 Is it a good time to buy a house? |
| My husband and I have been talking about buying a house, since house prizes are going down. But some people tell us interest is going up! I never own a house so a have no idea what to do if in fact ... |
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 Do you have to pay for your last day in a rented property? |
| I left a flat after appropriate notice. We wanted 5 extra days but we have been charged for 6 as we left the property before 0900 AM. The rental office say they charged because I stayed in the flat ... |
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 How old do you need to be to able to buy a house? |
| I have a simple question. How old does one have to be to be able to buy a house? Is there a certain age? Mostly this question is about age. If anybody can help I would be so thankful.... |
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 Is there a risk of owning a house from 1906? |
| I am looking to buy a house from 1906 and i have 3 kids and wanted to know if i have to worry about anything, like Lead Poison, things like that.... |
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 How do i get out of my lease, my husband and i cant afford the rent anymore.? |
| we cant afford our rent anymore and want to get out. there is like no loop hole to this lease and even if we tried to get evicted we would have to pay all the court fees because of this stupid lease. ... |
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 What are the main signs of damp in a house that is up on the market apart from the smell? |
| Me and partner have seen a house that we really like. The vendors accepted an offer but the sale collapsed because the new buyers thought the house was full of damp. What are the main signs, and how ... |
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 How does an interst only mortgage work? |
| I heard you can get a 25 year mortgage were you just pay interest, but what happens then, do you spend anothe 25 year paying for the house! I dont get it!... |
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 Moving advice needed!!? |
| my bf and i live on a 3rd floor apartment w/ just steps to get in and out....we we have to move alot of stuff and most of it will be moved by just him and i ( im 5'2 105lbs hes 6'2 200lbs) ... |
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 Refinancing our home, is this a good deal? |
| Ok, here's the basics. Our credit is not very good due to a few late payments and the few credit cards we have being very close to being maxed out. Our current mortgage is for $188,000. Our ... |
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 Interest only mortgage? Is it the best way to go? |
| My partner and I are currently looking to buy our 1st home together. We are using a financial advisor and he is trying to get us to take an interest only mortgage for the 1st two years. However, I ... |
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 I was lied to. Legal Advice? |
| About 2 years ago, my aunt, a real estate agent, wanted me to help one of my uncles co-sign for a house that they couldn't afford. I agreed to be their co-signer since my credit was pretty good ... |
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 Is my credit score high enough? |
My fiance and I want to buy a house. He has a high credit score and a full time factory job. I am currently an unemployed, part-time student with $7200 credit card debt from school.
We were ... |
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 Renter wants $1600 Disability check deposited to my Acct for $550 rent. I give him the difference. Scam? Why? |
| The renter says he had trouble previously because he had been in a coma for 6 months and presumed dead. Now wants me to be his legal guardian and have the $1600 check deposited. $1600 is what he paid ... |
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 Do I have to be there? |
| My father lives in Philadelphia. He recently told me that he wants to add my name to his house. I live in NC. He wants me to go to Philadelphia so that my name can be added. It will be inconvenient ... |
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 We signed a 1 year lease? |
| My boyfriend who is now my husband, Me and my best friend all moved in together, it was OK at first then his sister had some prob and she moved in, it was all good, so months later i got dishes piled ... |
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 Would you buy this home? |
| We are thinking about buying this beautiful Victorian home. We can pay for it outright but it needs some work. It has a new roof but needs a new paint job which is mucho work. The mechanicals are ... |
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 Im currently in junior college and honestly i dont want to be there but im doing it for my family.? |
| so i guess my question is has anyone out there found a successful carreer path that doesnt need college and isnt a super skilled labor??... |
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Corrine G | Can you negotiate a Realtor fee? How can you save? |
We want to relocate but need a certain amount of money to do so. The realtor fee would keep us from making the amount we need. Besides selling your house on your own can you nogotiate their fee. What are flat rate fees? Any ideas on how to save about $5000 |
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Landlord
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You can offer less then the going rate if you wish. However, the commission is clearly stated in the MLS. It is not harder to sell a house for full commission then it is for less, and with many to choose from you will find that not many agents include you in the homes they show their clients. You will save more in the long run by paying a fair commission, you will sell the house much faster. |
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acermill
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Realtor fees are always negotiable, but you can also expect to get what you pay for. A reduced rate may well provide you less advertising and promotion, as well as fewer buyers. Why?
