Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Agent2Agent in Albuquerque : Real Estate Advice

  • All459
  • Local Info32
  • Home Buying150
  • Home Selling38
  • Market Conditions18

Activity 8
 KWCareers, Real Estate Pro in Atlanta, GA
Wed Apr 23, 2014
KWCareers answered:
That is a great question David. I think you know it's time to hire someone on your team, when you don't have enough time to consistently add NEW business and service your existing business. This a great resource for any agent that is considering building a real estate team. Here are some of KW's agents who run the top teams in our company sharing their proven strategies and tips on building a real estate team: http://moving-careers.com/how-to-build-a-successful-real-estate-team-keller-williams-mega-agent-interview-with-the-geeky-girls/ ... more
0 votes 4 answers Share Flag
Steve Quinta…, Real Estate Pro in Albuquerque, NM
Thu Mar 13, 2014
Steve Quintana asked:
1. Empty but mildly dirty home.
2. Small yard with leaves and trash.
3. Carpets need cleaning.

West side of Albuquerque, Ventana Ranch
0 votes 0 Answers Share Flag
Steve Quinta…, Real Estate Pro in Albuquerque, NM
Sun Jan 13, 2013
Steve Quintana answered:
A bank is unlikely to state they will not pursue a deficiency because that is a unilateral promise without consideration is therefore unenforceable. The bank cannot give the borrower an enforceable promise without consideration, i.e. something in return.

As to the income tax liability for the amount of the deficiency, the federal Mortgage Debt Forgiveness Act has been extended through 2013. This protects many short sellers from paying tax on the deficiency.
... more
0 votes 4 answers Share Flag
Ann Brice, Both Buyer and Seller in Wilson, NC
Fri Aug 3, 2012
Ann Brice answered:
HUD pays a commission unless something has changed recently. HUD has their own offer form and in it you have to specify how much commission you want and you have to calculate and state in the offer what HUD would net after paying the commission. You could ask for up to 5% commission. For example, if you said you were bidding $100,000 and wanted a 5% commission, the net to HUD was $95,000. If you asked for a 3% commission, the net to HUD would be $97,000. Obviously, the amount of commission you demand affects the net result and therefore the competitiveness of the offer. (One of my clients picked up on this and I had to negotiate with him, the commission that I submitted. ) You can also ask for closing costs in the offer, but again this is deducted from the offer price and affects the net price to HUD.

HUD pays the commission so I don't see how this is different from a typical MLS sale from the lender's perspective. I think you need to talk to more lenders and maybe research the HUD site to understand the process more:. Here is a link to a document on the bid process:

https://www.yardiasptx11.com/hudreo/docs/HUDHomestoreBidSubmission.pdf
... more
0 votes 14 answers Share Flag
Tony Olmi, Real Estate Pro in Albuquerque, NM
Thu Dec 22, 2011
Tony Olmi answered:
Who disallowes you? There are many, many brokers statewide who do BPOs.
0 votes 1 answer Share Flag
Michael, Home Seller in San Antonio, TX
Wed Jun 18, 2008
Michael answered:
I am looking for an investor to purchase my parents house in NE San Antonio. They are retired military and are purchasing a new home in NW San Antonio. They would like to get 110,000 for it. It is Bexar County apraised at 125,000 with 1975 sq ft but it is actually right at 3,000 sq ft (remodeled) with a 35,000 gallon in ground pool. It is within 1/4 mile of Windrest (future HQ of Rackspace). Email me at michaelandcarla@msn.com with any questions. 10,000 investment will probably yield you 40 -60,000 profit. ... more
0 votes 1 answer Share Flag
None, Other/Just Looking in Albuquerque, NM
Thu May 1, 2008
None answered:
Amy,
I agree with Kathy check out several agencies and see what they have to offfer you towards mentoring and training. I made the mistake of begining at a smaller agency that promised training. The training was go call your SOI (Sphere of Influence like friends and family) that was nice and all but I moved to New Mexico from out of State all my friends were other new agents. I switched to Coldwell Banker that had the best trainer and training department, also when I got to my office I had a Broker that was interested in mentoring me, not hoping I stay past my first 3 transactions.

I also woulld consider if this move is right for you? Real Estate is more of a lifestyle than a job. With long hours and few days off. Very little respect as you can see by some of the comments on this board. But it can also be rewarding when you help someone achieve the dream of owning there own home or selling their home for a great profit they can retire on.

Amy, I would not want to do anything else in the world than be a Realtor, good and bad, I love owning my own business and meeting great people I have worked with. If you do decide to become a Realtor I wish you success!
... more
0 votes 5 answers Share Flag
Search Advice
Search

Followers

275