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Agent2Agent in Camden County : Real Estate Advice

  • All19
  • Local Info3
  • Home Buying8
  • Home Selling0
  • Market Conditions1

Activity 7
Mon Apr 1, 2013
The Rifkin Team answered:
I know this is an old thread but if you still need any real estate help please call our office
(Keller Williams Cherry Hill) 856-321-1212 and ask for The Rifkin Team.

1 vote 19 answers Share Flag
Sat Nov 26, 2011
Carmen Brodeur, JD answered:
I have seen this a few times in the last couple of months. It was not common in our market prior to this year.
0 votes 10 answers Share Flag
Tue Nov 22, 2011
Dominique Britton answered:

Congratulations on earning your license and on avoiding being laid off. Working as a Real Estate Agent is a full-time job on top of your current full-time job. I would encourage you to maintain your license and refer your clients to a full-time agent so that you can still earn some money and so your clients can get the service they deserve. I personally believe open houses are not the best use of the limited time you have. If you are considering transitioning from your current full-time position to real estate full-time in the future, you may want to get a mentor to help you learn the ropes.

I hope this helps!

Dominique Fletcher
... more
0 votes 12 answers Share Flag
Wed Aug 17, 2011
Keith Kruger answered:
Great extra advice from Don on the settlement company. Check around with other investors/wholesalers to see who they use in your area. Some companies are hesitant to handle closings with assigned contracts. ... more
1 vote 3 answers Share Flag
Sun Jul 18, 2010
Victor Kaminski answered:
Even though offering rebates to buyers "doesn't seem to have revolutionized or turned the business upside down anywhere else across the country where it's been legal"; don't you agree that it is nice to be able to offer a quantifiable valuable savings offer like this to buyers? If not why?

Playing down rebates won't make them go away, if anyone doesn't offer them that too is fine but whoa! I'm noticing a lot of hostility from fellow agents when talking positively about rebates and telling people that my agency is offering them. The backlash is just crazy but at the same time indefensible by those making the attacks, they just can't explain why it is bad without slandering those offering the rebates.

If anything, I think it's just good press for us! lol...

Anyway, this question wasn't about rebates so just think it was funny how that was injected into the answer.

@ Susan Coleman
As a buyer you don't need to take such factors into consideration because the real estate agents commission is paid for out of the sellers proceeds 99.999% of the time unless in a buyers agency agreement it is spelled out that you will pay an agent x% but in the case the amount the seller is offering doesn't cover that, you will. All you need to do as a buyer is figure out if you want the house and how much you're willing to pay for it.

I think you may be confusing to separate issues, you mentioned how much you would need to "put down" when buying a new house. Down payment has nothing to do with your agents commission, it has to do with the type of loan you are getting and your banks program offerings you are choosing to go with. I would suggest speaking with a qualified, reputable mortgage rep to get you qualified for a mortgage and go over all the programs available and best suited to you and your needs.

Sellers do pay the commission, see Bob Hope's comments.
As for those wanting to delve into semantics and the duck, bob and weave techniques of telling sellers who pays for the commission, the funds to purchase the house come from the buyer but then again those are funds they have no control over how the seller may choose to spend anyway because those are from their proceeds.

Wouldn't you all agree on that?
... more
1 vote 27 answers Share Flag
Tue Nov 24, 2009
Melissa Riley answered:
Real estate is an awesome career. I started many years ago at 21 years old. I have never regretted it. The advantage I had is that my mother was a top producer so I grew up in the business and saw the reality of real estate and managing a business. I learned quickly that it's a business and that you have to be incredibly self-motivated and disciplined. Since you are 19, your comtemporaries may not be in a position to buy or sell so you would have to rely upon developing additional prospects. Perception of competency and creditability may be a challenge at a younger age, however, I would guess that you will bring energy and enthusiasm to your business. Real estate is a relationship business, so you need to constantly build those relationships and work on a referral base from there. I would encourage you to dive in, but go in with your eyes wide open. Best of luck! ... more
0 votes 4 answers Share Flag
Sun Mar 29, 2009
Elisa Dewees answered:
Unable to get a mortgage? As we all know, that list is growing every day with the increased credit score minimum and tight lending practices. Rather than focus completely on credit history for potential renters, consider other factors:
Do they have a good job history, did they have a major life change (divorce, lost a spouse, relocated to a more expensive area,etc.), what are their earning ratios compared to rental output?
Then you can make a better decision if they are a good tenant candidate. There are plenty of "good" people who either prefer to rent or just cannot obtain a mortgage right now.

Marilyn, you are so right about the "Truth in Renting" laws siding with the tenant. Amazing how banks can kick out an owner relatively quickly while tenants can occupy someone else's property many, many months for free.
... more
0 votes 7 answers Share Flag
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