This is very old question but I'll add my thoughts. I've been exclusive buyer's agent for 21 years....the vast, vast, majority of real estate agents are ethical people. But brokerages keep their lights on by hiring agents and charging big desk fees and commission splits. Most don't care who they hire as long as they can pay the monthly fee. And since it's not that hard to get a real estate license, a lot of unqualified people become agents.
When you want to BUY without getting ripped off, hire an Exclusive Buyer Agent to represent you. EBAs represent homebuyers only so there is no conflict of interest to jeopardize your negotiating position. Visit http://naeba.org for a referral.
Don't Let Them Make a Monkey Out of You! Follow the links below.
It depends on what your definition of cosmetic repair is and how big your standard home is. Some area's your standard home is 2000 sq-ft while others the standard home is 1000 sq-ft. Some investors calculate rehab cost as anywhere from $20-$40 per sq-ft of the home.... more
we want to purchase another home to down size, and this home we live in is on the market for sale we do not have a mortage on this home it is free of debit.can we use our home as collateral to purchase the other home.... more
Trulia isn't in real estate , they are in advertising and your question is unlikely to get any response other than from some con artists. As for buying foreclosures this is also a bad idea, as I can assure you there are no deals to be had in foreclosures. It's a seller's market, banks are greedy and all you're going to do is expose yourself to additional risk Anyone who tells you buying foreclosures is a good deal simply has no idea of what they are talking about. I've been flipping homes for more than 35 years and have never once bought a foreclosure despite having a professional designation as a specialist in foreclosures. Read the link below.
In terms of finding someone to work with I'd suggest reading this article: http://mynchomes.com/2011/02/07/whos-looking-out-for-who-why-you-want-a-buyer-broker/
Then click on the Browse link in the green bar at the tip of every trulia page and go to Agent Directory and then enter the zip code of where your interested in buying and you'll get a list of some of the top realtors working in that area. Then pick up the phone and start interviewing some till you find one you're comfortable working with... more
You just need to work out an agreement of what to sell it for. Then finding someone to buy your 1/6 share will be difficult since the only ones that would have any interest in that would be the other 5/6 of the owners. They would be the only ones that would buy it. As an owner it takes ALL owners to sign if the house is ever sold, then is when you would get your 1/6 of the value unless one of the others pays you for it now. Then just get a lawyer to remove your name from the deed with a quit claim deed or some legal document when they pay you the agreed amount.... more
As far as helping to steer you in one direction or another us realtor's cannot do that. There are sites like crimereports.com to check crime in certain areas. Google maps can check your commute between the two. It's usually always best to drive by both neighborhood during different times of the day/night to get a feel for it.... more
Great article. Thanks for the info, you made it easy to understand. BTW, if anyone needs to fill out a rental agreement, I found a blank form here http://goo.gl/jDpaHr. This site also has some tutorials on how to fill it out and a few related forms that you might find useful.... more
I love the East Elk Grove area! Good neighborhoods and excellent schools...Some of the best in Elk Grove...Albiani Middle School and Pleasant Grove High School.
Coldwell Banker... more
Sheesh. I think the realtors who respond here don't think we are capable of doing anything on our own.
In your app, do a search of Elk Grove. Change you options to match your current home. At the top, select "sold" instead of "for sale". At the bottom, there is a "more" button. There you can go back as far as nine months. Homes up for sale in Jan probably closed in Feb or Mrach. I hope that helps. One thing the app can't answer is how much inventory the area has and how long homes are typically on the market.... more
The original post is from 2010 but answering this question can still help buyers today.
I actually just dealt with this very scenario last week and the resolution was simple. The appraisal came in at $225,000 and our contract was for $230,000. I represent the buyer and another agent that posts here on Trulia has the seller. (Hi Pam!) We talked and quickly had an addendum signed lowering the price from $230k to $225k. Things work out when you have a group of people with a common goal.... more
Since it seems like you are looking to eventually own a home, have you talked to a lender yet? I would recommend talking to a lender to first check if you can currently secure a loan, if not most of the time they can refer you to a credit repair company to improve your credit. My wife was kinda in the same boat as she thought she had poor credit but was actually able to quality for a loan.... more