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rkoenke
my little piggys
Member since 3/08 4315 total posts
Name:
rachel
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need realtor advice -longish--
We have an aquaintance that does real estate. we asked her to come and look at my house to sell. she is pushing for us to go short sale b/c she doesn't think we could get what we owe for our house. (She brought all low selling comps to my house, leaving me really dismayed).
We are NOT doing this.
I had another realtor (selling my neighbors house, saw my FSBO sign in my window and stopped by) come an said that she thinks that she could get my amount for the house. This realtor was much more positive. She had higher comps. made me feel better!
I called the aquaintance and told her that this other realtor was going to try to get my amount. she said that she could do that too, but she wasn't going to lie to me. I understand that.
I don't want to "burn bridges" but feel my best option is to go with the second realtor, i just don't know how to say it...
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Posted 6/3/08 12:50 PM  |
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suvenR
designer mutt
Member since 5/05 4239 total posts
Name:
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Re: need realtor advice -longish--
If you can continue making your payments and paying your bills, go with the higher priced listing.
If you think you may end up foreclosing, go with the short sale.
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| Posted 6/3/08 1:27 PM |
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rkoenke
my little piggys
Member since 3/08 4315 total posts
Name:
rachel
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Re: need realtor advice -longish--
I know about this and i am not going short sale. How do i tell the first realtor that i am using the second one, nicely?
 
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| Posted 6/3/08 4:34 PM |
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browneyedgirl
family is all that matters
Member since 6/06 6513 total posts
Name:
browneyes
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Re: need realtor advice -longish--
say you don't want to mix friendship and business. you want a neutral party
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| Posted 6/3/08 4:36 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: need realtor advice -longish--
why is she pushing a short sale?
to me that is close to a last resort
I would be honest with her- and tell you are listing the house for the higher price- you don't want to do a short sale
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| Posted 6/3/08 4:37 PM |
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Kara
Now Zagat Rated!
Member since 3/07 13217 total posts
Name:
They call me "Tater Salad"
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Re: need realtor advice -longish--
Since the first realtor is a friend, I'd just say that you're more comfortable not mixing business and friendship. My parents were in a very similar situation, as a friend of theirs owns a large real estate agency in their area (and my parents recently listed their house). Their friend completely understood. In fact, the realtor my parents are with have done quite a bit for them -- and their friend admitted that these are services she just couldn't offer.
Good luck!
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| Posted 6/3/08 4:39 PM |
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rkoenke
my little piggys
Member since 3/08 4315 total posts
Name:
rachel
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Re: need realtor advice -longish--
from what i have been told, there are different types of realtors, ones that want quick money, (Short sales pay 6% commission) others that will stick around to get the seller the best price possible.
So, did she push short sale for quick easy money???
She offered to try to sell it at the higher price, but has a 1% more commission and doesn't have as much exposure as far as i can tell as the second realtor. And, she isn't convincing me.
Also, have you know, if i don't sell in 6 months, i will have to stay where i am until the market gets better.
I am in no rush!
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| Posted 6/3/08 4:41 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: need realtor advice -longish--
she doesn't sound like someone I would want to work with
pushing a short sale for a high comission- at the expense of MY credit and home
no thanks
I don't think you owe her anything to be honest
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| Posted 6/3/08 4:47 PM |
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Katie111806
Team Pink!
Member since 12/06 5349 total posts
Name:
Katie
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Re: need realtor advice -longish--
My dad is a long time business owner (not real estate) but if there is one thing he has taught me is that it is never a good idea to mix business and friendship. It's not worth it. If it's a small favor, no biggie (i.e. we have lawyer friends that we bounce things off of, but do the real deal on our own), but with an emotional and major business transaction like a house sale, I would go with someone more neutral.
Best of luck!
ETA: I'd also want to work with a realtor who is super positive and upbeat!
Message edited 6/3/2008 4:51:07 PM.
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| Posted 6/3/08 4:50 PM |
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Diana1215
Living on a prayer!!!
Member since 10/05 29450 total posts
Name:
Diana
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Re: need realtor advice -longish--
I am a RE agent and I would just tell her the truth.
I do think it's bizarre that she is automatically coming in pushing for a short sale. If I have a seller that is in no rush I always tend to price it a little higher - because you just never know when someone can walk into your house and love it. If they have the time we can always lower the price after a month or two.
Also tell her that her commission is higher then the other agents. Bottom line is - you need to feel 150% confident with who you are working with - and you do want the most exposure that an agent can give.
Good luck - I hope it all works out!
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| Posted 6/3/08 5:56 PM |
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