Is it a rip-off when a existing estate agent sell a house knowing that a buyer will hold to repay 200.000 more?
can a buyer sue for this if he finds out?obviously a house be bought for 300.000$, now the agent is seling it for 500.000$ to win a higher comission.Answers: The unadulterated estate agent is not the one buying or selling. He is facilitating the mart. It is the OWNER of the property who wants to trade it, and has the right to put on the market it for the highest, best proffer. The real estate agent that represents that seller/owner, have a fiduciary duty to his client, the Seller, and NOT to any buyer. That is the beauty of living within a democracy--you have the right to go your property for the most you can get, or supply it away as a gift, if you so desire. And, any Buyer can find out what the house end sold for. It is a matter of public story. The Deed is recorded and anyone can look it up. Tough toe-nails to any Buyer who think he deserves a gift of $200,000. from the Seller!
If you found a large amount on a property would you not buy it?
And if you had 200,000 within equity would you not sell it?
No it is not a rip rotten because the Seller has probably put upgrades contained by and bought the house in a different marketplace than what is out there very soon. It doesn't reflect anything against any buyer who may want to buy it immediately. Also markets revision so time will tell if he have priced right or if he will have to dwindle the price later on down the road.
No, a buyer can not sue,,,,,,,,,,,,,,,,,,,,,Buyer have no legal leg to stand on
The merchant of the property is the one who sets the sale price, within agreement with the existing estate agent. There is nothing whatsoever prohibited about buying a property for smaller quantity than one can resell it for. That's called 'investment profit'.
This question is about selling my home??
Answers: As you are a Realtor I think you are answering your own question. Get an honest friend to walk through your house and say what they think.
Also try and gauge what the costs of any improvements you make will be, and what would be the result on any expected increase that you would gain in the price. Maybe a catch 22 situation.
Best of luck anyway.
When I was looking for a house - I did not even consider a home that did not have central heat and air.
But I live in the South. It gets way too hot not to have central ac here.
As a Realtor, you should know that no bank will finance a home without a PERMANENT heating source.
Air is not required, but a soon as an undewriter looks at the appraisal and sees there is no heating system.forget it.
Loan denied based on unacceptable property.
You will be able to sell your house. Many people LIKE the older models. If you want to keep the classic look of your home you might want to think about baseboard heaters. Many people love those as you only heat the homes in the house you are presently using. It is much less expensive then central heat.
Have your agent sell it by whatever era it was originally built in, "Tutor" "Victorian". There are buyers you specifically want that and abhor the newer homes with their cheap construction.
Can anyone detail me why condos cost as much or more than some houses and the square footage is smaller contained by most?
cases. How is the cost determined please excuse location.Answers: Odd isn't it? When the concept was current, they were smaller quantity per square foot to purchase since they cost less than houses to build. Turns out lots of relations like the concept of; no patio work, a place easy to depart from for trips, neighbors close, (security). So now, it's supply and constraint.
part of it might be the location and also that you own the "luxury" of not having to do things approaching mow the lawn and such.