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18901 : Real Estate Advice

  • All28
  • Local Info1
  • Home Buying5
  • Home Selling6
  • Market Conditions3

Activity 22
Mon Apr 18, 2016
jrgob33 asked:
Dear Trulia,
You have many customers who want the privacy of their newly bought house to be kept private.. how do you remove content of home from Trulia? Are you capturing the home content…
0 votes 0 Answers Share Flag
Mon Oct 12, 2015
Alan May answered:
That's going to depend on the language in the marketing agreement you signed with your Realtor. The answer to your question is in the contract you signed.

In most cases, unless you wrote in an "exclusion" for a prior viewer, most of the marketing agreements require that the seller pay a full commission, even if it's someone who looked at it before.

technically, your realtor probably isn't a dual agent... rather the buyer is "unrepresented" (as you say), but since they're unrepresented, there is no buyer's agent to pay, and according to the contract you probably signed, if there's no buyer's agent/agency to pay, they get to keep the full commission.

So while they're not really a dual agent... they do get to keep both sides of the commission.
... more
1 vote 1 answer Share Flag
Wed May 6, 2015
Joy "Zaleski" Messner asked:
Seems to be lagging a bit behind during this spring market ... especially seeing that it was slow to start due to a colder, snowier late winter.
0 votes 0 Answers Share Flag
Thu Oct 30, 2014
Ann McGuire answered:
Thu Oct 30, 2014
Ann McGuire answered:
Decluttering should be the first step for all homeowner's thinking of selling their home. Opening up the space of extra "stuff" makes it feel that much bigger and preps the home for the next steps of staging and painting. Painting a home in neutral colors such as egg-shell colors keeps it feeling light and airy. Sticking to the same color palette throughout each floor will give it a nice flow that some homes lack. So, yes, Frank, painting a newer home will definitely add value. ... more
0 votes 1 answer Share Flag
Thu Jun 26, 2014
Michaelangelo Greco answered:
Without a doubt good professional staging, will create what I call the Wow Factor. The better the Wow Factor the greater the possibilities for a sale. Also important is that the appropriate repairs are made to the house. A good staging will be devalued if the prospective buyer grabs a door knob and it falls off. Staging and in good repair makes a huge impression. ... more
0 votes 12 answers Share Flag
Tue Jan 14, 2014
Amanda Christiansen answered:
We really haven't had too many issues as of late. The big problem over the last year or two has been low appraisals. Other than that, we are good.
0 votes 7 answers Share Flag
Mon Jan 13, 2014
Steve Salemno answered:
Based on what I have been seeing when showing my clients homes, is the inventory is good, but the inventory of updated/nice homes, that are priced right, is low. I currently have clients looking for a home in the Doylestown/Warrington area around $500,000 but are having trouble finding one that has a nice layout and has had recent updates. Overall, it the market depends on if you are a buyer or seller and what price range the home is in. The weather has a lot to do with the timing of homes being listed and the winter so far has been cold and filled with storms. Spring should be here soon and with it, more homes and better inventory. ... more
0 votes 10 answers Share Flag
Wed Mar 27, 2013
Dan Golden answered:
Speaking of inventory. Reports as recently as last night detail how much the real estate market has changed in the past few months. Segments on both NBC Nightly News (Tuesday) and CBS Morning News (Wednesday) reported how real estate sales in some markets are heating up. In fact, in some places the market is scorching hot.

The CBS report of March 27 said sales have increased 8 percent nationally and by even more in California. Their segment concentrated on California. In Los Angeles, properties are being swooped up almost as soon as they come on the makret. It told of one investor who purchased a duplex for $600,000 (cash) and had plans of selling it for $850,000 after fixing it up a bit.

There are a ton of buyers in the LA market and competition for each property is fierce. It told of one couple that has been trying to purchase a home for a year. They made four offers, the last two above asking price, yet were outbid each time. IN LA, the report said homes are selling twice as fast as they did last year and real estate agents say 100 people at an open house is the norm. Wow!

