Home Selling in 80916>Question Details

Bhad, Home Seller in 80916

Question removed

Asked by Bhad, 80916 Sat Feb 11, 2012

This question was removed by its author.

Help the community by answering this question:

Answers

31
Let's make this clear here, Realtors do not rush anyone into a sale, all sales have rights to inspect and there is due diligence on the part of every buyer to do their homework as well. You had at least 15-30 days from time offer was made to time of closing, you should have looked and researched this as part of your responsibility to buy a home. The agent only shows, lists, and closes the sale of the property!
0 votes Comment Flag Wed Feb 29, 2012
I join the chorus of "so sorry to hear about your experience and regrets". There is always a certain amount of buyer's remorse that kicks in and then subsides. But it sounds to me as though you are having your gut instincts and hesitations confirmed post close.

I would talk with an agent - and suggest you consider a new one - about listing when you are ready. You might give it a little more time to see if you feel differently in a few more weeks. If not, then put an action plan into place and get moving --- life is too short to be unhappy.

Best of luck to you!
Jeanne Feenick
Unwavering Commitment to Service, Unsurpassed Results
0 votes Comment Flag Tue Feb 28, 2012
Did you buy a new home or is it a resale? If there is new construction in the neighborhood it will be difficult to sell so soon. If you are in a great location that is in high demand that might be another story. However, you will most likely have to sell at a loss given the fees associated with selling a home. Sorry about your situation..
0 votes Comment Flag Mon Feb 27, 2012
Reselling your home and paying expenses will have you compounding the problem and will make it worse. My advice is to give it a little time and see if you can adjust to the home, and test your inner self to see if it is buyers remorse or something that is truly wrong. My question to you is did you view the home before buying? I would think that you would have noticed the six lane highway, that is pretty hard to miss. Is it the problem with you agent or did you rush in too quickly yourself? If someone treats me rudely as you described that would be the end of any relationship since courtesy, empathy, and a sense of gratitude are part of my core values and when violated, there is no second chance.
1 vote Comment Flag Mon Feb 27, 2012
Sorry to hear about your disappointing purchase! Hopefully your next one will be a plesant experience and you will be satisfied with your home :)
0 votes Comment Flag Sun Feb 26, 2012
Unless there are chains on the doors and a guard keeping you there, I would say you should move. I don't know your market, it is probably different than mine. But I do know that you can either try to sell it again - as long as you understand that there may be a cost involved that you can caulk up to a learning experience. You may also RENT your home which could allow you to move somewhere else - to a better home. Again, I don't know your market, but here it is a great rental market. You should find an agent you can trust, who you can connect with and maybe ask around in your market if the rental market is a good thing there.
0 votes Comment Flag Sat Feb 25, 2012
Bhad,

It is never too soon to sell, but you should really understand the implications and costs of doing it.

If homes are selling in your market and you don't mind moving again, talk to an agent and list the house. It is never too soon if you are truly unhappy with the house. On the other hand, it won't be cheap and I personally have never found moving to be any fun.

You might approach the agents broker to relist and help you find a better home. If you go in to the broker, he or she might get you a better deal on the commissions given the situation.

Good luck.
0 votes Comment Flag Sat Feb 25, 2012
I am sorry for your bad experience with the realtor, and I hope you will not let it influence your feelings for the house. Although you may be over burdened now, please take time to settle down and devise a way to make the best of the situation. Perhaps these ideas would make things more tolerable: painting, redecorating,
landscaping. You could also be experiencing buyer's remorse which can happen when not enough time is spent in choosing a home. If you feel a call to your Realtor's office manager is in order, by all means proceed in that direction. I hope you will be successful in turning lemons into lemonade. Good luck.
0 votes Comment Flag Sat Feb 25, 2012
I agree with Sean. We have some lessons to learn the first time around. Do a little more research on local Board of Realtors and the better business bureau on this agent's name. When a house buyer first signs up with an agent, things are usually pretty rosy, the agent assures the person that they can find an appropriate house for a price you can afford and everything will be great. Agents know that they need to spend a fair bit of time with a buyer, especially ones who want to look at a lot of houses. After a while however it’s not worth it for an agent to continue a long search especially if their contract is running out. This is the time when the agent will start trying to convince the buyer to lower their standards and raise their prices.Your agent gets paid when the deal gets done and only when it gets done. Things that your agent might say and should send red flags are:
“Someone else is looking at the house later today and they are really interested”. - Usually not true, the seller is usually willing to play that game because it increases the chances of their buyer putting in an offer in that day.
You should get a bid in quickly before someone else puts a bid in”. This creates a false sense of urgency. How long has this house been in the market just sitting. Whatever you do, never forget that they get paid when the deal gets done and only then. They don’t get paid for showing you more houses or walking away from close deals.
0 votes Comment Flag Sat Feb 25, 2012
Contact me and see if I can help you.
Brian 303-710-2609
0 votes Comment Flag Fri Feb 24, 2012
Dear Too Soon Too Sell,
As others say and I repeat, my heart falls knowing what you are enduring today. The exercise of placing the label of 'right' or 'wrong' will serve no good purpose for you. What is essential is identifying the pathway to wholeness for you.

