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Home Selling in Orange County : Real Estate Advice

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  • Home Buying16
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Activity 2
Sat Jan 7, 2012
Daniel Klein answered:
always compare apples to apples. If the desk fee is high, maybe the split is good. I would rather pay $600/month desk fee and get 100% of my commission, than pay no desk fee and get 70%.

It boils down to how much money you want to make. Get the highest split, but you may be responsible for your own marketing. MLS statistics that I do every month on the areas that my firm covers, show that it really is a toss up between agents, and not the companies. Between KW, Coldwell Banker, and Sotheby's, they transact 40% of the business, but their agents on average do not out perform their independent peers.

Go figure.
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Thu Nov 25, 2010
Robert Newsom answered:
•Hardship letter
•Tax Returns
•Bank Records
•HOA, Property Taxes and other pertinent outlays associated with the property.
•Copy of Mortgage statements, liens or other monies owned on the house.
•Put out the word. Let everyone know you need to sell the home – fast. Use works like ‘motivated seller’ or “distressed homeowner” to indicate a willingness to work with buyers able to provide a fast closing.Contact the lender to let them know your situation. Perform maintenance and upkeep as you are able. If finances are an issue, try to make the property appear as attractive and well maintained as possible.
•Create a list of what you need the most from this deal. For example, if you need a fast closing avoid bankruptcy then say-so when speaking with the agent or potential short sale buyers. If you need a new place to live or rent after closing then mention that as well. Often these items can become part of the negotiation process to help make the deal work.
•Identify personal property prior to accepting a final offer. If you intend to take the appliances be sure to specify this in advance. Likewise, it’s important to bring all items that will remain with the home (good and bad) as well as be removed from the home prior to entertaining offers.
•Make a folder of all contact information and paperwork. Keep it accessible when speaking with real estate agents or potential buyers. Remember, everything must be in writing and never sign something you don’t fully understand.
•Avoid entertaining multiple offers all at once. While this might seem like a good way to increase the odds of a successful sale, it often creates unnecessary delays that could result in your losing the home or growing farther into debt. Instead, ask to see proof of financing or other indication of a quick closing.
•Keep it realistic. Even the most reputable short sale offer is likely to be somewhat slow given the large number of sales currently going through the system. A lot of sellers are searching for solid short sale offers so increase your odds by responding quickly to all inquiries and remaining patient throughout the process.
•Start Early. The sooner you start the better the odds of sellinf your home before it becomes critical or urgent.
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