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Old 12-05-2012, 04:43 PM
 
27 posts, read 47,759 times
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Someone in my Temple is interested in a house that has house sitters living there. It's on the market since last winter and they discounted price by 60k and then stopped at 585 since last four months. They moved to HP and brought sitters in the house instead of another discount. It is a good house in good area and probably a good deal if they can get it around 570k but how should they approach the sitter issue. Should they ask sitters to leave before they sign any papers or wait for closing.
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Old 12-05-2012, 06:57 PM
 
Location: DFW
40,952 posts, read 49,176,191 times
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Do they have a RE Agent ? They could get you the answers.

Many house sitters leave when the house is sold.
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Old 12-05-2012, 07:08 PM
 
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House sitters are typically part of a formal program with a contract / lease called "Castle Keepers". They must have nice furnishings and pass references check and then are allowed to live in a house while it is for sale. Shows much better than an empty house! Their lease is terminated by Castle Keepers when the house is sold.

I wouldn't worry about it but would definitely get it written into the contract that tenants will vacate property by "x" date. The owner or seller's agent should be in communications with the tenant, not the buyers.
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Old 12-05-2012, 08:29 PM
 
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Anyone got any idea about on the average how far below asking buyers are paying in Collin County?
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Old 12-05-2012, 09:01 PM
 
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Quote:
Originally Posted by Falafelosophy View Post
Anyone got any idea about on the average how far below asking buyers are paying in Collin County?
Depends on the neighborhood. In some Plano & Frisco neighborhoods, it's more a question of how much above asking price or how many other contracts coming in on the same house. Naima or one of our other realtors on the forum just posted today that she took clients out in Frisco, they liked multiple properties and put offers in on them- and didn't get one of them. Multiple offers & bidding wars are back in many neighborhoods where inventory is running super low.

It is definitely turning into a seller's market in north / east Dallas unless the listings were purchase in 2007-2008 and seller is underwater and unrealistic. Not every home has a bidding was, but it is not uncommon for a well priced home that is in great condition.
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Old 12-06-2012, 06:51 AM
 
38 posts, read 67,229 times
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My West Plano neighborhood had two homes for sale, one went at asking price in six weeks and other had multiple offers 5-8% below asking but seller rejected though he moved to another house two moths ago and is carrying two mortgages. If that says anything then things are getting better thanks to low inventory.
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Old 12-06-2012, 09:37 AM
 
Location: DFW
40,952 posts, read 49,176,191 times
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Quote:
Originally Posted by Obamney View Post
My West Plano neighborhood had two homes for sale, one went at asking price in six weeks and other had multiple offers 5-8% below asking but seller rejected though he moved to another house two moths ago and is carrying two mortgages. If that says anything then things are getting better thanks to low inventory.
In general, anyone looking for a bargain is about 1 year too late. They should have done it in 2011.
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Old 12-06-2012, 11:20 AM
 
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Our friends in Mansfield put their home on the market Tuesday @ noon. 2 showings - 1 full price offer and another offer expected to come in today.
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Old 12-06-2012, 05:11 PM
 
Location: Mostly in my head
19,855 posts, read 65,818,191 times
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Yeah,in Aug. I had to offer full price cash to beat out the other offers. I got some reductions after the inspection, but that's what it took to get the house I wanted.
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Old 12-06-2012, 06:57 PM
 
1,341 posts, read 4,906,871 times
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Just out of curiousity....if its a sellers market (or the houses are well priced). At what price point are we talking? Is it the houses between 300-400k that are getting close to offer or full price? Over 500k?
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