Buyer feedback: a power full tool for sellers.

Buyer and agent feedback can be a powerful tool for a seller if they look at it as a way to correct objections of that have found items they can improve or correct to make their home sell faster. Remember the feedback isn't to critize you; it to help you correct what you can correct to get your home sold faster. Please remember that people have didfferent opinions and points of view. If you get feedback with specific items that are of small dollar value don't complain about them, ask yourself can I correct this and turn the feedback around to help me get my home sold. If someone trips on something and it can be moved to a location out of the way or off the property then move it. Don't say the buyer should be able to see that and leave it there for someone else to fall over. Just be glad no one got hurt that fell or almost feel and the "critism" is to help you not to hurt you or to keep others from being hurt if the item is a safety issue. So look around and see that there are no tripping hazards, no loose hand rails or items in the walkway that someone could fall over or get caught on or in.

Will your loan consider the commission as part of the sales price?

If you financing a loan you need to know that the gross sales price listed is what the basis of your loan will be based on. Auctions and other deals that require the buyer to pay this as a listed item tha do not include this in the sales price (1) require the buyer to pay this entire amount, (2) rarely if ever allow this as part of the gross sales price in the maximum mortgage calucation, (3) may result is a loan for the reduced lower sales price that would not otherwise appriase if the commission were included, (4) require more cash out of pocket for buyers in an already cash strapped market, (5) create a red flag for buyers, lenders, and agents that the sellers financial position maybe limited or in poor standing, (6) may result in a slightly lower excise tax on the sales price less the commision, and (7)may result in other unexpected fees or conditions to the sale the buyer may assume that they do not anticipate like outstanding taxes, liens, and hidden "as is- as found" conditions. In all cases, ask prior to showings or offer if the commision is in the price or not and insist that the appraisal value include all buyer common expenses normally on the sellers side of the HUD-1 statement or assumed seller expenses. Often when the commision and extras items are added in the deal isn't quite as good or may make a big difference to the buy in waste time, opportunities, and expenses.