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Home Selling in Marina del Rey : Real Estate Advice

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  • Local Info3
  • Home Buying20
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Activity 8
Sat Sep 24, 2016
Gail Mercedes Cole answered:
There is an old saying "You Get What You Pay For." With a reputable established brokerage the common commission is 05%-06%. Keep in mind that commission are negotiable. Commissions on split 1/2 listing brokerage and 1/2 to selling brokerage. What do flat fee listing co. offer in comparison to an established brokerage?

Coldwell Banker Offers:

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Gail Mercedes Cole/Coldwell Banker. Professionalism combined with extensive marketing give home sellers maximum profit.

Gail Mercedes Cole
Coldwell Banker
BRE#00788828
(310) 853-9933
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0 votes 4 answers Share Flag
Thu Jan 21, 2016
Dorene Slavitz answered:
Houseboats are a specialty type of sale and usually you find places that sell boats and houseboats only. Elite boat sales or yacht world are two house boat sellers.
0 votes 1 answer Share Flag
Mon Jul 27, 2015
Cindy Davis answered:
The only one that can change you content on Trulia is the listing agent.
0 votes 1 answer Share Flag
Mon Nov 24, 2014
Dorene Slavitz answered:
It probably has to do with the lender and not the buyers at all. Many lenders have requirements for property they lend money on.
0 votes 10 answers Share Flag
Mon Aug 29, 2011
The Medford Team answered:
Let me take a shot at this:

Q: were selling as is the buyers lenders appraiser is requestin work to be done
A: As mentioned below, if the appraiser is asking for work to be done, it MUST be done before the loan funds. Sounds to me like it is a buyer with an FHA loan or similar (Fannie Mae) – flaking paint and other such repairs are very common requests from an FHA appraiser. And it doesn’t matter if you are selling “AS-IS” – it’s a loan funding condition set by the bank. No repairs, no loan. You might not like it, but that’s just the way it is.

Q: and the buyers will get us a hotel. during this time
A: Sounds like they are willing to cooperate for the inconvenience this is putting you through.

Q: do we allow this escrow isnt even closed
A: Yes

Q: and they need an extension on their loan contigency too,
A: Often happens when conditions get thrown in by the underwriter – they issue the conditions and then everyone has to scramble to get things done. Extensions are VERY common in cases like this – the underwriter wants to make sure ALL conditions will be met before they sign off on the loan.

Q: can some one help me understand why they would need to fix this and it not theirs
A: It’s a lender condition. Banks have started asking for things like this – it’s VERY common – and there is nothing you can do about it if you want to close - except to do what the bank asks. I know you don’t like it and it does not seem fair in an “AS-IS” transaction, but it’s the way it is. Peeling paint is considered a health and safety issue by many appraisers, so they want it taken care of to protect the buyers. No repairs, no loan. And it has to be done BEFORE the loan is funded. We currently have a transaction in escrow where the underwriter is mandating that flaking paint chips be fixed AND an outbuilding be removed prior to funding.

Q: not only that what if it falls through we are stuck with work that may not be up to another prospects par..
A: Do everything you can from your end to make sure it does not fall apart. If it DOES fall apart, then there is nothing you can do – there is no recourse UNLESS the contingencies have all been removed.

Q: i mean our broker already convinced us out of good faith to give them 2500 for un anticipated expenses against my better judgement help...please
A: Without knowing all the details, we cannot second guess your broker – they are there to get the deal done for you and they are your legal representatives. If they recommended you kick in $2,500, they must have had a good reason.
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2 votes 10 answers Share Flag
Thu Jan 20, 2011
Dorene Slavitz answered:
Hi Geoff,
I just answered this question for another seller. I don't like this sceanerio and I would be very careful to open my home to anyone who claims to be an agent with a buyer.
Real Estate contracts are legally binding agreements which will address all issues of your sale, including commission issues.
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0 votes 13 answers Share Flag
Mon Jul 27, 2009
Emily Knell answered:
Bottom Line: You MUST disclose what you know and should know to the best of your ability. You're not required to be a contractor or expert.

Physical condition of property, structural, roof, foundation, electrical, plumbing. Also think back & look for paperwork if you ever had to file a Hazard Insurance claim.

The sites already mentioned are good, especially the Department of Real Estate website for consumer forms. You can also check out local board, there is a consumer section at http://pwr.net

If you're going as a FSBO, keep in mind, buyers are looking for a deal & it doesn't cost a buyer anything to hire an agent & get their own representation.

emilyknell1@yahoo.com
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0 votes 4 answers Share Flag
Sun Jul 5, 2009
Dorene Slavitz answered:
Lockboxes can be purchased by licensed agents at the Realtor Association Headquarters.
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