happens: What happens if a Seller Receives Multiple Offers?
- 06/18/14 02:07 AM
What happens if a seller receives multiple offers, is an interesting article that shows how the internal functions of Real Estate operate. For a more thorough break down of what happens when a seller gets several offers, continue reading below. Wellington Florida Real Estate Q&A: Question: I just submitted an offer on a Wellington home and was told the seller has received 9 other offers, what happens now? Answer: Every seller handles multiple offer situations differently. As a Wellington REALTOR, who works with both home sellers and buyers, I've seen multiple offer situations handled many different ways, but below are the three most common. 1. Some sellers will … (1 comments)
Take the example of an imaginary agent name Charles Valiant of Imaginary Realty. Charles’ client Dana Tennett wants to sell her house. So Dana approaches Charles. Dana signs a 90 day exclusive listing to sell her home. A week later, Charles decides to “chuck” it all. He moves to Japan and puts his license on inactive status.
What happens to Dana’s listing? Does it just become an open listing because the agent is gone? Is the listing voidable on the grounds of abandonment? Does the listing remain in effect? Or, … (0 comments)
happens: Do you know what happens when zoning laws change the value of a property?
- 12/05/13 01:56 AM
Let’s say an imaginary developer named Harold Dumas owns a 100-acre tract of land along a major river. Harold plans to build a riverfront community on this property; however, just before Harold applies for his building permit, he learns that the County has changed the zoning on his land. He is now prohibited from building residential development on this property. His property currently used as farmland can be used only as farmland or for light industrial usage. Can Harold expect compensation from the county for the loss he thinks he has suffered? Harold could expect compensation for his property if the … (0 comments)
Neighborhood notes, local features and tips for buyers, sellers, renters and landlords in Northern Virginia especially Alexandria, Arlington, Fairfax and Falls Church. Including fast and free property search tools.
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