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Robinson : Real Estate Advice

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  • Home Buying2
  • Home Selling0
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Activity 5
Tue Nov 11, 2014
Scoggins Real Estate Team answered:
Location+Price+Condition= a sale! In order to get people to view your house you have to consider the location, condition and price. You can't do anything about the location but you can with the price and condition. When listing a house, you have to make sure its in its best condition. Price is so so so important. It has to be priced right if you want to get people in the door and get it sold fast. You should take a current CMA and price it from that! ... more
0 votes 8 answers Share Flag
Sun Apr 21, 2013
Ron Thomas answered:
Lease/Option
You are desperate!
Your Credit or Finances, or both, will not allow you to go the conventional route:
You need the Seller to help you out!

The Seller will know it, and you are going to pay dearly for this service:
There aren't too many altruistic Sellers out there.

There is no FORM printed by anyone; there are just too many variables.
The terms that can be written into a Lease/Option can be dangerous to you:
How long is the Option period?
How much money are you putting in to the Option?
What happens if you are not able to execute the Option?
How do you know what your financial situation will be 2-5 years from now?
How much is the rent in the meantime?
Who will be responsible for maintenance and repair in the meantime?
What will be the Market Value of the home in 2-5 years?
What will be the Selling price 2-5 years from now?

This is the Ultimate Caveat Emptor!

Good luck and May God bless
... more
0 votes 1 answer Share Flag
Sat Aug 4, 2012
Ron Thomas answered:
Lease/Option
You are desperate!
Your Credit or Finances, or both, will not allow you to go the conventional route:
You need the Seller to help you out!

The Seller will know it, and you are going to pay dearly for this service:
There aren't too many altruistic Sellers out there.

The terms that can be written into a Lease/Option can be dangerous to you:
How long is the Option period?
How much money are you putting in to the Option?
What happens if you are not able to execute the Option?
How do you know what your financial situation will be 2-5 years from now?
How much is the rent in the meantime?
Who will be responsible for maintenance and repair in the meantime?
What will be the Market Value of the home in 2-5 years?
What will be the Selling price 2-5 years from now?

This is the Ultimate Caveat Emptor!
... more
0 votes 2 answers Share Flag
Sun May 29, 2011
Susan answered:
First, Check the Appraisal Office in your county- just enter "McLennancad" into GOOGLE, and see what the MARKET price is for your home. A lot of Real Estate Agents are trying to seel property ABOVE current market price, hoping to get a larger comission.
Second, do NOT lower you price - instead bait your OTHER hook - namely the AGENT'S hook. If you had instead offered the "SELLING AGENT" a bonus of $5,000 to sell the home within 90 days of listing your home on the market, I can almost guarantee it would be sold within 90 days - as long as it is in good condition and not missing anything like a bathroom, etc.
Since Agents work on COMISSION, 99% will work hardest to sell the homes with the largest commissions. I know I sold Real Estate for a long time - I did well in this field, because I did not care about the COMMISSION - I was more interested in finding the RIGHT home for the RISHT people, and when you do THAT, the commissions will fall into place, and you will do really well - even in a bad economy!
... more
0 votes 9 answers Share Flag
Wed Sep 9, 2009
Rachel answered:
contact a local agent to get you in or if it is a foreclosure go to the ban
0 votes 1 answer Share Flag
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