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Permalink Reply by Brigitte Powell on July 26, 2010 at 6:21am

You are very welcome, sorry it couldn't be more. All the best :-)

MD said:

Thank you for the advice, I really appreciated!

Brigitte Powell said:

This is for Emily Knell: In Virginia we do not have fiduciary responsibility we have statutory responsibility - this was changed in 1995. Not all states are the same - imagine that?
This is for MD: I would tell your buyers agent to ask the listing agent to tell you if you are the only offer. Never assume anything. Tends to give you peace of mind :-). Yours is most likely the ONLY offer they have. Find out if your agent has done at least a couple of Short Sales.....and if not, tell her/or him you would feel more comfortable if he/she had advice from a more experienced agent. Find out WHY the offer has been sitting around for so long. Has your agent been in constant contact with the mortgage company? This is very unusual......something isn't right, or someone dropped the ball. A professional negotiator will cost you more money. Here in VA we have an attorney in our area who charges an extra 400.00 (besides the closing fee) to do the negotiation....BUT, let me warn you, that can backfire if you get someone who has never done it before. You need an agent who is experienced, willing to be educated and tenacious :-) If you can hang in there, hang in there...if you are a first time home buyer you only have until September for the tax credit.....so either tell your agent to partner with a SS experienced agent or make a change.

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