Seller Contributions All Locations : Nationwide Real Estate Advice

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Doug McVinua, Real Estate Pro in Gilbert, AZ
Doug McVinua answered:
I am concerned that some of these Pro Advice givers are severly deficient in experience or mortgage know how to be delivering advice. Anyone else?
Matthew

Raising the bar in the Real Estate Industry is an effort I have personally been involved heavily in for years. It does take a collective effort to have an impact.

The gen ... more
0 votes Share Flag Sat Jan 29, 2011 Financing in Phoenix
Tim Moore, Real Estate Pro in Kitty Hawk, NC
Tim Moore answered:
BIGGEST Rental Boom in U.S. History?
Where you have renters you will have to have owners since banks will not be landlords, therefore it stands to reason that those that can buy will be the big winners while those that mus ... more
0 votes Share Flag Thu Jan 27, 2011 Home Buying
The Stephen…, Real Estate Pro in Portland, OR
The Stephen FitzMaurice Team answered:
There are a lot of short sales and foreclosures on the market right now. What can I do to compete with these listings, besides lowering the price?
Make it look good! Many short sales and foreclosures are dirty and dingy! The better your home looks the better you separate yourself.
0 votes Share Flag Mon Sep 15, 2014 Home Selling in Eugene
Jim McCowan, Real Estate Pro in Arlington, VA
Jim McCowan answered:
I want to sell my condo in 22209. In my search for an agent, what are the best questions to ask and which criteria are most signficant?
I think it's more of a connection than questions. This will be a pretty intense relationship, although a short one, hopefully! You need to feel 110% comfortable with the person s ... more
0 votes Share Flag Mon Jan 10, 2011 Home Selling in Arlington County
Anna M Brocco, Real Estate Pro in Williston Park, NY
Anna M Brocco answered:
How does HomePath Financing Work for Purchasing Second Home?
For an accurate answer as it relates to your specific situation do visit with any qualified loan officer(s); after reviewing your overall financial information, a determination on quali ... more
0 votes Share Flag Mon Jan 10, 2011 Financing in Austin
Anna M Brocco, Real Estate Pro in Williston Park, NY
Anna M Brocco answered:
Hello. I am thinking about trying to sell my house in 2011to be by family. What are the typical realtor/selling fees I need to calculate in?
Commissions are always negotiable between you and your agent--there are no set standards as it would go against Federal Laws--in particular the Sherman Antitrust Act and Clayton Antitru ... more
0 votes Share Flag Mon May 9, 2011 Home Selling in Milwaukie
EmpoweredBuy…,  in Bethany, OH
EmpoweredBuyer.com Buyer Rebate answered:
Are any down payment assistance programs available for first time home buyers?
There are some programs available, including certain locales that have incentives. Hooking up with a local agent early is always the best route to take. Sellers will often help with c ... more
0 votes Share Flag Tue Jan 4, 2011 Home Buying in Sacramento
Gary Hearn,  in Pleasanton, CA
Gary Hearn answered:
short sale sent to senior management - what does this mean?
No way to know for sure. Could mean for final approval or could also mean there is an issue that "senior management" must address. The negotiator should be able to tell you.
0 votes Share Flag Sat May 7, 2011 Home Buying in 94566
Young Choi,  in Fairfax County, VA
Young Choi answered:
How much money is a seller allowed to contribute to the buyer? Can the seller provide closing cost and assis ...
that's depends on the loan program you are going with. For FHA, you could get up 6% of the sales price. For conventional loan, you could get up to 3% of the sales price. However ... more
0 votes Share Flag Tue Dec 7, 2010 Home Buying in Norfolk
CJ Brasiel, Real Estate Pro in San Jose, CA
CJ Brasiel answered:
Does 1st lien holder must provide an approval letter of the extra money 2nd lien holder get? Or just approves the HUD-1 is sufficient to be legal?
Wsf -

Commissions are approved by the short sale lender and the first lien holder must approve any commission being used to cover other lien holders. The first/senior lien holder se ... more
0 votes Share Flag Tue Dec 7, 2010 Home Buying in San Jose
Larry Story, Real Estate Pro in Greensboro, NC
Larry Story answered:
contingency removal
Hollie,

