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College Station : Real Estate Advice

  • All87
  • Local Info10
  • Home Buying28
  • Home Selling0
  • Market Conditions1

Activity 53
Wed Oct 27, 2010
Ashley Ralph answered:
I'd say it's definitely on the rise. Some of the best doctors from Houston, Waco, etc. come here to perform surgeries and see patients. I don't know if we quite fit the "major medical center" title, but I think that the health care in this area benefits greatly from the convenient location to major cities.

Great Question!! :)
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Fri Aug 6, 2010
Mike Kubica answered:
Sherry: Depends on how much experience this agent has. He/She is definitely in violation of the REALTOR Code of Ethics and probably in violation of the RX RE Commissions rulers. If the agent is fairly new, you might take the opportunity to educate by pointing out that failure to disclose material facts could create some real problems with his/her license. If the agent is experienced and makes a habit of this type of think, I'd file an ethics complaint with the Board of Realtors (if he/she is a Realtor) and would consider a complaint with the RE commission. He/She is definitely not acting in the best inerest of his/her client as he/she is opeining the seller up for some litigation when the facts become know to the buyer.
As far as the sale you lost, there's not much you can do about that at this point unless the deal falls through.
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Wed Jun 23, 2010
Anna M Brocco answered:
The most desirable neighborhood is the neighborhood where you get a sense of belonging and your comfort level can be reached-- do keep in mind opinions are often subjective--it's best to do your own homework first and see what suits your lifestyle best--as for resale--areas change all the time and unfortunately, none of us knows where the market will head in the future. ... more
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Wed Mar 23, 2011
Paul Demontesquiou answered:
Hi:

Yes Latonya. Here is what you should do:

1. Write a certified letter demanding that the work be done.
2. Wait a reasonable time and then repeat the letter if you get no response.
3. If there is no response, contact your governmental licensing board and complain.
4. Make sure you have proof, by photos, papers, contracts etc. to show what was supposed to be done and
what was not done.
5. They will investigate,
6. Contact an attorney and see if for a reasonable fee he will make legal demand to finish the work.
7. I hope this helps.

With kind regards,

Paul deMontesquiou, Esq/Broker/Builder
Charlotte, North Carolina
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Mon Oct 26, 2009
Chris Tesch answered:
Sorry Wanive,

I'm haing difficulty understanding exactly what you're saying here. Do you mean that a representative of Fannie Mae's signed the closing paperwork or just the contract? Typically with Foreclosures the closing statement goes out to the representative at least 48 hours in advance of the closing to allow time to go over the statement.

I would be highly unusual for them to do anything to increase the closing costs. Perhaps the title company missed something in the contract or addendums that they picked up on or there was a misunderstanding in the first place.

Hopefully you got this resolved and closed. Somehow it apparently didn't come across anyones email for a while. I apologize. If you still have questions don't hesitate to contact me directly.
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Mon Oct 26, 2009
Janine Love answered:
That is a question between you and the seller of the home that you just purchased. Hopefully, you have a temporary lease agreement for the seller of the home, but you should definitely discuss this with them. Congratulations on your new purchase! ... more
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Wed Aug 12, 2009
Bruce Lynn answered:
Check out http://www.bankrate.com/calculators/mortgages for the mortgage calculator. It would likely save you about $1000 at 6% interest.

Congratulations.
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Wed Jun 24, 2009
Mattye P. Smith answered:
Hi Eugene,

I'll be happy to assist you....tell me a bit more about what you would like to do. Are you interested in purchasing this property?

Best regards,

Mattye P. Smith
Realtor

American Realtors
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Fri Oct 9, 2009
Pam Winterbauer answered:
Mom....can you provide the street address for the property listed?
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Mon Nov 14, 2011
Dallas Texas answered:
You will never have a definite answer too that question it is all relative good agents list the home based on the market value .
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Thu Jan 14, 2010
Dallas Texas answered:
FEW SUGGESTIONS:
a) purchasing a home is a tax write off
b) property values will go up in 3 years not only do you get a tax write off you make money on the home
c) you might want to consider a foreclosure therefore you make additional money on your purchase.
d) You need to be pre-approved prior to working with a realtor therefore a realtor can effectively work with you.
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Sun Mar 5, 2017
J Lo answered:
Kristin:
You are not responsible for paying the agent. Typically, all fees are paid by the seller. Your seller is represented by his/her agent. They aren't representing you. There are alot of behind the scenes transactions that will happen and your agent will need to be present and alert to conditions within a resale home or a new build.

In your posting you mentioned the builder. Please - do not be swayed into leaving the agent behind. Use this agent to your advantage where the builder is concerned. You need to be represented - throughout the process.

When I say USE the agent - I mean it in the literal sense. You can let him/her sit back and wait for the commission check, or you can contact the agent with all and any concerns - get data on homes sold and appropriate price points for the homes you are interested in.

Your agent has a wealth of information at your fingertips - all you have to do is call. Don't go in blind when making an offer.

Do you know inspectors or house appraisers by reputation? Your agent surely does. Do you know how much negotiating room you have in terms of seller paid fees, etc.

Your agent is trained not only in getting you the best possible price, but knows that contract inside and out. What to look for and what to be wary of. It's money well spent - to have peace of mind at the end of the day.

Just remember - put that agent to work! Hopefully - he/she will be opening your eyes to the special nuances of purchasing a home - you never knew you never knew!

Good luck and here's hoping you find the home you can be proud of!
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Mon Feb 1, 2010
Chris Tesch answered:
Stephanie,

Good question! Around 1/4 of the homes I sell each year are for parent investors. Our dorm situation isn't erribly pleasant and there are MUCH better options out there. We have older homes that are within miles of campus that sell for the 120-150K range and will offer 3 or 4 bedrooms. We have condos that are within walking distance for 125-160K that are also 3 or 4 bedrooms. Older duplexes can be a great market as well.

If your student will be in the area for at least three years I consider this an excellent investment.
Here is a sample scenario. One of my investors invested cash in two condos. He gained 8 bedrooms out of this. He bought these condos for around 95K each three years ago. The condos are now worth around 110K. In three years he has gained 30K on his investment. Not spectacular, but not bad. He has rented 7 of these bedrooms out at a cost of $350 per month each. His son lives for free and collects the rent of $2450 per month for being the property manager and uses it for expenses and tuition. My investor is able to tax deduct deprectiation and part of his income as wages for his son.

Even if you don't have cash it can be a win win scenario with housing costs covered and appreciation gained with some tax benefits.

I can tailor a plan to your needs. Call me for more information!

Chris Tesch
RE/MAX Bryan-College Station
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