lazygood4nothinbum
Thinks s/he gets paid by the post
- Joined
- Feb 27, 2006
- Messages
- 3,895
getting a bunch of bites on leasing the house. better than not leasing, not as good as a sale.
one guy's got a 50-footer he wants to dock so house & dock might rent for $2500-2800/month (we would have gotten $3500 "in the day"). another guy (a realtor) wants the house for $1800 and three kids want it for $2000-2200 (one of the kids wants to commute by jet ski to his work at a waterfront hotel nearby).
our realtor wants to entice the boat guy with a 1st right of refusal or a lease/option. that realtor would get 15%. the others are by owner. of those, the realtor/renter wants a lease with 1st right of refusal. the kids probably just want the house to wreck. no thank you.
so you're probably wondering by now what's my question:
how does 1st right of refusal play in the market? does it make the property sound more competitive or more of a pain? why would anyone bid on a property if someone else can take the house at their bid? why should i have to reveal one person's bid to the guy with first right of refusal?
never dealt with this stuff before. all advice and comments appreciated.
one guy's got a 50-footer he wants to dock so house & dock might rent for $2500-2800/month (we would have gotten $3500 "in the day"). another guy (a realtor) wants the house for $1800 and three kids want it for $2000-2200 (one of the kids wants to commute by jet ski to his work at a waterfront hotel nearby).
our realtor wants to entice the boat guy with a 1st right of refusal or a lease/option. that realtor would get 15%. the others are by owner. of those, the realtor/renter wants a lease with 1st right of refusal. the kids probably just want the house to wreck. no thank you.
so you're probably wondering by now what's my question:
how does 1st right of refusal play in the market? does it make the property sound more competitive or more of a pain? why would anyone bid on a property if someone else can take the house at their bid? why should i have to reveal one person's bid to the guy with first right of refusal?
never dealt with this stuff before. all advice and comments appreciated.