[lvoc]

Originally Posted by Letters2009

Hi,

Before I moved, I have signed a Power of Attorney to an agent to represent me to sign papers for the house.

Now, If I want to offer $1K to any agent like JDRTX advised, could I have more agents at the same time? Thanks!

You are into lawyer country. PofA is very unusual here and most places. May be standard where the house is...I don't know.

So you are now too specialized for general advice. You have to go to someplace where they have specific knowledge of your area.

[Letters2009]

[quote=lvoc;26117040]You are into lawyer country. PofA is very unusual here and most places. May be standard where the house is...I don't know.

Sorry LVOC,

If I decide to change to a different listing agent, do you think it is OK? Thanks!

[lvoc]

[quote=Letters2009;26117269]

Originally Posted by lvoc

You are into lawyer country. PofA is very unusual here and most places. May be standard where the house is...I don't know.

Sorry LVOC,

If I decide to change to a different listing agent, do you think it is OK? Thanks!

No way I can tell. It depends on how committed you actually are. Did you sign a listing agreement as well as a PofA? If so you are dependent on the good will of the listing broker to go anywhere else.

[Letters2009]

Thanks so much for all of your time and your help!

Sincerely,

Letters2009

[modhatter]

It is really difficult giving solid advice not knowing the state in which your home is located, and the area it is in. At this point since you don't know the market, I would do what another advised. Have a listing agent work up some com parables for a quick sale. Sounds like it's too late to save the listing commission, and I only advise that in a strong seller's market. But since we do not know where your home is located and what the market is like there right now, if is difficult to advise.

There are many more pluses for not going Short Sale right now. Again, depending on your area, there are many people who don't want to go the Short Sale avenue. It can take six to nine months, and that is six to nine more months of owed mortgage payments(deficiency) for you. People who want a house NOW don't want the uncertainty of a Short sale, nor the length of time involved. There is in many areas a "shortage" or reasonably priced homes on the market that can be purchased and financed. If you accept a financed (conventional 20% down contract) on your house, you want to see a "current" per-qualified letter from a lending institution and also ask for proof of down payment to accompany contract. (a statement from their their bank showing the sufficient down payment in the bank)

Plus if you are in a halfway desirable neighborhood, then a Short Sale will bring mostly investors at a lower price and maybe 8 months or better to be able to close. It makes absolutely no sense for you to enter into a Short Sale unless there was no other choice, which there appears to be, since you are so close to being able to sell in a conventional route. You may even be able to snag a cash buyer, and knock a $1,000 off the sale price if they close in two weeks or three the most. That's how I just bought my house. It was a cash sale and promised to close in less than 3 weeks.

It does all boil down to what your house is currently worth. If it will fetch $8-9,000 more than is owed, then go for it. NOW.