Buying A Home
pugrace
member
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our Realtor
So we live in a townhome and we are desperatly trying to move out (even though we are under water we are taking the hit but we literally have no wiggle room for negotations. we need what we are asking) LONG story short after 2 realtors we have one that is very honest, upfront, and tells us how it is. She however has been showing our house to her other clients, sure fine whatever. Except she is showing our house again to someone and she said if she likes it ( she literally saw it last night at 515, ummm hello you saw it yesterday we didnt change anything over night) she will write an offer....... well I find it a major conflict to have our realtor advocating for both parties. Am I wrong to feel this way?
Re: Our Realtor
It sounds like you have someone seriously interested in your townhome. (I always look at the house more than once before making an offer and recommend doing so). They may want to take a few measurements, look at a few things more closely etc. prior to making a decision.
Did you discuss dual agency with your realtor prior to listing your townhome? Our agent brought it up when we were talking about listing our home and she wound up acting as a dual agent with no problems for either party. Often realtors have clients who are looking for just the home you are listing. Unless you feel she is not taking care of your interests, I would not have a problem with it.
We are in a similar situation with our condo and would love it if our realtor could sell it .. to anyone. I wouldn't care if he was dual agent. In fact, I would prefer it because we would get a discount on the commission if he acts as dual agent.
That being said, if you aren't comfortable with it then tell your agent that.
**update**
My issue with it is that my realtor thinks we should disclose information to buyers about an incident that happened at our neighbors house. Since there was no immediate damage done to our home, and we are not selling the neighbors house it is not a need to know bit of information. However I am sure my neighbor will tell them new buy as she never shuts up. The person who looked at our home made a rediculous offer and we countered back and forth and she finally agreed to pay 500 under our asking price (and $9k under what we currently owe) LONG story short she goes through inspection and the guy tells her our HVAC is going to die any day now. So now she wants a new HVAC and we can not and will not put a new one in. She is getting a deal on this place... sorry bouchya. Well she has COPD and she needs a place that cools very quickly!! No home instantly cools unless you have one of those window units.... So her bank would not give her any more money (she was buying our place from the equity she has in her current home, which she isn't selling) so because she couldnt borrow extra to replace the HVAC (which she won't need for at least 6 more month it is October) she walked. And we are back on the market. We have been on for almost 9 months now.
What happened? Water leak? Carbon monoxide? Fire? Infestation? Murder?
Have you just considered staying put?
9 months isn't that long in this market. Townhomes/condos typically take longer to sell than SFHs.
Most buyers will do an inspection. Any inspector worth his/her salt will figure out the HVAC issue.
Is there a small fix you can do to make the system better without having to replace anything?
Fair enough.
Have you considered renting it out? It's hard being a landlord, and maybe if you are TTC, you don't want that stress...
Not to mention, if the next inspector finds any sort of issue with the HVAC (whether it's on its last legs or needs anything done to it), or anything else, the bank may not want to lend on the property unless the issue is resolved.
If you're willing to rent it out, you could look into hiring a property management company to deal with the stress for you.
I'm also really curious about what happened at the neighbor's house. I don't think you should have to disclose it, since the only thing I could think of that would affect your home that you haven't mentioned would be a sex offender, and they can and should look that up on their own.
** Update **
So we have put a whole new HVAC in and raised the price to what we currently owe on the property. We are not eligiable for a second mortgage on the property, meaning if we rent the condo out we must live with a parent or get a very cheap apartment for a year in order for our bank to consider the rent a second income and therefore qualifying us for a second mortgage to buy a house. My husband is not handy enough to be a landlord and as crappy as it is to tough it out we have chosen to do so until we can be completly rid of the place. It was sad to visit my MIL house this holiday as she has served as our storage unit. My husbands old bedroom is filled to the brim with our wedding gifts still in the boxes (not to mention everything our realtor told us to move out). I was looking for something and going through them made my heart sad that I don't even remember what all we have. While I know I am lucky to even be able to say that, it has been hard on me. I defiently didn't imagine my first year of marriage to be like this. On a happy note we have decided that we are no longer going to let the condo hold us captive and we will be trying for a family in the spring. And hopfully we will sell before the birth and we will bring a baby home to a new house.