Home | Links | Contact Us | Bookmark
Financial Forum Search :
   Homepage      News      Financial Topics     Finance Directories      Financial Forum      Dictionary  
Financial Forum    Renting & Real Estate
Finance Discussion Forum

 Real Estate Problem/ Dispute?
If you have a written contract for a property/ real estate and the buyer(supposed buyer) breaks it by not paying, can I enforce that contract? And get the property back since he didnt pay for it? The ...


 In which cities is a square meter of land most expensive?
...


 I heard its a way to get a morgage with less than subprime credit, anybody heard of it?

Additional Details
i heard with these mortagages u have to refinance in 2yrs or lose your house. the loan is based on the property value and if the bank is likely to make a profit in 2 ...


 Are home inspectors often wrong?
We're selling our house & have an offer & today we had a home inspection. We bought our house from the builder & it's only 3 1/2 years old & we keep it in top shape! A...


 Can my landlord increase my rent before my lease is up for renewal?

Additional Details
There was a "lower rent" discount that I was receiving and the landlord got rid of it because supposely he got audited and this discount is not suppose to ...


 What does not in a...?
Subdivision mean when looking at house for sale?
Additional Details
is it a good are a bad thing?...


 My yard guy hurt while working on my lawn. he my or may not have insur. i have FL homeowners. can he sue me?
...


 Im 3 months behind on my morgage. i tried to refinance and sell but no.cant afford house, just want out, how?
i have an 80/20 loan on my house. i am 3 months behind on 1 and 2 on the other. i have tried to sell and i cant get what i need to pay off the house and i dont have any extra money to pay off the ...


 Any ideas - Problem Neighbour?
Myself and my fiance have been living in our current house since july last year. We rent it from Leaders.

During our first viewing of the property, the neighbour took the leaders ...


 Apartment maintenance problems...what can I do???
Ok, so for the last 4 to 5 months our air conditioner has not been cooling properly. The maintenance guy came and attempted to fix it but couldn't figure it out. He then promised to order a new ...


 Please help me, im so mad and scared about this pls help?
k my mom and dad got divorced and now because my dad refinanced on the house 2 times the house payment is 1500 a month!! so now the bank will take our house away in august if we cant pay the bills or ...


 Should a new agent go "door-to-door" to get customers?
What if you live in a dangerous city?...


 Mortgage - If Bank Goes Under What Happens To Borrower?
If your Mortgage Lender Defaults what will happen to the borrower?

Ok, They will try to sell your loan. Can they demand payment in full (call the loan?) Are there any legal protections ...


 How do you buy a piece of land when it is for sale by owner?
How do you go about buying property when it is being sold without a realtor. What do you do and how do things get organized (ex. the closing etc...) Also do you have to pay tax on the property when ...


 Please solve?
A real estate agent received a 6% commission on the sale of a home. If the home sold for $596,000, how much was his commission?...


 Who is responsible for a loss rent money order the renter are landlord?
the renter are late more then once now they say that the money order was lost and can't pay their rent until Jan 2 ,the law says that you have to wait 3 months to put them out ,rent was due on D...


 Should a real estate broker charge for a home price appraisal?
They are not wanting to sell their home, but they are interested to see what there home is worth. Do I charge? Normally, if someone comes and wants to sell there home, I go in and tell them what a ...


 Can your landlord conact your employer and notify them of unpaid rent???
...


 I am moving to Florida in 2-3 months and am looking for a affordable 2 bedroom apartment for me and my baby?
...


 Moving soon! Apt. lease is for another 6 months. Is 30 day notice enough to leave leagally without penalty?
...



anarudner
Is it better sell my house by owner ans offer 5% to the buyer's realtor?or go to a reputable real estate co?
A local realtor in a gated community averages 1 sale per month in that community. is it better to list my house (water view, 1 mile from the beach and listed below market price for 2 months with another realtor) with him or to list by owner with 5 % comm to the buyer's realtor?
3 other properties have sold during that time in this gated community at a higher price. PLEASE ADVISE!
                     
 




dt
Rating
Pick the best agent and move on


jeffrey k
You should sell with the realtor. The commision will be the same no matter. The buyers agent and sellers agent would just split the rate. It is set only buy the sellers realtor and is typically around 6% but there is no set amount.


Tony
Definitly choose the Realtor - You can write the commission off your taes anyway and MOST IMPORTANTLY - they have an E&O insurance policy - Basically if there is a mistake the Realtor has an insurance policy protecting YOU!

Trust me use the Realtor - too many benefits to pass up.


www.hqhomes.com
www.cabellahomeloans.com


Darren Meade
Rating
If you have decided to sell your home on your own, you’ve joined a growing crowd of For Sale By Owners (FSBO’s) in this area.

May I ask if the other homes that sold for more money were the same floor plans as yours? Did you visit the homes to compare?
Might they have had multiple offers which would mean another buyer wants to live in your gated community in your floor plan.

