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Home Selling in Orange County : Real Estate Advice

  • All336
  • Local Info10
  • Home Buying183
  • Home Selling27
  • Market Conditions5

Activity 288
Yesterday at 11:20am
UpNest Top Realtors answered:
We created UpNest (http://www.upnest.com) to help home sellers get the best value possible. All you have to do is submit a few details about your home, and we'll invite several top local agents to submit proposals to you. Since agents are competing to earn your listing, they bring out their best commission rates and value added services, saving you a lot of money. There's no risk to try us at all, and it's completely free for you. http://www.upnest.com Good luck! ... more
0 votes 132 answers Share Flag
Fri Jul 21, 2017
Kathy Burgreen answered:
Yes you will need to pay for the repairs. What you can do to recoup the $6,000. is when you sell your home, use a "Flat Fee Broker" or sell by owner. This way you save the commission fee which equals $6,000. or more. Google "Flat Fee Broker" and make sure the realtor has full access to your local MLS. Flat Fee realtors means you pay a small fee to list your home in the local MLS, BUT you are in full control for marketing, disclosures, deadlines, negotiations, contract, etc. Most sellers will use a Title company or real estate attorney for disclosures, contract, etc. and the seller handles negotiations, marketing, etc. You save about 3% commission fee by not listing with a full service brokerage. Sellers are required to pay a commission to the buyers broker - about 3% which is negotiable. This is per MLS rules. Still, it is a savings. The huge advantage to you is realtors take their buyers to homes listed in the MLS because they will be paid. If buyers want to see homes not listed in the MLS, that realtor needs to negotiate with the seller to get paid a commission. This is challenging because not all sellers will pay a buyers broker their commission. However, if your home is listed in the MLS system, it's required that you do pay for the buyers broker commission.

The other option is to sell by owner without the Flat Fee service. This is more difficult because agents will take their buyer clients to see homes listed in the MLS - not yours, so this option will be challenging.
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0 votes 1 answer Share Flag
Thu Jul 20, 2017
mdowling56 asked:
$6000 worth of termite repairs done despite the buyer have not cleared any contingencies yet. This was done on the advice of our realtor.
0 votes 0 Answers Share Flag
Wed Jul 12, 2017
Rich Reed answered:
HI, Cyndi, from the CA Tenant's Guide: "If your landlord voluntarily sells the rental unit that you live in, your legal rights as a tenant are
not changed. Tenants who have a lease have the right to remain through the end of the lease under the same terms and conditions."

Is your lease extension in writing?

Hope this is helpful!
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1 vote 1 answer Share Flag
Sat Jul 8, 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 2 answers Share Flag
Tue Jun 20, 2017
Nicole Fedorchek answered:
Units similiar to this one are selling for $290-295k. There have been 6 recent sales in this floorplan. Thinking about selling? call me for your free consultation!
Nicole
0 votes 1 answer Share Flag
Mon Jun 12, 2017
Nicole Fedorchek answered:
Full bath= tub/shower combo (or separate), sink, toilet
3/4 bath= tub OR shower, sink, toilet
1/2 bath= sink and toilet only
1/4 bath= sink only
0 votes 15 answers Share Flag
Wed Jun 7, 2017
Connie Quinn asked:
I am the listing agent. Can an LLC buy a the co-op and then flip it? My email is 1conniequinn@gmail.com
0 votes 0 Answers Share Flag
Mon Jun 5, 2017
Rich Reed answered:
You may be able to negotiate with the buyers to have the repairs completed after close of escrow by holding back sufficient proceeds from the sale in escrow to complete the work. If the upgraded building codes are a point-of-sale requirement in your jurisdiction, this option might not be available. Talk to your Realtor.
Hope this helps!
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0 votes 1 answer Share Flag
Fri Jun 2, 2017
Rich Reed answered:
Sorry, Maria, CAR says, a salesperson cannot act as a real estate agent or perform other services requiring a real estate license unless his/her license "hangs"; with a broker and the activities requiring a license are performed under the supervision of that broker.( B&P 10132, 10160; Cal. Code tit. 10, 2725, 2753.)
You will need to hang your license with a broker or get a broker license yourself.
Hope this helps!
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0 votes 1 answer Share Flag
Tue May 16, 2017
Jesu49 answered:
You equity will be low. You interest rate will be at its highest as it is paid on the front end of the loan. You will have lost your closing costs with your purchase and will have to pay again for your new purchase as well as your inspections, etc. You will have to pay the realtor commission when you sell. Figure up your losses and out-of-pockets on selling your house and purchasing a new one. Then decide if you can afford to sell and repurchase and if the loss is worth it to you. ... more
0 votes 26 answers Share Flag
Mon Apr 24, 2017
DanielJoe asked:
Seems to me Ladera and some of Orange County is reaching a price pinnacle; not to say the bubble is going to burst, but the price surge has tempered - seeing lots of price drops; what are…
0 votes 0 Answers Share Flag
Mon Apr 3, 2017
Rosswilason234 answered:
Depends upon the buyers requirements. Your home will be of more value if some other type of heat source like wall furnace would be installed. Heating contractors install, service, and repair home heating units. Best advice and pricing tips can be gathered from the residential heating NJ (http://allweekheating.com/) professionals. ... more
0 votes 3 answers Share Flag
Tue Mar 14, 2017
Nicole Fedorchek answered:
Hello! If what you are stating is true, this is a potential breach of contract, and thus, you could cancel the contract. The first step would be to address the situation with his broker (unless he IS the broker). Have proper documentation that he is indeed refusing to show it. (text messages, voice mails, emails).
Once its cancelled, call me! I would be happy to assist you with selling your home.
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0 votes 2 answers Share Flag
Mon Feb 27, 2017
Sandie7beach answered:
We are selling our home the new owners want everything out of our house before they sign the documents if so how many days do we have to be out before we turn in the Keys. They want to do a walk-through when the house is empty ... more
0 votes 15 answers Share Flag
Mon Feb 27, 2017
Rio answered:
First of all, when hiring an agent, it should be agreed, in writing if needed, to terminate the listing if you are not happy. Some will ask for an advertising fee up front that is non-refundable if there is one. Ask the broker in charge. They will probably try to ask you to let them put another agent on the listing, but, tell them no if you wish. Also, ask about the license # on your contract. Otherwise, another agent with the correct 3% commission for the buyers agent shows you are giving the company a chance. If you are not satisfied with the answers you get tell them to come get their sign and lockbox. Larger companies are not always the best. A "top selling" agent with a team is not always the best choice either. Customer service seems like it has gone out of style, but, after 22 years of being a Realtor myself, I know it should still be the number one objective. ... more
0 votes 25 answers Share Flag
Sat Feb 25, 2017
Nicole Fedorchek answered:
She is following the listing agreement, so it is legal. Ethically, it slightly wrong!
Nicole
0 votes 2 answers Share Flag
Sat Feb 25, 2017
Nicole Fedorchek answered:
Seriously! Major violation of our Code of Ethics! First step is to contact your agent's broker. If you are not satisfied after that, contact the California Bureau of Real Estate. bre.ca.gov ... more
0 votes 1 answer Share Flag
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