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How To... in Dallas County : Real Estate Advice

  • All137
  • Local Info17
  • Home Buying61
  • Home Selling12
  • Market Conditions2

Activity 18
Fri Apr 13, 2012
answered:
With an existing "used home" purchase, if something is uncovered during the inspection, you can negotiate with the seller to have these things fixed before closing. This is helpful for those who have smaller down payments, as apposed to lowering the purchase price and doing the work yourself. When you are dealing with a bank who is taking less than they are owed on a home, and have to pay the realtor commission and certain other fees out of the amount of the sale, they are not going to bring anyone in to fix anything. ... more
0 votes 11 answers Share Flag
Fri Nov 21, 2014
Jeremy Garcia answered:
They are all horrible. I hope you have deep pockets because the banks dont pay invoices for months and they will try and get out of payment all together. My girlfriend went to work for one that closed down because bank of america owed the company 2.7 million dollars for properties they were maintaining all the way back to 2007. You will get whipped like a dog and left to starve. Good luck. This is why there is a high turn over rate in that industry. ... more
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Thu Dec 15, 2011
Kim Nwachukwu answered:
9 out of 10 residential lease options do not close. Why? You have to have a sale price NOW - and if that sale price won't appraise when the option is done the property won't be financed. The contracts need to be written by attorneys to stand up - and they are fairly complicated documents. Do you own the property outright, or is there a lien against it? With no lien you could owner finance, still a hassle but less than a lease option.

Not everyone is well suited to be a landlord - and both of the scenarios have a touch of that in them. The other factor in this is that many of the people that ask this question probably shouldn't be purchasing a home at all. Yes, some people do have extenuating circumstances, but by and large my experience is that they are few and far between. I could write a book about this subject - but you asked for an opinion, so here's mine: big trouble, big hassle, highly unlikely to work out.
... more
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Tue Nov 1, 2011
Beverly Morris asked:
0 votes 0 Answers Share Flag
Tue Apr 5, 2011
Britta Hinze answered:
Furniture in the property belongs to the owner of the property or the tenant if the home is rented. These personal items are removed when the occupant moves out. If items are left behind they are usually removed by the companies hired to clean up the homes and make them ready for sale.

If you want used furniture I recommend Craigslist.com
... more
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Wed Apr 6, 2011
Bill Petrey answered:
There are several. I've used two with great success (Champions and Kaplan). I found them listed on TREC's web site of authorized training facilities. Who better than the Texas Real Estate Commission who issues the tests to tell me where to train. ... more
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Sun May 19, 2013
Lillie Reibold answered:
As an agent that lists and sells foreclosures, I can tell you what I look for in a vendor. You need to be able to do more then just clean. My vendors not only clean but have the capability to haul off trash, furniture, old refrigerators etc. when needed. They also must be able to clean up and landscape the yard. I don't have the time or energy to deal with 3 different vendors when I can deal with one vendor. Very rarely do we have a house that just needs to be cleaned. That said, I am always looking for vendors that are honest, ethical and are willing to work as hard as I work. That said, you need insurance and a good set of references. Feel free to contact me if you think this is still what you would like to do. ... more
0 votes 8 answers Share Flag
Sat May 15, 2010
Michael Russell answered:
You might try, godaddy , they provide url's and web site hosting among other things. good luck.
0 votes 1 answer Share Flag
Fri Sep 15, 2017
T.E. & Naima Sumner answered:
File a lien on the house. Whoever owns it cannot sell it without clearing the liens first.

Naima
214-289-8555
Naima@Sumner-Realty.com
0 votes 24 answers Share Flag
Thu Oct 14, 2010
Kevin Olson, Jessica Laude answered:
Contact local REO Realtors and also local banks to see if they can use your services. There may be an opportunity, but they are hard to find.

I would also do a google search online to find free lists of companies and/or asset managers (don't pay for a list, these companies can be found online for free). Applying online is an option but does not usually work as well as local Realtors and/or Banks.

Best Wishes,
Kevin
... more
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Fri Apr 24, 2009
Dallas Texas answered:
GREAT QUESTION:

Contact a title company, it MIGHT require lender approval.

All parties would need be present show proof of ID legal paperwork required by Title with expense. All Title companies are owned by attorneys.

National Featured Realtor and Consultant, Mortgage Loan Officer, Lecturer regarding Credit Repair
~ Lynn911~
... more
0 votes 1 answer Share Flag
Mon Jul 19, 2010
Fred Glick answered:
Hi Brenda,

When you signed a lease, it had a beginning and ending date. That means that it ends. They are not obligated to renew the lease for any reason.

It looks like they are trying to "upsell" you. Ask them what they will do if you move. Will they fix your apartment up and get the higher rent? Also, ask them if they have any of the non-renovated units that you can move into.

Best of luck!

Fred
... more
0 votes 6 answers Share Flag
Fri Oct 24, 2008
answered:
Hi Ashley,
So it sounds like he wants to get you out because he's selling the home? I would first take a close look at your lease agreement to see if there are any provisions allowing either party to break the agreement. If not then try to work with your landlord to come up with a fair compromise.

For example if the going rate for a comparable rental in the area is $1450 then I think it would be fair to ask for $600 (6 mos remaining X $100) plus a portion of your moving expenses. After all, you'd probably have to move anyway once the lease is up right? I think that would be fair. Do some number crunching and figure out how much expenses you would incur because of this inconvenience (you'd also want to maybe add a few bucks in for your troubles) then present it to the landlord. Depending on your landlord's situation he might be able to monetarily compensate you or do some sort of a tradeoff in the form of reduced rent til you leave.

If your landlord is unwilling to work with you on a settlement then your next step would be to speak to a lawyer.

Good luck
... more
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Wed Oct 15, 2008
T.E. & Naima Sumner answered:
Has the seller given you a P&L, financial data, rent rolls, etc.?
0 votes 4 answers Share Flag
Sun Sep 7, 2008
Margaret T. Hatcher answered:
If you decide you want to rent a house I can refer you to a Realtor. I will not make any money from it I will just refer you to one that likes to work with renters.
Now for the job and apartment. I used google and pulled up Carrollton Texas, there are a couple places that list job opportunities. Then I placed apartments in front of Carrollton and many sites came up for that. In Texas you do not pay the fee with the Realtor or Apartment finder for a Rental, The Owner does.
Good Luck - you will like Texas. Remember to be a fan for out teams now., LOL.
Margaret
... more
0 votes 1 answer Share Flag
Fri Aug 22, 2008
Paul B. Perez answered:
1.) Get some high end listings! 2.) Live in a high in Rental. It's much easier to be successful at something you already do! 3.) Smile, attend open houses, you know... the realtors ones that fill your inbox everyday, for high end properties. 4.) If you can't get listings, draw up an advirtising agreement and offer to market anyones listing for free! Bring a buyer or renter and still get paid! I got more, but that will cost ya! ... more
0 votes 1 answer Share Flag
Sun Jul 13, 2008
T.E. & Naima Sumner answered:
It's all negotiable especially if a property management company is the procuring cause. The terms are spelled out when the lease is originally written up.

Naima
0 votes 3 answers Share Flag
Sat Jul 19, 2008
Cory Kutin answered:
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