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- #11
Leta
Lovin' The Homestead
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- May 19, 2011
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You know, this is the second time that we have heard this bit about the agent needing to be paid if an asking price offer is made. Where would I look to find this out, do you know? Also, I don't know if this stuff makes a difference or not, but:
A) she has pulled the house from the market;
B) we didn't have our own agent, we just went through the seller's agent;
C) commission here is typically 6%.
I don't know what is considered a valid offer, but our particulars went like this:
-house listed at $81,499
-we have an FHA loan, so rebate for closing costs is standard- our mortgage agent wrote the paperwork this way and our hands are tied
-we offered, in writing, $82,000 less $2500 for closing costs (net offer of $79,599)
-seller refused, verbally, and told the agent that she wanted to raise the price to $90,000
-we offered, verbally, $86,000 less $2500 closing costs (net offer of $83,500 or almost $2000 over asking price)
-seller counter offers, verbally, $86,000 without concession of closing costs (or $4500 more than what it was listed at)
-we decline, of course, verbally
-seller pulls house from market
Right now, we are just waiting things out. The agent told us last fall that the renter's lease is up March 1st, 2012. DH is recovering from a total hip replacement right now, and is looking at March 1st as his probably return-to-work date. We aren't going anywhere until he's at full steam again, so we are comfy with waiting.
I am curious to know if the agent has any recourse, though. My impression of her was quite good.
A) she has pulled the house from the market;
B) we didn't have our own agent, we just went through the seller's agent;
C) commission here is typically 6%.
I don't know what is considered a valid offer, but our particulars went like this:
-house listed at $81,499
-we have an FHA loan, so rebate for closing costs is standard- our mortgage agent wrote the paperwork this way and our hands are tied
-we offered, in writing, $82,000 less $2500 for closing costs (net offer of $79,599)
-seller refused, verbally, and told the agent that she wanted to raise the price to $90,000
-we offered, verbally, $86,000 less $2500 closing costs (net offer of $83,500 or almost $2000 over asking price)
-seller counter offers, verbally, $86,000 without concession of closing costs (or $4500 more than what it was listed at)
-we decline, of course, verbally
-seller pulls house from market
Right now, we are just waiting things out. The agent told us last fall that the renter's lease is up March 1st, 2012. DH is recovering from a total hip replacement right now, and is looking at March 1st as his probably return-to-work date. We aren't going anywhere until he's at full steam again, so we are comfy with waiting.
I am curious to know if the agent has any recourse, though. My impression of her was quite good.