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All Locations : Nationwide Real Estate Advice

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A moment ago
Kathy Burgreen answered:
First - Tax Assessment has NOTHING to do with home values and you can never compare them.

Tax Assessment is the value that your local county / city / town places on all homes within their jurisdiction to assess how much each owner is required to pay for property taxes. Property taxes is used to pay for public schools, police, fire department, public parks, city / county employees, sanitation, maintenance costs, public projects, health care benefits for employees, retirement benefits for employees, etc.

Market Value is the value that buyers will pay for your home. Value is based on similar type homes to yours that have recently been sold (within the past 3 - 6 months), homes that are currently under contract and homes that are currently for sale. Market value is dependent on the local economy, employment situation, neighborhood information (crime, shops, restaurants, cleanliness, wealth, etc.), quality of local public schools, access to public transportation, convenience of local highways, distance to nearby cities, commute to jobs, etc.

With new construction, the tax assessment will always be 0 until the city / county comes to assess the property - after it's built. Builders need to sell the new home quickly so the new tax bill is paid by you - not the builder.
The other issue that concerns you is builders charge a higher premium price for new built homes (new construction) because they can easily get away with it. Builders know that buyers like you LOVE brand new construction homes so if you had refused to pay that "premium" price the builders were selling it for, it would take them anywhere from 5 minutes - 1 day for the builders to get a new buyer to pay their premium high price. Builders don't give a rat's ass how you feel about paying their higher premium price. If you disagree with it, they can easily tell you - "Sorry, but I refuse to negotiate. Good luck to you finding a new home. I'll just wait until a new buyer comes along in 10 minutes." This is how builders get you.

What you need to know is it will take you about 4 - 5 years for you to gain any equity on your "new" home. Once you move in, your home is NOT considered "new" anymore. If you sell within the next 3 - 5 years, you will lose money because your home will be compared to older homes instead of the new construction homes. This is why you need to live in your home for at least 5 years otherwise you will need to bring cash to close on your home. By the way, builders, realtors and lenders know this but it's a secret they never tell buyers. Otherwise, nobody would ever buy new construction homes.
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A moment ago
13burkecrop answered:
I live in a small community which has about 15 manufactured homes. All of us pay rent to the land owner, which does not include any services. I have been trying to sell my home since June and I have had a lot of people that want to rent it and another that wanted a lease to own. However, I was told that this is against the law in Oregon--please explain ... more
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A moment ago
Ibagdmn asked:
Unit ned near north hollywood or Burbank or else where but within 1 hour drive on local streets.
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A few minutes ago
Jr asked:
if I select land, or condo, or single family I still get all listings
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A few minutes ago
Patrick asked:
A few minutes ago
Kathy Burgreen answered:
As a retired realtor, the ONLY thing to get realtors to bring buyers to your FSBO is to PAY THEM MONEY!! Realtors will be thrilled to bring buyers provided you offer at least 3% commission fee. Realtors don't work for free. They are only interested in closing a sale that guarantees them a commission check.

When selling by owner, I know that realtors pay monthly advertising fees to real estate websites like Zillow, Trulia, etc. and in return these websites give permission to realtors to have their faces and contact information on ALL For Sale By Owner listings as well as brokerage listings. Briefly, the realtors who appear on your listing PAID for your listing. You posted it for free. I know since I was one of those "Premier Agents" who paid monthly fees to Zillow.

You need to know that when buyers fill out and submit the "Contact Form" on your listing, the buyers information is sent to one of those agents who advertise on your listing. Zillow and Trulia have a default check mark next to one of the agents and it's up to the buyer to uncheck that mark and put a check mark next to "Owner". Realtors know that very few buyers will fix the check mark so they rely on buyers leads coming directly to them. Unfortunately, this means you don't get those leads even though it's your listing.

You also need to know that when realtors talk to your buyers about your listing, since your home is NOT listed in your local MLS system, realtors can tell your buyers that your home is NOT for sale. Realtors check their MLS system - very few ever check Zillow or Trulia for listings. So if a home is not listed in the MLS - it's not for sale. Realtors will be happy to tell your buyers that they have homes for sale in your neighborhood but these homes are listed in the MLS and these are the homes realtors will show buyers.

What can you do? You can Google for "flat fee broker" in your area and research about paying a flat fee to have your home listed in the MLS. You will be required to pay a buyers broker a commission BUT the benefit to you is realtors will see your home IS FOR SALE and they will show your home to buyers. You save about 3% in commission fees by not listing with a full service brokerage.
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A few minutes ago
Tiana Washington asked:
A few hours ago
Susie Kay answered:
Many rent to own is to the advantage of the seller. I would suggest that you purchase your own home. If you need to improve you credit first, I have lenders who can help. Let me know if you are interested. ... more
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A few hours ago
Floridian asked:
Is there any agent who dealt with 212 Palmetto Ct, Jupiter, FL 33458? This property has been on market for a while, and I am interested in it as a buyer. Please let me know if you have dealt…
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A few hours ago
Melany answered:
(question continued)... hadn't gotten back to me, and she said "i still havent gotten a response from the landlord." the next day Sept 25 (yesterday) i viewed an apartment willing to accept dogs (since i thought someone would take them for me, but changed theyre mind, so now im left to care for these 2 dogs). I agreed to take the place and immediately contacted the previous realtor to ask for my security deposit. she ignored my call, and instead, texted me back hours later at 11 pm stating the landlord for the basement apartment would not allow for dogs. i told her i apologize, but at this time i need a place that would take dogs because i didnt think i would be keeping them in my move, and found a place willing to take them, and thats willing to let me move in a couple days earlier, which she and the landlord had mentioned i would be able to do in their place, but were changing their mind since the previous tenants refused to leave until Sept 30. She said the landlord is not willing to give me the security deposit because she held the apartment for us and didn't show it to anyone else. I argued that the security was meant to hold the apartment for me from other viewings, but you still have tenants living there, i have yet to move in, it's not even Oct 1st yet, i did not sign a lease agreement, or any agreement that stated you can keep my deposit if i change my mind. I told her to just show the apartment to someone else for these remaining days and get someone else, and to give me my money back. then she ignored my texts. and is not answering today.

So again my question is, is the landlord allowed to keep my security deposit, if i went through her broker, and did not sign anything, and now have decided to find a place to accommodate my circumstance? or do i in the landlords words "owe her" this security deposit for Oct's rent since she "may" not be able to find someone to rent it to in time for Oct 1 and may lose out on the rent. I believe that she still has time to show it, they even said they could rent the place fast because its a nice place for a good price, and i have no responsibility to pay you rent in a place that i did not sign any agreement would be mine, i did not move in, and the previous tenants are still there, who knows if they wouldve left out by Oct 1.
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A few hours ago
Leighalsup asked:
There are several incorrect items on truly about my home. It is not for sale, currently, but i wanted to correct the home profile.
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A few hours ago
Hoop6r asked:
I cannot figure out how to unsubscribe. I have clicked on the link to receive no further email notifications from Trulia, but it doesn't appear to be working as I received over a dozen…
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