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08053 : Real Estate Advice

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  • Local Info2
  • Home Buying25
  • Home Selling5
  • Market Conditions1

Activity 37
Sun Nov 20, 2016
Scott Godzyk answered:
It depends if you had a contract with your listing agent to also represent you as a buyer agent to buy a home? If so yes, if not could be no.
0 votes 2 answers Share Flag
Wed Nov 16, 2016
Wincoc69 answered:
I'm dealing with a realtor in Missouri who puts off buyers and sellers if she is not doing both deals. This sounds unethical to me. This agent is tying up a home that she is the listing agent on. She is also the selling agent on the Home of the Person looking to buy her listing. This way she gets commission on both deals. Her buying client can't get a sell on their current home. So this agent is telling my agent the deal is going to happen. We see the property is listed as active contingent for over a month now. This agent is not being truthful. I see post where she has done this before. What is my recourse? ... more
0 votes 51 answers Share Flag
Sun Oct 23, 2016
Stjohnsboy2002 asked:
I was told in the sanctuary you can clear 40% Of the land . Can some one please verify this ? I am thinking the builder doesn't want to pay to clear it ! We are building a new home…
0 votes 0 Answers Share Flag
Wed Oct 12, 2016
Betterfloors asked:
Mon Sep 26, 2016
Scott Godzyk answered:
You can, but the listing agent may not be willing to pay that new agent a commission. You should have hired a buyer agent before seeing homes. The listing agent could get angry and that wont help your offer. ... more
0 votes 1 answer Share Flag
Mon Sep 19, 2016
Maricris A answered:
Hello,

Unfortunately, we didn't get enough information about your problem to resolve the issue. Please provide us with complete property address by replying to this. You may also send your request together with your complete address via the link below.

Regards,

Maricris
Consumer Care Advocate
... more
0 votes 1 answer Share Flag
Fri Aug 26, 2016
MCM_STL answered:
The best possibly solution would be for your current agent and prior agents to communicate. There probably is some potential for your original agent to make a claim to the commission if you end up buying the first house. You initially saw it because of them and there is plenty of legal prescient on that agent's side.

The reality is that most agents aren't going to damage their reputations buy suing a past client - especially when it's probably over a few thousand dollars. If both agents here are ethical, customer-oriented individuals, they'll be able to work out a mutual agreement on how to make sure they both get something for the time they put in.
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Fri Mar 25, 2016
Colin asked:
I get weekly emails on my search, but over 50% of the listings are in retirement communities. Total waste of space in my inbox.
0 votes 0 Answers Share Flag
Mon Jan 25, 2016
Karen Peyton answered:
Without a signed representation agreement (agency,) the relationship between the agent and yourself was that of a customer. As a customer, she owed you honesty. By telling you her friend made an offer on the home for which you had interest, she fulfilled this obligation. There was no conflict of interest because there was no fiduciary duty to protect and promote "your" interests. A conflict cannot exist without opposing factors.

I understand you're upset and don't like what happened. The way to avoid it is to sign an agency agreement to ensure you are fully represented and receive all the benefits therein.

Good luck!
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1 vote 1 answer Share Flag
Mon Nov 9, 2015
My NC Homes Team answered:
As long as you notify the listing agent your workign with a Buyer Broker and identify them there should be no problem. Secondly if the home already has a n offer on it, you should be wondering if you really wnt to get into a bidding war. You could ask her if she has someone in her office she works with that could attend in her absence.

In general it's to a buyer's advantage to ahve their Realtor with them if for no other reason than to get the benefit of their insights.
... more
0 votes 3 answers Share Flag
Mon Nov 9, 2015
My NC Homes Team answered:
Lots of homes have termite infestations over time and as long as they are discovered and treated life goes on. Unless the damage was extensive and not repaired there's absolutely no impact on resale value.

All homeowners in areas where there are termites (most of the country) should have a termite inspection done annually. Treatements tend to last roughly 10 years but this doesn't mean a home owner shouldn't have the home inspected annually.

If you have concerns about termites, you should speak to your insepctor who is the expert on termites adn termite activity, but as far as real esate, I can assure you that as long as the home has been treated, any necessary reparis to structural damage made and there's no active signs of termites, there's absolutely no reason for you or any buyer to be overly concerned.
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0 votes 1 answer Share Flag
Tue Jun 16, 2015
Tony Grech answered:
That's a normal occurrence.

If you are moving to a bigger home, you can either a) sell this home first or b) keep this home and convert it to a rental property.

Most people sell the old home because they don't want to be land lords. But if you elect to keep this current home or are unable to sell it, then you can certainly hang on to it.

To get a mortgage on a new home (if you're keeping the current home), the lender will require you to be able to qualify for both your current mortgage payment AND the new one. In addition they will require you to have money in reserve outside of what is needed to close on the purchase. This will be between 2 and 6 months of payments on both houses, depending on how much equity you have at that time in the current home.

From a rate perspective, you can classify the new home as a primary residence so you won't be charged the higher "investment property" rate on the new loan. But the rates will be whatever they are at that time, which probably won't be as low as they are today.

Hope this helps!
Tony
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0 votes 2 answers Share Flag
Wed May 6, 2015
Caleb Hart answered:
I suppose it all depends on the amount of siding that you are removing. Some contractors go by square footage, some go by the hour. It just depends on what they are going to do. I would start making some calls and asking questions. http://mendelssohnconstructions.com.au ... more
0 votes 12 answers Share Flag
Mon Mar 30, 2015
Jeanne Feenick answered:
Yes agree with my peers - the agent "opened" the door for you. if you have an objection to their ability to assist you then speak to him/her about it and perhaps another resource from the brokerage can be drawn in to address any concerns.

Focus on the prize - good luck getting the home!
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0 votes 3 answers Share Flag
Tue Oct 21, 2014
Caleb Hart answered:
I have heard a lot of professionals going out to remove this asbestos siding. It's hard to say how much it's going to cost you because there are professionals that do it in different ways. I have heard of removers charging by the hour, or by the square foot of siding removed. What kind of siding are you considering replacing it with? http://www.classicremodeling-nj.com ... more
0 votes 6 answers Share Flag
Mon Sep 22, 2014
Kaitlin McDevitt answered:
First time home buying is an exciting process, congratulations! I'd love to assist you in your search if you'd like to review my profile and reviews to get to know me a bit you'll see that I specialize in working with first time home buyers. If you could send me a private message I'd be happy to schedule a time to talk as well as send you some options that meet your needs and or get you started in the right direction with a lender if needed. ... more
0 votes 6 answers Share Flag
Sun Sep 14, 2014
Leonard Dunikoski answered:
Chris O'Connor gave a very good answer. Unless you go to a Public Open House, go see a house with a Realtor you respect and trust. Then that Realtor will represent you and deserves to earn the commission if you buy the house.

Leonard "Len" Dunikoski, GRI
... more
0 votes 10 answers Share Flag
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