All Forum Posts by: Marlene May

An offer is being submitted to me today. The agent said the list price is higher than what they can pay by about 10K, but it sounded so nice they wanted to see it. I told him to have them make an offer, so I am expecting it to be that much lower than I want.
Can I counter with, "that amount now, and 10K in 5 years?"
or
What can you add to bring it closer to list price?
Antiques? Guns? Cars? trade work? property someplace else?

What strategies I can use to get them to add without the bank or the agent saying "no" to it?

My listed price is at the low end of the local comps. A similar house nearby is listed at 15K higher because of the view. Mine is near the end of the second month on the mls, (6 month listing) and average dom is 90-150.

Originally posted by Ivan N.:

Are there any real-life differences between a condo (as a type of ownership where you actually own a property) and a share in a HOA, when you own a share?

As far as I know, no. I think if you read the ccrs of a coa, you will probably find in the first several pages (in my hoa ccrs, it's about p 13, if I remember correctly) there will be a sentence that says something like "the WeRuleYou Corporation" will henceforth be known as the Main Street Condominiums. I think you'll find it's a name change only. I have never read coa ccrs, but I bet a cyber cuppa it's there.
In fact, because of their nature, (units stacked on top of one another as well as side by side) the rules in condos are probably much more strict and encompassing. For instance, in an sfr, the type of flooring you install is not a problem to anyone else but you. In coas, there are restrictions on flooring. And other items as well. Read the ccrs.

Originally posted by Ivan N.:

I think I am messing some concepts, but I would really like to know if condo association can restrict me to rent it out or charge fines for moving in at Sunday, restrict tenant age, etc like HOAs do.

They can absolutely restrict rentals. In fact, hoas do too. Owners don't generally want renters nearby, due to problems, and when there are a certain percentage of rentors, banks don't lend to buyers. Both hoas and coas can and do restrict numbers of rentals.
As to moving in or not on a particular day, you'd have to ask the management company or board, and be sure to get it in writing.

No intention to be rude, there, I truly do not understand.

Now I wonder if I should include some info like that in my Craigslist ad, so people would know.
In fact, what can I say in a Craigslist ad regarding that paperwork?
A Transactional agent may be the best way to approach this, and I may eventually do that-thanks for that suggestion, but surely there may be words I can add to my ad to ease the fears of buyers and agents.What are they?

What am I not understanding? When I sold my other house FSBO, the work that I did after the buyer agreed to buy, and I agreed to sell, was give them the form-in fact, went over the escrow contract form I had in hand from the title co. I had two forms for me, two for her. (I like to have an extra in case of errors). I filled out my form and turned it in, she did the same. They had the title co number and contact person to call if they needed direction, as did I.

They took care of their financing.
We went to the title company and signed the papers.
That was it.
As I said, the house had been inspected a few weeks prior, and they used that inspection report. They had seen the house several times, as I showed it to them specifically twice, and she wandered around herself when I had open houses.

What am I missing? What's all the "WORK" a buying agent tthinks the seller (agent ) has to do that, since there's no sellers agent, the buyer agent expects he will now have to do?

Thank you all. I haven't responded yet. The CL ad had basic info only-- 3/2 and sq ft, and 2 photos, I think. My phone number was included in the ad, plus the statement that all offers would be considered. The address is in the mls entry.
I have a feeling you are right in saying it's spam.
If I hear from him again, thanks to you, I have a good way to respond initially. J Scott, if I do respond, I will use your suggestion, ""I will consider all reasonable offers...feel free to present one..." .
Thanks.
Marle

Maybe that's a stretch. It's late...

Okay, 44 IS the code for the United Kingdom. I think this may be a practical joke. It was signed Andrew.
He did include an email address of course. Since I'm not privy to royal email addresses...
Now what?

I just got an email:
"What is the final price for your property? Send me the final price along with more pictures of the property to my email address: ________or call me on
Tel. No: +44 704 ---- ----, i am ready to purchase right away.
Actually, that IS my final price...

.......I think.........
It is in line with local comps, in fact, probably a little less.

I'd like suggestions on responding to the person. The phone number indicates he's out of country. Is that a Great Britian code?
Apparently he saw the ad on Craigslist. The MLS number is there also, but CL has few details.
What do I need to be wary of?
Thanks
Marlene

I, who do not have language skills, wish I did. I would love to be able to speak at least one other language, especially of a major group of people in the city in which I live. I think it has many advantages, especially if you never let on you understand what they are saying.
I think many Spanish speakers understand English, and probably speak it easily, but don't for a variety of reasons.

If they don't know you understand what they are saying, you have the opportunity to learn a lot more than you might otherwise.

Thanks.
When I sold my other house, it was also via flat fee listing, and I took care of the contract, via using the one from the title company, slightly modified. The flat fee listing agent did nothing.
The sale went smoothly. For that one I did have the house preinspected, and the buyers used that inspection report.

How can I overcome that thinking? I have a lockbox on the house, and agents have to call for the code. It is not in their notes, so I do have opportunity to talk with them if only for a minute or two.