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- 6 Answers
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- 2 Useful Answers
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About Me
Hi, I'm Dan Gregor with Prudential Real estate. Today, interest rates are back around 6% and there is decent market activity... now may be right time to get your property on the market.To assist you in getting started we would be happy to provide you a free, no obligation analysis of your property's market value. Along with this 20+ page pricing analysis we'll provide you with a detailed estimated "Net To Seller" sheet with complete information on all selling expenses and a bottom line dollar amount you can expect to net from a typical sale. Should you decide to go forward we'd appreciate the opportunity to assist you. Over the years we've found many homeowners are looking for the same basic things when they select an agent. Many of these may be on your list, too.
1 - Experience - Broker/Owner of the company with 32 years of full-time Central Ohio real estate sales experience with well over 100 transactions each year for the last several years.
2 - Integrity - Means doing what you say you are going to do and having the strength to tell a client what they need to hear, not what they want to hear.
3 - Intelligence - Knowledge and experience are valuable but the intelligence to use the information we have to resolve problems has had a major impact on our team's success.
4 - Hard Worker - I'm willing to earn your business and keep you up-to-date on your transactions progress. If I don't you can fire me!
5 - Good Communicator - Clear, consise and timely contacts keep our transactions on track. It avoids confusion, delays and provides information to our clients to make well informed decisions.
6 - Good Listener - Like a good doctor I can't prescribe a plan/remedy until I know what your problem is. I'll listen to diagnose... before I prescribe!
7 - Tough Negotiator - Your goals and needs are the parameters we work within. We'll bring your transaction to settlement and search for creative solutions to difficult situations, always with your best interests served!
8 - Personality - You'll find us always with a smile, confident attitude and upbeat demanor. We've found that a touch of humor can often release the tension in a tough negotiation and turn a difficult situation into a pleasent even enjoyable one.
9 - Internet Savvy - Although the internet has been around for a few years now it's still in it's infancy when it comes to real estate uses. We're constantly trying new and innovative ways to introduce your property to internet buyers.
10 - Clutch Performer - Like most real estate buyers and sellers you'd like to avoid difficult and problem situations altogether. But, should a situation arise be assured you can rely on us to keep your transaction under control and... on schedule!
So, if you're serious about making a move in the near future I'd appreciate the opportunity to meet with you to discuss your needs and goals before we proceed. In the 30+ years I've been in the real estate business I've learned to ask questions and listen carefully to make sure my services can meet your needs.
Selecting The Gregor Team also means you have specialists assisting you through every step of your transaction. Call Dan Gregor Direct at 614-548-0531 or 800-362-4918 to schedule an appointment time.
1 - Experience - Broker/Owner of the company with 32 years of full-time Central Ohio real estate sales experience with well over 100 transactions each year for the last several years.
2 - Integrity - Means doing what you say you are going to do and having the strength to tell a client what they need to hear, not what they want to hear.
3 - Intelligence - Knowledge and experience are valuable but the intelligence to use the information we have to resolve problems has had a major impact on our team's success.
4 - Hard Worker - I'm willing to earn your business and keep you up-to-date on your transactions progress. If I don't you can fire me!
5 - Good Communicator - Clear, consise and timely contacts keep our transactions on track. It avoids confusion, delays and provides information to our clients to make well informed decisions.
6 - Good Listener - Like a good doctor I can't prescribe a plan/remedy until I know what your problem is. I'll listen to diagnose... before I prescribe!
7 - Tough Negotiator - Your goals and needs are the parameters we work within. We'll bring your transaction to settlement and search for creative solutions to difficult situations, always with your best interests served!
8 - Personality - You'll find us always with a smile, confident attitude and upbeat demanor. We've found that a touch of humor can often release the tension in a tough negotiation and turn a difficult situation into a pleasent even enjoyable one.
9 - Internet Savvy - Although the internet has been around for a few years now it's still in it's infancy when it comes to real estate uses. We're constantly trying new and innovative ways to introduce your property to internet buyers.