Much of the anger expressed has it's origin in the resentment developed from the perceived manipulation that was reported. As long as this emotion remains unresolved, you will carry it to your next location. It will invade other relationships, cast suspicion on all, and jade the guidance that others provide. It will become an emotional trigger allowing others control over you. The teeth must be pulled from this emotional tiger to prevent a subsequent emotional response that could have even greater consequences.

Please understand, your position and situation is not dismissed in this post. They are real. The mechanics of extracting yourself from this situation are well known, well defined and have a very measurable financial cost. Your ability be bear the cost and willingness to move will make this option valid or invalid. Those are simply the mechanics of economics. What is of greatest concern to me is the residue after the mechanics have long since expired.

Let's not allow things to get worse. Let's not push you to the blowing limit by piling upon the stack of right and wrong the raw emotions of indignation, anger, resentment, disrespect. It is time to put them to bed and get on with your life whether that occurs at you present location or another..makes no difference. Your restoration to wholeness needs to get underway.

Silence the angry voices. Not a suggestion, a must.
Do so by dwelling, repeating, meditating on those things in your life for which you are undeserving. Those things from which you benefit that you did not earn, do not deserve but have because you have been granted unmerited favor.

It is these things for which you should be grateful. Acknowledge those things in your life for which you are truly grateful. Repeat them when those voices of anger stir. Every angry voice you still with an expression of gratefulness is one extracted tiger tooth that can no longer harm you. Gratefulness is the embryo of all enduring happiness. Replenish your reservoir of happiness and from such deep waters strength, you can make the decisions ushering in the fruit of abundance you desire to witness within your family. Start today.
1 vote Comment Flag Thu Feb 23, 2012
I think that you need to put your home on the market yesterday. That will help you see some light at the end of the tunnel. However, I do agree with both Bob and Joseph, the first thing to do is get a referral from a friend or family member that you trust and use that agent. Listing your home and finding a new home is what you need to do now. After that youcan work aboiuthte real estate commission in your area.
0 votes Comment Flag Wed Feb 22, 2012
If I were you I would contact the licensing agency of that agent. In Texas we use TREC Texas Real Estate Commission and place in a complaint. I understand in some situations you can find legal representation through them and they will actually penalize if not take that agent license away for unfair or inappropriate actions.
1 vote Comment Flag Wed Feb 22, 2012
Hi -
I am sorry to hear about your situation. Buying a new home should always be an exciting and joyful experience.
You can sell your home at any time you would like. You do not need to wait a certain period of time after you purchase a home until you can sell it. If you decide to sell it now, do some research to find a reputable REALTOR in your area and negotiate a fair commission with them to sell your home for you, and use the same REALTOR to find a new perfect home for you.
2 votes Comment Flag Tue Feb 21, 2012
Hi -

I'm sorry to hear about your situation. I also understand the frustrations over the agent you used - however, while I might question his/her attitude and communication skills.......I have to point out this fact. Insurance agents, financial advisors, Realtors, etc. don't make the decisions for you. They merely ADVISE - the final decision is ultimately up to you. 'm guessing the 6 lane highway was there before you signed the paperwork, as were the HOA guidelines (although the part about "no fences" seems odd). There are many who also blame real estate agents when their home loses value, and I always ask if conversely, they'd would have been willing to split the proceeds with said agent if the house appreciated 100k. The point is - no matter what a real estate agent, or anyone for that matter, tells you......you have the responsibility to do your own due dilligence with anything you purchase - ESPECIALLY a house. My advice would be to stick it out - you could be simply overreacting now and may grow to love the property....
4 votes Comment Flag Mon Feb 20, 2012
While I feel sorry for this situation. I would be pre-mature to beat up the real estate agent alone. Since I was not a party to this transaction, I know there has to another side to this story. Secondly, I find it hard to believe that any agent can "make you close on a home that you seriously don't want. Also is the husband compaining about the house as well since he signed for it according to the story. Lastly was the six-lane highway built after the closing? For a highway of that size and no fence between it and the home, how could you buy a home and not have that issue addressed before you signed. Sounds more like buyers remorse. Hopefully things will work out.
1 vote Comment Flag Mon Feb 20, 2012
Great advice from Alan and very good advice from many of the others here. So I won't repeat their advice.

