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95060 : Real Estate Advice

  • All27
  • Local Info2
  • Home Buying10
  • Home Selling4
  • Market Conditions0

Activity 20
Tab Duchateau, Home Buyer in 08050
Sat Jul 2, 2016
Tab Duchateau answered:
Can anyone explain why a seller would accept a much lower bid on a house? My credit score is over 800 and never had any issues, yet a 15K lower bid was accepted on a 185K offer (I bid 200K) I, for the life of me can understand it, so I'll ask the experts. TY ... more
0 votes 15 answers Share Flag
UpNest Top R…, Real Estate Pro in Burlingame, CA
Mon Jun 27, 2016
UpNest Top Realtors answered:
Hi, Commission rates are negotiable and can vary. The key to negotiating the best rate is to compare and interview several agents in your local area. We started UpNest (http://www.upnest.com) to help you compare top agents that compete to earn your business. Since agents compete for you, they offer their very best rates and services. You'll also get to "comparison shop" like you do for all the other things you usually pay for. It's free and there's no risk to try us out, Good luck! http://www.upnest.com ... more
0 votes 7 answers Share Flag
Arpad Racz, Real Estate Pro in San Jose, CA
Fri Mar 11, 2016
Arpad Racz answered:
Hi,

As a new agent, I would interview with a few companies to see what training they offer, and especially if you can join a team.

Kind regards,

Arpad
0 votes 2 answers Share Flag
djennifer009, Other/Just Looking in Salt Lake City, UT
Thu Jun 18, 2015
djennifer009 answered:
Could you show the results of your inspection to the current owners? If they lower their price by the $3K it costs for mold remediation, it still might be worth staying in the contract. And if you're not sure about the wood behind the wall, talk to the mold remediation experts about your concerns. http://www.colfaxcorp.net/services.html ... more
0 votes 1 answer Share Flag
Scott Godzyk, Real Estate Pro in Manchester, NH
Mon Mar 30, 2015
Scott Godzyk answered:
You can get a FHA 203k mortgage which will include fix up money. Your loan officer can guide you with this type of mortgage and your buyer broker should easily be able to explain how it works to write your offer accordingly., ... more
0 votes 9 answers Share Flag
Arpad Racz, Real Estate Pro in San Jose, CA
Sat Feb 21, 2015
Arpad Racz answered:
Hi Brenda,

I have talked to a few people that actually thought of this strategy as well.
One has to consider that it is hard to forecast the market and timing, there are closing costs associated with selling and buying and you would want to factor these in, and in the interim one would perhaps have to rent while waiting the market out.

Kind regards,

Arpad
... more
0 votes 2 answers Share Flag
Arpad Racz, Real Estate Pro in San Jose, CA
Mon Jan 19, 2015
Arpad Racz answered:
Hi Ken,

There is a CAR trust advisory form, as well as a form checklist with a TRUST column. Did the listing agent specify what type of offer forms they needed?

All the best,

Arpad ... more
0 votes 1 answer Share Flag
Cindy Davis, Real Estate Pro in San Diego, CA
Sun Jan 18, 2015
Cindy Davis answered:
I recommend finding your own buyer's agent to guide you through the listings. If you are looking on your own, I would use another website like Realtor.com, or any agent's website. These will have up to date local listings and clearly state who the listing agent is.

Good luck.
... more
0 votes 2 answers Share Flag
John Arendsen, Real Estate Pro in Leucadia, CA
Thu Dec 18, 2014
John Arendsen answered:
You really only need to ask this question once.
0 votes 3 answers Share Flag
Liz Kroft, Real Estate Pro in Santa Cruz, CA
Tue Nov 4, 2014
Liz Kroft answered:
Welcome to the California Coast :) Unfortunately, with such low inventory and high demand sellers do no have to make concessions or address repairs the same way they would if the market were a bit "cooler". That said, like others have advised, your agent should be able to assess what is a reasonable/acceptable amount of damage and what should be negotiated. When you are buying a home termites, fungus, dry rot and moisture mentioned in a pest inspection may seem worse than it actually is. Your agent will know what is common and what is unreasonable. If you would like another set of eyes on the report I would be happy to assist ... more
0 votes 10 answers Share Flag
Scott Godzyk, Real Estate Pro in Manchester, NH
Tue Nov 4, 2014
Scott Godzyk answered:
Liz Kroft, Real Estate Pro in Santa Cruz, CA
Tue Nov 4, 2014
Liz Kroft answered:
Great question, although that is a very subjective answer. Many firms these days have access to the same tools, resources and information. What is important is finding an AGENT that is the best to work with for your needs. We all specialize in something a little different - trustee sales, investors, first time home buyers, retirees, etc. It is best to identify your needs and find somebody whose experience and personality are the best fit for you. You are working with the agent, not their company :)

