"but we have to pay closing cost on the new house and pay off our 2 debts so that we can afford the bigger mortgage payment."~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Think about it. Who really cares other than you and your family?It seems the appraisal hasn't even been done yet. It could surprise a few people, and the house actually appraise. Maybe you're being prepared by your agent for the worse. If worse does comes to worse, depending on the amount of commission involved, there could be an outside chance to get the deal to work, the agent might take a cut along with you dropping your price. It doesn't hurt to ask. Also, keep in mind you're heading into the slowest period for RE sales and how much the carrying costs on your present home will be.
dreamhouse2007,Glad you have a real buyer, but sorry that it's a relative. While it has been done, it's much, much more difficult doing a short-sale when a relative is involved due to the arms length rule. I'm sorry, but I scanned the Realtors listed in Central Valley, CA on both Zillow and Trulia and didn't recognize any names, so I don't have anyone I could really recommend. Good luck. I have a feeling this is going to be a diificult one.
Hopefully you have a real buyer, but be very cautious.http://www.zillow.com/wikipages/Beware-of-Scams-and-Other-Internet-Fraud/http://www.zillow.com/advice/US/home-selling/question-discussion-guide/scams-on-zillow?s=0
"Why is a raven like a writing desk?"~~~~~~~~~~~~~~~~~~~~~~Edgar Allan Poe wrote on both.Now, why do people seem to continually misuse the words sale and sell, and does Gwen's question really make any sense at all?
Pgamgort,If you're doing a FSBO, you might be interested in the blog attached to the link below. Good luck.http://rockinblu-rockinblu.blogspot.com/2009/02/thinking-about-doing-fsbo.html
An agent can post it manually, or set up a feed for for multiple listings. They are not automatically fed from a MLS. See the link below.http://www.zillow.com/postings/Postings.htm
fishinbug,I had one made up. As far as I know Zillow still does not have their own for sale. Click on my profile and click on photos if you want to have a look at the one I had made up. I suggested a long time ago a plan for them to implement on the thread attached to the link below that I still think would be a decent idea. I think they have since changed the name from EZ ad to Showcase. http://www.zillow.com/advice-thread/How-About-This-Zillow/6125/
We are in the process of buying and selling....
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