However, a brief story: My wife and I ended up in a similar situation a number of years ago (before I became a Realtor, if that matters!). Basically, my wife and I were living in a nice little house in a close-in suburb of Washington D.C. It was on maybe 1/3 acre, in a community built in the late 1940s. Great location, solid house. But my wife hated it. She wanted land. She wanted more space. She wanted a dream home. So we ended up buying a somewhat larger home on 5 acres further out. Swimming pool, large garage. I wasn't enthusiastic. But she loved it. Well, she loved it for about a month after moving in. Then she began hating it as much as I did.

The house was on a gravel road. (Which we didn't terribly mind but would make it very difficult to sell.) The pool required constant maintenance, as do most pools. The house had a huge great room (fine for entertaining) but no dining room. The commute (in the D.C. area, that's a major issue) turned from a pleasure to a pain. It was all-electric heat, and $400 electric bills back in the 1990s were quite a burden.

Long story short: We were in pretty much the same situation as you find yourself today. And the real estate market around here was very soft in 1990-1992. Not as bad as today, but still not good.

We stuck it out. We hated every day of it. But we couldn't sell without losing a lot of money. So we hung in there. After a year or so, we put the house on the market and it took another year to sell. (People didn't want to buy a house on a gravel road with no dining room and a swimming pool that--they feared--their children could drown in.)

So as Alan and some of the others say, you can sell now and take a loss, perhaps a sizeable one. Or hang in there.

The answer really depends on how much you value your happiness. And there's no absolute answer for that.

Still, I'd agree with Alan: Give it a few months. See if your feelings are still intense in, say, June as they are today. Then make the decision.

Hope that helps.
2 votes Comment Flag Sat Feb 18, 2012
Don Tepper, Real Estate Pro in Fairfax, VA
MVP'08
Contact me
You can sell the home whenever you want. Your situation is unfortunate. I'm sure there would be a reputable firm you could find to help you sell this home with minimal expenses especially if you want them to find you another home.

Good Luck!
0 votes Comment Flag Mon Feb 13, 2012
Hello Home Seller:
Whoa! Are you sure on that HOA restriction?

I'm puzzled over that fence restriction. If a danger exists, that seems unusual to have a restriction like that. Have you contacted the HOA directly? Go to one of the HOA meetings or contact the management company for the HOA. If they are not helpful, apply with the city and the HOA for a building permit. You should be able to ask for a waiver on a restriction like that. Be sure to note that you want a fence because you're concerned about your kids wandering from the yard and into freeway traffic.

There are plenty of agents in Colorado Springs who can help you. Do some homework when you go to hire an agent. Hire someone who will represent you (and is not rude).
http://homebuying.about.com/od/realestateagents/How_to_Find_…
0 votes Comment Flag Mon Feb 13, 2012
Wow, I'm so sorry for the way you're feeling right now. I am also upset that most of the folks answering seem to be jumping on the bandwagon saying that your Realtor is at fault. Now, in the heat of the moment, sometimes things get exagerrated, and when someone is upset about something, (like maybe a change of lifestyle) things could seem worse than they really are. I think that you should probably have a talk with your husband and try to get to the bottom of how you got where you are right now. The Realtor definitely did not decide for you to buy the home, that was a decision made by either you and your husband, or your husband alone.

That being said, if you feel so strongly that your Realtor was out of line, then you need to file a complaint against her with either the local Board of Realtors or with the State of Colorado, if she's not a Realtor. Now, before everyone here jumps on my case because of my saying this, I want everyone to understand that, as much as it may upset some of you, I really don't believe that everything that was mentioned here happened exactly as it was relayed in this question. If it really had happened this way, I think that either you would have had warning flags much earlier in the transaction, or maybe your husband didn't care, and that becomes a problem that you have with him.

Now, what my suggestion would be is this - get started on solutions to the "problems" that you have with the home and the property. Find out why the HOA says you can't have a fence, or if they say you can't have the style of fence that you want, try to figure out what kind you can have that would make you happy. Second, try to get some shrubs up so you can block the noise from the roadway. Lastly, write down all of the items that you believe that the Realtor said/did wrong to you and your family, then sit down with your husband and go thru the list. If he agrees with you, then you can proceed with your complaint. If this Realtor was working as a Buyer's Agent for you, you may have some standing here. If she was a Transaction Broker, and was as egregiously wrong as you state she was, there may still be some standing here.

