 How do you get into rental properties with no money down? |
| I'm trying to get into real estate as a landlord in the Houston area. I have no down payment, but excellent credit. Thanks in advance for your help.... |
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 Landlord wants us out? |
IN NY state.
About 8/7/07, we made a deposit for a rental home with the remaining to be paid Sept 1/07 at which time we would have drawn up the lease . LL give us the keys and told us that we ... |
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 Who do you blame for the sub-prime mortgage crisis? |
| Who is the most to blame for the sub-prime mortgage crisis in America? Do you blame the predatary lenders, irresponsible borrowers, bad economy in certain places, or people who borrowed with ... |
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 Own 2 houses and need to walk away from 2nd one.? |
| Buyer for my 1st house backed out and i cannot do both mortgages. if I move back to 1st house and forclose on 2nd will i lose both even if i have homestead protection on 1st when i move back in. F... |
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 Whens the best time to sell? |
| I bought my home last year for 95,000 for a 3 bed terraced. It needs a bit of work such as double glazing, ect but was still a bargain.The area isnt the best. Is it best to wait, are prices coming ... |
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 How could I find out if I my neighborhood allows me to rent out my house? |
| Hi all - I am considering moving out of my house and renting it out so I can buy another place. However, my house is in an upper class, somewhat exclusive area and I am worried that rentals may be ... |
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 Does a house go up in value faster and higher than a condo? |
| I am considering buying a triplex or a condo. Which is a better investment? From my perspective, the condo is simpler and easier to maintain, but is small. The house is bigger and has more ... |
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 Can I lose my home if my renters do not pay? |
| I have a home which was occupied with renters. They have stopped making payments to me so I fell behind $10K on my mortgage. I've evicted them and now I am facing foreclosure. I have not ... |
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 Is it really too presumptious for me to think I'm going to qualify for a home loan? |
| We recently moved into our dream home and the owner was willing to lease to us until we were ready to buy. Things have changed however; and he's pushing us to buy NOW. My husband and I have both ... |
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 Can my landlord move in to the building I am renting from without telling me? |
| I am currently renting the first floor of a house, and another gentleman is renting the second floor. I have noticed recently that our landlord's vehicle (and her girlfriend's) have been ... |
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 Which mortgage companies will lend 5 times my wage or more? |
I'm in the uk
Additional Details
I'm already paying out the amount i would be repaying on a mortgage 5 times my salary, on an existing mortgage and loans. Equity in my current ... |
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 House repossession? |
| hi, just wondering (on behalf of someone else) if you have a house repo'd and when the mortgage company sell it on and fail to get enough to cover the debt, how many years is the previous owner ... |
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 Renting privately? |
| Has anyone had any good or bad experiences renting through estate agents or private landlords as im thinking of renting privately but not too sure about it? ... |
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 Is it legal for my landlord to select the contractor for repair work on a unit I am renting? |
| Specifically, there's a clause in the lease that says "Any damages caused by tenants shall be repaired by a contractor or craftsperson selected by the owners". Is that legal in C... |
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 Buying a home.. is it legal for realstate agent to say she'll only take cash? ? |
| been approved by the bank for a loan but realstate agent refuses to sell home to us..... |
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 Anyone know the tips of how to get the house sold faster? |
I have 3 houses in my hand and would like it get it sold soonest.
Thanks in advance for every good advice of yours.... |
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Tom M | Do open houses really work? |
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Kevin H
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Good question as by reading the answers you can see easily the two sides of agent efficiency. Many say they don't work, some say they work great. My personal experience in decades of real estate is that they do work. That said I also agree with the side that says they don't work. Here's why, most agents don't know how to maximize the opportunity. Interestingly one person pointed out all they got was some people from the neighborhood.
A huge percentage of homes sold are because a friend of a neighbor can now know there is a home available. Quite a few agents will do an open home on a house that is for sale but not market ready, those will most often be a waste of time. Getting buyer feedback is paramount to success. Most agents change their marketing style slower than the actual market changes. A buyer isn't interested in what the agent did last year, just what they want to buy today. Baking a apple pie for example while doing an open house used to help, now its silly. I would recommend also to many agents that advertise open houses to please show up, I have went to many and the agent never showed up. Their out of town seller likely now thinks open houses don't work also yet in reality they didn't get one. The property type and price range also will help determine open house effectiveness. Every home has its target market and thats where the open house has to be prepared for and marketed to as well. Weather and local happenings can also affect open houses. When an agent sets a brokerage fee at the time of listing you are entitled service as a seller. Just because open houses are not the agent's strength, is no excuse for not receiving that service. |
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Hoopfan
 |
According to the National Association of Realtors (NAR), only about 2% of all homes sold were as a result of an open house.
Frankly, other than meeting potential buyers, they're a waste of time.
The overwhelming majority of homes sold are thru the MLS by other agents. |
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Barbara
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How's this for an answer. Mult-million dollar seller here...I sold ONE house at an open house ONCE. Not bad for a 30-year career?
Actually, I stopped holding these useless things but did ONLY at the seller's request. Then I would send in the new realtors to do it-they got new buyers to work with. They loved it, the seller loved it and I loved it. Win-win situation.
But, no, the final answer is no way... |
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satarnag
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In Southern California they are a waste of time. So is advertising in the paper. As someone stated, only 2% of sales result of an open house. Most people (76%) see the house they want to see on the internet.
Just my 2 cents. Maybe they work great in areas like Kentucky??
Regards |
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HomesByDamon.com
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For the seller, they don't work as well as you think. Open houses are, however, a great way for listing agents to pick up buyers for other houses.
PS - newspaper advertising is not a very effective method for selling homes either. Sellers love to see their home listed in the Sunday real estate section of the paper, but all they really do is help create brand awareness for a particular broker. |
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tonalc1
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Yes. You get the largest number of people seeing the house in the shortest amount of time. |
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What, what, what??
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Yes...make sure the house is clean and sometimes having the smell of just baked cookies helps. Good luck! |
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Chele
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We had a realtor open house ... and that was good because it gave feedback on what they thought ... and ideas to correct or improve on.
I was told that a general open house is best if the house is primarily empty because it could set you up for losing items ... one way or another (quick hands during a walk thru or after the fact when they're waiting for you to leave home one day) be careful if you've still got valuable goods in the home. |
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TheMom
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No, but it is a great way to make contacts! You will be surprised how many are just neighors. |
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Boss
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yes they can but people can steak your house out for burglary |
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Atrixo
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Open houses are good for the Vendors as well as for the Realtors.
Statistics have shown that most listings are sold through open houses. For the Realtors, it is a good chance for them to meet potential clients. As a matter of facts, those who look far a house could have a house to sell as well. |
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