Mikem

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Mikem, Real Estate Professional in 01803
  • 103 Answers
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Mikem's Questions (2)
Mikem's Answers (103)
Diane Kawell, Real Estate Pro in Federal Way, WA

Does posting listings on a bijillion internet sites actually help sell a home?

Asked Mon Oct 27 2008, 21:01 by Diane Kawell  -  Agent2Agent in Federal Way  -  54 answers
Mikem answered:
The sites help you get the home in front of buyers, whether or not they buy will depend on the price and all the usuall things. But since you can't really control if someone buys, all you can do is put it in front of buyers and see.

Are the obscure sites no one ever herd of really needed? Not really, but you do want to have your home on the major sites (trulia, zillow, craig's list etc) - Sat Mar 21 2009, 20:58
Amber, Home Buyer in Louisiana

The listing agent is not doing her job after I paid the rental deposit. What do I do?

Asked Mon Mar 16 2009, 17:42 by Amber  -  Rental Basics in Louisiana  -  3 answers
Mikem answered:
Did you ask her why all the extensions? There might be a reason outside agent's control, like say the owner not moving out in time or some such. But I suppose stopping by agent's office to chat with them/their broker wouldn't hurt.

And yes, you *could* go through someone else, a buyer's agent (an agent that works for you, unlike the listing agent which works for the seller) you may not be able to do it now since the listing agent would have a good case for procurring cause. - Mon Mar 16 2009, 19:21
Jenerra, Home Buyer in Portland, OR

If I buy a home without a realtor, do I still pay a commission fee?

Asked Thu Feb 5 2009, 15:53 by Jenerra  -  Home Buying in Portland  -  14 answers
Mikem answered:
Ah I see, I misread the question originally. The contract that seller has with the listing agent is between the seller and the listing agent, a buyer is not a party to that contract and as such has no influence over it. As a buyer you pay a price, that's all.

The contract between listing agent and the seller may specify that the agent will reduce their comission if they are getting both sides, or it may not. A listing agent may also be willing to reduce their comission to increase the "net gain" to the seller to make the deal go through, or they might not.

However as a buyer you just pay whatever price you want and hope your offer is accepted, weather you have a buyer's agent or not doesn't change this. - Mon Mar 16 2009, 13:58
As a buyer you do not pay comission to buyer's agent (unless the seller is a fsbo who refuses to pay comission) the buyers agent gets paid by the listing agent. Some people look at it as buyer paying though, since the buyer is the one footing the bill in the end. (of course, since seller doesn't get that many the seller looks at it as their loss, i.e. the seller pays) it's one of the more amusing debates about rel estate. - Mon Mar 16 2009, 13:50
Rex, Other/Just Looking in Avon, CT

Question removed

Asked Mon Mar 16 2009, 13:45 by Rex  -  Rent vs Buy in 06001  -  3 answers
Mikem answered:
Send a complaint to NAR, though you may want to provide some details. - Mon Mar 16 2009, 13:48
Fran H, Home Buyer in Brooklyn, NY

Prequalification vs Preapproval

Asked Mon Mar 16 2009, 13:29 by Fran H  -  Home Buying in New York  -  10 answers
Mikem answered:
You are right, but depends on what exactly is the pre qualification is like. Did the mortgage broker sit down with you, looked at your income, debt, and other assetts and came up with a mortgage figure for which you would qualify? Then that's more like pre approval. On the other hand if it was more along the lines of you telling them how much you make and mortgage broker saying "oh yea, no problem" then yes, you should get a pre aproval letter. probably somethign to get anyway since most sellers will likely want to see it before they accept an offer. - Mon Mar 16 2009, 13:33
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61 Tower St, Methuen, MA 01844 61 Tower St,…
$269,000
3 br  2 ba  
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