OK, so I'm done now, and I'm sorry if I hurt your feelings at all, but we, as Realtors, help people buy and sell homes every day - it's our job. I hear about exagerrated, unfounded and flat-out false reports about the actions of a Realtor, in doing his/her job, quite often, and it hurts our profession. Sure, there are some bad apples out there, as there are in any profession. All I ask is that buyers try to check inside themselves to see if it truly was something bad that the Realtor did, or if there are underlying, different, reasons why they're upset with where they are - did they not want to relocate, did they fall in love with one item in the home and not listen to the potential pitfalls of the home, etc.

Best of luck with your situation.
2 votes Comment Flag Sat Feb 11, 2012
You can put the house back on the market any time you want to. You do need to consider that you will likely lose money on the deal. You will have the realtor fees that the listing and buying agents will receive and possibility of capital gains taxes. You will have to deal with getting the house in "showing condition" for as long as it is on the market. You could be looking at getting an offer considerably less than what you paid for it as buyers want a deal and when they see that it has been re-listed so shortly after being sold they will think that you are desperate to sell or be expecting some improvements/remodeling to have been done. Do you know if you would be approved to buy another home or would you have to rent? Have you checked with the HOA to see if you can put up bushes instead of a fence? Would your family support you in putting the home up in light of these things? If you and your family are willing and able to put the home back on the market, than go for it. Peace of mind and being happy in your home are so important to your well being. It sounds like you had an agent who had no patience, or understanding of your needs, along with a poor attitude. If you do decide to list your home I would recommend interviewing a few agents and going with the one that you feel most comfortable with. I'm sorry that you had such a bad experience and hope that you are able to find peace and happiness with whatever you decide to do!
0 votes Comment Flag Sat Feb 11, 2012
Dear Bhad:
I agree with Roland Vinyard and some of the other responses. Yes you can resell your home. You do not need to worry about reselling within 90 days on an FHA loan (if that is what you have). That rule has been waived for over a year. There will be costs to sell, the biggest ones being the cost of obtaining a new loan, and the commission to sell your current one. Although you likely won't want to work with the agent who helped you purchase, I would speak to that person's Managing Broker, not only to inform them of the behavior of the agent but possibly to work out a commission agreement.

Contrary to what Mr. Walin wrote, Colorado has three types of Brokerage Relationships with Buyers: Buyer Agency, Transaction Brokerage, and Customer relationship. These do not release brokers of liability. Additionally, not all brokers are Realtors (who should be following a Code of Ethics). If your broker is a Realtor, you have the option contact the Board of Realtors.

Finally, as Mr. Vinyard said, their must have been something about the home that attracted you to it. From the time you signed to Contract to Buy and Sell, through the inspection period, the appraisal period, title and HOA review, and the loan, there was likely several weeks till closing. You had the opportunity to terminate the offer through that time, with likely the worst consequences being lost earnest money. Were you having regrets during that period? Did you express them to your broker? How does your husband and the rest of your family feel about the home? Many questions about the past, but we need to deal with the present. I too, would recommend that you give yourself some time to settle in, and see how you feel in a month or two. Hopefully you'll remember what that was and be able to find that excitement again. If not, you can start the process of selling and house hunting.

I'm very sorry you've had a bad experience. Again I would recommend that you contact the agent's broker. If you don't feel you are getting satisfaction, you can go to the Colorado Real Estate Commission. Please know that this behavior is not indicative of all brokers, and that there are many agents who are working to make sure their clients are happy.

Best of luck to you and your family.
0 votes Comment Flag Sat Feb 11, 2012
Wow! So sorry to hear about this. Of course you can put you home on the market whenever you want, but you will probably lose money doing it so soon.

I hope this works out for you. Did you not see the highway behind the home?
0 votes Comment Flag Sat Feb 11, 2012
Wow that really sux. You cant un-bake a cake...That is one of my favorite sayings a former boss told me.

