Guest post from Matt Hodges with Presidential Mortgage*: Condominiums are a challenge to finance through FHA.Â Condominiums had a brief period when lenders overlooked eligibility and approved every loan, as long as the borrower was…
I think of this song whenever I talk to sellers who are frustrated by their homes not selling.
Sometimes the buyer for your house is not in the market right now.
As a seller, you and your real estate agent:
– could be doing everything right.
If memory serves â€¦
I was marketing a house in Albemarle County. We received an offer which my clients accepted, but it was contingent on the sale of that buyer’s house. Another offer came in, and my sellers “kicked out” the first contract to accept the second contract.
We bought a house from some of your clients about 5 years ago, the (removed), at (removed)., Charlottesville, 22902. We have loved the house, but have had to move this summer for work, so it is currently on the market, with no luck as of yet. We did remember that there was a kickout clause on the house when we made our offer.
We were wondering if you would contact the potential buyers with the clause or their agent on the off chance that they might still be interested. The market is not great currently so the price of the house is much lower than they offered way back then, so if they were interested it would be a better deal for them now. Obviously, if they do not have an agent you could be their agent, but if they do, and actually purchase the house, we could figure out some sort of finders fee for you.
I can’t advertise their house as it’s not my listing, but if you’re interested in a nice house under $250k in eastern Albemarle on a couple acres, I know a good one.
A simple tweet from a client sums up what sellers need to know. “A house we liked wouldn’t accept contingency. We moved on, found better house, moved in today. They’re still on market. Dropped price…