All Forum Posts by: Scott R.
Scott R. has started 25 posts and replied 34 times.
Post: What's the trick/scam here?
- Atlanta, GA
- Posts 34
- Votes 3
Quote from @James Hamling:
Yeah @Scott R., as @Jay Hinrichs mentioned this is a super easy one.
Buyer put in a very novice written and-or-assigns clause so there clearly looking to wholesale it. And given how it's all presented I give about 1% chance it completes, because there super-green.
I'd reply back that your willing to sell them a Non-exclusive purchase option, good for the 60 days, for say $5k. Flip the script, let's see how dumb they are, entice them right back. And if they bite, ok, get a R.E. Attorney to help you draft it where you get the $5k and they can try shop it but you can keep actively marketing and first one to sell is honored.
Other then that it's pointless to engage with.
lol damn that's clever. Okay that's what I'll do
Post: What's the trick/scam here?
- Atlanta, GA
- Posts 34
- Votes 3
Based on the 3rd paragraph of the docusign (I added it above), it sounds like what they really do is take 2 months to find ANOTHER BUYER to then sell at a higher price. If they find one, they give me our agreed upon amount. If they don't, per the 2nd paragraph, they find any excuse to opt out.
Post: What's the trick/scam here?
- Atlanta, GA
- Posts 34
- Votes 3
Post: What's the trick/scam here?
- Atlanta, GA
- Posts 34
- Votes 3
My house is on the market at 1.2M. 30 days and no bites, so I'm thinking of dropping the price. Now, if I go down to 1.1M, and you factor in full asking - 6% closing fee, I walk away w/ 1.034M. So I get an offer from a guy who calls out of the blue. This happens from time to time- investors looking to buy my house. So the offer is 1M and they pay the buyer & closing costs, no agent. Interesting. But the close date is 2 months from now. My gut tells me they pull out at the last minute and then maybe drop the price another 50K or more now that they've eaten 2 golden months during the summer to sell. Why not a 15 day close if it's a cash offer?
Post: Redfin- can they handle a $1M listing?
- Atlanta, GA
- Posts 34
- Votes 3
Quote from @Ying Tang:
@Scott R. I looked up the listing and it seems to be a very nice house. However, I do have a concern with the property. It is a house over 4000 sqft, but there are only 3 bedrooms. Are there any offices that can be used as a bedroom? It's not written on the listing so I don't know. When I do my primary house search, I put "over 4000 sqft" and "4+ bedrooms" in my search criteria, as I want larger house as well as more rooms. I would think that most people with a large family would appreciate more rooms, definitely more than 3. But I don't know if that's the same case for people just want a luxurious living. If there are more rooms can be used as bedrooms, I would definitely write that in the listing. Also, I noticed a lot of pictures of the exterior, than the details of the interior. It's a great exterior I have to admit, but as a house buyer, I would appreciate more pictures for interior.
Hi Ying! Thx for your suggestion. I agree, and I'm going to talk to the agent about listing the basement as a 4th bedroom option.
Post: Redfin- can they handle a $1M listing?
- Atlanta, GA
- Posts 34
- Votes 3
Quote from @Michael Dumler:
@Scott R., Based on the property criteria and filters you provided, I searched the listing on FMLS but wasn’t able to locate it. If the details you shared are accurate, this might be the root of the issue. Some listing agents choose to market properties only on GAMLS to avoid paying FMLS fees. I recommend reviewing the Exclusive Seller Brokerage Agreement you signed—specifically section 3—to see whether FMLS marketing is included. Many agents, myself included, prefer to search properties on FMLS over GAMLS, which could be why the listing isn't showing up in certain searches and isn't generating the traction/activity you desire. Very curious to know if this is the issue. Let me know.
Post: Redfin- can they handle a $1M listing?
- Atlanta, GA
- Posts 34
- Votes 3
Hi Chris, thanks for your reply, especially w/ regard to what to ask the agent. Avg. days on market in Atlanta is 45 days. I'm not sure how to specifically see days on market on Redfin. In fact, I'm curious if I'm able to see avg. house PRICE listing on Redfin, or specifically, what percent of their listings are above $1M b/c I'm getting the feeling I have a Gucci product for sale in Walmart. I'd add that on Zillow, the public listing says it's likely to sell faster than 96% of properties.
I've gone over a lot of comps to get to 1.2M and from feedback both from my general contractor (spent a year remodeling it!) and the listing agent. It's priced fair, not over, not under.
Post: Redfin- can they handle a $1M listing?
- Atlanta, GA
- Posts 34
- Votes 3
House (in Brookhaven) has been on the market 26 days, and the open house last Saturday had ZERO shows along w/ ZERO tours in the last 14 days. I'm concerned b/c of the lower commission w/ redfin, the agent is merely relying on the website and not doing anything to generate leads. Heck, I'd generate leads if I knew how. The only other option I know of is to cut bait and go with another real estate company. Thoughts/suggestions?
Details: 1.2M asking, 4,300 sq. ft, 3bd/3.5 bath in great neighborhood.
Post: Getting that Zestimate to POP.... Square footage update no good?
- Atlanta, GA
- Posts 34
- Votes 3
We renovated the basement and turned it from a cellar of horrors to a livable decent few rooms (1,150 more square footage!), and we added a bathroom. I didn't file with the city so when I updated it on zillow, seems to not make a difference in their estimate. Is there a way to 'audit' zillow or other sites to get an updated price?
Post: Happy Friday- I have a Q about using LLC's for anonymity
- Atlanta, GA
- Posts 34
- Votes 3
I've got a rental property in my name. If I quit claim the deed to my Ga LLC (which is owned by a WY LLC w/ a paid-for nominee), would this keep my name out of the public? Further, would an attorney be able to drudge my name up or would it be anonymous to him/her as well? No lawsuits pending or anything, just protecting for the future.
Thx!
Scott