Colorado has transactional brokerage, meaning that the agent default representation is representing the transaction, not either party. Whoo, whoo, great liability dodge for agents to advance the cause of a transaction, cant be held to the standard of fiduciary care we have in full agency law. if you signed a buyer brokerage agreement then your agent might have done something against the wording of that agency agreement. FHA loans discourage flipping properties so you cant make money on reselling before a 90 day window passes. Frankly i would have a problem with your husband signing the documents without you. Even if you are not on the mortgage, in many states a spouse has community property rights. A male agent couldn't get away with that behavior, but a woman can!
0 votes Comment Flag Sat Feb 11, 2012
You have two choices.

1) Of course you can sell. You have to decide what it is worth to you to rid yourself of your anguish, because it will probably cost the family some money, perhaps a lot, to switch.

2) Should you decide that you cannot afford to do that and will have to lump it, you need to do something to turn your attitude around so that you can make the best of what you have. After all, there was SOMETHING that originally attracted you to this place and that has not gone away. Try to look at your life there positively instead of negatively - beat it in your mind and don't let it get the best of you and wear you down. Grow from it. And if you need to, don't be afraid to seek counseling.

The other agent acted too hungrily and there's no reason to forgive her for her actions. But you can forget them and get on with your life. Two weeks is really not enough time to make a decision this important. Give it a year if you can. But first, realize no one can make a decision that can be trusted, not while one is crying and upset. Get that on an even keel first, it's the most critical thing both for you and for your family, and then afterwards decide.
2 votes Comment Flag Sat Feb 11, 2012
Is it too soon to put back on the market for your mental health? Absolutely not?

Is it too soon to put back on the market without losing money? Probably yes. Personally, I would allow things to "cool down" for at least three months... Change is difficult, and a few months might bring some serenity.

But if not, it's not worth your mental health to wait, if you can afford the loss. Good luck. (and yes, you're right... the way your Realtor spoke to your husband is rude beyond belief!).
2 votes Comment Flag Sat Feb 11, 2012
Alan May, Real Estate Pro in Evanston, IL
MVP'08
Contact me
Okay - first of all, I am very sorry you don't love your home and it is very unfortunate that you are in this situation. That being said..everyone seems to want to jump on 'it's the Realtors fault' bandwagon. The time for expressing your concerns over the home is through out the transaction. From your post, it looks like the conversation happened while your husband was at the closing table? The agent was rude and pushy but someone signed the papers and it wasn't the agent. You obviously were not being listened to and that resulted in a huge investment with issues that you need to resolve together - with your spouse.

I hope you are able to sell/move/resolve your issues. I am truly very sorry for your situation.
1 vote Comment Flag Sat Feb 11, 2012
I agree that a pre-payment penalty is a non issue. Loans these days don't have them and even if they did, it would be a soft prepayment penalty and not a hard prepayment penalty.
0 votes Comment Flag Sat Feb 11, 2012
Wow, how sad for you and your family. I agree with Ron that your agent is (was) at fault in this situation. It has been a long time; but I have seen an agent try to push clients into a home. I must say, it is absolutely not the norm and most agents do have their clients best interests at heart. Sorry you are going through this.

Ron brings up a good point about a prepayment penalty and checking your loan documents; however, I seriously doubt there is a prepayment penalty on your loan. I haven't seen a product with a prepayment since the whole housing mess happened. You will have the cost of sale; however: Commissions, taxes, etc. You might want to contact the agents broker (assuming he/she is not the broker), meet with them and rely your story/situation to them. A good broker is not going to want a story this disasterous circulating in your community. Perhaps they will offer to waive most of the commissions for selling the home. Of course, I would not recommend working with the same agent! You also might want to talk with your tax advisor so you know the consequences. Wishing you a speedy resolution.
1 vote Comment Flag Sat Feb 11, 2012
Bhad,
I'm very sorry for your terrible experience. Never let anyone treat you like this again, you are an adult and don't need to make a salesperson happy at your expense.
The reality is you can fix this, but it will cost money and time. Selling in a difficult location takes the right buyer and the right price. You will likely lose money to unload the house, so it may come down to what you are able and willing to afford.
As far as the agents behavior, I agree she was rude, unprofessional and self serving, but nothing you wrote about breaks the law. You can discuss your experience with a lawyer where things can be examined in greater detail to see if you have a legal complaint or at least an ethical complaint that you can take to her company, multiple listing service or board of Realtors.
1 vote Comment Flag Sat Feb 11, 2012
Yes, the Realtor is definitely at fault!
You may lose some money on the sale, but your biggest stumbling block may be your loan:
Is there a pre-payment penalty?
You'd have to read your loan papers.

Good luck and may God bless
0 votes Comment Flag Sat Feb 11, 2012
Search Advice
Email me when…

Learn more

Copyright © 2012 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer