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Re: Got a question for Realtors? or Lawyers
Posted: Fri Jul 17, 2009 7:07 am
by waterfowlwidowmaker
Damn_It_Boy wrote:Dutch Dog wrote:In today's market I'm sure she didn't really want to deal with selling your house. It's a friggin nightmare for listing agents right now. I guarantee you she'll make a pretty penny putting you in a house with all the buyer-agent bonuses out there right now. Sometimes they are as much as $10,000 ON TOP of the 3% they get in regular commission. Builders are desperate and will do whatever it takes to entice agents to show their houses.
Ha......ha........you crazy man........not around here. I've only been in the business 13 years, so WTF do I know?
I think he's an agent DIB.....you know they know everything!!!!
It always makes me laugh when some agent or hot shot broker tells people what a builder will or won't do because of the market......friggin hilarious...
Re: Got a question for Realtors? or Lawyers
Posted: Fri Jul 17, 2009 7:13 am
by no fly zone
Comical in a sense
Jt, if she says she's tearing it up, then thats what is happening, in the future, when you sign listing aggreements, and have had if FSBO beforehand, list anybody that you can think of or have talked to previously on a disclosure on the agreement that will disclose the fact that you have spoken and/or worked with them previously even for 5 minutes, you dont know how many times that buyer may have rode by your house or the homework that potontial customer has done before they approach you.
with your potential buyer, get a contract just to have something written down, but EARNEST MONEY IS KING. These days contracts are not worth the paper their put on and would better be used wiping your ass in some instances. All you need is a document stating that the EM is non-refundable and a pre-approval letter from a lending institution. The days of no-money down are over for 99% of home loans so he/she shoud have some amount of down payment already so somewhere between 2 to 3% of the purchase price should be sufficient.Then just document the contract price less the amount of the earnest money, close in 30 days.