Welcome to the Real Estate Forum


The "ORIGINAL" Real Estate Social Network" SINCE 2005 and your #1 Resource for all things Real Estate


  •  »Over 35,000 Members
  •  » Answer Questions From "REAL" Buyers & Sellers
  •  »Ask Questions & Share Stories With Fellow Real Estate Professionals.
  •  »Read Articles & Blogs written by Real Estate Professionals.

...you have come to the right place!


YES! I want to register an account for free right now!


p.s.: For registered members YOUR FORUM NAME is free of ads

Page 2 of 2 FirstFirst 12
Results 11 to 17 of 17
  1. #11
    Krazza is offline Fixer Upper
    Join Date
    Feb 2007
    Location
    Atlanta
    Posts
    17

    Default

    We settled yesterday. We sucked up the 6%. Perhaps another example of read read read. I must say though it hasnt done anything for my admiration of the realtor profession. But I know no ones is imune to characters that give others a bad name.

    As for how we got this far if any one is interested I sold this place via Craigslist and as I said with a website I built. (If you ever need one, you know the story, or if you want a look at what worked?, drop me a line)

    Cheers

    ps: Alpharetta? thats where I live...surreal...!!

  2. #12
    Krazza is offline Fixer Upper
    Join Date
    Feb 2007
    Location
    Atlanta
    Posts
    17

    Default

    Im new to this stuff if you hadnt realized, but heres a new twist.

    The attorney comes to us three days after closing and says there has been an error (by who I havent worked out) in the calculating of the final payout of a mortgage we had on the property.

    $450 roughly...

    Whats that all about.? Is this a common thing?

    I said to the wife (as you probably have gained this was her deal) TOO BAD..., we have settled in full....she said ..oh I already paid it today after they told me.......!! ...nice one wifey...!!

    Im just home from the bar......solace in alcohol....hmm....

  3. #13
    Peppergal1969 is offline Renter
    Join Date
    Mar 2007
    Posts
    9

    Default

    Well since you're so competent yourself, I don't know why you didn't just sell it yourself to begin with and handle the closing on your own. I'm sure you would have saved yourself that $450.

  4. #14
    YourOrlando.com is offline Fixer Upper
    Join Date
    Feb 2007
    Location
    Orlando Florida
    Posts
    38

    Default

    What a mess. It sounds like you and the agent were trying to do the same job. I agree with FLAGAL, no way I would have been caught up in a deal like this. I list with an exclusive right of sale, period. I'm guessing your agent was less than expeienced to get caught up in something like this. It nice to see you did the right thing in the end. Sorry, your agent let you down. If it makes you feel any better, those agents just don't seem to last. Next time, ask for a referral. The great agents are worth thier weight in gold and are proud of their past client's satisfaction. Best of luck. Thanks for sharing.
    Phil Coffaro
    ABR, CRS, GRI, Realtor
    Orlando Real Estate | Central Florida Real Estate | Orlando Realtor

  5. #15
    Krazza is offline Fixer Upper
    Join Date
    Feb 2007
    Location
    Atlanta
    Posts
    17

    Default

    Quote Originally Posted by Peppergal1969
    Well since you're so competent yourself, I don't know why you didn't just sell it yourself to begin with and handle the closing on your own. I'm sure you would have saved yourself that $450.
    Pepper..Oh you are so right about the "competent" part. Thanks for your valuable insight and kudos.

    Orlando, good advice for anyone. Unfortunately this was one of those times when some previous history clouded later judgement and more in depth analysis. Hey, I have learned a lot believe me over the past few weeks. Thanks.

  6. #16
    Lenderles is offline Fixer Upper
    Join Date
    Oct 2006
    Location
    Atlanta, GA
    Posts
    78

    Default

    Exclussive right to sell, "And away we go" they must be really desperate
    in your town to do 6-4-2. Either I sell it, or I move on to the next one.
    In Georgia we have a register list for open houses. If the buyer signs this list without a realtor. That realtor (when he/she crawls from under the rock) will have to get his commission from the buyer at the closing.
    Leslie Williams
    Property locator
    Phoenix, Az
    lenderles@yahoo.com

  7. #17
    Agent 007's Avatar
    Agent 007 is offline Fixer Upper
    Join Date
    Oct 2006
    Location
    Las Vegas, NV
    Posts
    50

    Default

    Procurring cause is a very difficult thing to determine who gets paid. By everything you stated in this situation, I would have thought that the most you would have gotten paid is 4% because the question was the other agent bringing the buyer, not your agent bringing the buyer. This could have been all avoided by going with a normal listing agreement without these crazy terms. "Exclusive Right-to-Sell" agreements are the only ones for me. I don't even like to cut a break if I bring the buyer to one of my listings. It means I have to do twice the work and fully represent both parties. Full commission all the way around.
    Len McGuirk
    Prudential Real Estate - Las Vegas
    Direct: (702) 203-6688
    www.LasVegasPrudential.com

Page 2 of 2 FirstFirst 12

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •