Couple homeowners in my neighborhood are trying this. Signs in their yard forever. I assume their savings are substantial and aren't in any rush to sell their homes.

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Posted by ItNeverRains

37069

Member since Oct 2007

25438 posts

Posted on 5/1/16 at 4:55 pm to SomethingLikeA

quote:
Increasing the sales price for closing costs and home warranty is not unethical at all and highly openly discussed during negotiations. Now bumping the sales price so agent can make more $ is lol. Not really hurting you, but forcing her client to pay more is not right for her personal gain. That's wrong.

Agreed. The agent is tipping her clients hand to a non represented party for max commission due to the fact confidentially her buyer has expressed he will pay max dollar for a property such as the OP's.

As far as other negotiated terms after the purchase price, however you church it up to make it worst best for all parties is fine as long as all are in agreement. Its the first part that I detest.

This post was edited on 5/1/16 at 4:56 pm

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Posted by SG_Geaux

Beautiful St George

Member since Aug 2004

77959 posts

Posted on 5/1/16 at 6:30 pm to jmtigers

quote:
What about getting an appraisal to help determine list price? Seems like a good idea or should i spend that money elsewhere?

GET AN APPRAISAL.

My parents refused to get one. They said "we know what our house is worth"

It ended up appraising for $40,000 more than they agreed to sell it for.

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Posted by I B Freeman

Member since Oct 2009

27843 posts

Posted on 5/1/16 at 7:54 pm to SG_Geaux

Agents for the most part work more for the buyers than sellers. They drive potential buyers around looking at MLS listed homes and then sell them the one they like.

When I sell real estate I do it myself and if an agent approaches me I give them a specific buyer contract.

This post was edited on 5/1/16 at 7:55 pm

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