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Home Buying in 85028 : Real Estate Advice

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Activity 7
Sun Jan 22, 2017
Karen Peyton answered:
You aren't saying which fees you are trying to avoid...You can buy without an attorney - instead using a title and escrow company.
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Tue Sep 6, 2016
Karen Peyton answered:
To get other calculations on a complete rebuild, call at least two other insurance companies.

Also, you can't use the purchase price for your calculation because it includes the value of the land - so if using - and you back it out - you may be at the dollar amount you see fit.

Yes, I have had this happen and trust me - your agent, like mine, will sell you any policy you want to buy. Get a good explanation of the policy in its entirety. Although it may seem your coverage is depleted, "layers" will kick in due to other provisions.

Good luck!
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Fri Oct 21, 2011
Randy Hooker answered:
C.L.U.E. reports are available online, but you might only need an Insurance Claims History Report from the owner's insurance agent/carrier. Best advice? Ask your broker.
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Fri Oct 15, 2010
Greg Urroz answered:
CLUE reports (Comprehensive Loss Underwriting Exchange) are only available on owner occupied properties that are primary residence. If the home is a 2nd home or income property the owner must request a 5 year loss history. It is the same thing. What you are looking for is a home that has had a lot of claims. For example a home with excessive water damage is a red flag. Another example would be a home with multiple losses from burglary. A house can be black flagged by insurance companies if it has had excessive claims. ... more
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Tue Oct 13, 2009
Jerseyreo answered:
AHMSI reimburses through FAS. submit the bills, proof of payment, expense approvals and w-9 to the designated email address at FAS and you should be OK
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Fri Mar 27, 2009
Scott Clayton answered:
Carrie,
If you paid 5% too much for a house, that's your fault, not your agent's. Your agent furnished you with comparable sales and shared as much information about the property as they knew. You made a decision on what to offer the seller and they took your offer.

All sellers must net a certain amount in order for it to be feasible to sell.....even on short sales. If there's not enough cash in the transaction, the seller won't sell. It's very, very simple. And no agent can squeeze blood out of a turnip. So get over the discount realtor kick you're on.

Why do I offer a 50% commission rebate. Because realtors are paid too much and I want your business. Realtors typically receive a 3% commission when representing the buyer. Today's buyers usually find the home themselves via the internet. They do a drive-by inspection of the home and neighborhood, and then call an agent to help them with the paperwork, financing, inspections, and other legalities. The realtor usually comes into the game late, so do they deserve 3% of the purchase price? That's a LOT of money - $9,000.00 on a $300K home!

Most buyers don't want to ride around with a realtor looking at a bunch of homes the realtor selected, and listening to sales pitches all the while. Buyers want to be a part of the buying process, and I reward them for doing so. The buyer and I work together in finding the home and going through the purchase process. Buyers absolutely love sharing 50% of the commission - they did half the work, why shouldn't they share in the commission?

I offer my buyer clients FULL service representaion and the benifit of my 29-years in the residential real estate business. I have a spotless record with the AZ Department of Real Estate.

Commission rebates are a new business model that threatens traditional agents terribly. Traditional agents' only defense is the "you get what you pay for" line. Well, let me turn that around. Can a traditional agent tell me with a straight face what they did to earn $9,000.00 on a $300K transaction? And please don't tell me how they "negotiated" a better price.........that's up to the buyer, remember?

Realtors only get paid if the sale closes, so the more they "negotiate" and make things difficult for the other realtor and the seller, the less likely the sale closes. When a "negotiating" agent stirs the pot, his buyer client's best interests are not often served. The buyer agent will benefit their client much more by providing information and recommendations and let the buyer make the decisions - let the buyer be the negotiator.

Today's real estate agent should be all about empowering their client - buyer or seller - and letting them decide what's in their best interest.
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