The Nightly News report also spoke of the change. It told of how a shift has occurred in the attitude of people on home ownership, with 79 percent now preferring to own a home. That attitude has fueled the fastest pace of homebuying since 2006. Remember the reports from Las Vegas showing the thousands of foreclosed homes and homes for sale when the real estate bubble burst in 2008. Well, the Nightly News said large investors are buying everything in sight.

What does that mearn for buyers and sellers in Bucks County. Well, trends from California tend to head east. If you are a buyer, get out there and get in the game before prices and interest rates begin their inevitable climb upward. If you are a seller, the message is just as simple. Now is the time.
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Sat Dec 22, 2012
Tracy Robinson answered:
You can find the answer in your add all three counties then divide for your %. There is enough work to keep you busy working the expires. Good luck.
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Tue Oct 30, 2012
Judi Monday, CRS answered:
I agree with Annette--the question is not whether the system will work, it is--are YOU willing to work the system for the desired outcome. And perhaps the most important question of all is do you really need to pay for a system to do what you know needs to be done to grow your business? Each time I think I need a "system" I am forced to evaluate what I'm doing and often find that I have grown lax in doing what I know works. ... more
0 votes 4 answers Share Flag
Fri Jul 27, 2012
Old Realtor answered:
This appears to me to be an attempt for you to look good to sellers however if you didn't get the listing how do you know the motivation of the seller? Maybe that's why they priced lower. Over pricing is even worse for someone who needs to sell. ... more
0 votes 1 answer Share Flag
Sat Jun 2, 2012
Rick answered:
Hello John & Sheri, yes you are correct. You only get what you pay for and now a days insurance companies are raising premiums and deleting more and more coverages from home insurance policy's.

No matter if you are a first time home buyer or have owned your home for thirty years, when you home sustains damage from a sudden and accidental occurrence then you really need to understand how to protect your assets when filing a homeowner insurance claim. There are basically 5 policy types for the home. It is my professional opinion that you try to get the Special Form 3, or HO 3 policy. This is an open peril policy for property damage to the dwelling and named peril for personal property. In addition, you would want to look into (code upgrade) endorsement and a sump pump overflow endorsement if you have a finished basement.

There is a web site called (WWW.PROPERTYCLAIMTIPS.COM) that is a great resource for property owners to get all the information needed when trying to understand the claim process. After all, insurance companies are not just going to give you money and then say if you need more let us know.

AVOID PUBLIC ADJUSTER FEES and negotiate your own home insurance settlement with the help of this company. It is a fantastic web site.
... more
0 votes 6 answers Share Flag
Sat May 5, 2012
lordavis910 answered:
This is a very basic website which gives you a ball park figure
0 votes 8 answers Share Flag
Mon Jan 23, 2012
Frank Dolski answered:
So, what does this have to do with Real Estate?
0 votes 3 answers Share Flag
Sun Apr 10, 2011
Marvin Von Renchler answered:
William I just gave a thumbs up to you. Sometimes a seemingly simple problem can be very complex. I have been openly against dual agency since my first month in real estate in 1980. Even as a green agent, I couldnt see how it could be allowed.

I once listed two homes within three days. I had both sets of sellers in my office and we were all talking about some event in town when they saw each others homes on some advertising being prepared. It was love at first site for each! They simply deeded each home to each other and I charged each one 2.5% Even at that, they both made light comments about what 'easy money' it was for me but had no problems with it and didnt ry to negotiate. I could have held out for 5% each. I guess it boils down to what you consider fair and how much work has to be done. If you divide the commission by the low hours spent, you are pulling in mega bucks per hour. I know we all have expenses but come on.

That said, Ucar, there is a value in all the events that lead to this transaction. It wouldnt have happened if the cards had not played out that way, and another way to look at it is you are LUCKY not to have had to go through all the normal marketing, wondering, negotiating, etc. The agent has to represent you and make sure all goes well. How much would that cost if you paid a lawyer $250 an hour?

Im sure you both can reach a reasonable and equitable agreement on fees if you both subscribe to the Golden Rule.
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0 votes 13 answers Share Flag
Thu Jul 1, 2010
Gita Bantwal answered:
Brooke, You have received good advice from others. You should first go to the township and you will get a lot of information.
0 votes 3 answers Share Flag
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