(I will toot Mainstream Real Estate Group's horn here for just a moment: While we are a smaller firm, we have more flexibility in fully addressing our clients' needs well outside the box of corporate rules and guidelines. We do of course adhere to all local, state and federal laws but have more freedom in the ways in which we serve our clients).
... more
0 votes 3 answers Share Flag
John Repoza, Real Estate Pro in Westerly, RI
Wed Feb 26, 2014
John Repoza answered:
Hi Claudine
I think sustainably is important and the big trend in new houses is to go green.
there is also a big move to covert perennial flower beds in vegetable gardens
we need to start taking care of the planet it's the only one we have. ... more
0 votes 7 answers Share Flag
Keith Jean-P…, Real Estate Pro in East Brunswick, NJ
Tue Dec 24, 2013
Keith Jean-Pierre answered:
0 votes 1 answer Share Flag
Fred Herman, Real Estate Pro in Staten Island, NY
Sun Nov 10, 2013
Fred Herman answered:
it's the seller's home. they can sell to whomever, whenever the want. also, sometimes it's the terms that are just as important or even more important to the seller than the price.
0 votes 9 answers Share Flag
Philip Cabral, Real Estate Pro in San Jose, CA
Thu Dec 13, 2012
Philip Cabral answered:
The bottom line is that signing the inspection report is merely acknowledging the receipt of the information. That's it.
0 votes 14 answers Share Flag
Molly Thomps…, Real Estate Pro in Saratoga, CA
Tue Nov 13, 2012
Molly Thompson answered:
Ken:
You would actually be buying a property from the Trust and the Trustee may or may not know anything about the property. I've listed 2 recently and in one case, the Trustee had lived there and knew some things about it. The buyer still did his own inspections. In the other, teh Trustee had not lived there but did get inspections done before offers came in so a buyer would understand more about the condition of the property before putting in an offer. You can best minimize your risk by getting professional inspections, or carefully reviewing existing inspections and ask questions or get quotes for needed repairs. It's also QUITE helpful to get County records (and City records if it's in City Planning Dept jurisdiction) so you know more about the history.

CHEERS!

Molly Thompson, Broker Assoc, APR
www.MollyThompsonHomes.com
831-588-1752
... more
0 votes 2 answers Share Flag
Molly Thomps…, Real Estate Pro in Saratoga, CA
Tue Nov 13, 2012
Molly Thompson answered:
You should be more concerned about the 3.8% tax that's part of the ObamaCare program. It takes effect Jan 2013... so you have 6 weeks to sell to avoid it completely and I'd be glad to help :) !
A tax advisior can give you more specifics...

CHEERS!

Molly Thompson, Broker Assoc, APR
www.MollyThompsonHomes.com
831-588-1752
... more
0 votes 1 answer Share Flag
Curt Abramson, Real Estate Pro in Santa Cruz, CA
Thu Aug 11, 2011
Curt Abramson answered:
Greg, since this is a single family residence with an accessory dwelling unit, the agent probably elected to list it as such to attract the attention of buyers who are primarily looking for that configuration. Listing as a duplex will tend to focus attention by investor buyers, which is not really the target for such a nice house in a great location. It sold after 21 days on the market with an all cash offer, so it would seem the agent made the right decision. ... more
0 votes 1 answer Share Flag
Glen Mitchell, Real Estate Pro in Half Moon Bay, CA
Wed Jun 17, 2009
Glen Mitchell answered:
I'm with you. As long as you are paying the bills why should the bank care what the kitchen looks like or if you have to use a Coleman stove. I've installed kitchens and its not that hard. Unfortunately thats not the way the banks think. Do you have a good lender? What is the price? Would the HUD 203k loan work for you? http://www.hud.gov/offices/hsg/sfh/203k/203kabou.cfm The selling bank would be better off to put in a cheap kitchen and raise the price or at least get it sold quicker. Is that bank willing to help you finance? Is your broker giving you good advice? If you aren't working with anyone and need help exploring your options let me know.

Glen
Broker
... more
0 votes 1 answer Share Flag
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