in more buyers. It takes a concerned effort and considerable promotion to have a successful open house. A seasoned professional knows how to turn the casual buyer into a well qualified prospect.... more
focus on the number of months of listing inventory there is on the market in your price range. The larger the inventory the more you need to review the price buckets to understand how you can sell your home.
Example: 10 listings with an average of 1 sale per months leaves you with 10 months of inventroy. Maybe if the price is reduced the number of months of inventory will be less and generate a quicker sale.
So look at what has sold and what is on the market in:
See if there is a difference between the price buckets and current inventory.
good afternoon........the below listed comments are good ones....but also consider another option.....if you are currently on an fha loan, then you would have to buy the new home with conventional financing.....if you are not on an fha loan, then you can purchase your next home fha.......the loan does require 3.5% down, and the seller can pay up to 6% of the price of the home towards your closing costs and pre-paids.....out of pocket expenses prior to close are the emd, first yr's hazard insurance and if you want an inspection, you would need to pay for that also...the lender may or may not require $ up fron for the appraisal.......depending on the new home price, many times the 6% concession can about zero out the dollars needed at the closing table....and get you down to a total of the downpayment required...you would have to qualify for both you payments....the new housepayment would be the front end ratio, and your debts and the existing housepayment would constitute the back end ratio...best of luck to you......bob mcclure- success mortgage partners- plymouth, michigan........ more