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All Locations : Nationwide Real Estate Advice

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A few minutes ago
Kathy Burgreen answered:
Because there are no rental apartments in your price range. You need a reality check. Obviously, rentals are much higher than what you can afford, so either you need a 2nd job or you need to adjust your criteria. Look in other neighborhoods that will have cheaper rentals - even if you don't want to live there. Yes, housing is expensive, so perhaps getting a job making more money should be your priority. ... more
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A few minutes ago
Kathy Burgreen answered:
It doesn't work the way you think. Investors will need to sell the home back to you at a higher price than what they paid for it because they want to make a profit from selling it back to you. So are you willing to pay more for your home than what it's worth? You will not be able to buy back this house at a cheap price because the investor will lose money.

As for market rent, expect any investor to charge you a higher rent because they can. If you don't agree, they don't have to buy the house in the first place. You need to know that most investors want to buy a home cheap, renovate it, then sell it quickly. Investors have no interest in buying a home and leasing it back to you. That is a very poor decision. If you can't afford to buy this house, then you need to continue renting until you can save up some money or fix your credit or both. Your idea is not good.
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A few minutes ago
Kathy Burgreen answered:
Unfortunately yes. Briefly, it used to be that the buyer's agent would accept whatever split was agreed to by the seller, so buyers would never have to pay a commission fee. Realtors used to advertise that working with a realtor was free to the buyer.

Welcome to 2017 - I noticed starting last year that realtors no longer advertise that working with buyers is free. It seems that realtors took a big hit during the recession, so now that the economy has improved and housing prices are higher, it's time for realtors to get a raise. The only way to get a raise is to increase the commission percentage or fee.

The way it works now is sellers are refusing to pay high commission fees and are fighting back. Now with technology, sellers find it much easier to sell by owner (no realtors involved), OR sign a contract with a Flat Fee broker that allows them to post their listing in their local MLS system for a small fee, OR split the commission fee with you -the buyer. In your situation, your realtor is telling you that IF any home that you buy has a low commission fee, means the seller wants to split the fee with you. Example: the seller agreed to pay 3% to their realtor + 3% to your realtor. Since your realtor wants 4% (trying to get a raise), you will owe 1%. This is negotiable and you do NOT have to pay it. Be prepared for your realtor to fight back and tell you why he / she deserves a raise. You can fight back too and tell your realtor - I refuse to pay it. Let the fireworks begin. Remember, you have the ability to walk out and find a different realtor. You also have the ability to buy a home that is For Sale By Owner - therefore you don't need a realtor. Tell this to your realtor and see whether he / she will reduce the commission fee.
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A few minutes ago
Kathy Burgreen answered:
Yes - go back to your previous landlord and pay the rent you owe him/ her. You need to learn that once you have an eviction, no landlord will rent to you because they think if you did not pay rent on time to your previous landlord, you won't pay rent on time to your new landlord. So why should anybody give you a rental. They won't. You are not responsible. ... more
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A few hours ago
Kathy Burgreen answered:
As a former realtor, I have worked with builders and buyers like you. The process is you will need to qualify for a pre approval immediately. Your lender will need to pull your credit, verify employment, income, credit score, credit history, types of outstanding debts, debt to income ratio, etc. Builders never start building a home until the buyer is pre approved. Pre approval means the lender has verified everything and will commit to giving you a loan provided nothing changes in your finances. You will need to have a down payment up front - not later in the process. Therefore, you should save as much cash as possible now. You will also need cash to pay for closing costs.
If you are not buying a home until next year, go to www.annualcreditreport.com and review your credit history. Look for any errors and fix it now. Go to FICO and get your FICO credit score. It should be 620 or higher. Preferably 700 or higher. The higher your credit score, the lower the interest rate and lower fees. The lower your credit score = higher interest rates and higher fees. Think of it this way - lenders punish buyers with low credit scores and a high debt to income ratio because it is a bigger risk to the lenders. Lenders reward buyers with high credit scores and low debt to income ratios because they deserve it. Therefore, you want to be rewarded - correct? So work on your credit now.

