Profile picture for Shannon Coan

Shannon Coan

Agent

Realtor (8 years experience)

14 Recent Sales (last 12 months)

Specialties:
Buyer's Agent,
Listing Agent,
Relocation,
Consulting

Advice

  • (69 Contributions,
  • 0 Best Answers,
  • 6 Helpful)

Contributions are sorted newest to oldest.

What are the pros and cons of buying a brand new home?

Answer

Pro in Tulsa area is that you can sometimes get a better deal with a new construction. Depending on the builder and the neighborhood. Everything in the home is current style so no updates needed. Con Builders do not negotiate much. They charge high amounts for items that you could get at Lowes for cheaper. USE A REALTOR TO GO OVER THE PAPERWORK FOR YOU!!!!!I say this because I have had several clients tell me they didn't know that that spending x amount of money for an upgrade was overpaying.  I had a client go to a builder and change her mind, the builder kept their $5000 deposit, she did not realize they could do that, because the builder never said you have x amount of days to get out of this contract.

  (0)
If I list my home with you, do you charge a fee at the time of sale?

Answer

If you are asking Zillow if they will provide you any help with possible sale of your home, That would be no.  They allow you to list your home for sale on their website for free.  If you are wanting sell your home For Sale By Owner than you would need to have the paperwork ready for any sales on the home. You can go to websites like www.fsbo.com and sign up with them to get the paperwork needed to have a contract on the home.  They or other For Sale By Owner Websites will have an array of packages for a price.   If a realtor wants to show your home they will usually ask you to sign a paper stating that you agree to pay them a commission before they will show your home.  If you want to list your home for sale with a professional than you want a realtor, I say that if you want to not have to deal with the advertising, paperwork, negotiations, showings, lenders, closing companies, title issues ect.  Just being honest these are the parts of selling a home.

  (0)
House selling contract

Answer

In my area we have a few days built into the contract for delays. I have seen several of my deals lately have lender and /or title issues.  Pushing the closing date.  You have the right to not extend the contract since the buyers did not procure funds.  BUT what will be in your best interest? Waiting for it to close getting it done and moving on or relisting it and starting the process again.  I know your agent will tell you to wait it out.  This is your decision, you will have to make the choice.  I know it's frustrating I have had clients in tears with moving trucks ready to go to only find out that they are not closing.  My most recent issue with a lender I had to go above their head and demand that the file become priority and get it in underwriting ASAP.  Your realtor should be on the phone with the lender, buyers agent, title company and whoever else is involved every 30 minutes asking for an update.  I have had to do this many times, they hate me for it but I don't work them I work for my client.  GOOD LUCK!!!

  (0)
I need to sell my house, In good shape. The pool is not and I don't have the $ to fix it. HE:P!

Answer

I say have a company come out to get estimates for repairs on the pool.  List the home with the pool exempt from inspections and give the estimate to any potential buyer.  I assume the filter or pump is not working, well for a buyer that really wants a pool, replacing that is not going to stop them from buying the houses especially with the prices of putting in pools today.

  (0)
Just Bought House

Answer

If it was in my area, I would say sell, if you will lose money, than rent it.  Short sale should be the last resort.  Rentals are hard to find because so many people are looking at different times of the year.  Put an ad on craigslist for lease or through an agents leasing dept.  MAKE SURE you do a google search and background check on potential renters.  I have helped some clients lease their homes and the information I have found from just a google search disqualified them (arrest photos).  As far as being in another area from your home I suggest you include lawn maintenance in the rental price, so there is never an issue with the yard as well as asking an agent or leasing company to monitor the home (driving by to make sure it is still there once a month). 

  (0)
Buyer found key to my house came in and demolished 400 sq ft of flooring.

Answer

I would also contact the real estate agents broker that gave the buyer the key information without your permission.  If the agent gave that info out it is against or rules, unless seller specifies its ok.  I had a buyer go and put a roof on a home he was had not closed on yet, he was my client and I had no knowledge that is was happening. I also had a buyer on one my listings leave the backdoor unlocked during the final walk through, they than went to the home at night and started painting.  I found out because I walked in on them with pink paint on their hands.  That was almost a lawsuit. 

  (0)
is an abstract necessary for an "as is"CASH sale? What is required?

Answer

The abstract is basically a book on the history of the property.  Every piece of land has one or if not it has to built for the property.  If you are buying a piece of property with or without a house you are going to want someone to look at the abstract to make sure there are no issues.  In Oklahoma an issue is native American land, many issues can arise from unclear abstracts.   This is information from my closer.

  (0)
is an abstract necessary for an "as is"CASH sale? What is required?

Answer

In my state yes you must have the abstract to transfer.  I had a closing last week that was cash as is and the seller had to pay for the abstract and normal Oklahoma Closing/Title Company fees.  The buyer had to pay Oklahoma Buyer Closing/Company fees.  So it depends on the state.

  (0)
How do I get out of a real estate contract in Tennessee?

Answer

It Depends on the dates in your contract.  There should be a time reference date that all inspections, lender expectations, ect....begin. So the contract should have stipulations.  Look at the contract.  If you are working with a real estate agent than ask them these questions.  If not you could always ask a local agent for some advice. Sorry I'm not aware of the Tennessee real estate information. I hope you can get out of it with your earnest money. 

  (0)