Real Estate Scenario advice

You don’t need luck. “No” is a powerful word. Just say it. And tell your agent she has a conflict. If she squawks, fire her.

 

Agree on saying "no." I anticipate an immediate lowball offer and will reject it. Is it easy to break an exclusive right to sell contract?

BTW - when my wife and I bought our current home, I posted here on GC asking Qs and got some great advice, leading to us bluffing our buyer's agent and ending up getting our price. Y'all are a good source of info. Thanks to all for the advice!

 

All depends on what the contract says. But it seems a conversation with your agent is in order and if she’s not going to represent your interest and your interest only I’d ask to speak with her broker in charge and ask them to let you out of your agreement if you don’t think she’s representing you fairly.

 

I don’t think your seller’s agent is looking out for your best interest.

 

I don't know how much equity you have in your home, or if it's paid off you might want to consider a HELOC loan. That would allow you to borrow against your own equity.
We usually keep these open just in case I see a good deal, I can just make a cash offer without having to get pre-qualified each time.

 

You only live once, might as well get what you want

 

If you have a good asset, keep it. Many ways to leverage your equity while keeping the asset.

 

You could rent for a couple years and then sell and still not pay any taxes on the income of the sale. 2 of 5 last time I checked.

 

This.

 

Waterfront? Haven't you heard the polar ice caps are melting and sea level is rising?

 

I wouldn't buy until March when they stop raising rates.

 

The thing about selling agents is that they make the most money if they get both ends of the transaction. If you are hypothetically asking $200,000 with a 6% commission, he/she has to split that commission with the agent that brings the buyer, so your selling agent may make $6,000 on a full price closing. If the selling agent knows a low baller investor who will pay $180,000 for the house, even though that may not be a good deal for you, the selling agent would makes $10,800 off the deal. Got to be carefully with them, some of them will push deals that benefit themselves. But you are in control, here, nothing happens without your signature.