 When you are looking for an apartment what does studio mean? |
i was looking at apartments in chicago and it says studio, does that just mean that its like an open room?
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so would anyone reccomend living that way?... |
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 Best mortgage deal? |
| My sister in law is moving to Florida and is looking for the best mortgage deal that she can get. She has the house picked out and now needs the best 30 fixed with no added cost. Any help would be ... |
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 Are there real small houses that are dirt cheap to buy? |
| such as small 2 bed 1bath houses, some say u can get those for a couple grand. i dont know if its true, who else can help?... |
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 If I owner finance my land & they build on it, then default, what happens? |
| I hold the title to this land & wish to owner finance it to someone. What if they build on it and then default on the note? Maybe the bank would fold it into the new construction home loan?... |
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 Question about my Renter and can I sue for more than deposit? |
| I had a renter in my house for two years. When she moved in the house was only 5 months old. We took a deposit of 1450 plus 250 for pet deposit. She just moved out a couple days ago and the house was ... |
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 Is it really better to have a mortgage? |
| I've had people tell me that you should always keep a mortgage because of the tax deduction. Is that really true? We paid our house off 2 years ago and it feels great to not have a payment, but ... |
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| Banks are asking for 20% down. I have good credit but, no down payment. I appreciate any advice I can get!... |
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 Who can I report unsafe apartment conditions to? |
| I have lived in my apartment complex for 4 years now, and they've never been nice by any means, but they're completely livable; no bugs or anything. We have these wooden awnings which hang ... |
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 Could i buy a house with 3,000 dollars? |
| i want to buy a house with 3,000 dollars can i afford or not?... |
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 I want to buy a double wide trailer? How do I find one near me? |
I want to buy a double wide trailer, in North Carolina, in like King or Winston Salem or rural hall... 2 bedrooms 1bath...
What web sites are there for this?? or where else can you find one?... |
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 Can it ever be a success living with your landlord??? 10 POINTS 10 POINTS? |
| hi there i live with my landlord and to be honest i always feel on tender hooks she a clean freak, texts me is my standing order is one day late due to the weekend etc. She slags of my other ... |
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 Mortgage rates and good deals ?? |
| My mortage with my current provider is coming to an end so I though I should look around for better deals. Im looking for a fix rate mortgage for 10 years. Any ideas of who is offering what at this ... |
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 Are landlords responsible for minor cleanup in between tenants? |
| We just moved out. We cleaned the place quite well (scrubbed the bathroom, kitchen, etc.), but we aren't perfect; we left a few things unclean: a few walls needed to be scrubbed, the fridge ... |
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 Can a single person that makes 33,000 buy a condo or a house? |
| I live in a big metropolitan area and nothing is lower than 200,000 and I pay about $905 in rent and was wondering if there is any way I can buy something where I'm paying around the same, but ... |
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 What are the rules the landlord to be able to come to the house? |
| My girlfriend is renting a room less than a mile away from me we both live in Mountain House CA (95391) and the house in which she is renting has all the rooms rented out including the studio in the ... |
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 Is it true when a realtor said that they will sell my house in 30 days or they will give me $1000 cash? |
Has anyone dealed with this type of issue before?
What's the catch?
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It state on their ad that "He or She will sell my house in 30 days at the price I ... |
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Chris D | Has anyone ever bought or sold property without using a real estate agent? |
I'm shopping for a house. I got a group of listings, and as I was driving by one of the houses, I ran into the guy selling it who reccommended that we leave out the real estate agent and save us both some money. Have any of you ever done this? What are the pros and cons? |
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Russ D
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Pros: save some money
Cons: no professional representation.
I personally prefer to leave out the agent, most of them don't know all that much more than common sense will tell you. Have the house inspected, it will probably cost you a few hundred bucks. Make sure the seller fills out and discloses any and all potential problems with the house and have everything that is included written into the contract. Check a book out of the library on real estate transactions and learn a little yourself and you could save yourself a couple thousand bucks. The last house I bought (with an agent) the agent commission was just under 20 Grand. Good Luck. |
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Bruce T
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I am a real estate agent and many people sell their homes "For Sale by Owner". In North Metro Atlanta it takes the average "For Sale by Owner" 180 days or more to sell per local for sale by owner magazines. Full time real estate agents sell, on average, within 60 to 90 days or less, so the motivation factor is there. Is it worth continuing to pay monthly payments, taxes, upkeep, etc. to sell your own home. Most homeowners have no idea the different avenues to market and most are free.
Pros: You as the buyer pay no commission. You as the buyer are protected and remain within the laws of your state most homeowners are not familiar. By not using an agent you need to hire a real estate attorney that is your expense unless you feel confident and absolutely sure about the deal. Using an agent, the agent does this for free for you.
