Real Estate

My partner and i have moved to another state and are staying with family, my partner is working and we have 2 children small children. My partner has a very high paying job and we have a good rental history but we seem to be finding it hard to find a place! Does anyone know what real estate agents check exactly? And maybe why we might be finding it hard to find a place?
We have never been evicted

Some just run a credit check but some do criminal background. Get your free copy and find out what your credit history says. You may have late payments or just not enough history. They could want you to have more income if you have a lot of debt.

I really really want to become a realtor, but I don’t know which college major would help make that dream come true. Help?
I know I need to take business, but there are different branches of that major and I don’t know which is best for becoming a real estate agent. Maybe Marketing?
So, I could major in Business Marketing and be able to be a realtor? I want to work for a well known agency and be successful.

definitley marketing. perhaps with a minor in communication. that way you know how to market the house, yourself, and you know how to communicate well with people.

I’ve been a Realtor for about 4 years, selling only residential properties. I enjoy the investment side of real estate more and I really think I’d enjoy working in commercial real estate. On average, do Commercial Realtors make more than residential? I live in a decent size city with a lot of commercial property.

Thanks!

No. More residential properties than commercial makes more consistent opportunities in residential. Commercial may have a better commission. Do both.

A recent survey by ASSOCHAM had 90% of its respondents believe that the realty estate will revive within the next three months. What is your take on it?

Optimistic. i work in the field; I’m thinking Spring 10

Need 2 bedroom home to rent or buy.What about daily living expenses like or less than us
how about apartment all need to be near the ocean

Prices can vary a lot, you need to establish what your budget is for renting or buying, they vary from $300- $2000 a month to rent , to buy you can say between US $50,000- 2 million.

Lic.Gregory Kearney Lawson.

just wondering, i know there is alot of people who wish they could invest in real estate as it is a great investment market. I wish wondering if you would invest in a company that invests in real estate for you?
So like lets say the company has all these listings of different real estate projects they are going to buy and you can pick from one. So maybe there is 100 acres they are going to buy at 100,000 dollars. you would be able to invest 1000 dollars in this property threw this company, so realisticly you would on 1 percent of the propety threw the company. then maybe in a year the company would sell the property and get 200,000 for it. you would then get back 2000 dollars. 1000 for the investment and 1000 dollars profit.
would this be something you would do to invest in real estate or you think others would do? of course it would be a legal corporation not like some side business.
I am just wondering as myself would love to invest in realestate but dont have the money.
Thanks!

They’re called REIT’s.

Theyr’e like mutual funds for real estate.

Often times, minimum investment is $1,000.

Mother put in childrens names. She died 2005 house was in childrens names in 1989. Should it be done as a sale of realestate or would it be considered an inheritance? The house was sold for 30,000.00 less than the appraised value.
Was sold for 100,000.00 leaving approx 30,000.00 to each child. I do taxes for people who cannot afford to have their taxes done by the bigger companies. I have only about 50 that I take care of each year. I have never run across this situation before. I need your help!!!!

If the house was already in the children’s names, then there was no inheritance. Therefore it would be considered a sale of real estate. I believe the basis of the house would have been the basis on the date of the transfer, not the appraised value. Don’t forget to add the cost of any improvements to the original basis.

For more information go to the IRS website and download Publication 523 – Selling Your Home. If that doesn’t help, call the IRS directly.

I am new at investing so i need some help to get started. and to make sure if its worth jumping in right now since it has been dying down.

I wouldn’t pay too much attention to NATIONAL media reports on real estate which report a cooling off period recently. Look at your area. Are area businesses doing well? Are they hiring and investing or are they laying off? That will tell you if people are likely to be moving into the area, and therefore, potentially buying a home.

However, when it comes to pre-foreclosure homes, it’s more complex. You really want to focus on the home and specific area where it is located. If you are in an areas where business is doing poor, more pre-foreclosure homes will be available but not many perspective buyers. If business is doing good, well, less pre-foreclosure homes, more competition, but quicker turn-around times.

You have to think this through on a local level, not a national one, especially when it comes to pre-foreclosures. I WOULD NOT buy a pre-foreclosure home in an area where prices have already been driven to record highs. Honestly, I would focus, generally, in less populated areas that did not benefit from past real estate valuation growth. Internet commerce and home/office technologies make these areas ripe for future valuation growth and plenty of pre-foreclosure opportunities exist for investors.

If yes, what is a customary fee? I heard a lot about realtor fee’s and need to know about this question, before I get started.

No, in CA the realtor only gets their fee at after they close a sale, never before.

However, if you start a contract with one agent you can not switch. This one would be entitled to their commission still, and will get it. You would pay a second one out of pocket if you were to involve another agent.

Also keep in mind that your contract isn’t really with the agent, they work for a broker, the real holder of the contract.

If at any time you are not happy with your agent you can request he replace them with a different agent. You agreement is not effected in any way.

What does the sales price of a home have to do with anything. It does not cost any more to sell a $200,000 house than a $400,000 house. Why is not based on a flat fee? Sometime the Realtors make more than the homeowner does. This seem to be one of the largest scams played on the american public today.

It’s not a scam. Realtors admit they get a fee. They’re required to by law, like all commission sales people.

In a lot of cases, the Realtor’s office gets 3% of the final sale price, and the Realtor him/herself gets 3%. But remember that the 3% is what the Realtor *lives on*.

They do not get a salary, nor do they get a steady paycheck. And they paid some money and attended a training program (sometimes a couple, depending on where) in order to become an agent. A Realtor is even more elite. They paid to play, and they’re working for however much they can get.

Every self-employed person lives by the motto "haud opus, haud victus… no work, no food."

3% of a $200,000 house is $6,000… but how many months did it take to get that money? And remember, Realtors pay taxes _after_ they get paid. Their earnings are not conveniently withheld so they can just blow their money. Up to 40% of what they make goes straight to Uncle Sam, for the sweat of their backs.

The less guarantee there is of a pay-off, the higher the risk of days without food and of getting the electricity turned off, the larger the ultimate pay-off should be. IMO, that’s the American Way.

Hope that explained.