There are a lot of good agents in our area. The listing agent may very well be one of them. The only thing to be aware of is that the listing agent has an obligation to represent the interests of the seller. That doesn't mean he or she can't help you too, but it might be a good idea to have your own representation. Since the seller normally pays brokerage fees in a transaction, it wouldn't cost you anything to have your own agent.
Hope that helps!
Brian Loney, owner/broker
Move in Motion - Modern Real Estate... more
If you do a land contract, you have sold it. Buyer gives you a down payment and monthly payments
with interest. When paid in full he gets a deed from seller. You can put a balloon clause in the contract which
calls for the buyer to pay off or refinance within a certain period of time, for example 2 or 3 years.
Interest rate is always more than a bank would charge. It can be a good solution for you if the buyer is
good. Don't do it without a REALTOR or attorney. Check buyer's credit before committing to a land contract.
Renting with an option to buy is totally different. This is not a sale and the renter has no obligation to buy.
If you rent, it gives you an income. Adding an option to buy limits your ability to sell until the option period runs out. If you include an option to buy, make it for a limited period of time.... more
Like cars there is no replacement for displacement, when it comes to lake properties there is no replacement for water front... No negatives to buying lake front except price. Non lake front properties are no where near as desirable to buyers.
That is a good question. Unfortunately, there aren't many good public sites for that kind of specific search. Even the local Fort Wayne MLS Public Site lacks in that regard. The best way I know to make that kind of search is to call a trusted REALTOR. They have additional tools available to them that make this kind of search possible.If you are not currently working with an agent, I would be happy to assist. Feel free to call me any time at 260-579-1516.... more
In this market, in my opinion, I think that it would be very wise to purchase with cash and I do not think that there are any cons. If you had good credit there might be a couple cons by not being able to take advantage of leverage at low interest rates.... more
Without many details--before considering another purchase, do protect yourself and any other assets you may have, consult with an attorney who specializes in real estate, he/she can best advise as it relates to your specific situation...accurate advise can protect you from future problems...... more
If you have paid your Spring and Fall tax bill for 2010, then your taxes are paid up to date. However, you need to take into consideration that we pay taxes in arrears in Indiana. That means that the taxes that you paid this year are really the 2009 taxes, payable in 2010, and that the taxes accrued in 2010 are payable in 2011. This is why when you sell a home in Indiana, and the taxes are prorated, you owe taxes through the day of closing, even though they aren't actually due until the following year. Let me know if you have any other real estate questions.
Why wouldnt you want to compensate your agent if he/she does in fact sell your home? Your agent should have had you sign the extension, as in Indiana only contracts that are signed are binding. However, as a Realtor myself, I dont think you fully understand that your agent works on commission only. There is no hourly wage, salary etc... Your essentially asking how to do I use a Realtors services without paying him/her for their labor. If you feel your agent hasnt properly represented you or met your expectations, then at this point your able to seek out other agents or do a FSBO. I wouldnt recommend that you continue to lead on your current agent, if in the end your plan is to stiff him/her on a commission. Would you like to go to work for the next couple of weeks, to then have your employer tell you, well you know, you didnt fill out this employement form correctly, so technically we dont owe you any wages. Sorry, but thanks for all your hard work!... more
You are asking some questions that need more detail to help you in answering them. For instance, are you moving across town or across country? How many rooms of furniture will you be moving? You might want to call a moving company for an estimate or a "Pods" type company & hire your own movers to load & unload the containers. I've done this a couple of times & found this to save quite a bit of money.
We have no idea of the size of the home you are talking about, could you include a link to the property?
If you are serious about the property, having a good inspector will be very helpful. Are you working wit a Realtor? They will be very helpful as well in directing you to inspectors & handymen to help you.
Wow! That is a lot of information to absorb, Are you representing yourself? Or do you have an agent of your own? You need to talk to them, and if you are representing yourself, you need legal counsel, see the thing in a forum like this is we cannot see the contract, the addendums etc we cannot advice you on legal matters. We can however refer you to legal counsel. legalhelpers.com might be a good place to start...to many unknowns in this questions you need additional assistance that noone on here is going to be able to provide, contact your realtor, their broker and when all else fails legal counsel.
Good luck sorry your home buying process is less than exciting... more
If you continue from here, you have given the perception of being "OK with everything". Short sales are not friendly transactions but your agent should have been coaching you better. If you don't yet have bank approvals, you should not have gotten inspections. AND you don't have a fully-signed contract which means the 2009 tax credit is not an option for you.
Sounds like BOTH agents are rookies. Fire your agent or set the precedent that you're "OK".... more
If your property in question is listed for sale and if you have an agent, he/she can update the information for you--just ask--or you may wish to contact Trulia's customer service directly and inquire-- customerService@trulia.com... more
There are a coupleof inspection services I have had great experience with Jack, but if you were to pin me down to my favorite, it would be Aardvark Home Inspectors in Fort Wayne. Joe and his team are most thorough in their inspections, communicate on the buyer's level, and provide clear and concise documentation and pictures in a nicely produced binder.
Call or email me(email@example.com) if I can help you further.... more