Recently, Tampa Bay Realtor Christine Hensley's $153,000, 1800-square-foot ten-year old short sale canceled unexpectedly. The seller allegedly could not get comfortable with what he would really owe the lender after the closing. One week later, Hensley's buyer closed for cash on a brand new upgraded 2100 square- foot Centex home for $170,000 cash, or about $2 per square-foot less than the short sale.
Within two days of asking for interviews from Centex if they had any recent sales resulting from burnt-out, distressed sale shoppers in Central Florida we had three stories and had to withdraw our request. Her dream short-sale fell through when the seller canceled without telling anybody, refused to move out, and would not come to the door. The fact that she had just arrived after pulling a trailer 1,000 miles for the scheduled final inspection, did not help.
My broker negotiated with the bank and owner for 5.5 months. The stress on both of us was incredible, but the idea of going through this again was unbearable.
Within two days of asking for interviews from Centex if they had any recent sales resulting from burnt-out, distressed sale shoppers in Central Florida we had three stories and had to withdraw our request. Her dream short-sale fell through when the seller canceled without telling anybody, refused to move out, and would not come to the door. The fact that she had just arrived after pulling a trailer 1,000 miles for the scheduled final inspection, did not help.
My broker negotiated with the bank and owner for 5.5 months. The stress on both of us was incredible, but the idea of going through this again was unbearable.
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THE REALTOR'S GUIDE TO COMPLIANCE WITH THE LAW OF AGENCY states that agents are "to reveal to the seller information concerning the ability or willingness of the buyer to complete the sale or to offer a higher price."
Therefore, legally the other agents must not only do all they can to sell the property for the highest price, but they must also inform the seller if you, the buyer, are willing and able to pay a higher price.
This prevents agents representing sellers from promising to save you money on the price of the home.
Therefore, legally the other agents must not only do all they can to sell the property for the highest price, but they must also inform the seller if you, the buyer, are willing and able to pay a higher price.
This prevents agents representing sellers from promising to save you money on the price of the home.
The information contained in this site is believed to be accurate and is presented in good faith.
Site is not intended to render legal, accounting, or other professional advice.
If tax or other professional assistance is required, you agree to utilize the services of a CPA, attorney, accountant, or other consultant as may be required.
Site is not intended to render legal, accounting, or other professional advice.
If tax or other professional assistance is required, you agree to utilize the services of a CPA, attorney, accountant, or other consultant as may be required.
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