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All Locations : Nationwide Real Estate Advice

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Activity 495,330
A few hours ago
Kingairdriver99 answered:
There are programs available where the bank will invest a significant portion of the purchase price in exchange for an equal split of the equity. I hear these programs are getting more and more popular for obvious reasons. Take a 900k home, if someone, like a bank, agrees to put up $450,000 and you put up the same and split the equity when you sell, then you can see how it may be possible to live in that almost 1 million dollar home. The only downside I hear of is they require you to pay the property taxes and insurance. Sure you don't get full equity gain, but you do get 1/2 of it and in this price range, that is probably still significant. ... more
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A few hours ago
Missm822 answered:
Family of 5 looking for rental for a year
0 votes 38 answers Share Flag
A few hours ago
Rose Thigpen asked:
how dose that work
0 votes 0 Answers Share Flag
A few hours ago
Rose Thigpen asked:
how dose work
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A few hours ago
Tonydunn619 asked:
A few hours ago
R.sany asked:
A few hours ago
Cam1000 asked:
A few hours ago
Frozenbisea answered:
The answer is who benefits from the title insurance, the Buyer. So why should the seller pay for something that benefits the Buyer and the Lender.
If the seller pays ,that redistabution of wealth. ... more
0 votes 15 answers Share Flag
A few hours ago
Kathy Burgreen answered:
This is one of the disadvantages of selling by owner. You need to know that real estate agents pay monthly advertising fees to websites like Zillow, Trulia, etc. In return, these websites allow agents to have ad space with their contact information so buyers can call them. There is a default checkmark next to the agents and buyers need to uncheck it and put a checkmark next to owner. Very few buyers do this and realtors know it.

Once the buyer calls the agent, that agent is quick to tell YOUR buyer that your home is not for sale, is sold or some other lame excuse. Realtors don't bother to check or verify the status of your home. Instead it's much easier for that agent to tell YOUR buyer the following: "I'm sorry but that home is not listed for sale, however, I do have other homes to show you. Can I schedule an appointment to meet with you and show you the homes I have available?"

Did you notice the agent doesn't mention that all they check is the MLS system - not Zillow or Trulia. The MLS system GUARANTEES that the agent will be paid a commission because there is a contract in place. As a For Sale By Owner, the agent would have to negotiate with you to receive a commission. Most agents would rather lie to the buyer (as above) instead of negotiating a commission with you.

You can test the above yourself. Pretend you're a buyer (from outside the neighborhood) and ask the agent about your house. See what they tell you. You do have an alternative. You need to research "Flat Fee broker" (Google it) and this is an alternative to For Sale By Owner. You save yourself about 3% in the commission fee.
... more
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Yesterday at 8:06pm
Grissettlinda answered:
by using trulia as your experts
0 votes 74 answers Share Flag
Yesterday at 7:56pm
Hobart67 asked:
concerned Foreclosure ยท Auctions
$206,565 Starting Bid Price
Refinance Your Home
33 Cedar Ave
Merchantville, NJ 08109
Single-Family Home
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Yesterday at 7:47pm
Nguyenpham asked:
I have couple questions regarding pre-qualified process. My mother only has her part time job for a year but I ve been sending her money every month for the last couple years. Her current…
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Yesterday at 7:44pm
Sandraqsellhomes asked:
Yesterday at 7:26pm
Plastiman answered:
Please give me a call - my place is a very beautiful, SAFE, place. However, i am a VERY YOUNG, 75 years old, but have raised 5 children who have left home and all University educated. I believe he would LOVE this place, if he is a studious student - but most college students, i probably would not be interested in - so call and we can talk. My place also have a full kitchen and dining room, swimming pool and jacuzz - and you could AMOST walk to HPU. Rogers Liddle ... more
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