good afternoon lorraine....it depends on the bank....if their policy is 3% and that's it...i wonder why a counter adding the additional 3% to total 6% won't fly...that's usually the way we work it here....then it's just a matter of will it appraise?...i suggest that the full 6% concession request be stipulated in the pre-approval letter from your buyer's lender.. then the decision maker knows, going in, what to expect...good luck....bob mcclure- first preferred mortgage- southfield, michigan...... more
I do not have any experience working with them. I can tell you though that when I started I wanted a company at the forefront of training. I found that at Keller Williams. The training is superb and although they do have split and fees, I feel they have been well worth it. Let me know if you are interested in hearing more. Call me at (813) 679-5307. I am at the KW Office located in Channelside. Good luck in your career and welcome to the industry.
Janeth Rector... more
First Community Bank has 10 foreclosed lots in a gated subdivision in Safety Harbor.The lots are platted and are ready for immediate construction. Call FCB at 813.287-0500 and ask for Jill Clements, she will be more than happy to assist you, Rick
Rick Scherer, ALHS, CLHMS, P.A
Smith & Associates Real Estate
Tampa, FL 33629
Have you checked out the house down the street? could be numerous reasons as to why the house down the street sold for more money. There could of been amenities, well maintained so the buyer(s) were willing to offer more, etc... upgrades. Hard to pin point exact reason why the house down the street sold for more but you should maybe research, since there can be so many variables.
Wow - I can see agents jumping at the bit to answer this question! ha!
Forgive me for not having a direct answer, but I do have a suggestion:
While I've never charged a buyer or seller a fee for processing a short sale (nor have I heard the question posed before amongst my peers) - I do know that it's legal to have an attorney process and negotiate the short sale and charge a fee. I have a few listings right now where I have an attorney that is handling the whole process. It's a nice listing pitch - "Yes, I have an attorney that will work on our behalf to negotiate your short sale" - I've quickly realized that I like CONTROL and if I want to talk to the bank, I don't like having to go through the attorney - who may be busy at the time.
So that's kind of a babbling-idea-blurb about what you could do if you didn't want to negotiate the deals yourself.
I'm curious to see if anyone else has an answer to this.... more
Typically, most investors (myself included) base the rate on the buyer's credit rating. Assuming the buyer has good/great credit, then the rate is often 1% greater than the financing already in place.... more
I would look at most recent sale but a little further away. I just had a conversation with a seller today and I used homes that were just over a mile away because there just weren't any current enough sales in his immediate neighborhood to justify the current sales price.... more
Hi Lisa! I was just reading about the international market in this month's Florida Realtor Magazine. A couple of the websites they mentioned: WorldProperties.com, Fiabei.com, Ired.com, and GlobalRealEstate.org. Let us know what other sites you find!... more
I am not familiar with that requirement. Money is money! An international wire of funds are as good as a domesic one. The only requirement that I am aware of is when a nonresident sells a property and may be subject to withholding tax.... more