Sometimes, when we show a house and spend our gas and time; we assume that the people will feel obligated to use us.
We have a form, which we could pull out. which contractually obligates them to us, as thei Buyer's Agent; but some feel it is too crass and obvious, or we hate to push too hard. It smacks of being a "used car salesman".
It is probably just another case of the nice-guys-finishing-last.
In any case; if he showed you the house, you should be obligated if you make an offer within 30-45 days. He would have a legitimate claim to the commission.
Can you go with another Agent; Yes.
Should you cantact him or his Broker and explain your reasons, Yes.
Is it really any of your business who gets the commission, NO!
Are you a caring and considerate person, I hope so.
Good luck and may God bless... more
The agent qualifications mean the agent has more education, not necessarily more experience. The qualifications are good because most agents actually learn something when getting the qualifications. That does not mean, however, that an agent without the qualifications is any less an agent.
The best way to select an agent is to ask friends and family if they know of any good agents. You should try to get a few names (Google in your area too) and then interview them to see who you are most comfortable with. Purchasing a home can be a stressful experience so the more comfortable you are with your agent, the better.
The Gross Rent Multiplier or GRM is a ratio that is used to estimate the value of income producing properties. The GRM provides a rough estimate of value. Only two pieces of financial information are required to calculate the Gross Rent Multiplier for a property, the sales price and the total gross rents possible. If this information is available for multiple recent sales of similar types of income properties in a particular area, it can then be used to estimate the market value of other similar properties in that area. Some investors use a monthly Gross Rent Multiplier and some use a Yearly GRM. The monthly Gross Rent Multiplier is equal to the Sales Price of a property divided by the potential monthly rental income and the Yearly GRM is the Sales Price divided by the yearly potential rental income. Good hunting!... more
All depends if it's working properly. Septic Systems our finite systems. If you have NO room for expansion of the existing system or it inerferes with the water supply of this or neighboring properties then it is not only a negative but a big health and safety issue. We have many very high end areas that have septic systems. This means they are in the country and NOT able to be hooked up to City services. However, if you can hook-up to sewer and abandon the septic system I think i would be a HUGE plus in the marketing of the property. It will create both buyer AND seller piece of mind knowing that when they close escrow the system will NOT be an issue of further, future litigation.... more
The time in which the seller is asked to respond is one of the elements of crafting your agreement of sale. We usually ask sellers to respond in 24 hours, sometimes quicker if we feel we are putting forward a fair and good offer. However, if you are dealing with a bank owned property, a relocation company or a short sale things are different. None of these workm over the weekend. Banks can be very slow when they own the properties and when dealing with short sales. We have ways to speed these up knowing who to deal with at the banks.
Does the seller have to tell the prospective buyers about the other offers. That is their decision. We as agents usually inform all parties if their offer has been accepted or rejected, sometimes this might elicit another offer from a rejected party and if the agreement of sale has not been signed by all parties then this offer should be presented to the seller even if they have had a meeting of the minds on the terms of the other offer.
All sales are dictated by the terms of the agreement of sale and price is not always the only element that can be important. Sometimes a settlement date may be more important than price for example. This is why ity is important to use a realtor who can negotiate well and discover what terms might be important to the seller before making your offer.
I hope this answers your question feel free to contacrt me through our website if you have other questions or need further clarification.... more
Again this should all be taken care of in the agreement of sale. Usually this is part of a mortgage contingency, if you are using an FHA loan product as well the contract should also say the house must appraise at the price offered in the agreement of sale.... more
Your wife doesnot have to be working for her name to be on the contract and on the title.Yes, She will not get a mortgage to her name if she is not working.
Paoli, PA 19301
Only if it is initialed by the other party. If anything is written on the contract and/or buyer contract that is not initialed by both parties involved it will void the contract. Anything written on the either contract should be done in front of both parties so you know there is an agreement and both can initial at that time.
Jennifer Daywalt, Realtor
Re/Max Results Realty
Top Agent 2004, 2005, 2006, 2007, 2008
610-489-7355 Main Office