Wednesday, January 05, 2011

I Will Sell Your Home for Free-

Why would I? Nothing is free the selling agent wants to be paid and the listing agent has obligations to his brokerage, family and business and also needs to be paid. This type of sale has conditions that best be read by the seller and understood. Lets be realistic would you agree to work for your employer for no salary? Probably not. So, those offers we have all seen(I get them in the mail also) are to good to be true. Why then would a listing sales representative guarantee to buy your property within a certain period of time with no listing commission? Of the very few homes that are actually bought by the listing sales representative here is an example of one that the agent listed at $340k purchased it for $295k 30 days after the listing date and re-listed it 2 1/2 months later for $470k and sold it for $448k.
Remember not all guaranteed sales fit the above scenario. Relocation companies such as Brookfield(Royal LePage), Remax Relocation and others require appraisals as well as agent opinions of value before offering a guaranteed sale on behalf of their client(usually an employer) any shortfall or profit as above reverts to the client not the listing agent.

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