Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

All Locations : Nationwide Real Estate Advice

  • All701K
  • Local Info59K
  • Home Buying257K
  • Home Selling42K
  • Market Conditions26K

Activity 486,253
A few minutes ago
Karen Peyton answered:
I think what you need now is an attorney who can answer the questions you've posted here and the additional questions you will have once the answers are given.

Best of luck!
0 votes 1 answer Share Flag
A few minutes ago
Judy Kilgore answered:
need to find arent to own or just rent in harrisonville mo or peculair mo or pleasanthill mo.
0 votes 52 answers Share Flag
A few minutes ago
Karen Peyton answered:
Your question is best answered by a lender depending upon the loan that will most likely suit your needs in the future. The rules and requirements are different, so call someone for a quick answer. ... more
0 votes 1 answer Share Flag
A few minutes ago
Karen Peyton answered:
Let your agent know of your discovery and they'll get to the bottom of the problem. If you are trying to sell by yourself, contact the closing agent for your transaction.

Good luck! ... more
0 votes 1 answer Share Flag
A few minutes ago
homecoin answered:
You can list your home on the MLS for an upfront fee (e.g. $100) by finding a local flat fee broker. Search google for FLAT FEE MLS + YOUR CITY to find local brokers who provide this service.

When you list on the MLS using a flat fee broker, you can offer whatever commission you want to buyer agents via the MLS. A couple of notes on this:

1. Most MLSs will require that you offer a minimum commission to buyer agents of $1.

2. 88% of buyers have an agent (according to the Association of Realtors), and those buyer agents will typically NOT show a home that is offering a very low commission on the MLS. Ask the local flat fee broker what the typical commission offer is for homes selling at a similar price.


In general, the big things you want to look for in a flat fee MLS listing are:

1. The listing MUST be on the local MLS.
There are dozens of MLSs in California alone. Sellers want to be on the MLS that covers the area where their home is located, so they can offer a commission to LOCAL buyer agents.

2. Cost to list + changes to listing.
Can range from $100-$400 for the exact same listing on the MLS. Watch out for fine print that requires an additional fee at closing. Make sure you are able to make changes to the listing after it has been posted for a nominal fee.

3. Photos on MLS.
Make sure you can upload at least a half dozen photos. Some services offer a great price, but it is only for 1 photo - which is not useful for most properties.

4. Length of Listing.
Get at least a six month listing and be sure that there is no charge for cancellation.

5. Fine print.
You should never be required to use any closing service (e.g. escrow) provided by the flat fee service agent. This is a violation of federal law.

Ultimately, we have found that the three most important things when listing a home are 1) price, 2) pro photos, and 3) offering a fair buyer agent commission on the MLS (typically 2.5%).

Let us know if you have any questions!
... more
0 votes 83 answers Share Flag
A few minutes ago
Jeannemkoetje asked:
A few minutes ago
Kryvoy_oleg answered:
I want let my house to foreclosure and then my relitieve willl buy it back for me.
Can I tell this to back right the way? that I alredy have a new buyer ready .
Why am I doing all that I need remove other people from deed ... more
0 votes 13 answers Share Flag
A few minutes ago
vitullijoe99 asked:
A few minutes ago
Karen Peyton answered:
Hi Kathleen,

It's unreasonable to believe your agent will be intimately familiar with every home she shows you. If she knew the about the toxic chemicals, there's no reason to think she wouldn't tell you - so you could scratch this house off your list. The shortest time and distance between two places is warp speed moving in a straight line. None of us wants to get bogged down with cancer causing environmental issues.

And...that's why you have an Inspection/Due Diligence Period in the purchase contract, and the reason the Seller is lawfully obligated to disclose material defects.

If you agent hid the disclosures, you'd have reason to report. Since she didn't, you don't.

Much better luck next time. And unless you fall into a sink hole - it's all up from here ;)
... more
0 votes 1 answer Share Flag
A few minutes ago
Eugene.wade asked:
A few minutes ago
Karen Peyton answered:
Once the auction is completed it will be up to the "then" owner of the property to pursue eviction - according to Arizona law assuming the zip code provided is correct and you are in Yuma. You will receive notices from the new owner (demand for possession) and your refusal to leave the premises (if you refuse) will cause court complaint and notice of eviction. Worse coming to worse will be the constable or sheriff at your door. On the other hand, the new owner could want you to stay a while and may offer a lease or month-to-month tenancy. With so many variables there is no specific timeline, but please don't let things get out of hand and become ugly. And of course as will all legal matters, don't hesitate to contact an attorney for advice.

Also, since I don't know if your question is one of a far-gone conclusion or a consideration for making another decision...why haven't your pursued a short sale?? Contact your mortgage company and a local agent to explore this possibility.

Wishing you "all the best" during this stressful time.

K.
... more
0 votes 1 answer Share Flag
A few minutes ago
Susie Kay answered:
I do not know the answer to your question as every state is different. Here in Texas sellers do not have the capability to terminate the contract, only buyers do. Sellers can decline to do any repairs and then buyers walk away. If there are major problems, then it's best for sellers to do the repairs or the next buyers will likely walk away again. How bad does your buyer want the home? Does your contract allow sellers to terminate? You should be able to get in touch with your broker even on a Sunday. After all, real estate happens mostly on weekends. If your broker doesn't care then it's time to move to a different brokerage. ... more
0 votes 1 answer Share Flag
A few hours ago
Sabot777 answered:
Well, I have been involved with ocwen, as the seller, for a short sale for a couple of months and finally, they have countered the buyers' cash offer and have been given a counter to their counter. Now we are waiting for their answer. If they opt to do the auction it will be interesting to see what happens. The bottom line on all of these issues is that complaints can be lodged with any agency the government establishes but frankly, the industry runs the regulators so it is pointless. Banks are wolves in sheeps clothing, predators. Banks are little more than Legalized theives that have high jacked the regulations to ensure they come on top. Laws very rarely protect the little guy only the banks interests. Think about it, they use capital to make loans that they make interest on, why charge interest? The business model will tell you to recoupe opertunity cost, however, they charge a rate based on risk, remember you have to qualify for the loan to begin with. Now think about this for a minute, when you make an investment on Wall Street and money is lost you have little to no recourse for recoupment of your investment. Where is the protection of your opertunity cost? But somehow we have been douped with laws and regulations that do little to protect anyone but the banks. We have the finest politicians money can buy, folks, and if you don't have money, you very likely will find yourself on the loosing end of any endeavor with a bank. ... more
0 votes 16 answers Share Flag
A few hours ago
Susie Kay answered:
A few hours ago
Jamie Johnson asked:
I keep sending a request to tour the property at Moreland Court and the agent Linda K keeps sending me a reply to contact the owner but no phone numbers are listed to contact anyone!! How…
0 votes 0 Answers Share Flag
A few hours ago
Colyar.s.rajah answered:
1 2 3 4 5 6 7 ...
Search Advice
Search