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Home Selling in Redwood City : Real Estate Advice

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  • Local Info9
  • Home Buying38
  • Home Selling8
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Activity 11
Tue Dec 27, 2016
Angelica P answered:
Hi,

I have emailed you regarding your concern.



Thank you for using Trulia!

Angelica
Trulia Consumer Care
0 votes 1 answer Share Flag
Thu Apr 21, 2016
costumesociety asked:
Fri Jan 30, 2015
Derek Jones answered:
You do not need to pay a Realtor if you sell by owner. If a Realtor assist you they will want a commission. Typically when you hire a Realtor they will charge you x commission to sell your house. That commission gets split between the listing and selling agent. So if you sell your house for $500k and agree to 5% commission, that mean listing broker gets 2.5%($12500) and selling broker get 2.5%($12500). Commissions are negotiable and can be a percent or flat fee.

Good luck with your sale.
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0 votes 4 answers Share Flag
Thu Oct 8, 2009
The Medford Team answered:
Mary:

We use staging for all of our listings – in fact, we believe staging is so important we started our own staging company. In addition to our listings, our company is now used by other area Realtors as well. As you can imagine, there has not been as much demand for staging in the past year because the majority of sales in our area have been REOs. This is now changing and, as normal sales are entering the market in larger numbers, staging volume is increasing as well. There are a number of staging companies that have gone out of business over the past couple of years, but we anticipate a resurgence as the market begins to stabilize.

Our stager was trained and certified by Barb Schwarz (www.stagedhomes.com) and has the ASP and IAHSP credentials. www.thenextstages.com

Here are a couple of posts that may be helpful:

No Stage, No Play
http://blog.homegain.com/home-improvement/no-stage-no-play/

How To “Play” Against REOs With Your “Normal” Sale – A Critical Factor Required To Win
http://www.trulia.com/blog/carl_medford/2009/04/why_you_need_the_best_st
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0 votes 1 answer Share Flag
Tue Jun 2, 2009
Don Tepper answered:
Good answers already. And just to emphasize two points: Commissions are negotiable (as you know), and customs and practices tend to vary by community.

However, IF, hypothetically, the most common commission rate for your area is 6%, with 3% to each agent, then your agent is already doing you a favor by reducing his commission. Some agents wouldn't do that. Similarly, when representing a buyer, many agents would prefer a 3% commission to a 2.5% commission. That doesn't mean they won't show your property, but they might suggest viewing other properties first.

One thing a lower commission can suggest is that it might be more difficult to deal with a seller, that there may well be glitches and problems with other areas of the transaction. It can also suggest that the seller isn't really all that interested in selling. It certainly can suggest that the seller has less flexibility in price negotiations, and that can be a real deal-killer especially if your home isn't already very attractively priced.

So: Do whatever you wish. Just recognize some of the trade-offs for what is a 1/2% savings on the commission--all of, let's say, $5,000 on a $1 million property.
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0 votes 10 answers Share Flag
Sun Feb 1, 2009
David Tapper answered:
Getting an inspection is one thing, understanding it is another. I use Paul Acklin with Inspectech because he has a unique way of explaining things to buyers. Communication you can understand. He does pools and spa's, and is also a former roofing contractor so you actually get a roof inspection without paying for one.

Another great thing about Paul is he is always available to go over your inspection if you have questions later. Whether it's a week later or 4-5 years later.

Paul's number is 800-285-3001, cell 650-520-5676.

Dave Tap Tapper
Realtor
Cashin Comany
www.Davidtapper.com
650-403-6252
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0 votes 4 answers Share Flag
Sun Jan 4, 2009
Dallas Texas answered:
WOW, WOW, speak with your listing agent or listing agent broker regarding behavior of buyers agent. IF ALL IS TRUE would need a signed authorization from you (seller) to have any work completed on home indicating specifications, date, time and etc.

Formal notification would be sent to board and state. Listing agent could provide you those locations contact numbers, address
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0 votes 8 answers Share Flag
Mon Dec 22, 2008
Chuck Gillooley answered:
Brian,

Keith is correct -- there's no impact when you're selling. You can't draw any reasonable conclusions by comparing "assessed value" with "market value" because Prop 13 caps any increase in assessed value to 2% per year. Consequently, many homes are worth more than their assessed value, even in this lousy economy.

Whoever buys your home will get a supplemental tax bill that will bring the assessed value up to the new sales price. It sounds like you already researched the "Decline in Assessed Value" route with San Mateo County, but if you haven't, here's a link that will get you to the online application: http://whiteoaksblog.com/2008/12/16/reducing-your-property-taxor-maybe-not/

Best of luck!
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0 votes 3 answers Share Flag
Sun Jul 20, 2008
Keith Sorem answered:
Phil
What does your REaltor advise? We ethically should first encourage you to talk with them. I am concerned that you are posting this question here. YOur next next questions also concern me, about how to review the offers.

Are you listed with an MLS Entry only or limited service broker?

A word of advice:
We don't know you, your personal situation, nor your market, nor your property. This is not legal advice . If you need legal advice consult an attorney.
IMHO your problem is that if you need to post a question to ask such basic questions, what will happen when the serious negotiating starts? A mistake could be very costly.

The aforementioned answers are trying to be helpful, however every experienced Realtors can run into challenges with Multple offers. I would prefer that these answers do not provide you with a feeling of security. Get competent legal advice from someone that knows you, your home, and your market.
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0 votes 7 answers Share Flag
Wed Aug 15, 2007
Deborah Madey answered:
Hi Jennifer,

I suspect that Ed makes much more than $2/ hr on an aggregate total hours worked per year.

But I would feel safe in saying many Realtors have exited transactions many times upside down or at $2/hr or $3/hr pay. I also know of several Realtors who work an average of 40 hrs/wk (one week 25, another week 55) whose year end income after expenses would be less than $10/hr, and some less than that. That is not much pay for risk, liability, and on call nights & weekends.

I have definitely been upside down in a transaction before, or had my income for a transaction be negligible.

The concept that all Realtors are rolling in $$$ is a myth. Yes, some Realtors make a very nice living.
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