Landlord Obligations? |
| my sister is a landlord and is moving back into her house that she has leased so does she have to go through her solicitor to tell them they have to move out. what is her legal obligations for ... |
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My landlord is taking me to small claims court after a year of moving out when he gave me my full deposit back |
| I moved out and then a year later he is suing me for 3000.00 for replacing the carpets. When i moved out we did the walk thru and he gave my full deposit back.... |
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Mortgage Loan Question? |
Our good friends are buying their first home. They are more than confused about how to finance it.
The home costs $130,000
They do have $10,000 to use for closing and or down ... |
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Compelling reasons for/against moving to Florida...please? |
| I'm a single mom of a five year old, and am considering a move to the Brevard County area of Florida. I don't really like Florida, but as I see it, I can struggle anywhere...and I have ... |
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Looking for a lender that doesn't require employment verification with mid score of 768 and no late payments. |
| We have excellent credit, no late payments, not much debt apart from credit card and always pay on time. We are seeking a lender who can give us a break. Husband out of school and doesn't have 2 ... |
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Moving suggestions? |
| My new lease at my new apartment begins July 1, but my current landlord says my current lease expires 10am the day before. How do most people work out this situation?... |
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Has anyone ever been harassed or ripped of by rent a center? |
if so could you please explain if it was harrasment or rip off and also if you were harrassed explain how. Additional Details if this does not apply to you would you be so kind not to ... |
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Would it be better to rent for $800/mo or try to buy a house with no money down? |
| I'm 25, still in college, but I'm tired of throwing money away on rent. I have no other debt, my car is paid for. And I work full-time. But I don't want to get screwed on interest, ... |
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We bought a house last year for $350.000, the price now is $372.000, if we sell it, do we make profit ? |
Additional Details The reason I ask is because maybe I will be moving out and find my own place like a town house, so we have to sell the house. Can I afford a town house with approx. $6... |
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Is a real estate agent required to work for a broker? |
| I am interested in getting licensed to be a sales agent - I just want MLS access, and be able to sell properties myself that I rehab. Am I required to be licensed if I want to sell my own rehabbed ... |
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Landlord legal question? |
| I moved out of my old apartment. I gave the landlord $1200 for security deposit. We walked through the apartment on my move out date & she said nothing about the condition of the apartment, ... |
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Can I qualify for a mortgage loan? |
| My husband and I are wanting to buy a home (after many years of renting). We have a good monthly gross income ($11,500). However, we have a lot of credit card debt (61K) and a small balance on a ... |
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Are first time sellers usually trustworthy? |
| I know that usually i should buy from only sellers with good feedback, been ebayer for long time etc etc....however theres this really good deal, but its the first sale for that person, or he has no ... |
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Is there a age limit at whice u can purchase a home..? |
| my aunt been abroad most of her life, and now decided to come back to usa, she is 50 years old, she was tryin to finance a new home but the bank give her a hard time they say due to her age, ... |
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Purchasing house....how to make an offer? |
| My husband and I are purchasing our first home. It is 1 story, slab-not basement, 3 bedroom, kitchen, living room, attached garage, and medium sized fenced yard with shed. It is siding with some ... |
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Does anyone know where you can get a loan of 25000 dollars to fix a house without hassle?? |
| we have tried 2 mortgage companies to get home equity and in both places we talked to two different people and the information for the loan was completely different. We are looking for a loan where ... |
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Why are prices still so high? |
| If gas has went down, why are food and airline tickets still so high and unaffordable? Do you think gas will go back to $4.00 a gallon after the election tomorrow, and if so how soon?... |
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Rent or sell my house? |
| I own a old fixer upper on a large lot in Modesto. It is paid off. I am thinking of selling it and buying a house in Sacramento area. Is this a good idea... or should I fix it and rent and wait for ... |
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Where do you think this horrible housing market is headed? |
| How long do you think it will be so hard to sell a home? We live on the East Coast -- thousands are houses are up for sale around here and they don't sell. What is there so much building by ... |
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Shawn D | I have my RE license. I dont want to be a realtor but I want to sell my parents 2mil dollar house. How ? |
My parents want to sell their house in a year and buy a new bigger one. How can I learn to sell their house and find a new one without becoming a full time realtor. Any suggestions? Thanks |
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Your Help
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Real Estate only goes up. I am a real estate mogul, see these 4 condos? Do you think they give these to just anyone?
