I really hope everything works out for your folks.
I wish we had A BUYER!! We would be out in three days! or less. If our house doesn't sell this fall, taking it off market for the winter.
Too many foreclosures in our area. That is killing house sales. Buyers are buying those.
We are lucky that we don't have to sell.
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D & D
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House prices are dropping here in Las Vegas too. But the taxes are still going UP!
I got a tax bill Monday. The appraised value went down. The assessed tax went down. The 3% cap went down. The tax to pay went UP by $98. I called the treasurer's office to find out why. I was told that the assessed value DID decrease and the assessed tax also DECREASED and the CAP reduction DID decrease but the tax INCREASED due to their new calculations based on home values for the years 2004-2005. They said that was NORMAL!! I told them I wasn't ever a bureaucrat so I didn't understand all that. It is good that someone could explain to me that while everything else went DOWN and the TAX to be paid went UP it was NORMAL. ONLY a bureaucrat could feel that was NORMAL! I missed that class in college I guess.
Frank
hmmm. Wouldn't it have been swell if they had known someone with an RV to have planned to stay in so the new owners could move in with no problems. hmmm
Three months ago, We sold our home and down sized to a smaller one. The buyer wanted us out in two weeks, We balked and said that there was no way we would agree to that. We agreed on one month and it took all of that time and we actually needed more. The day of the last walk through, I was going out the basement door with the last load as they were entering the front. The buyer let us come back the next day to get the yard furniture and lawn stuff and offered to let us come back and dig up some of the plants we had labored over for years. We didn't take them up on the plants as we don't need all that yard work.
I have to agree with all of you that selling a home is not easy when you're also buying another at the same time. Unfortunately, that's what most of us do, move into a smaller or larger place from the one we've just sold.
As the now late George Carlin once said, "We buy a bigger house because we need a place for all our stuff! Then when we get rid of that stuff, we move back in to a smaller place."
I will also agree that there are some unscrupulous agents, or at least mentally challenged ones...having also been licensed in California--headquarters of State Regulation of many professions.
California Real Estate Salespeople, and Brokers, are some of the most heavily regulated sales individuals in the world. There are rare situations where, in order to comply with a law, you are breaking a law. That sounds really screwed up, I know--but it's true.
Most real estate sales contracts are long, tedious, complex forms, eight pages of small print in California IIRC, with several blanks to be filled in, boxes to be checked and disclosures to be made on the part of the seller(s) regarding the home and the agent/broker on the home and their contractual relationship with the seller(s), and at some point, the buyer(s). Then there are several ancillary forms which must be completed which can add another 8-10 pages of paperwork to the sale.
I am going to be re-testing for my license soon, and it's not hard to pass the test. What's hard to accomplish is completing a sale without "snags" such as the situation the OP described. That is why any good, competent agent will include a contingency clause to allow for various delays in such things as concurrent closings of escrows, movers, funding, etc.
Honestly, if you want a good agent--look for one that does all their paperwork, not just a "quick verbal" on something...after all, as we say in California: Verbal contracts aren't worth the paper they're printed on.
* This post was
edited 07/26/08 01:40am by kjames90755 *
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I have always bought a new house than moved out of home, and than clean,new carpet, paint, fix, the one I'm selling, and at that point put it up for sale. Best way, takes planning when your young to afford it along the way, but works the best.
* This post was
edited 07/26/08 04:14pm by Supercharged *
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I feel the frustration. What happen to me was, i sold to a buddy of mine, and he said take a week if I need it, so in the deal I threw in all my the planted pots,new patio furniture, and a spa. After the closing my buddies wife said she wanted us out by the next day, and I didn't have anything in writing, but I wanted to wrap the furniture around her neck in a bad way. After that, I didn't want to see the likes of either one of them again.
You want to sell...Buyer closes
You get your money at closing...buyer owns
You want to stay?? Its no longer yours
I'll put it another way...
a car is for sale...you buy...money changes hands
you own the car...do you leave it with the previous owner for a few weeks??
If its for sale and I buy it, its mine once money changes hands, not yours to use until your ready to move on.
Supercharged wrote: I have always bought a new house than moved out of home, and than clean,new carpet, paint, fix, the one I'm selling, and at that point put it up for sale. Best way, takes planning when your young to afford it along the way, but works the best.
That is usually good strategy in raising market. In tricky market the best way is to sell old house, move to apartment and storage and seek a bargain.
That said in my whole life I met only 1 couple who did it that way.
They got humangous deal moving from 2400 sq house to 4500 sq fixer on the hill.
Pessimist sees dark tunnel, optimist sees a light at the end, realist sees lights of coming train.Engineer sees 3 idiots on the tracks.
You want to sell...Buyer closes
You get your money at closing...buyer owns
You want to stay?? Its no longer yours
I'll put it another way...
a car is for sale...you buy...money changes hands
you own the car...do you leave it with the previous owner for a few weeks??
If its for sale and I buy it, its mine once money changes hands, not yours to use until your ready to move on.
Think about it...it's NOT sold until you sign the papers. You want to buy/rent another house and move out before you sell this house? We don't. But then, we're not rich where we can afford to put $$$$$ down on new house and pay two mortgages.Standard procedure in this state is to allow 3 or more days for moving and the seller pays a prorated amount as rent. The moving out (or possession) date is agreed upon when the negotiations are being made. In this case, the realtor (my folk's) did NOT put down a specific date nor did he make it clear.
Dee & Bob
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After that, I didn't want to see the likes of either one of them again.
