 If someone buys a rental property that currently has tenants, does the new owner have to keep the tenants? |
| My husband and I are looking in to buying a 7 unit townhouse style rental property -- it is currently fully rented, however, we were looking at purchasing it so that we could convert three (or 4) of ... |
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 Are there any home builders that should be avoided at all costs? |
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 How much would I have to put down on a house for mortgage company to ignore my credit? |
| I have some blemishes on my credit score, last time I checked it was in the mid-high 500's. I'm looking at buying a house and I'm curious about how much I can put down on the house ... |
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 What are things I neede to know about being a Landlord? |
| My husband and I are being given a 3 flat rental property in Chicago. We will live in one unit and have two units rented. Prior to this transaction I would like to know from you professional ... |
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 Is it common for a real estate agent to take pictures while previewing a property? |
Additional Details
What I mean is: Is it normal for a buyer's agent, not a listing agent, to take pictures when previewing my property for a potential client?... |
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 Can We Lock Out Tenant? |
| We currently rent out a commercial property and have a tenant that has not paid rent in 4 months. Can we lock them out prior to a court date, in order to protect our property? We are concerned that ... |
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 The $700bln bail out, Where will the money be spent ? |
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 Can i use security deposit for last month rent? |
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 Negligent landlords rental house across the street from mine needs it's front lawn mowed badly.? |
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 Ex girfreind wants money for leaving my home?? |
| my question is i own my home name is on everything, but my girl is moving out and she wants money for leaving, been together for 8 months in the home and she gives me a check for "rent" ... |
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| What would be the best possible Home Loan I could get buying a co-op? |
| I heard that you cant use the nothing down or 3% mortgages on a co-op purchase. Is this true I live in NY. WOuld I hav eto put down 10% no matter what. Also FYI Most one bedroom co-op go for atleast $... |
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 Can some one help me,with this i have live in my apartment for seven years? |
| i had a rental agreement from the old owner. but when thay sold this place the new owner never gave me one,it was sold in 99, and i never got aggessmet from the new one,i have ask from 2000 but never ... |
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simpleme | Is a realtor a must? |
i am considering to buy my first home and have gone through so many pages in the web discussing home buying. finished a degree in business (interests and mortgages learned but not real estate). i havent talked to any financial institution yet but planning to get a prequalification. is it a must to hire a realtor? in which process will he/she be very helpful? |
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Jo
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YES!!! Hiring a realtor is going to be very beneficial in finding you a variety of properties & protecting your interests (if working with a builder). The realtor gets paid by a percentage of the sale of the home, so if you aren't selling, you have nothing to pay out for the realtor costs. |
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foodguy
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In negotiating the contract and keeping things moving in the process. You can get contract papers from any Title company but you should do at least one transaction with an agent. I think they make allot (6%) but they do do allot of work before the contract is signed. You do need an agent to look at MLS listed properties, so hire one and look. |
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helblindison
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"Is a realtor a must?" No. It is possible for you to buy a house without one.
It might be advisable to have a buyer's agent if you are unfamiliar with the process of buying a house. They are self-employed, like a contractor, so quality of agents vary widely.
Buyer's agent never made much sense to me because you want to pay the lowest price possible, which cuts into their commission. And it is not likely that you are a repeat customer, so where is the buyer's agent's motivation to negotiate the lowest price?
R.E. Agents don't check title, survey, or appraisal. Title companies (or in some states, attorneys) examine title. Some will even order a survey. An agent can open the house for the appraiser, but they don't do the appraisal itself. |
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Amanda H
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If you are a buyer and you are looking at homes which are listed, you dont pay a dime for a realtor-- the seller pays those costs. There's no reason NOT to 'hire' one.
If you're looking at FSBO's, you can save money by no having a realtor-- but beware, its very complicated and a realtor looks after your best interests-- they get the seller disclosures (the forms that the seller checks all the boxes of any issues the house has ever had) makes sure the septic is pumped (if applicable) makes sure there is a pest inspection and treatment if neccessary, and coordiantes the sale with the title/escrow company-- making sure you will close on time.
I used to be a realtor, and i Just bought through a FSBO-- and it is SOOO much more work.
BTW-- the person above who told you to just work with the realtor of the seller--_ BAD IDEA. That realtor is working for the seller, not you, and won't look out for your best interest. They are EXPECTING to split the commision with the buyer's agent, not to get it all to themselves. Its rare for a listing agent to get ALL the commision. |
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GabesMommy
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A realtor isn't necessary, but I would hire an attorney. It's going to be a royal pain to research titles, surveys, etc., etc. on your own. Plus it'll be much easier to have your attorney deal with the attorney for the owner of the house you want to buy. We just bought a house and found the realtor to be helpful with more than just finding a house. She was also able to suggest home inspectors and septic inspectors -- and after we were in the house, suggested a good plumber.
Good luck! |
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jseah114
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As a buyer, you don't need your own realtor. Most likely, you will be dealing with the realtor of the seller. If you have realtor, then your realtor is paid by the seller (the commission is shared between your realtor and theirs). However, when you have your own realtor, the realtor will be working for you, and not the seller. There are some cases where the seller does not have a realtor either, but this is usually the case where the seller doesn't want to fork up the commissions on the sale. |
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cats4ever2k1
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their most useful as a contact, while its not a nessesity, it usually is very very helpful when you want to go inside the house to see it. Yeah and when your looking at 30+ houses it makes it go tons faster. Plus the person can usually give you their point of view on the house- thou their just their to make a dollar.I recommend having one, regardless thou- cause at some point in time you will have to make an offer- and its usually best to have your middle man meet their middle man so theirs no direct confrontation. You need to have an actual mortage in hand before you go looking, that way you know how much you have to work with. |
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ogrendle
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You should have a Buyer Agent representing you for your own protection. We get paid by the seller agent so our service is free. Go to: jackosullivan.net for more info on Buyer Agents.
Don't forget to look into Rural Development for outstanding programs for first time buyers.
Most Agents I know won't represewnt themselves in a transaction. You get caught up in the emotion and the "pretties" and loose sight of the obvious.
Good Luck |
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Biker
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It is not a must, but it is prefered |
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NONAME
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no - get preapproved then find a home - realtor's are very helpful in finding your house but not neccessary |
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