Recently an agent on my office faced a circumstance I felt was worth blogging about. As we all know, usually builders use their own contracts, or shall I say, are given the opportunity to. The agent in my office took his client to the new home development. The buyer loved the model, and decided he wanted to make this new community his home.
The contract was written and reviewed by the builders rep. Let me just add this builder is a well know builder. Sealed with a handshake, the buyers and their agent went on their way. Delivery was promised by December 1st. Weeks went by after the supposed date of construction to begin.
As time passed it was obvious that the property was not going to be completed by the delivery date. The builder rep said that the date was goin gto be extended a few months. This was not feasible for the buyers because they were relocating to the area, and they needed a place to reside by the set delivery date.
Here's where it gets interesting. THe buyers wanted out of the contract because of the fact construction had not began on their new home, and it was no longer possible to settle when they needed to. The builder refused to let them out of the contrract, and pointed out fine print in the contract stating, it could take up to two years for final delivery of the home, and buyers were still responsible to settle on their settlement date.
2 YEARS???? This seems completely ridiculous! Just another reason to always read the fine print!!
Gloria Price
Harford County Maryland for the month of August 2008 Home prices in Harford County down as a whole in the month of August 2008. The average sold price in Haford County was $280,497 for the month, opposed to 1.49% down from 2007 at $ 284,730 . There were 416 homes listed this month in Harford County, and 166 homes in Harford County went under contract. On an average, sellers in Harford County are getting a little over 92% of their asking price. The average days on the market for homes in Harford County is 134, and 176 homes sold this month in Harford County.
Please feel free to email me to receive a montly report of the Harford County Market Report.
Gloria Price
Please give me an insight on this. As Realtors, we do not get a comission check or get PAID until we close the deal, RIGHT? SO what is the harm in listing your home with a professional if you do not have the fork out anything unless we get the job done..
As a FOR SALE BY OWNER, you obviously do not want to pay a Realtor, but you do want to get your home sold. You do not want to pay the commission, nor entertain the idea of writing out that big check to a Realtor. In most circumstances, FOR SALE BY OWNERS do end up paying a buyer's agent to their home.
Think of it this way FSBO, what do you have to lose? Give me a chance to get the job done, and get the job done right, right? Chances are you are going to end up paying a less experienced, less competent agent in the long run. Chances are they are going to beat you down on price because they recognize and see your frustration.
Cut to the chase, list it now, before the market falls further. Before you lose more money! Besides if you do not like how I am doing, you can fire me on the spot! What do you have to lose??
Gloria Price
Long & Foster Real Estate
I recieved this cute little cartoon a few days ago from a colleage of mine, and decided to pass it along.
With the state of the economy, and the forclosure rate, some are saying this may be the sign of the times on Halloween. Who will be giving out candy??? Will the kids be getting tricks this year, or treats??
Tell me what you think...
Gloria Price
Long & Foster
www.harfordcountyhomesearch.org
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