Hi George - I know your neighborhood because it's the same as mine! I'm a little late to this conversation but wanted to add my two cents. I think doing what suits your family best if you are staying for so many years is always the way to go. It's ALWAYS a smart idea to go with the neighborhood and having so many neighbors who have enlarged their 50's ranch already is better for you - especially if you are financing your construction costs. The old saying is that you never want to be the best house on the block but that saying doesn't apply when you're staying for as long as you plan to. I say may yours be the nicest house on the block! Good luck. If you're ever curious about what your market value would be after all of your work is completed - for free - shoot me a message. I love to see what people have done and would be happy to tell you what your home would list for if you were to put it on the market today. Just like they do on HGTV...
"businesses that are really customer focused would never allow such a question to come to the surface." SteadyState - there are great representatives and there are awful representatives in EVERY service industry. We aren't mind-readers nor are we miracle workers. There are always going to be customers who have a mistrust of every salesperson - real estate professionals included. All any agent in this position can do is be mindful of this and work harder to make sure their client feels more assured. There is nothing disloyal or unethical if you don't know your client has a trust issue and your statement about my industry being such is offensive. If you are unhappy about a situation you experienced personally, I'm sorry for that. Making negative blanket statements Real Estate industry and Agents is unfair and uncalled for.
In my market, the seller doesn't have to actively reject an offer they don't accept and can simply not respond.I agree with the other agents. If you're questioning in your mind, whether or not your agent did the one thing they are supposed to do; represent your interests - you should probably find another agent. One you trust. If you are just the worrying type and it's not your agent specifically - it could be any agent you would wonder about this - know and believe that your agent has the highest possible obligation to act ethically and responsibly on your behalf. Something like not presenting an offer would be the gravest breach of this relationship and unless you have good reason to believe it to be true, please understand that is highly unlikely to have happened.
Not everyone Michael ;)
I agree wholeheartedly Diane. It is one our biggest challenges sometimes, convincing a client to price their home 'right' the first time. But the next best thing we can do is prepare them with a reasonable timeframe for a possible reduction and stick to it. When the interest in their home just isn't there at the higher price, having a plan will hopefully ease that price reduction stress. We all know that many sellers have an elevated sense of their homes value (sometimes to the extreme!) and only seeing how the market responds to the higher price brings them back down to earth. Just going with the higher price without a plan for reducing it can be a recipe for strain on the relationship. Better to be prepared!
You can list it for rent for $9.95 (I think?) for six months. Create an account and dig down and you'll find a screen to put your ad and use your credit card. I paid for a rental listing here last fall and got great response.
Forgot the link! Here it is:http://www.remodeling.hw.net/2010/costvsvalue/division/pacific/city/seattle--wa.aspx
It sounds worth it to me, considering your long-term plans. Here's a link to a site with some cost/value ratios for various home improvements. I dug in to the Seattle area, so the page should be right where you need it. It doesn't specifically identify a MIL rental space, but you can hopefully extrapolate from the different ones to arrive at some reasonable figure. One concern I have and would advise you to address is zoning - if you plan to rent it legally in the future, be sure your city zoning board would approve it.
I've registered already too Spirit, unfortunately the calls continue...
Hi Handyds,There are couple of concerning things you describe here. I don't know what state you are in but in Massachusetts, no other agent can approach an owner who is already represented by their own agent. I'm a little confused about whose offer they were going to 'tear up'. Neither offer was binding until the seller signed it and until then, it didn't matter whose offer was presented first. If the seller had already accepted your offer, you would have a legitimate claim. It doesn't sound to me like you will be receiving anything back if they accepted the other offer. The seller does not even need to respond to you unfortunately.You could file a complaint with the local board, sure. Ask your agent to find out what board to file it with. You could complain to the selling agent's broker as well, if it makes you feel better to vent about it to them. It doesn't sound like you have any actionable recourse if no contract was signed by the seller, unfortunately.Perhaps the deal will fall through and you'll get another chance if you still want it. Sorry you've had to go through this.