It’s actually very interesting. You get to meet all sorts of interesting people and see a lot of different properties.
I can be both satisfying and frustrating. Sometimes, you can have long periods of not doing anything and other times your working with several clients at once.
It is, however, challenging.
I always get conflicted answers and I am not sure which is right or wrong. What should I expect and how do I make sure that we (Realtor) & Myself keep a long term professional relationship without any problems?
1) Honesty
2) Listening
3) Addressing their concerns
4) Honest advice of what the home is worth
5) Also, advice on things that might keep the home from selling
6) Hard work on showing the home
7) publicity on the home
My husband and I are renting a home using an agent for the first time and are being told to pay the realtors fees for both agents (half months rent for each) and I don’t know if this is how it is done. I know that when purchasing a home it is the seller that pays the fees so this does not make sense to me.
It depends on your agreement with the Realtor and what property they find you. Most agreements that you will sign with a Realtor state that they are owed a certain amount or percentage of the price when a deal is closed. If a seller pays some of that (which they do if they are working with a Realtor) you only have to make up the difference. I have never heard of a buyer having to pay a selling agent anything, but as in everything, its negotiable and the agent should have told you this before showing you the property.
This is to be payed by the buyer (me) at close of escrow ($395 is what I was quoted). This is in addition to the 3% to be payed by the seller. This came from a Prudential Realty CA agent. Is this common? Anyone heard of this before?
realtors try this all the time and call it an admin or processing fee. unless you agreed to it in wrting on buyer agency agreement then tell them to forget it. they cannot just add a fee that you never agreed to in writing.
this is a technique many realtors try with buyers now to earn a little extra money.
inexperienced buyers get nailed with this all the time. i wonder why real estate agents have bad reputations?
Do realestate lenders use a different credit report, then free credit report.com to determine credit score. I was told by a lender that his scores were lower than the credit report that I pulled off of Freecreditreport.com the day before the lender pulled his report.
No one throws away money on reports from free credit report.com
Reports are free for you – always have been.
They check reports from annual credit report. com for a tiny fee
Also, major lenders like FHA never check the scores.
They view the reports in detail and make their own decisions.
They also consider your length of employment, salary and age.
The score is there merely for you so you can know where you stand at.
Cancell that scam and freecreditreport.
And from now on get your reports for free.
If you ever need your score you can go to Equifax.com for about 8 bucks, or myfico.com for about 15 bucks.
Again, sweat what is in your reports and not your score.
Before buying your house, make sure you credit card balances are as low and you can make them.
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this is a good decision because you have more time to studding and you can earn money also this is good for your future also.
I am trying to research properties for sale in North Auckland and rural areas in commuting distance to Albany.
I have tried allrealestate and century 21, but they don’t seem to have that much.
Does anyone know of a more "abundant" realtor?
Thanks.
Yes try Grant Loveday @ harcourts, he’s awesome!
Do you feel that Realtors should be held accountable in some way for a foreclosure. Sub-prime lenders may be giving out loans too easily, but who is pushing people into homes they might not be able to afford? In Connecticut, buyer’s agents and seller’s agents both work for commission and are part of the same Realtor organization, they want the home to sell for the highest amount possible. Should they return the commission or pay a fine if the house goes into foreclosure (within a certain time frame after the sale)?
Maybe I’m biased due to the fact that I am a Realtor, but they really should not be held accountable. A Realtor does not handle the financing part of the transaction. They might refer a client to one, but it is ultimately up to that buyer to make an informed decision, just as they did when they chose that Realtor to work with.
A potential buyer does not have to disclose any personal financial information to me, merely just a pre-approval letter stating that they can obtain a loan for X amount. I have no way of knowing what they can actually afford unless, they allow me to view their information and educate them on how the process works.
I use a lender for first time buyers that literally has told several of my potential clients they cannot afford to buy right now and need to clean up their credit and/or obtain a better income. I might have lost a deal here or there, but am alright with it in hopes they will come back to me a few years from now when they are ready and have a good experience versus the ones scrambling to get into a home they can’t afford and end up upside down in it and associate me with a sour deal.
I actually had a 1st time buyer that chose to find their own lender, thought they were getting this great deal on an interest only mortgage and when I heard the terms that were offered I told them don’t walk but run away from this lender as fast as you can. I sent them to my guy and he informed them they should wait a year, clean up their credit and be in a better position to buy. They did, we found a home better than the one they originally liked and they couldn’t be happier. By the way both homes were priced similar and same down payment – the interest only loan would have been the same payment as their now 30yr fixed payment.
So as you can see, we are not all out there to take advantage of people just to make money. I’m out there to build lasting relationships, repeat business & referrals.
Also please keep in mind trying to get the highest price isn’t going to affect how much commission an agent receives by a substantial amount. For every $10,000 the agent might receive only $100-$300 extra (Gross).
Regards,
Southeast MI Realtor
My boyfriend and I are having a little one and are in need of a bigger space, still a apartment but yet reasonable…I would prefer using a realtor because I’m due in the spring and I wanna be moved in at least by the new year…the only thing is I don’t know what the average rate is of a realtor to help find a apartment in NY, (Brooklyn and Lower Manhattan)….any suggestions….realtor recommendation greatly appreciated…
I live on Long Island and used realtors for 2 apartments-worst landlords i ever had but they charge a Months fee some will take off some but most dont. If your rent is 1200 they get 1200 on top of the security you have to put down so be sure you have it. the agent i used on one apartment took off 100.00 but that was it.
good luck and congratulations.
I’m wondering about the part that over the garage that "folds"…here is an example:
http://realestate.mysanantonio.com/Sales/Listing.asp?lid=11488-635296
Does anyone out there know?
The roof on the wing to the left and on the dormers is called a gable the roof over the garage is a modification of a hip roof.