Ms-I

Hey Jaime,

Isn't thats what you told everyone 5, 4, 3, 2, 1 year ago. Going by CMA is like asking for hottie from your highschool for a date 20 years later and expecting him/her to remain hot.

CMA is a wet dream for losers (sellers and realtors).

Only way to determine the price of property in Miami is to go back to 1999 - 2000 price level. Like it or not - that is the PRICE TODAY not what was in 2005-2007. Many got conned in believing in this CMA and ruined their lives, not many are going to get conned now. - Thu Dec 10 2009, 06:50

Randy,

What is the price of the house now? I am sure the agent still tells you that there are multiple bids on the house! - Wed Dec 9 2009, 11:31

Jaime,

I am little confused. Is the market so strong that the buyer has to beg the seller to sell the property? i thought the banks are in such a deep trouble that they are going out of business and asking the taxpayers to bail them out.

I have not seen a single REO property which does not have a realtor assigned by the bank.

Why that licensed realtor would not be interested in marketing the property and getting his / her commission quickly instead of spliting with another realtor?/

Please help me out to understand. - Fri Dec 5 2008, 08:06

I have come across many agents (REO properties) who do not want to sell the properties in order to force the banks to reduce the price further. Idea is to bring the price below market value and have his /her cousin buy the property for flipping. It is number game. In the casinos, they have security watching dealers.

In this market, most sellable houses in Miami (REO) are not for sale but house without roof is for sale for over a milion dollars.

Go to county records, look up the owner (Bank) and send him a letter by certified mail with copy to your senator, Congress person and Governor Crist. Mail a copy to the realtor.

You may get the house. - Thu Dec 4 2008, 20:10

Showing would have to be scheduled tightly and that would be an inconvenience to the Listing Agent and the Buyer's Agent
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Do the agents consider 6% commision as INCONVENIENCE too? What is Buyer's agent? It is like calling a used car salesman on the lot your auto advisor.

On a $100 K property commission amounts to $6000.

How many hours do you think average American has to work to make that much money? - Fri Dec 4 2009, 20:50

It means that either the listing agent so sure to sell or so sure that no one would buy it - he/she could not be bothered to show the house. His her 3% is secured as soon as the listing contract was signed.

So much for getting commission that is twice the minimum downpayment for FHA loans. - Wed Oct 14 2009, 19:13

So this is what I gather form this debate. It is your money. Do not trust anyone!

All those homeless children, All those broken families and destroyed lives! I hope there is GOD .............. - Thu Dec 3 2009, 12:52

, but most people have only bought and sold a home 2 or 3 times in their lives, and they will be looking to their Realtor to help them interpret the findings of the inspection report, and help them make decisions as to what to do with that information.... credit, repair, both??
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THEIR REALTOR????? The SAME person who collects the commission from the seller? What a condescending attitude towards a buyer from a realtor!!!

You feel that the buyer who is making a biggest purchase in his life is not capable of dealing with the home inspector and discuss the problems with the house?

So you mean to say that you do not warn the buyer that a realtor is not qualified to give advice on home inspection and it would be conflict of interest?

What pills do you guys take to sleep at night? - Tue Nov 24 2009, 18:48

Hello All,

Are you forgeting something? Home inspectors CHARGE the customer fees for the services. So All the information generated on the house has to be given to the customer.

It is customers responsibility to use the information as necessary. Ignor it, ask to be fixed or walk away. Inspectors do not make that decision and nor do the REALTORS.

When we get the buildings inspected, we employ engineering firms to do the job. We pay them lot of money. (generally over $250 /hr per team member). They present us with a report giving complete condition of the building and approx. costs associated to fix the problems. That helps us to determine true value of the building and no future surprises.

Home imspection industry has very poor reputation because of unethical behavior of people involved. I have seen many houses being sold with blatant code violations. It is very clear from the discussions here, where so much ignorance is displayed about the job and ways to hide the information from the buyers.

Home inspectors should be totally independent and serve those who pay for service not those who refer them to unsuspecting buyers. - Tue Nov 24 2009, 05:25

Normally, I have never heard any buyer paying for the home inspections. The realtors normally arrange and pay for it as a good will gesture. After all, if someone is living in the house, what can be the problem.

Have you ever heard of any inspection company getting sued or a sale falling apart because of inspection report?

Read the fine print and you will understand why. - Sun Nov 22 2009, 16:30