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To: ggrrrrr23456

Having been in the business for over 30 years, I can’t tell you how many times I have told friends and relatives to NEVER go under contract to buy a house until you have SOLD and SETTLED the house you are in now. Rent an apartment for a few months if you have to, but NEVER put yourself in a position where you are pressured into selling below market. Real estate agents love that situation - - the clock is ticking, you need the funds to settle on your new house, but you still haven’t sold your old house, oh what to do, what to do, the clock keeps ticking, oh no..!!

...And I could revel you all night long with stories of people who didn’t listen and ended up having to sell their houses to waiting vultures (often, real estate agent/speculators!) for way-below market value.

It sounds like you mother, smartly, has no such pressure. Get several CMAs from a variety of agents (ie., make them compete for the listing) and then sit tight and wait for your price, with no pressure, screw the “hurry up” real estate agent. Also, do not sign any listing agreement that has a term of over 6 months.

Good luck!


38 posted on 07/12/2010 11:10:13 PM PDT by Lancey Howard
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To: Lancey Howard

yes — I have friends in another city who bought a new house before they sold their old one — then it took more thana year to sell the first — wiped out their finances.

Seems like common sense to, not to buy before you sell. I was shocked that they did this.


42 posted on 07/13/2010 10:58:43 AM PDT by kabumpo (Kabumpo)
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