10 - Clutch Performer - Like most real estate buyers and sellers you'd like to avoid difficult and problem situations altogether. But, should a situation arise be assured you can rely on us to keep your transaction under control and... on schedule!
So, if you're serious about making a move in the near future I'd appreciate the opportunity to meet with you to discuss your needs and goals before we proceed. In the 30+ years I've been in the real estate business I've learned to ask questions and listen carefully to make sure my services can meet your needs.
Selecting The Gregor Team also means you have specialists assisting you through every step of your transaction. Call Dan Gregor Direct at 614-548-0531 or 800-362-4918 to schedule an appointment time.
Testimonials
"Bob & Darlene Kirkland, Pickerington
To Dan, Donna, Sue R., Sue J., Linda and the rest of the gang, We're going to miss you guys! We hope
you know how much all your effort is appreciated.
Melonie & Russ Begley, Pickerington
Another thank you for the personalized service and the wonderful moving booklets for the kids!
(They Love Them.)
The Debolts, Gary, Angie, Nick & Alyssa, Reynoldsburg
We just wanted to say thank you for the great job you did in selling our house. Everyone was always
friendly and you made us feel like we were your only client! Thanks for the great closing! We are
definitely going to be handing out your cards.
Ruth Fraher, Columbus
I want to thank you so very much for the efforts of the entire group to sell my condo. It certainly was
not an easy sale. Believe me, I will surely pass the good word out about you and your group of very
pleasant and helpful people.
Bob & Penni Grover, Pickerington
Dan, You and your staff have been wonderful. And, we thank you for all your hard work. We're very
pleased with our new home. Thanks again.
The Smiths - Mary Lou & John, Columbus
We're so happy with all your services. What a great team you are! You can be sure that Gregor
Team will be recommended every time the opportunity arises. We could not be more pleased with
our association!
Martin & Linda Bauer, Johnstown
Just a little sign of our appreciation - Thanks to everyone for their long term dedication in selling our
home... AND, yes the 'Sold' picture was great!!
Debi & Frank Lopresti, Canal Winchester
We wanted to say thank you for making the purchase of our new home a wonderful experience. It's been a pleasure dealing with the Gregor Team.
We appreciate your professionalism."
djg Wed Apr 23
djg Wed Apr 23
My Q&A
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Dan Gregor's Questions (0)
Dan Gregor's Answers (6)
Dan Gregor answered:
Angela,
I've worked for several builders over the years and production builders track their expenses pretty closely and that includes their soft costs (financing, buyer incentives, Realtor fees, marketing and promotion expenses) . Most builders in are area see 40-70% of their sales coming from real estate agents. Let say your builder's experience shows 50% of his sales coming from agents, and the typical commission they pay the agent is 3% of the sale price. Over all their sales for a year they are going to average 1½% commission per transaction and that's what they figure into their pricing. You're asking for a 3% discount when they only budgeted 1½% and that figure is built into your price whether you use an agent or not. It's almost like they had budgeted $1,000 per house for Columbus Dispatch Advertising and since you came into the model off directional signs you want them to give you that $1,000 as a discount. Also, in our marketplace, because of the volume of Realtor sales most of the builders still pay their in-house sales people the same whether it's a co-op sale with a Realtor or not. The concept for the builders is basically to keep consistent, competitive, and fair pricing across the board. If they started discounting for various different situations they haven't factored into their pricing up front it would effect their profitability and credibility in the marketplace. I hope that helps -- Dan Gregor
I've worked for several builders over the years and production builders track their expenses pretty closely and that includes their soft costs (financing, buyer incentives, Realtor fees, marketing and promotion expenses) . Most builders in are area see 40-70% of their sales coming from real estate agents. Let say your builder's experience shows 50% of his sales coming from agents, and the typical commission they pay the agent is 3% of the sale price. Over all their sales for a year they are going to average 1½% commission per transaction and that's what they figure into their pricing. You're asking for a 3% discount when they only budgeted 1½% and that figure is built into your price whether you use an agent or not. It's almost like they had budgeted $1,000 per house for Columbus Dispatch Advertising and since you came into the model off directional signs you want them to give you that $1,000 as a discount. Also, in our marketplace, because of the volume of Realtor sales most of the builders still pay their in-house sales people the same whether it's a co-op sale with a Realtor or not. The concept for the builders is basically to keep consistent, competitive, and fair pricing across the board. If they started discounting for various different situations they haven't factored into their pricing up front it would effect their profitability and credibility in the marketplace. I hope that helps -- Dan Gregor
Dan Gregor answered:
Just ask one question of the buyer and then a couple of follow ups based on their answer. The Question: "Why do you want to do a lease-purchase rather than just buying it now?" Their likely answers:
1. Well, our credit doesn't look that great and we can't qualify now for a mortgage. -- They probably won't qualify in a year or 2 either. They are not worth the risk.
