Ed Torrez

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  • Real Estate Professional
  • Company:
  • Priced Right To Sell Real Estate
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  • (562) 364-9728
Ed Torrez,  in Whittier
  • 5 Answers
  • 1 Useful Answer
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About Me
I serve the serious investor. I'm one myself: I've built wealth through income property, and understand the goals, pressures and rewards that come with ownership. I've done exactly what I do: I've found, fixed up and profited from rental property investments. I grew up in a family that worked hard and created its own business and real estate success. Whether you want to buy and hold or flip or exchange, I work hard and fast to get top dollar or the best possible price for your property. If your ready to be serious and focused about rental property, lets talk.

Ed Torrez
The Investor's Broker
http://www.edtorrez.com
(562) 577-0496
My Q&A View all >>
Ed Torrez's Questions (0)
Ed Torrez's Answers (5)

How are the Realtor showing the house?

Ed Torrez answered:
Monica,

The question is a little vague, but I will do my best to answer the question. As Licensed Real Estate Agents we have "Showing Instructions" as defined by the Multiple Listing Service.

The 15 Showing Instructions are:
1) Appointment Only
2) Call First
3) Call Listing Agent
4) Call Listing Office
5) Call Occupant
6) Do Not Contact Occupants
7) Drive By Only
8) Gate Pass
9) Go Direct
10) Key Box
11) Key in Listing Office
12) Restricted Access--Call Listing Agent
13) See Remarks
14) Subject To Inspection
15) Vacant

These showing instructions are used by the Listing Party (Seller) as a courtesy and form of maintaining control of your property listing. Any combinations of these instructions are the norm which real estate agents are familiar for showing properties. Depending on your Selling situation that you discussed with your Licensed Agent, who is taking your listing, you will determine the best and most convenient way to show your property to prospective Buyers.

If the question you are asking is, “How are Realtors marketing the house?” This is very lengthy answer and several other contributors have mentioned ways of marketing the house.

Good Luck,

Ed Torrez - Thu Mar 27 2008, 19:12

difference between pre-qualified and pre-approved

Ed Torrez answered:
Carlos,

All these explanations are great. What level are you at in your potential purchase? Are you window shopping or ready to buy? Show the real estate expert you are ready, serious, and committed to make the purchase by getting Pre-Approved with a Lender who has determined the amount of home you can purchase with your current financial situation.

Any agent you work with would love to know your commitment and desire to making your dream come true! Then you can interview the Agent's accordingly to determine who will work the best for you.

Good Luck!

Ed Torrez - Wed Mar 19 2008, 19:28
Ed Torrez answered:
Anthony,

1) Check with a Lawyer. Get sound advice that you know is accurate and correct. Remember Real Estate Agents have Licenses with the State of California to practice Real Estate, not law.

2) California is a Community Property State.

3) LLC financing will be more difficult with lenders because of who will be holding legal vesting/title to the property.

Seek council and get proper legal advice and speak to a few lenders to determine the ease of getting a residential loan without to many hurdles.

Good Luck,

Ed Torrez - Wed Mar 19 2008, 19:01
Ed Torrez answered:
The information that has been provided is correct. Check-out the link to get the cost for the Auction Book. If you've never gone to a Tax Lien Auction, you should attend one first. I think you just missed the Auction, February 11 and 12, 2008 @ 9:00 A.M. Good luck next year. - Mon Feb 18 2008, 20:15

What is considered a lowball offer?

Ed Torrez answered:
Evie,
I'm not from your area but I would suggest making your offer. Don't worry about insulting the Seller. The best that could happen is the Agent representing the Seller can present the offer and they will counter you or the Seller if representing themselves can say no or counter you. Remember the more days a property stays on the market--you should be doing more homework to determine why it hasn't sold. i.e., location, price, and or condition. You should have a good agent working in your corner that you like and trust. Good Luck - Mon Feb 18 2008, 11:50
Specialties
Licensed Real Estate Broker
e-Pro
GRI
Experience
Latest:
Broker for Priced Right To Sell Real Estate
Licensed Real Estate Broker
April 2001—present
Certifications & Awards
Licensed Real Estate Broker
e-Pro
GRI
Interests
Helping people find deals!
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