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Home Selling in New Haven : Real Estate Advice

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  • Home Buying50
  • Home Selling4
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Activity 5
Wed Apr 25, 2012
Irina Karan answered:
Hello Sharon,

Was the offer negotiated verbally or it was presented to you in person/via email?
If the offer a verbaly low offer, f.e., and your agent just ran it by you as an option for a while (not even thinking you'd consider this offer) - and then, when everything firmed up, she presented the offer officially and disclosed her status with the buyer - this may not be a problem...

If this was not the case, then the proper disclosure was not done timely, and this needs to be discussed with your agent and her broker.

Re. the buyer - why would the property be shown to the buyer, if you are in contract?
Unless this is a short sale and you want receiving back up contracts, you should not be showing the house any longer.

Every realtor, who is both a listing and a selling agent, has to treat both clients fairly and ethically.
In most cases, it will work fine, as long as you are happy with the terms of your contract.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
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Tue Feb 23, 2010
James Gordon ABR SFR SRS answered:
Peg I know that they do not cover this in your state liscencing classes but you need to talk to your broker about compensation and showing properties. As an agent you need to become very familiar with how you will be compensated.
Joan check the rules of your broker to broker exchange if the agent/broker is not a member of the local MLS you as the listing brokerage do not have to provide compensation to the selling broker.
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Sat Jun 6, 2009
David Rossi answered:
To answer your question, the quickiest way is go one of the real estate office windows and see which agent has the most listings. Of course, this doesn't mean they have the most closings. I think this is what you are really asking, "Who can get my condo sold the fastest and at the highest price?" When you listed with your current agent, I'm sure you thought they were the one. Were they realistic about the listing price? Things aren't what they used to be. The marketing needs to change with the new reality.

David
P.S. My experience is with multi-families, not condos. So I'm just trying to give you some advice.
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Fri Apr 3, 2009
Phil answered:
You need to look into recent sales IN YOUR COMPLEX and units with the same number of beds / baths. That will give you an idea of the value (compare condition from there). Also is it impossible for a dual agent to negotiate the best deal for the buyer and get the best price for the seller. It's likely the agent is recommending they accept a hubbard offer b/c your willing to over-pay for the property. If thats the case, if you could potentially owe much more than the unit is worth from day one (a home you will not be able to sell for a looong time). Shoot me an email and ill send you the comps in your complex. ... more
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Wed Feb 13, 2008
Phil answered:
I suppose I am not supposed to give 'legal' advice, so I'll try to keep it as close to 'real estate' advice as possible. Generally, recourse on delayed closings would needed the term 'Time is of the essence' on the contract and/or a specifically stated a penalty for days past the the agreed closing date. ex: "$100 per day delayed past the agreed closing date." Contact a lawyer for details. ... more
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