Noel G. Herrera

"Home Finder & Mortgage Analyst"
  • I'm a:
  • Real Estate Professional
  • Company:
  • KB Home
  • Location:
  • Phone:
  • (210) 430-2055
Noel G. Herrera,  in San Antonio
  • 23 Answers
  • 10 Useful Answers
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About Me
I was born & raised in san Antonio as well as both my parents. I have 12 years in the mortgage AND realestate business. I now work for KB homes. My mother, sister , brother & brother-in-law are all real estate agents as well. I love helping people making their dream of home ownership a reality...I REALLY do!! it's a great feeling when I can help in any way someone buy a home. I currently work in the KB Home Finding Center. Here I have access to information on all communities in San Antonio including schools, taxes, etc....We also offer a FREE mortgage analysis.
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Noel G. Herr…'s Questions (0)
Noel G. Herr…'s Answers (23)

What is a typical brokerage fee for San Antonio realtors?

Noel G. Herrera answered:
Average fee is 6%....paid by the sellers to their realtor, who in turn splits it with the buyer's agent, unless ofcourse he/she finds the buyers. - Sat Aug 16 2008, 16:32
Noel G. Herrera answered:
Unfortunately NO. You cannot be compensated due to the fact that you are not a licensed realtor....If you don't use a realtor...the total 6% or wahtever the seller has agreed to pay their listing agent is simply NOT "split" with a buyer's agent....Therefore ...get representation to help you, it costs YOU nothing... - Fri Jul 25 2008, 09:24
Unfortunately no...The seller's agent pays his agent an agreed commission and IF there is a buyer's agent, then the listing agent would split that. Therefore, the seller who is doing the paying doesn't really save anything to pass along to you....However, you MAY get a better "deal" if buying from a builder that does not have to pay a realtor?? - Sat Jul 12 2008, 15:28

my wife and i are relocating.

Noel G. Herrera answered:
Congratulations on your new born... I have a 1and 1/2 year old myself...There are people whom you could have manage your property should you decide to rent...I have a few names & numbers if you need them...call me @210-430-2055....Good Luck - Sat Jul 19 2008, 12:10
Stuart,
Matt gave some real good advice...What's your time frame for selling/moving?? Are there a lot of homes for sale in your neighborhood?? If not, you might want to talk to your neighbors & perhaps provide them with a flyer in reference to. Many times your neighbors may have friends or family who might want o live closer to them...Buyer & agent incentives would go along way in addition to a fair market price...Good Luck. - Sat Jul 19 2008, 09:53
Noel G. Herrera answered:
Jeremy,
I've obviously hurt someone's feelings...I was just trying to be helpful...."Nuts & Bolts"...."Bumper to bumber"??? Sounds to me that someone perhaps is or was a used car salesman...FYI...Most NEW car salesman ARE licensed.... More food for thought...A realtor only gets paid if you buy a house....I work in the HOME FINDING CENTER...I am paid a salary for helping buyers...not commision on any sold home...I also have over 12 years in the mortgage & real estate business. I already know your buying a home from another builder other than the one I so happen to work for...I have nothing to gain, therefore from my advice & OPINION, which I guess Steve is wecome to have his own.....Thanks for your personal e-mail, congratulations on your new home & best of luck....Bottom line ...people are people...and no oath or code of ethics will ever change who a person is...and most information you need in reference to buying a new home, whether it be about the area, schools or the builder is available to the public....I have met in my lifetime crooked realtors and honest car salesman...So please don't believe that any oath taken actually better's a person or make one better than another... - Wed Jul 16 2008, 15:34
The incentives CAN be used towards the closing costs...Most builders also have CCA's (Closing Cost Assistance Programs)....during the walk thru...be very picky...insist that the home is perfect..in reference to "upgrades" normally there are none, unless your having a home built from scratch...the reason for the incentives IS that your buying the home as is very much like buying a "resale" home the only difference is that noone has ever lived in this one...an inspector is not a bad idea...BUT remember you covered by the warranty...normally 10 years....Feel fre to contact me directly for some additional free advice...210-430-2055 - Sun Jul 13 2008, 11:30
Jeremy,
I presumed my advice in reference to NOT using a real estate agent would not go over so well....I was just trying to be helpful...I am a licensed real estate agent, as well as my sisiter, brother, mother, father, brother-in law, wife..basically I come from a family of real estate agents...I also owned my own mortgage brokerage company for 12 years...I am not trying in any way to beliitle a realtors "job". However, the MAIN purpose for a real estate agent is to help you find a home....New home builders have on-site counselors to do that??? The contracts are written up by the builder & are RARELY reviewed by any team from the realtor...other than confirming that their 3% commision is accurate??? there is not much to buying a home...A new home should come with a standard 10 year warranty on the structure...So youir covered there??? You have to have insurance, so your covered there?? A question to ask yourself is ..did you take an agent with you when you bought your last car??? The real estate business is hard work...but I like to work for my pay...When I've helped a client find their dream home and help them negotiate a good price then I sleep good at night knowing that I've helped someone....BUT, to claim that you need a real estate agent when you've already decided on a home, builder and location is rediculous to say the least...a real estate agent AT THIS POINT can do nothing for you other than possibly ruin your chances of geting a lower price on your home....and yes I do expect this response not to go over to well either...But it's true...When determining an incentive on an inventory home or an offer the first question asked by the builder is "Is there a realtor on the deal"...because if not ...there is more room to negotiate alower price...Sorry...BUT true - Sun Jul 13 2008, 11:21
Jeremy,
An inventory home has & was built for someone...and for whatever reason they did not & are not closing. There should be an "incentive" to buy an already built home from a builder and also inquire about a "community incentive".... And finally, unfortunately, the truth is that if you DO NOT have a realtor you are more likely to get greater incentives due to the fact that the builder is not having to pay for their services... - Sun Jul 13 2008, 10:01

Bridgewood Subdivision

Noel G. Herrera answered:
Great neighborhood, Tanya!! I have lots of information on one of our communities; The Meadows at Bridgewood"....We have homes from the $100's ...ranging from 1,853 sq ft to 2,955 Sq ft.....It is in the Northside Independent Schhol district, The grade school there is Ward Elementary (210) 397-6800/ middle school is Zacary Middle School (210) 397-7400 and the High School is Taft (210) 397-6000...The nearest police office is (210) 647-3411.....Please call me for more community information , floor plans, inventory homes, or with any other questions...210-430-2055...There are a few different commutes to downtown...I look forward to hearing from you... - Fri May 23 2008, 11:14
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