That is all going to depend on the contract and contingency paperwork you signed. Usually in NC when we have a contingency we give the buyer approx 48 hours to remove the c ... more
0 votes Share Flag Tue Nov 23, 2010 Home Buying in San Jose
Lori Beardsl…, Real Estate Pro in Canton, GA
Lori Beardslee answered:
In contract for foreclosure...appraiser sent by lender says he is employee of the lender. ..but the name on the appraisal is the lender &
When you say lender, are you talking about YOUR lender who you are getting the new loan to buy the foreclosure from or are you talking about the bank that owns the foreclosed property? ... more
0 votes Share Flag Tue Nov 23, 2010 Foreclosure in Woodstock
Jennifer Day…, Real Estate Pro in Phoenixville, PA
Jennifer Daywalt answered:
Is it better to sell a house that needs a lot of work in an as is condition or try to put money into it to ask for more money and make it appealing?
Good Morning Janice,

There are a few great ways to "spice" up a home and make it look more appealing without spending a lot of money. Of course this depends on the type of ... more
0 votes Share Flag Mon Oct 18, 2010 Home Selling in Oreland
Debbie Summe…, Real Estate Pro in Orlando, FL
Debbie Summers answered:
where can i find a good short sale or foreclosure real estate agent? altamonte springs area, florida
Kate -

There are good agents right here on Trulia!

Look for an agent who is a Certified Distressed Property Expert... They have advanced training and work with short sales and REO ... more
0 votes Share Flag Tue Oct 12, 2010 Home Buying in Altamonte Springs
The Medford…, Real Estate Pro in Fremont, CA
The Medford Team answered:
After Short sale approval, agent told me that I need to bring additional $3k to closing? Is that legal?
Bay Area buyer:

Q: The short sale bank approval the sale on the property for $150k, with net proceeding to be $139k. Right after I ordered the appraisal, the agent told me that we ar ... more
0 votes Share Flag Thu May 15, 2014 Home Buying in Fremont
Jaryd Ruffner, Real Estate Pro in Puyallup, WA
Jaryd Ruffner answered:
Is there any chance to counter a bank's counter offer that asks for the seller to pay $7500 for the 1 ...
$3,000 to the 2nd is standard. That will need to be a deduction on the HUD-1 paid to the 2nd from the first's proceeds. You can definately counter the $7,500 to the 1st too. Determ ... more
0 votes Share Flag Thu May 15, 2014 Home Selling in Fremont
Ian A. Wolf, Real Estate Pro in Morristown, NJ
Ian A. Wolf answered:
I want to buy an apartment but, I do not know enough about it to make an educated decision.
What you need more than anything is a Realtor to represent you as a Buyer's Agent so that you have an advocate to help you find out what you need. Most apartments building will eit ... more
0 votes Share Flag Tue Nov 27, 2012 Home Buying in 11360
Gregorio Den…,  in San Diego, CA
Gregorio Denny answered:
What to pay a mortgage broker if you don't end up using them?
If he is ethical, he cannot accept your money. A broker cannot be compensated outside of a closing. If you liked his / her work, refer your friends to them. Don't feel guilty about ... more
0 votes Share Flag Thu Aug 29, 2013 Financing in Sacramento
Almostdid, Other/Just Looking in Orlando, FL
Almostdid answered:
how would a write a REPURCHASE LETTER useing this scenario?
did u get the answer for this scenario? If you did can you share the answer.
0 votes Share Flag Sun Jun 12, 2011 Home Buying in Houston
David Baker, Real Estate Pro in Phoenix, AZ
David Baker answered:
Talk in Washington is on another stimulus for housing. That's right, maybe another surge and fall. Can government intervention fire up real?
I think the answer really will be in jobs and stability for our work force. Currently many buyers are not feeling very secure to move forward with a purchase, thus many First Time Buye ... more
0 votes Share Flag Tue Sep 21, 2010 Market Conditions in Longmont
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