If You Don’t Want To Sell Your Home Soon, You Need to Watch This Video!
Be careful with brokerages that offer to pay you something around $500 in exchange for you agreeing to sign an exclusive right to sell your home within 40 years, even if you have no intention of selling your home anytime soon.
They’re often preying on people who have lived in their home for many years. They’re telling them they have no intention of selling their home, but they’re thinking at some point you will. And what they’re going to do is go ahead and record a lien on that property.
So that way, when you do decide to sell your home, you’re going to have to owe them that 6 % commission, and that runs with the land. So you’ll pass it on to the next buyer if you don’t take care of it then, which makes it more difficult for you to sell your home.
And of course, you can say, well, I can just go ahead and sell my house with them, which sounds nice. But keep in mind, if someone’s almost forcing you to sell your home with them, they’re probably not that great at their job. And I’m speaking from experience. We have a client who is very upset about the scenario right now.
So if you have any questions, please leave comment below. Please share with anyone you think it would be helpful to. And as always, close with Patrice.
This has been “If You Don’t Want To Sell Your Home Soon, You Need to Watch This Video!” by Patrice Henderson of Designed Living Real Estate. Be sure to subscribe to her YouTube channels for all your real estate tips, home tours and advice.
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