Friday I was out and about and decided to stop and talk to a FSBO..
I sas a cut little home in downtown Clarkston and decide to talk to the woman who was selling it by owner. Very nice home, she put a lot of time and money into it and needs to sell it...quick.(funny she is trying it on her own) Anyway, as I was saying, I stopped and visited with her, and toured the home... then she proceeds to tell me her troubles.
When she bought the home it was for sale by owner...she liked it and thought she could pick it up and "flip" it...she made an offer... and put down $10,000 earnest money...WOW $10,000 for EARNEST money on a home she could have not paid over $70,000 for...
She ran into financial troubles, and came back to mr. seller and told him that she could not afford to finance this little home.. but guess what..Mr. Seller told her she was bound to the deal...or she would loose her money.
On the other hand, she also bought a beautiful new home that was also for sale by owner...well.. she really got herself in a pickle and decided to list with a discount realty..(that is a whole new story alone, whe won't even touch that one..lets just say she is very unhappy)
To make a long story short she found a nice realative to finance the little "flip" so she wouldn't loose her $10,000.. now she has to sell it and pay him back..plus, sell a big fancy home with a discount broker...(I noticed she has placed her own ads for that property, and held one open house herself..)
I gave her my card, and told her to never buy a house again without calling me..even if it is FSBO..I can still represent her..I am also keeping in touch with her because when she finds that selling her home alone will not get the job done I will be there for her. I feel bad that she is in such a mess, but she realizes that if only she had an agent she wouldn't have gotten herself so strapped for cash..
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