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07083 : Real Estate Advice

  • All31
  • Local Info4
  • Home Buying17
  • Home Selling3
  • Market Conditions0

Activity 26
Tue Dec 5, 2017
virleneslc answered:
You are definitely in a better position to negotiate without bringing in a buyer's agent at 3%. You can propose what you want--and the seller's agent is legally required to present any and all offers. It is the seller who has made an agreement to pay their agent--not you.

I have bought and sold many houses myself--and you can, too--if you are willing to put in the work to understand the contract and the process. First realize an agent is NOT interested in negotiating the best deal for you: an agent is interested in a quick sale with minimal work on their part. Consequently, they are likely to sell you down the river on both price and conditions. (The different of $10K on the deal price means much to you and very little to an agent--$300) The easiest way to save money on a home deal is to cut out the parasitic middleman. Buyers and sellers can prevent misunderstandings and save thousands by dealing directly with each another. (If you're concerned about the paperwork hire an actual attorney to look it over. If you're concerned about home condition, have a thorough home inspection. Realize the title company does most of the closing work.)

The only time I've ever had a problem in a home sale was when an agent was involved. (The buyer's agent provided a pre-qualification letter for the buyer that wasn't worth the paper it was written on. I relied on that letter to my detriment. The buyer tied up my property for 3 months and then backed out the day before the sale due to failed financing--after I'd let my tenant go and I was stuck with an empty property all winter. The earnest money didn't begin to cover my losses. Lesson learned--and now I no longer work with realtors.)

In sum, eliminating the middleman can save your time and prevent misunderstandings that occur when an agent (overly eager to close a deal) is representing you.
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0 votes 33 answers Share Flag
Wed Oct 4, 2017
Yvettealston1 answered:
Will a resubmitted mortgage payment after the 30th day affect my credit?
0 votes 4 answers Share Flag
Mon May 15, 2017
Steven_soprano answered:
The location is right off of route 22 which is always filled with traffic.
0 votes 10 answers Share Flag
Thu Apr 21, 2016
Rosimar99j asked:
Thu Jul 23, 2015
USMortgageRanger answered:
Does this attorney have a Real Estate License or just a Law license. If he presented herself as an attorney then she need to stay in her Lane. Yes you can only if you chooses to give something towards the closing cost but no demand will be met and Let her know this is Plano where houses are in short supply and you can easlity find a nother buyer before the weekend.

I would be delighted to provide you with some mortgage options, (this does not require us pulling your credit) that will allow you to make the best decision for your family. I can be contacted via my profile information for a no obligation consultation. My Office hours are 08:00 AM-08:00 PM Mon-Fri and Fri and Sat 08:00 AM-06:00 PM CST.

Lowell Sterling
Mortgage Banker
NMLS 968898
Capital One Bank
Phone (469) 315-1709
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0 votes 2 answers Share Flag
Sun Feb 22, 2015
John Westrich answered:
Hello Farrah,

Based on your criteria, I would recommend considering Bergen County. Are schools important? My recommendation whether you were to go with me or not is to choose one agent per county / location. You will get much better service from a qualified agent that will give you the attention that you deserve as long as the agent believes that you are loyal to him/her as well. Granted, the Bergen County Market is different from the Central Jersey market so in these types of scenarios having a trusted agent in both locations is probably the way to go. My comment is with regards to one area, one qualified agent is worth more than a few agents. ... more
0 votes 3 answers Share Flag
Wed Feb 18, 2015
Michael Dolan answered:
Trulia should be able to pull it from GSMLS. It's better if your agent participates with Trulia but I don't believe it's necessary.
0 votes 1 answer Share Flag
Wed Aug 6, 2014
Tina Rebimbas Torres answered:
Your Looking for a Broker Current Market Analysis.

Our office does not charge for this.

This should be free.

Call me office if you need assistance -908-688-2828
0 votes 9 answers Share Flag
Wed Aug 6, 2014
Tina Rebimbas Torres answered:
The school assigned to this area is Washington Elementary. The distance is a bit far to walk. But the distance to the train station is very close. An easy walk.
This area is a huge attraction to NYC commuters - most people commuting specifically try to get in this area. Its very close to the Elizabeth Elmora section.

Home sales in this area Range based on condition.

I have seen homes priced low that need to be renovated Capes at 200k in 2013
and Homes newly renovated at 300 -350k So the range is quite large.
The new construction is going 390,400k+

This area is also very close to the YMCA - They have a great summer program as well.