2. We don't have any money for a down payment. -- If they have good credit and enough to pay 2 months rent in advance consider the lease purchase at a rental amount that allows them to apply a portion of the rent toward down payment. If they fail to close within the agreed time frame that additional rent they paid remains yours.
3. We just moved to the area and want to get familiar with the are before we buy. Here you have a tenant, not a buyer.
4. Our home in another state hasn't sold, but we have to start work here next month. As soon as our home sells we'll complete the purchase of yours. -- This one is asking you to take on the risk of their home selling and the strain on their financial resources that could end up hurting you in the future. You'll want to see a lot of their personal financial info and verify local employment before doing this transaction.
As to your question to how you make sure this lease purchase ends up in an eventual sale... A non-refundable deposit of 10% of the purchase price and the agreed upon purchase price below current market value.
Hope that helps.
Dan
1. Well, our credit doesn't look that great and we can't qualify now for a mortgage. -- They probably won't qualify in a year or 2 either. They are not worth the risk.
2. We don't have any money for a down payment. -- If they have good credit and enough to pay 2 months rent in advance consider the lease purchase at a rental amount that allows them to apply a portion of the rent toward down payment. If they fail to close within the agreed time frame that additional rent they paid remains yours.
3. We just moved to the area and want to get familiar with the are before we buy. Here you have a tenant, not a buyer.
4. Our home in another state hasn't sold, but we have to start work here next month. As soon as our home sells we'll complete the purchase of yours. -- This one is asking you to take on the risk of their home selling and the strain on their financial resources that could end up hurting you in the future. You'll want to see a lot of their personal financial info and verify local employment before doing this transaction.
As to your question to how you make sure this lease purchase ends up in an eventual sale... A non-refundable deposit of 10% of the purchase price and the agreed upon purchase price below current market value.
Hope that helps.
Dan
Dan Gregor answered:
Kelly, You won't find any hard and fast rules here and looking at what the transfer was at
the sheriffs sale doesn’t really give you much more to go on... In fact it's more likely to be
misleading. Do your due diligence. Pull the courthouse information and find out: How
long ago did the (foreclosed on) owner buy the house? What was his mortgage amount?
What type of loan was it? When did the lender gain title to the property? How long has it
been back on the market? Has the property had price reductions? Has the bank had any
offers yet? How is its price compared to recent sales in the neighborhood? Do you feel
that price is reasonable for it's location, condition and the "as is" risk? Are there
conditions in the property... mold, standing water, foundation issues, problems with
mechanical systems that the lender may not be aware of (and doesn't want to deal with)
that would allow you to negotiate a better deal?
The bottom line here is the more risk you are ready to take on the better the price you're
likely to get. . Some lenders will price their Roe’s at deep discounts to solicit multiple
offers and often sell for more than the list price. Other's price just below the market and
will negotiate more. The information you've reviewed and your agent should give you all
the insight you'll need to structure your offer. - Dan
the sheriffs sale doesn’t really give you much more to go on... In fact it's more likely to be
misleading. Do your due diligence. Pull the courthouse information and find out: How
long ago did the (foreclosed on) owner buy the house? What was his mortgage amount?