Cons: Many times during negotiations homeowners selling their own home will tell the agent I need this amount of money to pay a commission which may be more than quoted. The actual price can be substantiated by comparable sells in the area and the home can never sell for more than its actual value in most cases. This is negotiable because the agent will make the homeowner understand he stands to pay more monthly payments, taxes, etc. than if we can do the deal now. The disadvantage is not to you the buyer but to the homeowner because you need to make absolutely sure it is a good contract being offered, the price is reasonable, and their are no liens or outstanding loans against the property you have no knowledge of.
Protect yourself and be extremely careful. It can be a good buy but make sure before you do it. |
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Peaceful Dove
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We bought our house 16 years ago straight from our neighbor. I'm the one that had to call the attorney and set up appointments and supply information so they could do a title check on the property. I had to test our water and take it to the PSA. Twice it came back bad and we had to dig and fill the well with clorox bleach. Finally got that right. We had to call an inspector and septic guy. Everybody had to be paid out of pocket. We finally got the house after about two months. Lot of work. Next time, I'm willing to let a realtor do all the running. |
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venicefloridarealtor
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If you are not going to use an agent, then plan to do the research yourself to make sure the price is correct as to recent comps, and that the seller is truly lowering the price to take away the $$$ saved by HIS not paying commission.
The other answers are all good - inspections and disclosures are important, complete and correct legal contracts are important - everything needs to be in writing and confirmed. Don't take the seller's word for it on ANYTHING.
Since you don't pay for the agent, you might want to consider using a GOOD one to help you. They are licensed professionals schooled in real estate law and procedure and should have extensive local market information and excellent negotation skills to help you through the process.
The thing I hear most often from people who bought without the assistance of an agent is WHAT WENT WRONG. And gee, the seller lied.
So, protect yourself if you plan to go it alone, and you, too, will be a happy new home owner.
Good luck and best wishes. |
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divepassion
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What you dont know can hurt you financially. You leaving out a "buyers representative" is to his advantage. If you employ a very experienced agent, at his expense, it would play to your advantage and he does not want that. |
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hollywoodmelody
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Yes, I have bought and sold a house without the use of an agent. But let me tell you why I started my business of working with For Sale by Owners. I'm not here to sell my company, I just wanted to be honest and upfront of where I was coming from.
You can buy and sell a home without an agent obviously saving money for both the buyer and seller. Ask the seller if you can take a look inside. If you decide you want to make an offer on this particular home then do so. Make sure you have a home inspection (upfront cost of about $450) so you can be sure the house is sound. Make sure there is a full report done and color coded (red for urgency, green for ok and blue can be fixed at a lated date). This will protect you and the owner in case there are any repairs or replacements needed.
Sale contingent upon buyer's approval of home inspection.
If you need a loan, contingency should state, sale contingent upon Buyer obtaining and approval of loan.
Also make sure that there is a earnest money deposit and it is given to a third party such as escrow or title. Title will run a preliminary title report to see if there are any liens against the property which would cloud the title. If the title is free and clear that is good. If not the seller needs to payoff the lien. Make sure there is no mechanic's lien as well which is when a contractor does business and doesn't get paid he can file a lein against the property.
If the seller does not want you to get a home inspection that should be a red flag. |
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hirebookkeeper
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As long as you have not contracted with an agent, you are free to buy from anyone. If there is a sign or a listing agreement, the seller will owe a commission even if you dont use a real estate salesperson. |
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tom j
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don't let the "chicken little" out there scare you...get a purchase and sale agreement filled out (you can probably pick one up at office depot..or find one online), make sure you make your offer contingent on a home inspection and any other items you see needing repair on the home. Offer the seller at least 8-12% less then what he is asking depending on the market you are in and what he is asking (this is the amount that would be paid to agents if they were involved) You can check with your local assessors office to determine recent sales with like homes in the area for market type anaylisis. Then find a good title and closing agent in your area..(ask around who your family and friends have used)..list this title and closing agent on your purchase and sale agreement...you or the seller brings this document with your ernest money to the title and closing office and sit back and wait for a your closing date....It is as simple at that, I have bought multiple residences, rentals and raw land without agents...you can to! |
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spiritwalker
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I'm a mortgage lender, we work with and with out the real estate agent. It basically cuts the cost of their commission, . If this guy, has away to get the title work, the apprasial done, and a way for you to get the loan, great. Not to mention the insurance taxes, etc... |
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robert495713
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He's not saving you any money. He's making himself MORE money. By leaving out your real estate agent, he gets the whole commission himself.
If the house is selling for $200k, and the commission is 6%, the total commission is $12,000. If you have an agent representing you, this commission would be split $6,000 for the seller's agent, and $6,000 for your agent.
Either way, it's not saving you or him any money.
To answer your question, though, yes I have bought properties without an agent but if you're brand-new to housebuying, I'd get one. They cost you nothing. The seller pays their commission. |
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