real estate transaction puzzle

[tryan]

Quote from: tryan on April 15, 2006, 12:36:49 PM
The rising tide lifts all boats.

all but the sunken ones and the ones tied too tight.

... reminds me of an older gentleman selling his house down the street; been on the market 4 years (and counting). Owner insists on pricing it 20k above the market and has moved the price UP twice a year. I dare say, he does not want to really sell (just likes the visits from complete strangers).

[nnkrealtor]

The market where the house is is still pretty hat and we actually go the offer after 2 days using an mls listing service so we had no sellers agent and we were only paying the buyers agent 2%.

You are in a hot market and an agent actually brought a buyer in for 2%? Wow!

[cute fuzzy bunny]

Isnt that weird. Guy near me has a huge (and I mean billboard sized) sign in his yard "For Sale By Owner" and a phone number. No price. No 'brochure'. Its been there since I moved here about 3 years ago.

[wabmester]

Originally Posted by Cute Fuzzy Bunny

Isnt that weird.* Guy near me has a huge (and I mean billboard sized) sign in his yard "For Sale By Owner" and a phone number.* No price.* No 'brochure'.* Its been there since I moved here about 3 years ago.

We have a guy like that down the road. But he does include a price. It's been on the market for the last 6 years, and it's always about $300K above market value. He keeps raising the price after his previous listing expires. It's fun to watch.

[riskadverse]

Negotiations after you settle on a price are extremely difficult to stomach.* Remember however bad it is, it could be worse.* I've seen buyers bend all the rules and essentially start over negotiating the selling price at the very last minute.* Delay your counter offer(s) to credit for the deck as long as you can.* A seller who is slow to respond makes the buyer very nervous and much more likely to accept any compromise.* Do not confide any tactics to your realtor unless it's something you want the buyer to "hear".* *Finally, swallow your pride and make sure the sale goes through.* Ten minutes after you close the transaction, you will be so relieved you won't care any more.