What type of loan was it? When did the lender gain title to the property? How long has it
been back on the market? Has the property had price reductions? Has the bank had any
offers yet? How is its price compared to recent sales in the neighborhood? Do you feel
that price is reasonable for it's location, condition and the "as is" risk? Are there
conditions in the property... mold, standing water, foundation issues, problems with
mechanical systems that the lender may not be aware of (and doesn't want to deal with)
that would allow you to negotiate a better deal?
The bottom line here is the more risk you are ready to take on the better the price you're
likely to get. . Some lenders will price their Roe’s at deep discounts to solicit multiple
offers and often sell for more than the list price. Other's price just below the market and
will negotiate more. The information you've reviewed and your agent should give you all
the insight you'll need to structure your offer. - Dan
Dan Gregor answered:
Scott,
Bank owned properties, like pre-forclosures and short sales offer great opportunities but also higher risk. To play the "game", as you call it, successfully you need to be in a position of strength to make the most of it. A decent downpayment, pre-approved financing and the ability to close fast can give you the upper hand in negotiating the best deal. Because these properties are often priced below market you may find yourself in multiple offer situations where you are in essence bidding against others for the right to buy the property. Presenting yourself as a ready, willing and able buyer, with the fewest contingincies may often mean more to the owner than the highest price. As for offer response time, it can be all over the board. Typically 1-2 business days, but lenders may put a specific date, that could be a couple weeks out, on a listing and say they will review all offers on that date and respond to the best offer. As for dealing with your agent, that will depend on your agreement/relationship with them. Keep in mind that if you want the agent to be loyal to you by bringing every opportunity and special situation deal to you, they would expect your loyalty in return to compensate them for their efforts.
Bank owned properties, like pre-forclosures and short sales offer great opportunities but also higher risk. To play the "game", as you call it, successfully you need to be in a position of strength to make the most of it. A decent downpayment, pre-approved financing and the ability to close fast can give you the upper hand in negotiating the best deal. Because these properties are often priced below market you may find yourself in multiple offer situations where you are in essence bidding against others for the right to buy the property. Presenting yourself as a ready, willing and able buyer, with the fewest contingincies may often mean more to the owner than the highest price. As for offer response time, it can be all over the board. Typically 1-2 business days, but lenders may put a specific date, that could be a couple weeks out, on a listing and say they will review all offers on that date and respond to the best offer. As for dealing with your agent, that will depend on your agreement/relationship with them. Keep in mind that if you want the agent to be loyal to you by bringing every opportunity and special situation deal to you, they would expect your loyalty in return to compensate them for their efforts.
Dan Gregor answered:
There are several excellant school districts in central Ohio that would serve your family well. I wouldn't however limit my choice of where to live solely based on the school system. What kind of lifestyle are you looking for? In town close to the action, suburban surrounded by office and retail, suburban bedroom community, or maybe something with a slightly rural feel with larger lots and open spaces. All these options are available to your family with fine schools within your commute time. You can find school system rankings in several places by different standards. Try and search online the Columbus Monthly Magazine, the Columbus Dispatch and The State of Ohio Dept of Education. Or visit our site for helpful connections.
My Listings
View all 39 listings
Specialties
• New Home Sales and Builder Represention
• Dedicated Buyer specialists
• Guaranteed Sale/Trade-in Program
• Estate and Distressed Property Sales
• Relocation, REO and Corporate owned properties
• Dedicated Buyer specialists
• Guaranteed Sale/Trade-in Program
• Estate and Distressed Property Sales
• Relocation, REO and Corporate owned properties
Experience
Latest:
Broker/Owner for Prudential American Realty Center
July 2004—present
Certifications & Awards
• ABR - Accredited Buyer Representative
• CRS - Certified Residential Specialist
• GRI - Member Graduate Realtors Institute
• E-Pro - Certified By the National Association of Realtors
• Member Columbus Board of Realtors 1,5,10, & 25 Millon Dollar Clubs
• CRS - Certified Residential Specialist
• GRI - Member Graduate Realtors Institute
• E-Pro - Certified By the National Association of Realtors
• Member Columbus Board of Realtors 1,5,10, & 25 Millon Dollar Clubs
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