JoeWras
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Sep 18, 2012
- Messages
- 11,733
Here's a scenario I'm in. Sign a 1 yr listing contract with a realtor to list some land. The terms are with a realty company, not the realtor. It is pretty standard. We set the listing a bit high, with the idea that we could adjust if necessary. It is a bit of a lazy listing, as it is inherited land and I just want it off my books. Nothing too valuable.
Time passes. Joe gets busy at w*rk and ER planning. It finally dawns on me about 8 months in, that we need to adjust this since the seasonal buyers are around, or I need to at least get an update on the situation. I call. No phone returned. Holidays come up. I forget. Call after holidays, still no return. W*rk too busy.
So, here I am nearly a 1 yr in and I finally decide read the contract knowing I need out after the year. The contract looks clean to terminate (in just a few weeks).
I do a google search and discover the realtor moved across the country. Nice. No notification from her or the realty company she was associated with.
This is all water over the dam right now as the contract is nearly up. Maybe it serves as a warning to others. I really don't have the answer to fix something like this for a "lazy listing" except you can't be too lazy. And if your realtor skips town, you better get with the realty company they are associated with and put the screws to them -- or have something added to the contract.
Now... I'm thinking of taking a land broker's low ball offer to simply get this off my plate and life. My advice to all: don't buy swamp land.
Time passes. Joe gets busy at w*rk and ER planning. It finally dawns on me about 8 months in, that we need to adjust this since the seasonal buyers are around, or I need to at least get an update on the situation. I call. No phone returned. Holidays come up. I forget. Call after holidays, still no return. W*rk too busy.
So, here I am nearly a 1 yr in and I finally decide read the contract knowing I need out after the year. The contract looks clean to terminate (in just a few weeks).
I do a google search and discover the realtor moved across the country. Nice. No notification from her or the realty company she was associated with.
This is all water over the dam right now as the contract is nearly up. Maybe it serves as a warning to others. I really don't have the answer to fix something like this for a "lazy listing" except you can't be too lazy. And if your realtor skips town, you better get with the realty company they are associated with and put the screws to them -- or have something added to the contract.
Now... I'm thinking of taking a land broker's low ball offer to simply get this off my plate and life. My advice to all: don't buy swamp land.