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All Locations : Nationwide Real Estate Advice

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A moment ago
Genie Skellenger asked:
A few minutes ago
Vickiemcintyre asked:
A few minutes ago
jmarescojr answered:
Worst city to live......Medical Care is horrible....its the hurry up and wait they can live the life style.....To many tourist ....snow birds from all over who buy homes and half the year claim Fl as there resident to cheat on their taxes. Back up roads......No drainage for raining season.....No Parking for vehicles in residential neighborhoods except in a driveway which you will be blocked in by contractors....Note this is the Fraud State beware of contractors......I should say please come to cape coral to sell my house so I can get out but that would be leaving someone in the same place.....Oh yea only see police writing tickets and 5 or more to handle traffic accident......lots of crime...break ins of homes and vehicles....goat heads found in waterways......Note Stay away ... more
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A few minutes ago
Thomas Martin answered:
FHA loan approvals with 10% down if your under a 580 fico score. Your best bet would be to pay down some credit cards to get at least a 580 fico for 3.5% down! ... more
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A few minutes ago
Kathy Burgreen answered:
As a former realtor, you need to know some hidden secrets of the real estate industry. I saw the listing on Zillow and I see what you're talking about. Under the Price / Tax History tab, it states on 5/11/2017, the home was listed for sale and on the same day, it was listed as "Pending".
So from my experience in real estate, the following happened: The agent works for Re/Max and agents working at the large brokerages (Coldwell Banker, Re/Max, Keller Williams, etc.) are pressured to keep sales "in house". This means the brokerage wants a home listed and sold by agents who are working for the same brokerage. It gives the brokerage more marketing and advertising power and makes their brand name stronger. I worked at Coldwell Banker and I was subject to the same pressures. The small brokerages don't have the leverage to do this. However, the smaller brokerages can offer things to sellers that the large brand name brokerages can't.

Another reason why this home was listed and Pending on 5/11 is at the large brokerages, when an agent is working with a seller to list a home, that agent will ask all the other agents in their office and other Re/Max offices if they have a buyer to purchase this home. If there is a qualified buyer, the listing agent will tell the seller to delay listing the home in the MLS system until May 11 so the buyer can see the home BEFORE anybody else can. Then if the buyer likes it and wants to buy it, then the listing agent will list the home in the MLS and on the same day, enter the "Pending" status so this way, the home is sold "in house" and it is not for sale to anybody else.

I know it's difficult to read this and you're upset. I don't have any words of wisdom. Unfortunately I do remember my Office Manager repeatedly telling us to have our buyers take an interest in homes that are listed thru our brokerage. As agents, we can show them houses that are listed by others but there is some pressure to make sure homes listed thru our brokerage are sold quickly. My opinion - it's all about statistics, profits and making these large brokerages stand out.
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A few hours ago
Kathy Burgreen answered:
Why? As a former realtor, the buyers agent is paid by the seller. When a home sells, the commission fee is deducted from the profits of the sale. The seller gets the balance after all expenses are paid out. Therefore, a buyers agent is FREE. There is no charge to use a realtor to buy a home.

There are exceptions to the above: If you buy a home that is For Sale By Owner, it is up to the owner if they want to pay your realtor. They are already saving money by not listing their home with their own realtor BUT the seller SHOULD pay your agent. Your realtor will do everything possible to have the seller pay your realtor's commission fee. If the seller refuses (which they can), then it will be your responsibility to pay your agent's commission fee. Negotiate. You do not have to accept the percentage that your realtor wants. You can negotiate a lower percentage.

Another exception is new build / new construction homes. In order for your realtor to get paid, builders have a rule that your agent needs to accompany you on your very 1st visit. If you sign in on your 1st visit, then decide later on that you want your own agent, sorry but the builder will refuse to pay your agent because you signed in on the 1st visit without your agent present. In this case, you will need to pay your realtor's commission fee. You can negotiate and lower the fee.

Aside from the above 2 exceptions, you should not be paying anything to a realtor to buy a home.
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A few hours ago
Kathy Burgreen answered:
As a former realtor, you are going about this the wrong way. A few facts you need to know:

1. Furnished rentals are always more expensive than empty rentals because you are paying rent for the furniture + rent for the apartment / unit. So you are paying double rent.
2. While you are living in the vacation rental, you need to spend time exploring neighborhoods and other necessities to choose or eliminate neighborhoods that you want to live in? You have already wasted 3 months. You need to do as much research now thru Sept. to eliminate places you don't want to live in.
3. You can rent an empty rental for 1 year if you need to spend more time exploring the area.
4. To do your research quickly and accurately, follow these steps: visit the local police departments and ask officers about safety, crime statistics in different neighborhoods. Even ask about sex offenders and the different levels. Not all sex offenders are criminal. You need to beware that a case involving a 20 yr. old college student having sex with a 17 yr. old can turn into a rape case if the 17 yr. old lied about her age or if the parents pressed charges. It can also be if a 16 yr. old lied about her age and had sex with an 18 yr. old boy and the girl's parents pressed charges.
In addition to the police, visit local public schools and talk to parents, school officials about their neighborhood, schools, etc. How do they feel about the quality of local schools?
Go to the U.S. Census Bureau's website - and type in the city or zip code for different areas. Read the data the census bureau has.
Visit neighborhoods at different times of the day and week. What do you observe?
Visit local grocery stores, diners, etc. Start talking to residents. What do they think of their neighborhoods? Explain that you're thinking of moving here.
Go to the local city or town halls. Ask local officials about the neighborhoods.
Attend Open Houses. Start looking at homes that interest you.
If you will need financing, start contacting lenders to get pre approved.

All of the above can be done within a month. You have until Sept. Start today.
... more
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A few hours ago
Dannydavidson174 asked:
A few hours ago
Kathy Burgreen answered:
Trulia and Zillow do NOT update any listings. All listings are posted and updated by realtors, owners, landlords and property managers. Unless your realtor posted the listing, he/she cannot do anything to it. You need to go to the very bottom of the listing page where it says "Listing Provided by ___ " and contact that person. ... more
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A few hours ago
Hfitchjr asked:
A few hours ago
Larry Managkotay answered:
I would recommend you using River View custom home builder, they're offering to build luxury new home or large scale renovation at affordable price rates than the other that I've googled, if you have questions or your interested, visit their site here: I hope it helps ... more
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A few hours ago
Albnorjaz_0604 answered:
new landlord buys a 2 fl apartment with an existing lease , once that lease expired, can the new landlord increase the lease by over 36%?
0 votes 26 answers Share Flag
A few hours ago
M_deleon asked:
We have filled out applications for loan modifications several times. We still need to pay HOA fees on top our our primary residence. What to do?
0 votes 0 Answers Share Flag
Yesterday at 10:25pm
Rogue513 asked:
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Yesterday at 10:24pm
Douglas answered:
It is absolutely worth it especially if you are looking to sell your house fast in its as is condition without having to wait for someone to have to qualify for a loan. We do it all the time at Finally Sold ... more
0 votes 94 answers Share Flag
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