If you are new to Houston, you need to spend time now BEFORE buying a home and research neighborhoods and anything else that is important to you. Realtors cannot give opinions on neighborhoods, quality of local schools, demographics, etc. because it violates Fair Housing laws. Therefore, you need to do all this research on your own time. Remember, you can always change anything inside the home but you can never change where the home is located. Therefore, make sure you know the neighborhoods very well because if you don't like the neighborhood after you buy a home, it's too late to change your mind. You can sell the home and move elsewhere but it will cost you $$$ (you will lose money selling your new home). Therefore, do your homework before buying anything. BEST ADVICE EVER - if you are not familiar with Houston - RENT FIRST!!! It will be much cheaper to sign a 1 year lease for a cheap apartment, explore the neighborhoods of Houston thoroughly, then buy a home. You will save yourself from a nightmare headache.

As for builders, in addition to their quality, you need to pay CRITICAL attention to the contract you will sign. BEFORE signing any contract, either take it to your lawyer or read every word very carefully. You need to know that builders have contracts written by lawyers to benefit them - not you. These contracts are not the same as the state contracts that realtors use. Therefore, before signing, you need to edit or change any of the wording that you don't want. Expect the builder to fight back but you are paying fir it - not the builder. The most common clause in a builder's contract is "if anything goes wrong with the construction or after you move in, the builder is NOT responsible for it. The buyer will need to pay extra money to fix any damages or repairs." Too many buyers sign the contract with this sentence and realize too late the consequences.
Briefly, builders need to make a profit, so anything that affects their bottom line is in the contract to protect them - not you. Remember, their contracts do not give you any rights. Buyers like you want good customer service, quality of construction, etc. BUT buyers fail to read the contract and what they agreed to.
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A few hours ago
Stellafrancis answered:
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A few hours ago
Kathy Burgreen answered:
The good news is - yes you can buy a studio or 1 bedroom in New York City as a foreigner BUT there are restrictions. So allow me to educate you on what you need to know:

Foreigners can buy real estate anywhere in the U.S. However, you will need to pay at least 30% - 40% of the purchase price in cash. You can get a loan for the balance.

New York City has different types of apartment buildings to buy. One type is cooperative (coop or co-op) and the other type is condominium (condo).
Cooperative (co-op) buildings means that the owners of each unit own shares of stock in a limited housing corporation that gives them the right to occupy their unit indefinitely. Owners can sell their shares of stock or unit on the open market and gain equity for their unit over time. Studios or 1 bedrooms in a co-op building in New York City range from $75,000. - $1,000,000. ($1 million) depending on the neighborhood and condition of the unit / apartment.
Co-op buildings in New York City are only for legal U.S. residents. Foreigners CANNOT live in any co-op building. Buyers need to be approved by the co-op Board after a contract is signed by the seller and buyer but before the closing date. Every co-op Board will verify that the buyer is a U.S. citizen or legal resident. Therefore, the cheap apartments that you see advertised on real estate websites like Zillow, Trulia, etc. are co-op buildings and you cannot buy these apartments because you are a foreigner.

Condominium (condo) apartment buildings means that owners do own their own units (apartments) and get a title or deed for their unit. Owners can sell their units on the open market and gain equity. Studios and 2 bedrooms in a condo building in New York City range from $200,000. - $5 million ($5,000,000). Prices depend on the neighborhood and condition of the apartment. Studios or 1 bedrooms selling for less than $300,000. will be located in the worst neighborhoods and in very bad condition.
Foreigners can buy a condo apartment in New York City. You do not need to be a U.S. legal resident or citizen. However, for a studio or 1 bedroom in good condition in a decent neighborhood will sell for $400 - 500,000. and have fees of $1,000. per month.

Bottom line - as a foreigner to buy a condo apartment at $400,000. means you will need to pay $120,000. (30%) for a down payment. Condo units can be rented out BUT the HOA (homeowners association) has restrictions on how many apartments can be rented out at any one time. There are waiting lists so if you intend to rent out your apartment, you may need to wait several years. Condo buildings need to have a minimum of about 80% owner occupied.

