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73118 : Real Estate Advice

  • All13
  • Local Info0
  • Home Buying3
  • Home Selling8
  • Market Conditions0

Activity 13
Tue Oct 10, 2017
Sheila Danny Beal answered:
Oh and don't fall prey to realtors that say they can help you. research everything and everyone!!!
0 votes 23 answers Share Flag
Thu Jul 13, 2017
Scott Godzyk answered:
Your listing agent can easily edit the pictures when they post your home for sale. If you are selling on your own, you do not have that option.
0 votes 1 answer Share Flag
Fri Jul 7, 2017
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

You can also find out the average commission rate for your area here: http://www.upnest.com/re/realtor-commissions/
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0 votes 11 answers Share Flag
Mon Jan 23, 2017
Nikki asked:
Fri Jul 15, 2016
Rose Wilkinson answered:
It depends on what your neighbors have that have similar square footage, bedrooms, bathrooms, year built, etc.

One of the worst things I see sellers do is upgrade beyond what the neighborhood calls for. Brand new windows as opposed to the old fashioned, pulley kind is a prime example. I fixed a house in Central Park (NW 30th and Shartel) that had the old fashioned, pulley kind windows and found that none of the houses that sold over there had updated windows, so I wasn't going to spend $8,000 dollars updating mine (There were over 34 windows in the house)

However, it is my understanding that Edgemere Heights is rather cheeky. I would go to Realtor.com and pull up interior pics of homes in your neighborhood and see what they have before you make a decision to upgrade.

Thanks,
Rose Wilkinson
www.RozBuysHomes.com
405-881-5958
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0 votes 12 answers Share Flag
Mon Jan 28, 2013
Debra (Debbie) Rose answered:
well, since this 1.5+ year old question was resurrected............JKS, if you're still here reading this - which is doubtful, please let us now if you sold your house!
0 votes 19 answers Share Flag
Mon Jan 28, 2013
Jim Olive answered:
I've seen old questions get dredged up and given a new life, but I must say I've never seen the same people answer the same question several times over several years!
0 votes 25 answers Share Flag
Fri Feb 24, 2012
Bob Willett answered:
HUD REO contracts are absolutely not buyer friendly – but then no REO contract I’ve ever seen is. The way I read the contract, the only way you as the purchaser can absolutely receive your deposit back is if the property is damaged AFTER the contract is signed but BEFORE you close. Under Section E of the Conditions of Sale when referring to damages incurred after the date of the contract where FHA financing is NOT used it states: “Seller will not repair damages but may, at the sellers sole discretion, reduce the sale price. Purchaser has the option to cancel the contract and receive full refund of earnest money deposit.”

The interesting thing is if you read Section B, it says “Purchaser acknowledges responsibility for taking such action as it believes necessary to satisfy itself that the property is in a condition acceptable to it … and agrees to accept the property in the condition existing as of the date of this contract.” But then the very next line says that “It is important to have a home inspection performed on the property in order to identify any possible defects.” So… you sign a contract that says you are buying it in its current condition, but then it says to have a home inspection. However, if you find any problems in your inspection, your only choice is to walk away and let them keep your deposit? Did I mention that this is not a buyer friendly contract?

Of course the real question is how strictly does HUD adhere to this contract? I would be surprised if HUD keeps every deposit where a home inspection turned-up problems and the buyer didn’t want to buy. I know I’ve had buyers back out and I’m pretty sure HUD never retained any their deposits. I wouldn’t be surprised if they did for investors though. I would be really interested in finding out what the outcome is in this case, and if anyone else has come across similar situations please post it.
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1 vote 5 answers Share Flag
Wed Mar 30, 2011
Rose Wilkinson answered:
Janice,
I've noticed a lot of your questions posted. It seems to me you are also a real estate investor, like I am. I do a lot of contract assignments, and I may be able to find you some great wholesale deals. Also, I buy houses if you get your plate too full, and you want to make a quick buck.

I use to recruit Realtors for a major franchise in Oklahoma City before I started in my investing career, and I would tell you anybody who is savvy enough to be on this website answering questions will probally be a good Realtor for you. But I personally use Dawn Reuter, with Reuter Realty to assist me with buying and selling my own homes. Her number is 405-340-4377 and tell her Rose sent ya! ;-) She also has a property management company.

Rose Wilkinson, 405-881-5958
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0 votes 10 answers Share Flag
Fri Jan 30, 2009
Heidi Everett answered:
I am so sorry I have not been able to find any place available. If i see anything I will let you know.
Heidi
0 votes 1 answer Share Flag
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