Tina Torres
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0 votes 6 answers Share Flag
Mon Nov 4, 2013
Martha Lucia Gallego answered:
Schools start with Parents Participation from home. Your Kids will go far if they want the education. I have family that already graduated from UHS and they goto NYU. Union is just a stepping stone. If you are interested in learning, you will learn. Union knows it reputation has changed from its A+ grade in the 90's, but its been "IN CHECK" for a number of years getting their program back to the top. It will take time but they are progressing. ... more
2 votes 9 answers Share Flag
Mon Nov 4, 2013
Martha Lucia Gallego answered:
Dont do it.

They need to follow the same rules as everyone else.
0 votes 5 answers Share Flag
Mon Nov 4, 2013
Martha Lucia Gallego answered:
I think its a waste of time, before the short sale is approved. Noone knows if the agents listing price is the right price the bank will take. So I recommend when a listing says short sale approved that is when its a good time to submit offers. Before that it takes much longer and could possible not get approved at all.

Martha Gallego
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1 vote 9 answers Share Flag
Sat May 11, 2013
Tina Rebimbas Torres answered:
On any bidding war..... Dont worry about what someone else is bidding.

Figure out what you are willing to pay. What is your number!

The number you feel the house is worth.
How much do you want it, it might be worth more to one than another.

Example.... Parents trying to get their children into a certain school will go above and beyond to get what is best for their kids.

Or Location close to NYC transportation to walk.

Different things drive offers for different reasons.

Just figure out your number and if its ment to be its yours.
Give your highest and best and no regrets.

My best recommendation for multi offers situations!
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0 votes 11 answers Share Flag
Fri May 3, 2013
Tina Rebimbas Torres answered:
When you establish a relationship with a Realtor they can set you up with automatic emails. Your agent can create a campaign for you either on their own website (IF THEY ARE A RE/MAX agent) or from the multiple listing, to receive new listings as soon as they appear on the market. Fixer uppers are obvious just by reviewing photos and price online. Fixer uppers vary in oppinion from client to client .... so most buyers need to do reseach, a list isn't just handed to you.

You can search through photos and prices on Trulia and request help from the agent you decide you want to work with.

Good Luck.....
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2 votes 7 answers Share Flag
Sun Mar 17, 2013
Brenda Lee Zabriskie answered:
You cannot post your home for sale by owner on Trulia. You must have your home listed with a Broker in order to have your home listed on the site. Besides in this market, why would you want to list your home for sale by owner? While I know it seems like you can save money by selling it on your own but if you hire a great Realtor®, a seller can get more for their home in a less amount of time! At this time there is no inventory out there and homes are selling closer to their asking price and we are now seeing bidding wars. Yes bidding wars! We haven’t seen that in years. However, we have literally run out of houses to sell so the houses that do get listed are getting lots of showings and aren’t taking long to sell if they are priced right! ... more
0 votes 10 answers Share Flag
Tue Aug 28, 2012
Tg Glazer answered:

During the attorney review period, the property is not officially "under contract". During this period, anything can happen. You can decide to back out for no reason at all. The Seller can accept another offer and cancel your contract. Once attorney review has been completed, then the contract is binding and the listing agent will mark it as "Under Contract" in the MLS.

Please note that Trulia and the other real estate web sites do not always have the most up-to-date information, and still may show the property as available, even after it is under contract. Do not worry about this as the only thing that matters is when it gets out of attorney review, no matter what it says on a website.

Good luck!
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0 votes 3 answers Share Flag
Tue May 1, 2012
Carlos Rodriguez answered:
I agree that Email is a great way to keep in touch and advertise. I would also add Networking! Its important to be able to sell yourself in person. There are plenty of groups out there such as Meet Up. ... more
0 votes 3 answers Share Flag
Thu Apr 26, 2012
Mary Petti answered:

Sometimes if you ahve it listed in TWO MLS's the second one won't go through because the address is the same.

However, I have found that regardless of if your company feeds direct to Trulia, you can go to MY Listings and manually add it and/or edit it.. If it's a problem still, contact Trulia for help. They are very responsive. ... more
0 votes 2 answers Share Flag
Mon Apr 16, 2012
Mary Petti answered:

Did you mean total purchase price of $56,000 and you will be putting some money down and mortgaging the rest?

My guess is if you are qualified for a loan, (based on income, debt, prior credit history, savings and downpayment amount) no matter what price you are purchasing at, there should be some mortgage program that fit's your financial needs.

Have you contacted ANY mortgage brokers or banks to see if you qualify for a loan at all?
I suggest you do that immediately. FHA loans have low down payment requirements (3.5% minimum) but there may be other programs that meet your needs.
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0 votes 2 answers Share Flag
Fri Sep 2, 2011
Jerry Barker answered:
How did you even post a question about cars on this website, I thought this site was regulated to ensure it dealt primarily with real estate?
0 votes 7 answers Share Flag
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