Did your Realtor have control of the marketing plan, or must they differ to a large agency?

Please know I'm not a Realtor, but I work with them every day and the age old adage is true. 80% of the sales come from 20% of the agents.

More and more people are choosing to work without a Real Estate Agent. The main reason: Saving Money.

But for the unprepared FSBO home seller, this process can bring them to their wit’s end. Unexpected calls, last-minute walkthroughs, and the thought of being stuck with two homes are all very real concerns. You could lose thousands of dollars in the process if you are not careful. I have a FREE Report which is designed to arm you with the information you need to sell your home fast, and get top dollar. We’ll show you:

• How to avoid the 7 Most Common Home Seller Mistakes
• How to get top dollar for your home and make it sell FAST
• How to ensure that you don’t waste time with unqualified buyers
• How to obtain our FREE “For Sale By Owner Survival Kit”

Mistake #1 – Moving Out before You SellThere are a number of reasons we advise you not to move out before you sell. The main reason is that vacant homes take longer to sell. Did you know that scientific test have proven, time and time again, that vacant homes are more difficult to sell, because they appear to be lonely, cold, forgotten places?

Mistake #2 – Not Developing a Marketing PlanYou might be under the impression that all you need to do to sell your home is put up a “For Sale By Owner” sign in your yard and then wait for the calls to come in. This is untrue, and making this mistake in thinking will cost you dearly. Think of other ways you can promote your home. By selling on your own, you are saving thousands of dollars you might have paid a Realtor®. Use a small portion of this money to market your home. Here are some specific ideas:

• Place an ad in the Real Estate section of your local newspaper.
List a few of the amenities, as well as how large the home is,
what the price is, and how the buyer can contact you.• Create a flyer about your home, with a photo of the home, a list
of its amenities, and how the buyer can contact you. When you
get calls from interested buyers, offer to mail them one of these
flyers or have them come by and pick one up.• Learn more about our “For Sale By Owner Survival Kit”, which
will show you how to receive buyer leads, FREE! It will also show
you how to get Top Realtors® to help you sell your home,
for FREE. More information on this FREE kit is available at the
bottom of this report.Mistake #3 – Improperly Pricing Your Home Price is the most important item to consider when selling your home. If your home is priced too high, your home will languish on the market for months and developed the unflattering distinction of “problem property”. If the price is too low, you will lose thousands of dollars in hard-earned equity needlessly. Remember - It's not what your house is worth, but what someone is willing to pay. You need to gauge market conditions properly for your area, and then set a bit lower than the average. If you price your house according to the market, it's not likely to sell quickly. That's because the top 10% or 20% of houses with the best prices are selling each month in this area. If your house isn't in that lower 20% range, then it isn't likely to sell as quickly...

You have a busy lifestyle and you shouldn’t waste time dealing with buyers who can’t afford to buy your home, or worse, with buyers who are not really interested, but why are just “seeing what’s available”.

Because of this, you need to ensure that everyone you deal with is a qualified prospect. We offer a FREE service that can pre-qualify your prospects for you, so you never have to deal with this issue. It’s included FREE as a part of our “For Sale By Owner Survival Kit”. To get the FREE report click here http://www.freerealestatesecretssoutherncalifornia.com/home_buyer.aspx

If you have any trouble spots in your home (i.e. - carpets that need to be cleaned, fixtures that need to be replaced, or paint that is chipping), you are much better off fixing these items yourself, instead of offering concessions to the Buyer to cover the cost of the work. By choosing not to work with a Realtor®, you are making some clear trade-offs. The biggest tradeoff is that you have to answer the phone, conduct your own open houses, and showings, instead of the Realtor®. Don’t make the buyer jump through hoops to get information about your home. Always return any calls from buyers as quickly as possible. Make yourself available to answer any questions they might have and work with the buyer’s schedule for showings. When someone shows interest in your home, but never calls you back, don’t automatically assume they are not interested anymore. Call them and follow up. This is not difficult and you should not be intimidated by the fact that it feels like a “cold-call”. Just use this simple script:

“Hi, may I speak with (Buyer Name)?” Then, when the person you want to speak with comes on the line, say “Hi, (Buyer Name), this is (Your Name). I’m calling because you had previously shown great interest in the home I’m selling. My house will probably sell sooner, rather than later, which is why, before it sells, I wanted to follow-up with you and see if you were still interested.”
By using the script above, you will increase your chances of snagging an interested buyer by 3-4 times. Always follow up. And ALWAYS be friendly, courteous and polite when dealing with prospects, even if they don’t seem like they are interested anymore... Mistake #4 – Wasting Time with Unqualified BuyersMistake #5 – Offering Concessions in place of RepairsMistake #6 – Lack of Access Mistake #7 – Not Following-up with Buyers Effectively Even if you have to hire a handyman to make the necessary improvements, it could still be 3 to 5 times cheaper to pay the handyman than it would be to offer concessions to the buyer at the negotiating table. For a list of items that you should fix ahead of time to avoid this situation, make sure you request a copy of our FREE “For Sale By Owner Survival Guide”, which includes 25 Essential Seller Tips. Information on how to obtain this kit is at the bottom of this report.