Because a reduced fee percentage reflects on any agent who might bring a buyer to your property. With the huge inventory of properties on the market, any agent with a functioning brain is going to give preference to those properties which will earn him a greater commission percentage. |
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Marysue
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Yes you can negotiate or go with a discount broker (i.e. $500 gets you in the MLS), just expect to get what you pay for. An agent who accepts less commission will compromise their normal level of service to accommodate the reduction in payment. A discount or flat fee broker will often expect payment upfront, meaning that you’re out that cost no matter what. So if you never get so much as a showing from this listing, you’ve still lost that payment. Discount brokers also offer next to no service beyond listing you in the MLS, making everything else your responsibility.
What concerns me most is that you’re entering this deal saying you must make X amount. If that’s your mindset, you may find it very difficult to sell. No buyer cares what you need to make; they only care what the home is worth to them and they aren’t going to overpay simply because you “need” that set amount. They'll just go buy someone else's house. |
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hottotrot1_usa
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Realtor fees are usually 6 or 7 percent of the sale price, split between the buyers agent and the sellers agent. I've heard that you can negotiate them down to 5 percent, but you may receive reduced services (less spent on advertising, etc.). |
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daeve930
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In general, the listing broker gets 55% of the commission and the selling side gets 45%. They each split the commission with the sales person who wrote the listing or contract.
A real estate sales person is going to show the houses that are offering them the most commission. If there are 3 houses with 7% commission and one with 6%, which house am I going to promote?
If you want to try to sell it yourself, you may regret it. A lot of people do sell their own homes, but I think that's taking a risk with the biggest asset you own. Remember that there's no multi-list or lock box, so anytime you aren't home, your house is effectively off the market. |
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tapnet1
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Depends a little on the market. Normally you can negotiate a little, but realtors run a high overhead business so they need their fees to keep operating. Don't kid yourself, realtors first off, share 1/2 the commission if there's another realtor involved. On top of that they usually have to pay a % to their sales office and all their other expenses. If they advertise in local newspapers or other venues to generate leads thats costly too.
I would look for some commission free type of advertising like comfree.com or some other places where you pay a flat fee until your house is sold. Especially look for one that offers a front lawn sign. Most sales happen as a result of people driving by and seeing the house with the sign on the front lawn.
There's alot of other ideas you can use to decorate your house when showing the place. If you show the house yourself, act like a realtor. If you're not sure how they act, find a professional realtor and get them to show you a few places and you'll see what I mean. |
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Monie N Da Middle/where she at?
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Try and negotiate a flat fee with a realtor. Keep in mind that the listing agent unless he/she represents both the seller & buyer will also have to pay the agent who produces a buyer, we also cover the avertising charges as well. Any how a flat fee might be do-able depending on your loan to value & and the properties actual selling price. |
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Ren
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You can but oftentimes you get what you pay for. You could try selling it for sale by owner and then once you find a client, some agents will write up the contract for you for a lower fee. I've done it sometimes for 1% or so if there isn't that much involved. A good realtor really is worth the money. Flat fee agents usually just put you in the MLS and do nothing else to market your home. Sometimes they don't even do that. Start interviewing agents in your area and compare their price and what you get for it. Remember that when you move to a new place, you don't pay the realtor fee to buy your new house! |
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Bob
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Yes it is negotiable.
But remember they will work harder on trying to sell if they get there full commission. |
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Sue
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The realtor commission is a 'guide'. In the Ohio area, it is around 7% of the sale price of the home.
However, when I sold my home this summer, I had negotiated the commission down to 4.5%, by assuring the realtor that he would be included on the purchase of my new home. This was put in writing in our contract. If I had gone on to buy a new home without his assistance, I would have had to pay him the remaining 2.5%.
Remember that the commission is split between the two realtors (the one representing the seller and the one representing the buyer). While my guy agreed to take less as his share, the buyers realtor did not get shorted. (She got 3%, he got 1.5%). Since my deal was with MY realtor, I couldn't cut the buyers' representative out of the deal or reduce her compensation.
Then, when I was the buyer for my new house, my guy got 'his half' of the 7% that THAT seller paid, so in the big picture, he made more in total (and didn't have to find another customer to work with!).
My realtor had also represented my ex-husband when he moved out/ bought his own -- so we had a history with the agency. In all, this realtor got commissions from a total of three transactions in 6 months, so he had a little more room for flexibility.
BUT, bottom line, $5000 is a LOT to try to save. For a home that sold for $150,000, thats half of the commission -- meaning your realtor would have to work for free. Good luck! |
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hanora
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It really depends mostly on the market conditions. If it is a seller's market and you can expect multiple offers on a property, well sure you can negotiate the fee because realtors are eager for listings. On the other hand if it is a buyer's market and there are lots of houses for sale for months - why would anyone work harder for less?
Likely you will get what you pay for. |
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