We are moving out of state for a new job and need to sell rather quickly. My husband will already be out of state, leaving most of prep and selling of the house for me to do.
When it started to look likely that we could be selling and moving and I got a jump start and contacted a realtor and told him what are needs were. He recommended a pre listing inspection which was done and brought our a contractor to provide an estimate on needed repairs. Once the job offer came through and relocation package was presented we started to move forward.
Per the relocation company we had to get broker market analysis from 2 agents. We recommend the one agent we been in contact with and they provide us with another. This is when i start to get a bit uneasy about our agent. The other agent recommend 310k listing price with 299k sell price. Our agent said 375k listing and 350 selling price. The exterme difference is a red flag. I did extensive research on comps with most ranging between 290-345k. I can tell the other agent put more time and effort into his report while our agent just mashed it together. If he truly looked at comp properties he could easy see 375k listing isnt realistic.
However, seeing we had a working relationship we went with him and signed this week. He brought up the idea of an investor as he knows we want to sell asap. He told us at our meeting to sign the investor told him 300k-320k. This peeked or interest, but i found those numbers to be again unrealistic. Our house easily would need 20k-30k in repairs and the roof is questionable. The realtor then want on to say he thinks with more work and time the house could sell closer 400k. I again pointed out how another home near by with almost identical features but 12 year younger and in better condition just sold for 345k.
We agreed to the have investor come which he did yesterday. He told our realtor 297k and we talked him into 305k. We accepted but then got a call from our realtor saying his partner doesn't agree and apologized this never has happened and this may not be the best route. I can understand why the partner doesnt agree. The would need to invest probably another 50k in repairs and again based on comps and issues with the area it will not sell much more then 365k. I think this other investor is the only one that is thinking clearly.
My issue is I feel like we been jerked around. I need to get repairs scheduled and done asap. Its a crappy time to sell and I will be doing it alone with 2 kids during the holidays with no help at all. I don't think he has my best interest at heart. I asked him to be present tomorrow when the other investor comes to look at our property as well my husband. So far no response. Am I being unreasonable? I am getting snake oil vibes from him and strongly considering asking for a new listing agent.
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/1ojtho6/issues_with_selling_agent/
Comments
Post a Comment