30559 : Questions & Answers

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Rachel Brant, Real Estate Pro in Cedar Rapids, IA
Rachel Brant answered:
after making an offer on a foreclosed home my agent received a e-mail from the listing agent that multiple offers with no numbers is that normal ?
That is normal because the listing agent is not able to disclose the amount. This is a comfort level. I have had clients before say that they have fallen in love with a home so they wro ... more
0 votes Share Flag Tue Oct 11, 2011 Home Buying in Mineral Bluff
The Birschba…, Real Estate Pro in Madison, WI
The Birschbach Team answered:
Do realtors set the price on a foreclosure property or does the bank. Saw a property that dropped 40K in four weeks.
Hi James,

If the property is in the process of foreclosure proceedings the seller maintains control over what he or she sets as the price.....if a potential Offer comes in lower than ... more
0 votes Share Flag Thu Oct 21, 2010 Home Buying in Mineral Bluff
Annette Levi…, Real Estate Pro in New York, NY
Annette Levinson answered:
Is it normal procedure for a seller to ask for a approval letter (not pre-qualify) from a buyer prior to obtaining a signed contract.?
It is called a preapproval since an approval requires that the house is known. The preapproval lets the seller know that you can get a mortgage before he takes the house off the mortgag ... more
0 votes Share Flag Mon Oct 18, 2010 Home Buying in Mineral Bluff
Marta Mohan -…, Real Estate Pro in Sugar Land, TX
Marta Mohan - Local Expert answered:
Can I create two listings, one under single home sales, other as income/investment because it is a viable rental business to date ?
That option is not available in our MLS system, however every system is different in each Realtor Association. You may want to email a local Realtor to check on the specifics of your Mu ... more
0 votes Share Flag Fri Sep 3, 2010 Home Selling in Mineral Bluff
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
Can I create two listings at same time one under single home sales other under income/investment because it is a viable rental business to date ?
If you mean on the MLS, that's up to the rules on your local MLS. But the answer's probably "no." You can do a "sale" and a "rental"--and have tw ... more
0 votes Share Flag Fri Sep 3, 2010 Home Selling in Mineral Bluff
Gary Kaupman, Real Estate Pro in Ellijay, GA
Gary Kaupman answered:
Single family home already listed Can I also list under income/investment category Has been a minimun two night rental for four years 2009 income 23k
Kenny,

I'm new to Trulia and almost 99% a Buyer's Agent but I don't think any listing service allows one to select two categories. But I happen to have two clients who ... more
0 votes Share Flag Wed Oct 13, 2010 Home Selling in Mineral Bluff
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