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48302 : Real Estate Advice

  • All15
  • Local Info1
  • Home Buying4
  • Home Selling3
  • Market Conditions1

Activity 11
Fri Sep 9, 2016
Jones answered:
When a client refuses to get a pre-approval until they find the right house, because it could take several weeks to months to find that right one and a client doesn't want their credit run but once. It is hard to steer that client away and let the deal go to someone else because you REFUSE to show without a pre-approval. I always want a pre-approval letter in hand, but sometimes it works out that way. Your line of thinking is what makes our job so hard. ... more
0 votes 14 answers Share Flag
Wed Mar 11, 2015
Renate Debler answered:
While I understand a seller's reasons for wanting to sell a home by themselves, it's much easier to work with an agent. I have worked with FSBO's and often times I hear that it's difficult for buyers to get an appointment, and when they do, they don't feel comfortable with the sellers present. Owners are also oftentimes not impartial and selling can become an emotional process.
Getting feedback is difficult as is the contract process, inspection and appraisal process. I had a FSBO that ended up using my services because they saw the speed and value of utilizing a licensed agent.
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0 votes 6 answers Share Flag
Wed Mar 11, 2015
Renate Debler answered:
The market is not likely to drop. In fact, the market is improving. There are less short sales than last year and January sales this year had median prices increasing 8%. Increases are expected for the next 3-5 years as we are still not back to their peak from 2005.
With regard to the house you found, technically since she was enlisted as your agent during this time, she is entitled to the commission. The commission for this possible Spring sale as you are aware, is paid by the sellers, not you as buyers, so you are not paying out. Good luck with your purchase. I hope the home is still available for you.

I wanted to mention though, that if the home was priced too high, it may go lower this time. Agents can do a market analysis for you to give you a very good idea of what prices the homes are selling at in the area you are looking
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0 votes 11 answers Share Flag
Wed Mar 11, 2015
Renate Debler answered:
Wabeek North and South are still very desirable areas as are Cloister on the Lakes nearby off Long Lake at Middlebelt. The condos generally go quickly when they come on the market and are priced right. I have a client in fact, who is looking there right now. ... more
0 votes 1 answer Share Flag
Wed Mar 11, 2015
Renate Debler answered:
The best way to find out who owns the home is to go to the Tax Assessor's office. It is often also available online. You can find out if the taxes have bee paid or not. Once you find the owners you can
contact them by letter or phone call to see if they are willing to sell. If the taxes have not been paid for numerous year, the house will be foreclosed and you may work with a realtor to purchase the property. This is a lengthy process, but with patience, they can work.
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0 votes 3 answers Share Flag
Wed Mar 11, 2015
Renate Debler answered:
Right now, there are buyers who are offering low offers to test the seller's need or desire to sell. Buyers want a deal if they can get it and sometimes they can. Different areas have different demand for housing and there are many investors out there who make low offers on homes because in other communities they were successful at this. By the way, low offers are becoming less common as the market improves and short sales and distressed homes on the market are disappearing. ... more
0 votes 27 answers Share Flag
Tue Jan 6, 2015
Anna M Brocco answered:
Be aware that scams do exist; be mindful that such web sites are third party sites, so the information is fed by various sources, therefore data is not really verified. If you choose not to work with an agent of your own always verify ownership before exchanging any money/personal information--make certain they are who they claim to be. Never wire any money, if it sounds too good to be true, it is. For scam related information see link.
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1 vote 2 answers Share Flag
Sun Oct 20, 2013
Amanda Christiansen answered:
Yes. A buyer/seller can rescind an offer or a counter as long as the other party hasn't officially signed anything yet. Good luck!
0 votes 5 answers Share Flag
Sun Jun 24, 2012
Karen Paytas answered:

Good Morning!! As long as you can qualify for a mortgage (income and debts) you are eligible for a Homepath loan. Our fair housing laws do not allow you to be discriminated against for being on disability.

Good Luck,

Karen Paytas, GRI, CMS
Real Living Kee Realty
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0 votes 1 answer Share Flag
Tue Aug 19, 2008
Bill Schmiett answered:
Your county recorder may be able to help you on this. You would need to look through the county records and separate property out that isn't in that zip code and look for a financial institution that was the grantor. You might also try a local title company. Disclaimer: Some states do not allow purchaser and seller information to be disclosed. ... more
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