Atlanta Nesties
Dear Community,
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 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.
Home Buying Vent
Ladies-
I wanted to warn any of you buying or selling a house right now to never work with Korrin Abbey or Amy Harrison. They are real estate agents at Austin Patrick and Associates. My dh and I have been house hunting and last month we found our perfect house. We were super excited about it and made an offer right away. It is a short sale so we just got a counter yesterday. I was stunned when our counter offer was 15k above the listing price. I could not understand why they would counter my offer for more than they even listed it for. I have never heard of that! My agent figured out that the listing agent listed the property 20k less then the bank approved it for to generate offers??!! I was so upset, the 20k puts the house out of our price point and we would have never even looked at it. Korrin Abbey and Amy Harrison have deceitful business practices and I after this I will not work with them again.
Thanks for listening to my vent!
On another note Happy St. Patrick's Day!
Re: Home Buying Vent
I always thought part of the reason the short sale process was so miserable was because it took the bank forever to agree on a sales price. I never knew the bank agrees to a price before the house is listed.
Even if they say OK to one price I don't think it's set in stone. Kind of how the Banks give people the impression they are willing to do a loan modification and then people receive foreclosure notices
Actually, this is not true. The listing agent prices the house based on the current market, and then typically discounts it a bit. The bank has no part in the listing process what so ever. Neither the agent nor the seller have any idea what price the bank will approve until they have an actual offer, you can't even start having that conversation with the bank until you have a formal written offer to present them. At that point, there is a long drawn out process where someone at the bank reviews the offer and decides what price they are ok with. Often times the price they decide to agree on is higher than what the offer was for - thus the counter offer that was higher than the list price. Also, once the sale is approved at a certain price, it is only good for 30 days. And again, a price cannot even be submitted for review to the bank until you have an actual offer - so it is a totally ridiculous process.
I am a realtor and unfortunately short sales are a total nightmare and very few people (seller, agent, lender, or bank) have any real idea what is going on or how the process works because the rules keep changing. I always tell my clients that unless it is their absolute dream home, a short sale is usually not worth the hassle of dealing with. That being said, you can get a great deal if you are willing to be incredibly patient, and I have put several clients into really nice homes they would not have been able to otherwise afford by doing them. But you have to be prepared for the process....and it IS a process.If you have any other questions about it, I would be happy to answer them: anadi @ remax.net
Good luck!
Alix
Thanks! That makes me feel better. I was so upset about it but that makes mores sense. I dont think it helps that I am 4 months pregnant