All Forum Posts by: Marlene May

An agent wants to list my house, which is now on the mls via flat fee lister. This is the second time she called about it. She told me that she would work to sell my property if I listed with her. That she would call her clients about it. I asked if she wouldn't work as hard for the 3% as she would for 6, since she didn't have to do the work of listing and marketing.
I asked if she wouldn't show my house to her clients even though she didn't have the listing. Her response was that she would show it more frequently if she or her company had the listing.

Are all agents like that? Don't they show properties that any/every agency has if it's on the mls? Are FSBO's blacklisted by agents/brokerages?

TIA
Marlene

I plan to have some work done: enclosing a carport which may include adding length to the existing roof, as well as at least one door, an electric outlet or two, and of course, that electric garage door. Installation of one or two interior doors, one from the bedroom, one from the bath, to another (the same)room, water timer added to shower plumbing, as well maybe as heater for that bathroom, and possibly some outside outlets for use near a pool, building a soundproof box to house these darn noisy refrigerators and provide some pantry space in kitchen. I expect it would have sliding doors

Taking advantage of the above responses,
this is my ad for Craigslist:
Wanting bids from contractors for residential work including some electrical and plumbing, enclosing a carport and installing a door, possibly more. Bring photos of work you have done and a list of local references, including local general contractors you worked for recently and local customers you have done work for. Bring proof of ROC license and liability and work comp insurance

Is that appropriate? How should I change it?
Thanks

Maybe you have the priority of functions backwards, too.
:mrgreen:
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Just a thought...
:roll:

We're looking at a house in St Louis that we're told by a neighbor has been empty for about 3 years. According to zillow, it has been listed for sale off and on since 2008, and is now bank owned. The bank listed it a few days ago at 140K
There is a big above ground pool that is covered. Don't know if there's water in it or not.

Another, and nicer, house a few blocks away in same subdivision, same size, slightly smaller lot, is listed now at about a thousand less. DOM for it is almost 5 months, and they have lowered the price by 20K since first listed.
A smaller nearby house sold for 166K in July, (not a fixer) and one same sized for 140K AS-IS last month, after 100 DOM, down from initial list price of 157K.

The house is a fixer upper. We would be living in it at the same time, with expectations to sell in a couple of years. I've heard that vacant houses deteriorate faster than those that are occupied. It does need work that we can see, but what other --maybe hidden--things should we be looking for?

Thanks,
Marlene

Using seller's closing company.
As a buyer with cash, is there a better time of month to close, first of the month vs end of month? Does it make a difference?
I emailed them yesterday, they have not replied.

I have a closing scheduled for on or before January 5, 2011. What are the chances it will close by then? It's Dec 16, and I haven't heard from the closing co. When do the closing companies close for the holidays, and are they shut down the week after Christmas? Seller is Freddie Mac.

Marle

I want to bid on an internet auction property being sold by Freddie Mac
This is part of the contract:

5. TITLE AND CLOSING adjustments:

A: Title: The consummation of this transaction is subject to and contingent upon the Seller’s ability to deliver fee simple title which may include, but not be limited to, Seller’s ability to obtain releases from the existing encumbrances or clouds on title, if any. Fee simple title shall be delivered to Buyer by Special Warranty Deed on a form acceptable to Sellere in Seller’s sole and absolute discretion.

B: Encumbrances: Any encumbrances or defects in title must be removed and Seller must convey title free and clear of any encumbrances and title defects with the exception of restrictions and easements of record which will not materially interfere with the Buyer’s intended use of the property. Should Seller elect not to clear any and all title defects, Seller’s sole responsibility to Buyer will be refund Buyer’s deposit thereby releasing both parties from the contract.

I think that means that if there are (were) any other mortgages or liens, that Freddie Mac would eliminate them and I would not have to worry about any, that the title would be clear, and the property would be mine. Is that correct, or am I mistaken?

Thanks.