Hindsight is 20/20 -1% State of the market... Are we part of the problem or the solution?
By Cory Fitzsimmmons, Realtor - Denver, CO ReThink real estate group
(ReThink Real Estate Group)
I thought our offer was solid; full price with the typical 3% seller concession. Inspection went without any major hitches and we asked for some cosmetic fixes. Turns out the seller is jobless and without and extra expense to fix drywall much less buy groceries. Seller needs to SELL! Appraisal comes in short due to two neighbors dumping their homes a month earlier. With no wiggle room on the sellers side our deal is dead. The sellers options are to apply for the short-sale package and extend the deal for another three months, perhaps six to close. (My buyers are capable of that time frame but would miss the credit.) I thought we were done and we needed to move on. After a long weekend and a few talks with the listing agent we negotiated a commission drop of .5% and dropped the sell...