SD R,
Your client stopped by this board while you were on vacation so I know the unit. It’s a nice one. I shared with him that out of 34 units sold in his area in 2006 at least 2/3rd were subprime financing with little or no down and that he should screw not around if he gets a decent offer from a solid buyer. I hope he got one.
I also know the FSBO neighbor who has a very shaky income situation. I meet him at an open house a couple years ago and about 18 months ago I tried to help him sell it. He would have had to pay me to represent him (2.5%) and the buyers agent (2.5%) but the price would have been about $515,000 before he invested any of the money he did for granite, travertine etc on remodelling. He was convinced he could do it himself and save 2% (about $10,000). He probably has one of if not the best location in the complex but a year later he is languishing on the market completely overpriced. If he had listened to me he would be well on his way with at least $20,000 more than he will end up with as well as getting out from heavy mortgage payments. Don’t sweat it! Some people create their own problems.
