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Home Selling in Philadelphia : Real Estate Advice

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Activity 176
Thu Oct 5, 2017
Ron Edwards answered:
In CA, I am a tenant. We had to leave a rental property 60 days, prior to our lease ending, we have however, paid the full term of the lease. Lease term Oct 31 2016 - Oct 31 2017.
We moved out Aug 31st, 2017.

We hired a "rental listing agent broker", to list the property for rent on the MLS, at the owners permission, so we might recoup some of the rent we paid for the remaining 60 days the property sat vacant. With 25 days left on our term, and rent already paid in full, we need to cancel our listing agent agreement, as we don't want to pay a commission to her, on TOP of our already paid rent, should she bring a tenant to the table in the last hours.
The other issue, the property owner, said he would refuse to look at any new tenant application from this broker, so it's pointless for the real estate listing agent to continue to keep the home on lock box, and list on the mls.
We have given notice to her, but she is saying, we are under contract and can't cancel with her until the end of our rental term, Oct 31st, 2017. This is holding up out security deposit return ($5500).
Can you cancel our listing with the rental listing broker, prior to the end of the term, and prior to our lease with the owner ? Thank you. Ron
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0 votes 16 answers Share Flag
Thu Sep 7, 2017
Crawfordshrly answered:
We buy houses in situation like this all the time. We can definitely help you out. please contact me @ 615-710-7771 ask for Anthony...Home Front Properties Solution LLC.
0 votes 1 answer Share Flag
Fri Aug 25, 2017
Kathy Burgreen answered:
There is NO law anywhere in the U.S. that says sellers must pay a buyers broker when they are For Sale By Owner. This is strictly realtor sales tactics which borders on harassment. The truth is buyers do need to have a down payment and their closing costs are expensive (higher than sellers). Sellers will collect a profit from the sale of their home, so realtors believe that sellers "SHOULD" take a percentage of their profit and pay the buyers broker because it would be a financial hardship for the buyer to pay their realtor.

In this day of technology with more sellers able to sell by owner, realtors are getting squeezed and they are coming up with any BS story to get the seller to pay their broker fee - whether it's true or not. Sellers don't need to pay and do have he right to negotiate. The huge risk is that realtor will tell their buyer client a made up BS story that your home is whatever and the buyer needs to move on and buy a different home - one that is NOT for sale by owner (listed with a broker).

Bottom line - Sellers doing For Sale By Owner need to stand their ground and don't be intimidated by these realtor threats. What I would do is if the realtor refuses to negotiate, talk to the buyer and hand him a contact card with your info on it. Another method is talk to the buyer in front of the realtor and say: "I would love for you to visit my home without your realtor and since there is no commission fee, we can both save money and I'm willing to negotiate a deal."
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Mon Aug 21, 2017
Patriciahendricks89 answered:
Thu Jul 13, 2017
Robert Warren answered:
In the state of Virginia does the seller keep the earnest money if the buyer backs out?
0 votes 23 answers Share Flag
Fri Jun 23, 2017
UpNest Top Realtors answered:
"Hi, Commission rates are negotiable and can vary. The key to negotiating the best rate is to compare and interview several agents in your local area. We started UpNest (http://www.upnest.com) to help you compare top agents that compete to earn your business. Since agents compete for you, they offer their very best rates and services. You'll also get to ""comparison shop"" like you do for all the other things you usually pay for. It's free and there's no risk to try us out, Good luck! http://www.upnest.com

You can also find out the average commission rate for your area here: http://www.upnest.com/re/realtor-commissions/"
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Sat Apr 29, 2017
Darobison1 answered:
Sat Mar 18, 2017
Cynthia asked:
Sat Mar 11, 2017
Cynthia asked:
Thu Feb 23, 2017
Norman Bunn answered:
1) People can be very particular about countertops, so I would not make that change before putting it on the market unless it is in poor condition. Instead, you can give them an allowance if it becomes a sticking point. They might want to redo the whole kitchen.

2) Yes, paint is the cheapest way to upgrade the look of a house.

3) If it is unsafe, I would fix it. If not, let the new owner decide.

4) Where is the current laundry? If there is not one or it's stuck in the kitchen/basement, this might pay off.

5) Yes. Refinish the floors.

6) Luxury vinyl tile might be a good alternative.

So, my order would be:

2, 5, 6

distantly followed by 3, 4, 1
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0 votes 1 answer Share Flag
Wed Feb 22, 2017
Scott Godzyk answered:
The correct way is to ask each buyer for their highest and best offers. In most states the listing agent can not mention what the highest offer is.
0 votes 1 answer Share Flag
Fri Dec 9, 2016
Annyjune24 answered:
My property manager (realtor) talked to my tenants to check if they were interested in purchasing our home when they said yes he priced our house without checking with us the owners. He gave them a price that was completely out of the question and he gave them a time frame to do this because he was going on a trip and needed his commission! He called me to inform me the price and how much i would get after his money was taken out, my husband was furious and asked him if he had told the price to the tenants and he denied this! We fired him then when we spoke to the tenants they indeed said that they had discussed price. I was feeling awful for firing him but i was so angry he did this without our consent.. Is what he did legal? ... more
0 votes 20 answers Share Flag
Sun Dec 4, 2016
Marchell answered:
when fixing something in the inspection and something else shows up, is the seller obligated to fix it and disclose it
0 votes 10 answers Share Flag
Thu Oct 6, 2016
Tommyabrett asked:
We "sold" our home with a contigency that we install a radon system and have the levels retested 15 days prior to closing. We did. The levels came back higher, which we were told…
0 votes 0 Answers Share Flag
Mon Sep 26, 2016
Tom234b asked:
can't. I am selling a home rental property. I am getting resistance or excuses (can't tell) about including in the general description, that the property has been rented for X…
0 votes 0 Answers Share Flag
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