When a listing is "under contract" someone has placed an offer on that property and the seller has accepted that offer. The Seller can still accept back up offers in the event that the current buyer cancels their contract.... more
The best thing to do is to consult a Realtor to see what needs to be done on your home. Some things will make a difference in how the home shows and since you only have one chance to make a first impression, it is important to have the home in tip top shape before selling. A fresh coat of paint and decluttering can go a long way! If you are interested having me take a look at the home, please give me a call 480-201-7882.... more
You correct. The tenant is under a contractual obligation by way of a written lease I assume. What you do with the money is your choice. I'm sorry to hear about the need for a Short Sale. Get an attorney and start the eviction process if you so choose. The tenant has to pay the rent or get evicted. Good luck..... more
Since you have indicated you are working with a REALTOR, you need to speak to that person. We as agents cannot interfere with an agency relationship, even in a public forum such as Trulia. Unfortunately, foreclosures, short sales and strategic foreclosures are affecting the value of everyones property values in our current market.... more
William, congratulations on getting married. I am an agent in Denver Colorado and I work with lots of agents around the country that I could refer you to. I just completed a designation for people that are under water in their homes and even though it might seem that you are not a candidate for a short sale, there may be other options. Let me know if you want me to find you someone.
None of us can answer you that I'm afraid. Realtors can not give legal advice at all, so only an attorney can answer you in full. If you give me a call however I can direct you in the right direction in terms of what litterature to look up in regards to potential deficiency issues, or you can visit my website for more information.... more
You are correct about Trulia.com having incorrect property values, because Trulia.com is neither an appraiser or a real estate agent. The only way you'll know the true market value of a property is to have a real estate agent do a cma for you & show you other similar properties that are currently for sale, have the property appraised & have a ready willing & able buyer for the property.
Please, whatever you do, do not ever trust any website to give you an accurate value of real estate. However, it is true that every now & then a blind squirrel does find a nut.
Buyer's Agent REALTOR
I wish I knew the address. At a minimum, I would suggest the actual price I would think it would sell at. I know you have an agent, so this is all I would do, but it may give you a good idea if you are priced correctly for a sale. Good luck to you.... more
This transaction has a very high degree of risk. I would recommend you seek competent legal advice, as most Realtors are not skilled at this type of transaction. Don't mean to be a buzz-kill, but this one is way too risky...... more
This sounds way beyond an online forum. This is an attorney matter. But you might want to read this post because of "specific performance": http://www.trulia.com/voices/Home_Buying/Just_put_in_earnest_money_into_property_and_signed-7253--