Home Sellers Who Pay to Sell

A reader called me last week to ask if it's becoming more common for a seller to pay to sell, because his agent told him he would have to bring money to the table to close. He asked, "Is it true?"

I couldn't really speak to his situation because he is represented by a REALTOR®, and REALTORS® are forbidden by the REALTOR® Code of Ethics from interfering with another REALTOR'SR transaction. But I could say that I've represented sellers who were forced to deposit funds to close; so yes, it does happen. I've closed several such transactions recently, and they did not create warm, fuzzy moments for the cash-strapped sellers, but it's a fact of today's marketplace.

Sometimes it's the seller's fault, and sometimes it's not. Sometimes it's the mere fact that prices have been falling; but bringing money to the table and paying to sell often occur under these following circumstances . . . read more

Ready to Know More About Selling Under Duress? Click below:

• Selling in Slowing Markets
  
• Selling While Divorcing
  
• Foreclosure & Short Sale Taxes

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Technorati tag: pay to sell

_{At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.}