If you intend to do any renovations in your apartment, construction costs are very expensive. I paid $25,000. to have new floors in my apartment (800 sq. ft.) and $25,000. to renovate my bathroom (5 x 7 sq. ft.) - AND I live in a suburb of New York City. Contractor prices are higher within New York City.

Hope this information helps.
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A few hours ago
Essyreviews123 answered:
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A few hours ago
Sharon Stafford asked:
A few hours ago
Moana Ner asked:
Zyflex It is not accessible in drug store stores and in some other store, just by means of authority site. Take after these means underneath and see straightforward strides here: Access…
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Yesterday at 10:45pm
Sade Letts answered:
hello Nicole, how much are you willing to pay as far as rent, what is your budget?
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Yesterday at 10:20pm
Christian O. Ojigwe answered:
I have a room in my home for $600/Month. and my Home is located at 32221 which is less than 20ms drive Via Normandy, 21ms drive via 103rd Str and 21ms drive via I-10 E

My home is a Family home of 4 bedrooms with 2 baths.
1 bath and toilet is attached to the master bedroom.

Features:

1 bath and toilet to be shared.

The Available room for rent fully rugged and has a bed already with 2 pillows and a bed cover.
You will share the large living room which is already furnished and as well share a large equipped kitchen with all utensils intact and in perfect conditions.
You have access to the free use of the laundry equipment (washer and dryer).
You get 100% Free Light, Water and Internet Wifi Connection.
Access to use the fitness equipment.
24/7 Air-condition.
Community Security is 99.99%
Very Quiet Neighborhood
Clean Environment.

My rules are very simple and acceptable by all including you and I.

Zero 0% Tolerance to Smoking in any Conner of the house. You need to smoke outside please.
Facilities must be kept clean always and well maintained.
Privacy must be respected.
No Pets Allowed.
Lawn will be jointly maintained.
Trash are taking out every Thursday Evening to be moved Friday Morning.
Recycles are taking out every 2 weeks on Sundays Evening to be moved Monday Morning.

If you are interested, please feel free to contact me 904 660 7322

Address: 11025 Snowbrook Court, Jacksonville, Florida, 32221.
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Yesterday at 9:08pm
Shellydyer122771 answered:
I am on my first year. I earned my RE licence at the end October of 2016. I signed on with my branch in November 2016. And went full time on January 27th, 2017. I will close number 38 by the end of October! I LOVE RE!! ... more
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Yesterday at 8:54pm
Mcwhorter_wendy answered:
I live in Rising Sun Maryland and the street that I live on has many children on that street and I think that the town should put up a sign saying children at play Slow Down
0 votes 23 answers Share Flag
Yesterday at 8:33pm
Zaynouns asked:
Trulia is showing an old unappealing garage photo as the primary picture for my rental listing. My original listing was made through Zillow. I went as far as deleting that photo altogether…
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Yesterday at 8:29pm
Lauren.john.alexander asked:
Truly I would rather rebuild on these properties but am unsure that's even possible as far as getting the financing etc...The buildings aere not rehab material so it woukd be rebuilding…
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Yesterday at 8:09pm
Kathy Burgreen answered:
Try calling some local brokerages and ask to speak with the Office Manager or Broker in Charge. Then ask this person if there are any experienced busy realtors who need an assistant.

What you need to know is realtors work on commission, so any assistants they hire means your get paid out of the realtor's pockets. Not all experienced busy realtors have the income to pay you. When I was a realtor, I knew of one broker who hired an assistant when she could afford to do so. That assistant worked on a temporary basis.
... more
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Yesterday at 8:03pm
Jennifer answered:
Hello Barbara,
Are you still interested in this unit? It's a 3 bdrm 1 bath for $2,000. It's still available. Please advise.

Best,
Jennifer Grullon
Real Estate Agent
jennifer@havengroupre.com
646-893-6165
... more
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Yesterday at 7:26pm
Alan May answered:
Is it "common"? No. But it does happen. They're under no obligation to accept any offer... including a full-price offer.
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