Archive for February, 2010

Why real estates brokers have a super star kind of conjecture ?

February 27, 2010 - 6:34 am 1 Comment


A real estate broker is like a car-salesman, but for homes. They live on their image and reputation. Most go to great lengths to build themselves up as much as they can.

What are some good Questions to ask a realtor during an interview?

February 27, 2010 - 6:34 am 9 Comments

Say if I am trying to pick a realtor to go with to buy a new house. What should i be looking for in a realtor?
zara i am a buyer not a seller

Someone who is trying to find the best home for your budget wise, and etc. So my advice is let them do the talking and see if they’re asking you all the right questions. If not then they’re probably not looking out for your best intrest. Remember they make profit off of you..so make sure they’re doing there job which is to find you your prefect home!

What is the best way to get MLS input sheets out to my realtors and receive them back filled in?

February 27, 2010 - 6:34 am 1 Comment

I am inputing listings in the MLS and realtors have been faxing me hard to read input sheets to enter. I waist alot of time calling them back and trying to figure out what they wrote down.

Create a web site form and have them fill it out on line. When you get it back its already filled in and can easily be cut and paste if you still want to waste time (albiet less time than before) entering it. Or have a web programmer take it and automatically send it to where it needs to go.

You can have the site hosted with a database for making them login and have the whole thing secure for less than a 200-300 bucks a year. And you should be able to have the thing designed for something like 8 hours of work at no more than $50/hr if you just shop around.

I would do it for that if you can’t find anyone reasonable just for the learning experience. I do a lot of database and web stuff and think I could figure out something that would make ya happy. Just let me know if you are interested.

What happens to the listing of a house for sale if the realty agent handling it changes brokerages?

February 27, 2010 - 6:34 am 3 Comments

Say a house is listed with Agent B who works for Brokerage G. If Agent B decides to quit Brokerage G and go to work for Brokerage D, does the house stay listed with Agent B or Brokerage G?

Brokerage G could be nasty and keep the listing even if sellers want to transfer it to Brokerage D, but why deal with unhappy sellers. If sellers ask for a transfer in writing, it will usually be done.

can I look up UK house prices like you can with http://realestate.yahoo.com/Homevalues In the USA?

February 27, 2010 - 6:34 am 2 Comments

ideally I would like to specify house type 3 or 4 bed see the different locations of the houses on a map.

Try nethouseprices.com

Buying A Foreclosed Home?

February 27, 2010 - 6:34 am 3 Comments

Alright, well my mom and I are thinking of moving to Palmdale but we can’t exactly afford a full priced home. So what I did was check the listings of foreclosed home. Now it says the loan balance is like 3,000 on average. Now on this page http://realestate.yahoo.com/California/Palmdale/Homes_for_sale/0dac4c81272c5cd9bcb396cce3090835;_ylt=AtW9lg8TWCjWcyS4ExQmn_LnMrQs?cc=realestate&p=Palmdale,%20CA&priceHigh=&priceLow=&nodeId=750007014&radius=&bedrooms=2&bedrooms=3&bedrooms=4&bedrooms=5&bathrooms=2.0&bathrooms=2.5&bathrooms=3.0&bathrooms=3.5&bathrooms=4.0&type=foreclosure&sortBy=price+1
it says the loan balance is $2238 but it also says the amount is $2238. So is that the price or what? Thanks in advance.

No, of course that’s not the price. What you are seeing is the amount of money which the current homeowner is in default on the loan. Assuming that this property is eventually fully foreclosed upon, the bank will offer it for sale at the current market value for the property. What they will accept to sell it may not be market value, but it will be FAR more than $2238.

How much am I supposed to pay the realestate agent in commission?

February 27, 2010 - 6:34 am 5 Comments

If I am selling a house for $35,000 and the buyer is getting a loan for $10,000 more ($45,000), which number should the agent commission fee be based off of? the $35k or $50k?

It may sound silly, but what regulation would I find this information? When I go back to the agent, I will need to site a good source. Saying I got it off "yahoo answers" doesn’t sound that good.
The commission is 6%, I am asking what the 6 % is based off, it seems the sale price.

The real estate agent gets the commission off the price of the house, not the size of the loan. If the buyer had a substantial amount of cash on hand to use as a down payment and borrowed $10,000 less than the price of the house I assure you the real estate agent would ask for the commission on the price of the house not the size of the loan. They can’t have it both ways.

Kerslake Sees Insurers Investing in U.K. Rental Homes

February 27, 2010 - 4:11 am No Comments

Feb. 26 (Bloomberg) — Bob Kerslake, chief executive officer of Britain’s Homes and Communities Agency, talks about the prospects for insurers and pension funds that invest in the U.K. rental home market.
Kerslake also discusses how the lack of housing supply will drive growth in rentals over the next few years. He speaks with Bloomberg’s Andrea Catherwood.

Duration : 0:4:20

(more…)

Realtor Arrested Days After Bankruptcy Filing

February 27, 2010 - 4:11 am No Comments

State securities regulators now confirm they’re investigating real estate entrepeneur Douglas Vaughan in connection with the backruptcy of his firm. Vaughan was arrested Thursday morning on an unrelated charge.

Duration : 0:1:42

(more…)

Realtor arrested during investigation

February 27, 2010 - 4:11 am No Comments

ALBUQUERQUE (KRQE) One of Albuquerque’s best known realtors, Doug Vaughn, filed for bankruptcy and was arrested for driving on a revoked license.

Duration : 0:1:18

(more…)