Mistake #4 – Wasting Time with Unqualified Buyers
Mistake #5 – Offering Concessions in place of Repairs
Mistake #6 – Lack of Access
Mistake #7 – Not Following-up with Buyers Effectively

We hope this FREE Report has been a great help to you. We want to help you as much as possible, and it’s our goal to see you sell your home faster than you ever imagined possible. That’s why we would like to offer you our FREE “For Sale By Owner Survival Kit”. Here’s what’s included: CONCLUSIONFREE “For Sale By Owner SURVIVAL KIT” CONTENTS:
• FREE! - The Home Seller’s Handbook: “25 Insider Tips for
FSBO Sellers”

• FREE! - Find out how prepared you really are with the
“FSBO Preparedness Checklist”

• FREE! - Never work with an unqualified buyer again! We’ll
provide you free access to our exclusive “Buyer
Screening and Pre-Qualification Service”

• FREE! - We’ll pre-qualify you for your next home purchase
to make you more desirable to other sellers and
give you the strongest possible negotiating position!

• FREE! - Full access to our VIP Home Buyer Service which will
allow you to see hot new listings, before other
buyers even know they're available!

Why are we giving all of this away for FREE? Simple - It’s because statistics say that you’ll buy and sell 5-7 homes in your lifetime. This will likely not be the last time you need a mortgage. We hope to earn your mortgage business the next time you purchase a home. We’re sure willing to try.


Mr Real Estate
Rating
How are you planning to market your home? how are you planning to price your home? If you ask even 5% over you may lose 70%+ of the buyers out there.

* According to Thomas M. Stevens, President of the National Association of Realtors for 2006, "Finally, the plain fact is that hiring a professional pays off. The typical home represented by a professional last year sold for 16 percent more than those sold without a professional’s help. That profit more than pays for the agent’s commission. Millions of homeowners know it, and that’s why they will continue to call on experienced real estate professionals."

Read More about why NOT For Sale By Owner... http://burlingamerealtor.com/serendipity/index.php?/archives/2006/02/20.html

Instead, invest your time finding a good Realtor and you'll win, in my opinion. If you would like to be referred to a highly qualified Realtor anywhere in the US or Canada, I would be happy to personally refer you.


drlasage
Rating
GO TO A REALTOR!


satarnag
Rating
List it with a Realtor and give him 1% and the buyer's agent 4%. Most people buy their homes by looking on the internet. Most MLS listings get pushed onto online websites like Realtor.com.

If you're in Southern California, give me a call and I'll list it for you.

Regards


Steve D
Rating
Do you want to do your own marketing?

Do you want to qualify buyers or arrange financing if they need it?

Are you willing to run your own open houses and deal with the public traipsing through your house criticizing it?

Do you want to chase down leads and do follow ups?

Can you handle the legal stuff, titles, liens, inspections, closing?

I bought my current house owner to owner but still employed a Realtor to manage all the paper work (for and arranged fee).

Decide how much time you have to invest and that 5% may be a deal.


Sam B
All the answers here are correct. I just would add that if there is any question in any seller's mind whether to hire a realtor or not, then I suggest you attempt to FSBO for a set period of time. If it sells and you are prepared to deal with it then great. If it doesn't sell then go to plan B and hire the realtor. In your case, that would be the realtor who is obviously dialed into your market.

As an agent and loan originator, I am more than willing to lend a hand with a FSBO if they give me the opportunity to either work with the potential buyers on their mortgages, on the owner's new place, or anything in between and for the opportunity for the listing if and when you decide to list.

As far as your deal, why is the property not selling? If you go FSBO then I would only offer a 2.5-3% commission with a $1000 bonus to the agent if sold by a certain date. If you offer the 5% commission then some of that may end up with the brokerage firm. The bonus can be paid direct to the agent. You save some money and the agent will benefit as well since a 5% buyer's premium is not customary unless it is raw land. Your other concern would be as an FSBO you will have to pay a MLS listing service to market to buyer's agents. There are also several free FSBO listing services out there. WWW.craigslist.org and www.virtualfsbo.com. I have had success marketing on both.


 Enter Your Message or Comment


User Name:  
User Email:   
Post a comment:







Archive: Forum -Forum -Finance - Links - 1 - 2 - RSS - All RSS Feeds
The Causes and the Results. 0.004
Copyright (c) 2011 Financial Crisis Tuesday, May 29, 2012 - Terms of use - Privacy Policy