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Fort Lauderdale : Real Estate Advice

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  • Home Buying501
  • Home Selling45
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Activity 1,382
Yesterday at 9:02pm
Wendycourville answered:
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Wed May 17, 2017
Brandegee asked:
I am trying to find out something about foreclosures. There was a house that was foreclosed on. The Plaintiff Max Bid was $547,000 and the final judgement was around the same. If the…
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Sat May 13, 2017
Gabriel Penasso answered:
Listing a home online through Trulia and Zillow should be done through a realtor. It will benefit the sale of your property greatly because a real estate agent is able to prepare the photos and specific details of the house much better than a homeowner.

An experienced realtor has been through this process many times and is also able to get maximum exposure out of these websites as well as provide you with access to the local MLS. The multiple listing services website is an online portal exclusive to realtors that allows a home to be listed with exposure to a real estate agent network that will bring credible buyers to the table.

It is possible to sell your home on your own through Zillow or Trulia. I would suggest the advantages and experience that a realtor can bring you to help with selling your house online.
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Sun May 7, 2017
Kathy Burgreen answered:
I just viewed your listing and your name does say "Listing Agent." The other 3 agents are listed as "Premier Agent" - not "Listing Agent". "Premier Agent" means those agents pay monthly advertising fees to Trulia, Zillow, etc. to have their pretty faces and name plastered on listings so they can get leads from consumers. It's just another method of paying for leads.

As a former agent, what should concern you is when consumers call these agents, they THINK they are calling the listing agent when they are not. It happened to me many times. I paid Zillow to be a "Premier Agent" and buyers would call me thinking I was the listing agent and I wasn't. I did explain to buyers that I am advertising on Zillow but I'm not the listing agent. I told them I can represent them as a buyers agent. He question is whether other agents will do the same OR when a buyer calls, will they lie and tell them they are the listing agent.
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Wed May 3, 2017
Jody Chandler answered:
There are conventional loan programs that allow you to put 3% down based on income eligibility, if you are a first time home buyer you may also be eligible for 3% down regardless of income. The best thing to do is speak to a lender first, getting pre-approved will put you ahead of the game when it comes to shopping around for your new home. I am a loan officer licensed in Florida and the housing market there is hot. If you do find your dream home you should be ready to make an offer and have a pre-approval letter ready. Speaking with a lender first will also help you to understand how much your new monthly housing expense will realistically be. You want to make sure that after property taxes, homeowner's insurance, and mortgage insurance, you are comfortable with the monthly payment for the price range you are looking in. In regards to closing costs, these can be paid by the seller (how much depends on loan program and purchase price) a lender can also help guide you as to how much of the closing costs can be paid by the seller. When you make an offer include "x amount to be paid by seller towards closing costs" to minimize your cash out of pocket at closing. ... more
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Thu Apr 27, 2017
Diane Christner answered:
Unless you go to work for a builder, who may (or may not) offer a salary plus some sort of commission on sales, agents get paid by commission...period. It's a results based industry. You get paid after a successful closing.

Keep in mind that your broker will take a portion of your commission check earned for his/her share as well. You'll also need to set aside a portion of each check to pay your taxes -- income, social security & medicare. Remember, your broker does not contribute to the SS & medicare, it comes entirely out of your pocket.

You will also have to join the local MLS & pay local/state/national board dues in order to have access to the MLS data for agents.

Expect start up costs to run upwards of $2000. Then there are the ongoing expenses such as business cards, lockboxes, advertising, etc.

As a new agent, it is typical to go at least 2 or 3 months before you earn your first commission check.

Real estate can be a rewarding career, but you need to be aware of what to expect up front in the way of expenses. Approximately 80% of new agents leave the industry in a year or less. With good planning, you can become one of the 20% that make it.

Good luck with your new career.
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Sat Apr 22, 2017
Sugercookiebounce asked:
I am looking for a place to rent! 1-2 br. No more than 900 a month for me and my child. I have no rental history and about to have a bankruptcy on my credit. Are there any options?
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Thu Apr 20, 2017
Alan May answered:
You can file a complaint with the Florida Dept. of Business and Professional Regulation... where Florida Realtors are licensed.

http://www.myfloridalicense.com/dbpr/re/frec.html
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Mon Apr 10, 2017
Kathy Burgreen answered:
What you should do is test your listing. Call one of the agents that appears on your listing (they pay Trulia monthly advertising fees to hopefully get leads). Pretend you are a buyer asking about your condo. What does the agent tell you? If you don't like the answer, imagine other buyers calling these agents. ... more
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Mon Apr 3, 2017
Kirbyrockwell asked:
I added some data and pictures for my home (6400 N.E. 19th Avenue, Ft Lauderdale, FL 33308) last Friday, but I don't see the listing. How can I verify that the update was successful?
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Thu Mar 30, 2017
Marsha Umansky answered:
Is your Lender OK with it, or you are buying cash? Anyway, there are companies that specialize in taking care of permit issues. If interested in details, let me know.
Best luck,
0 votes 2 answers Share Flag
Tue Mar 21, 2017
Irma Hernandez answered:
in a typical home sale there are two involved in the transaction?
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