Anymore Questions Ask Me |
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Realty Shark
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Sweetie, this is the big leagues. If you have to ask how to sell a house, you should not be in charge of the biggest ticket item and a major source of your parent's financial portfolio. If you had experience in your pocket, things would be different, but you are not doing your parents any favors by trying to sell estate property for them. I have sold everything from mobile homes to estate properties, and you really need to know what you are doing in order to get them the highest and best offer with a qualified buyer, keep them in escrow, and close the escrow without legal incident. They should put a property of this magnitute with a highly experienced qualified realtor. You can make a referral fee from finding the right one for them and then leave it to the professionals. Marketing a property such as this is a job for the tried and true professional. You want to do well and they want you to have the commission, but you may end up doing more harm than good. At the very least, if you insist upon doing this yourself, you will have to hang your license at a brokers office and give them a big chunk of your money anyway. You are in for more work than you can possibly imagine. Hopefully, you will find an office with training and a mentor, who also takes a chunk of your money to keep your parents out of legal trouble and teach you what you need to know. It will be a full time job for you. Why not just give the referral instead - you come out about the same financially without all the headaches. |
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Papa John
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Your license needs to be filed with a licensed broker. Ask them.
They should be willing to train you. They'll make a nice little % on that sale. |
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Tammy Vivat
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You can refer the sale to a REALTOR and receive a referral fee from the referee, at what ever percentage amount you agree upon. If your license is currently with a Broker; you may list the home in the broker's (or an associates name), to cover your E&O's (error's and omissions insurance). Or just list with "For Sale By Owner" and sit open houses for your parents. However, you must disclose that you are an agent. When helping them search for their new home, you can refer them or do the same as above. Also, REALTOR's also do part time and referral work only. |
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Skip
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First of all in order to sell any house or be involved in the purchase of a house no matter who it is your license msut be current as well as sponsored by a real estate broker. That is unless you are a broker, but you stated you had you real estate license.
Are you trying to make money off the transaction of your parents house on both ends or are you doing this as a favor to them? I did not understand the importance, but you mentioned selling their 2 million dollar home, so I came to the conclussion that you want to be involved in the sale and procurement for the commission.
By making a deal with a broker and both you and he deciding on a one or two time deal you might be able to share the commission at a higher rate because you will not be causing the broker any expenses, like desk space, using his telephones. MLS or other normal office expense.
Check with a local broker and see if you can strike a deal of some sort.
I hope this has been of some use to you, good luck.
"FIGHT ON" |
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Lisa A
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You have to work with a licensed broker. I'm sure you can find one to take you on for just the one sale. Why not, it's would be like free money to them.
Use your local network to talk to as many brokers as possible and find one who will work with you on just the one sale. |
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Morpheous
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Sign up with a real estate company as a part time agent. Any broker would be happy with a part time agent who makes 2 sales a year. If the house is in Los Angeles area and you don't want to deal with the process, e-mail me. You will get a 30% referral fee (you would still need to get under a broker's company and I'll do the work). |
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satarnag
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Hi Shawn,
There are a couple of ways to do this:
1. Like others mentioned, hook up with a broker and as a licensed real estate agent negotiate the sell and purchase of the home.
2. Get a power of attorney from your parents for the property and go through the For Sale By Owner route and/or list it with a flat fee brokerage firm. You don't need a license to purchase and sell property that you own. The power of attorney will allow you to sell it.
If you're in California, contact me and I will help you out. I'll give you the tools you need and help to accomplish your goals.
Regards |
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knrt569
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You can have a contract drawn up to state you will be selling their home and that you will get such and such commission (if you are worried about $$) upon sale.
Basically you are a contractor in that situation. Put 0 commission if thats what you want... but at least you are shown as the responsible party for the sale of the home. |
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