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How To... in San Antonio : Real Estate Advice

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  • Local Info213
  • Home Buying673
  • Home Selling95
  • Market Conditions58

Activity 10
Fri Apr 8, 2016
Deb asked:
Tue Jul 28, 2015
Sandra Merenda answered:
Alyssa, You should be able to go into your Professional Trulia account and edit the price under the My listings tab. That's where I go to add Open Houses, add my listings, and edit content. Hope that helps. ... more
0 votes 1 answer Share Flag
Sun Jan 26, 2014
Jesus Soto answered:
Hi Frankie! Every buyer and situation is different. Send me an email or call me, so we can discuss the best option for you.

V/R,
Jesus Soto
Associate Broker
2108436053
Email: jesus@930exit.com ... more
0 votes 4 answers Share Flag
Mon Sep 12, 2011
Don Groff answered:
Impossible to say. Let's just say the investor probably has a lot more market knowledge than you do and he is also looking out for himself.... not you.

Don Groff
REALTOR® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o.512.669.5599 m.512.633.4157
listings@dongroff.com
... more
1 vote 17 answers Share Flag
Fri Sep 9, 2011
Jason Campbell answered:
LOL... My fellow agents will hate me for this one!!

Here are the TOUGH questions you need to ask....

#1 - How long have you been in the Real Estate Business?
#2- Can you show me on paper how many homes you have sold in the last 12 months?
#3 - Do you own your own home now, or do you yourself rent?
#4 - Why should I use you, instead of another agent? What makes you the right choice?
#5 - How much actual hands on knowledge do you have about mortgage lending, and various programs?
#6 - Do you have references I can call right now?
#7 - Do you have a team, or are you the Lone Ranger?
#8 - Can you show me your stats... I'd like to see on paper what your percentage is on List price Vs. Actual Sales Price (See how aggressively they work to save their clients money)
#9 - Do you work Real Estate FULL TIME or do you have another job?
#10 - How much of your business comes from referrals, and again... may I call some of them as references?
#11 - How many homes have you personally bought and sold?
#12 - How many actual sales have you done in your entire career?

Ouch! Most Realtors will cringe when faced with such questions... I learned about 15 years ago.... If you don't have really SOLID answers to those questions, and you can't back up everything in writing.... You might as well put an application in at McDonalds...

Usually when I pull out the stats, and answer the tough questions, and hand out references... I hear something along the lines as "WHOAH! You don't mess around do you?" :)

On one point... I am going to disagree with my fellow agents... I would not really rely too heavily on family and friend referrals... 82% of people polled said they would never use the
agent they worked with again! 71% of people made referrals to agents only because it was the only person they knew that was a Realtor, but didn't have any idea if they were good ornot.
Buying a home is not like buying a loaf of bread. It's your largest investment.

What you really want on the buyer side is this... Someone who is a go-getter type. You want a really Tactful Vulture. You want someone who is willing to negotiate hard to get you the best
price, get the seller to pay your closing costs, get the seller to make repairs, anything they can do to get you a better deal. They need to know about all the lending programs out there..
You don't want to miss out on a program you might qualify for simply because your agent was not aware that the program was out there! Have they done bond programs? Texas Vet, NACA, HIP, PIC, HART,
or other City, County, or National down payment assistance programs? Do they know how USDA works and which homes qualify and which ones don't? Can they show you on paper how many of these
programs they have actually used and their buyers have closed?

You will find that not very many can answer these questions, and vast majority of them have no clue about half of the programs I just mentioned...

But.. that should give you enough to make you dangerous :)

Jason C Campbell
Realtor / Mortgage Loan Officer
Keller Williams Realty
210-389-5266
www.SAHomeExpert.com
... more
0 votes 21 answers Share Flag
Thu Dec 17, 2009
Josh M. Boggs answered:
Need a Home,

Subject-to deals are happening more and more, but the ones taking over the notes are like Cathy mentioned "investors". Usually this is because they don't have a fiduciary to the seller so if the bank did decide to call into effect the "due on sale" clause; the investor will usually point out to the seller that they were fore warned and it's just unfortunate. Also investors know their exit strategy and holding period and can take the risk by not closing at a title company which would have given them a title policy insuring clear title. Too much risk is out there for a single residential buyer that is simply looking for a home.

Of course, they are still being done. Usually if you can find a distressed home owner that is far behind, if you contact the bank usually the "assumption" department, you may find that if you have the full amount of cash to bring them current; they may just allow it. But that is VERY rare!!

You should probably align yourself with a Realtor that is experienced and knowledgeable in both the "inside the box, class-room taught" traditional method of real estate AND the "outside the box, creative and profitable" non-traditional methods of real estate if you truly want to see the pros and cons of something like what you are looking into.
... more
0 votes 6 answers Share Flag
Fri May 29, 2009
Dominick Dina answered:
Hi Butterfly,

Just to clarify some of the comments made by myself and other Texas real estate agents: we are not allowed to provide legal advice. It is a violation of the law governing our licensure. We pay close attention to advice given so not to have our license placed in jeopardy. Just so you know. We do not want you to spend more money than is necessary.

Best,

Dominick Dina, Brokerr/Owner
... more
0 votes 5 answers Share Flag
Mon Mar 23, 2009
Dominick Dina answered:
Hello Jie Xiao,

Using a real estate agent is the fastest way to find homes and gather information. We use the Multiple Listing Service (MLS) from our local Board of REALTORS® or SABOR. We can usually give you some prospects within minutes.

Also look on-line at many of the places to find homes such as here or Hotpads.com, Craig's List and others. Local agents also have rental properties on their web sites.

Let me know if I may be of any further assistance.

Best wishes,

Dominick Dina
Broker/Owner
... more
0 votes 4 answers Share Flag
Mon Aug 18, 2008
Voices Member answered:
Spammer Alert........................................................................................
0 votes 6 answers Share Flag
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