Selling House, Feeling Pressured by Realtor, Something Smells Fishy
*throwaway account for obvious reasons*
My ex-wife and I separated approximately one year ago but continued to live together (SW Ontario). We have a great, fixed mortgage that is about to expire and very low monthly living costs.
Things have got somewhat volatile (we can't get along) and we put our house up for sale. Both of our names are on the title/deed.
Nearly every offer we have received has been from a flipper via our Realtor. The house listed at 349,000. The house was recently appraised at 375k. The offers have been, in this order: 280k, 285k, 270k, 265k, 283k. Then, before we had even considered accepting one, the person who offered 280k increased their offer to 300k CASH, no conditions, no home inspection, and appliances included.
This particular buyer's offer expires tomorrow and he seems hell-bent or very eager to close before year's end. I was out doing errands at noon and my Realtor called to 'remind' me that the offer was set to 'die' at 1pm. So I told him to let it die then, because I won't be rushed on a major decision like this, and hung up. He calls me back an hour later and says that the buyer is willing to give us 24 hours more to 'think it over'.
Is there any reason for this, is there something I'm missing here? I get the feeling he knows we're desperate to sell and is obviously low-balling. Should we wait until the new year and see what offers come in, or should we sell now? My ex is also eager to accept this offer and when I told her I didn't think I wanted to accept, she exploded and threatened legal action in the way of 'forcing a sale'.
Advice, anyone?' Also, do any 'Realtors' have predictions as to what the market will do in the next 3-4 months? Because keep in mind, living with my very pleasant ex-wife invigorates my day — I just can't wait to get to my employer each day.
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Just wanted to update everyone with the results of this Realtor-seller interaction. I'm not going to post actual text screenshots, but you'll just have to take my word on what I just now texted my 'Realtor'.
Realtor Text: It will be good to sleep on this decision. As I said, the buyer has extended his offer until 12pm on Friday, January 30th.
My Reply, Verbatim: Hi Bud. I've slept enough, and have decided that I'm going to decline the offer. Just doesn't pass the sniff test for me. In actuality, I'd like a new agent, if you are willing to terminate the agreement early. I just don't feel like things are on the up-and-up, and frankly, I feel like you are insulting my intelligence. My ex-wife, OTOH? I'm sure you assessed her intelligence long before I came into the picture (she selected him without my input). But it's a firm no from me. I'd like to take my chances with a new agent for a New Year. No offence to you, of course. But yeah, you can tell Mister 300k to pound salt. Thanks for your time, sir.
edit: grammar/spelling, adding details
edit 2: a thought
submitted by /u/stok3d1977
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