I saw this question late, so you already have a wealth of advice. I hope by now you have curtailed your buying business with this agent. He is very much your competitor! The fact that you are even thinking it is enough to justify making a change. There are many agents who are nice people, and ethical in representing your interests first on top of it. If you told your agent you didn't want to buy the house in question, then it wouldn't be an issue. Since you were considering it, that is a problem.
You must have a trusting relationship with your agent. It will pay off to make a switch if you have not already done it.
Best of luck!
Kat Tyree, Associate Broker
Tierra Antigua Realty
If you are not a risk taker the answer is no. If you are a risk taker the answer is maybe as you will now become a lender just as a bank is when you carry a mortgage. Many factors can and will affect and/ or influence whether or not you get your money back. Only you can decide if the reward is worth the risk and effort to foreclose if it becomes necessary.... more
All very good points, but look at the glass as half full instead of empty. Was he/she able to negotiate a better price and net you a higher return? There are so many factors that I could list. I would suggest you taking a stab at it yourself and then contacting a Realtor that will do more for you so that you can have a great ROI.... more
There are many different opinions. As to the price range: The over $300 market is slower than the under $300 market but it still comes down to location, condition, and price. After 3 weeks on the market, it is not time to panic but you do need feed back on the showings from your agent. What are the agents and buyers saying? This will be a big clue as to what to do.
2. There is no minimum, just feedback and seeing how your home stacks up against all others in the area. If it is updated and in good condition, it should sell in under 60 days. If not it may need some adjustments.
3. Labor Day is sometimes good and sometimes Bad. The last holiday of the summer , in my opinion, tends to be very slow unless the buyers are very motivated. Remember it takes only one buyer.
Good Luck... more
As an agent I can check online for permits, however if you are dealing with an older home that was built in the 1930's it's very unlikely that a permit would have been recorded. You can go down to the county and look on the microfiche which will might reveal something. Many times I have accompanied a potential homeowner to the county office, but experience has taught me that my interpretation of the answer I get and yours could be different. If a permit is important to you, go yourself and take notes on whom you spoke with and what was said. The employees are helpful and you may even find out some other useful information about the home.... more
This market is changing too rapidly to lock into a Zip Code. May have worked a few months ago but not today. You are buying. Are you holding and/or selling? If you are holding, are you managing or hiring it done? How far away from your daily activities are you comfortable owning? Really need lots more information on your long term strategy to answer this question.
Make it a great week!
Thomas Weddingfeld, ABR, CNE, DAD, GRI, SFR, REALTOR... more
Under my listings, highlight on the field of input and place your MLS# of your listing and do a search. If your property does not show up, then chances are its a brand new listing. Just recheck it again after a while. And Re-try... more
One of the most important factors to look at, is what you can completely overlook, and end up with just that. An unsold home. problem # 1: a flat fee can be a deterrent to an agent bringing in a buyer. It is a common practice to look at what we call a Co-op fee. Thats what in the MLS discloses what you are going to bring in a "selling agent "who brings in a buyer. Many Realtors get motivated with a % that is reasonable. If you see a flat fee, it just might get overlooked ,over and over again costing you time in this market with a flip. A Good Realtor knows how to attract buyers. Realtor persuasion is key! Now you can negotiate a flat fee on lisitng side and a Co-op % on selling side. On a cash foreclosure purchase from a cryer at the courthouse, yes its reasonable to charge a flat fee to an investor, then when you use there same services to "List" yes it is common practice for a fee on lisitng side. But remember "Relationship and loyalty" will only get you that from a good Realtor if you follow those principles.... more