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| we don't need all the money that we were approved to borrow for the purchase price of the home, but if we use some of it to pay off debt then we can have one low monthly payment...have you ever ... |
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 Feds cutting 3/4 of a point, what does that mean for home refi? |
Hello,
I've been stuck in an option arm loan for about 3 years now. I like to refi as soon as possible, but really havent notice rates dropping by that much for a 5 yr interest only ... |
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 Do you have to have a down payment to buy a house? |
i dont think you have to have one, but in order to get a lower payment you would need one right?
Additional Details
hey mark! tenn. is where we are planning to buy i need to get up with ... |
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 31 living with his parents? |
| rented out his property(900 euro a month) and sold his car to make more money.He earns 1200 euro a month after tax(less than 1000 pounds,1800 dollars after tax a month) and found it quite hard to ... |
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| I have been living in an apartment to which doesn't have a working shower!! Yet I still keep paying the rent! The landlord granted is a friend but she has been saying she was going to fix the ... |
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 If you are a renter and a child drowns in pool you rent from, is the owner of the home responsible? |
| If you are a renter and a child drowns in pool you rent from, is the owner of the home responsible? No, this has not actually happened but a friend of mine owns a home that she'd like to rent ... |
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 Tax returns vs. W-2s mortgage question...? |
When applying for a home loan, do you need your tax returns or are your W-2s and bank statements enough to document your income?
Additional Details
Hmmm... I was hoping not to see ... |
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 Can I be sued for buyers remorse if i was unable to get financing? |
| If I am in contract to purchase a home and I was unsuccessful in getting the financing approved based on the contingency clause to buy their home without the sale of our home. I request a release ... |
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 Can I legally kick my parents out of the house after they have lived in there for over 30 years? |
The house is in my name, given to me by my late grandfather. They're paying me rent with no written contract.
They aren't preparing for retirement, there will be a day when they ... |
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 The driveway i rent is always blocked by the owner's family..what should i do? |
| i have my car and i rent an indoors driveway...almost everytime i take my car out or go back in someone is blocking the driveway..be it a neighboor or a family memeber and it is getting annoying..... |
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 Any Landlords out there??????? |
| My tenants of roughly 6 months had told me that the outside porch carpeting had gotten extremely wet and moldy after the long winter. One of them told me that her father would replace it for me for ... |
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 Can my landlord's wife break my lease? |
I am currently residing in a home on a 4-year-lease ending in 2010. The lease is in writing and on a contract.
My landlord and his wife own the home we are renting but have recently ... |
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 What should my parents do? |
| ok here is the story my parents sold our house and we built a new one, brand new and they needed money from my aunt to finish it. now we got the money from her and now we have to pay her back, but my ... |
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gjr1899 | Is it unethical to use more than one real estate agent if I am buying a house? |
My wife and I are planning to buy a house, ZIP realty will give us a certain amount of $$ back for using them, and another company won't. Problem is, the ZIP realtor has strange hours, and we will not be able to see as many houses. If we use both ZIP realtor and the other realtor, is this unethical? Do people often go with more than one realtor when they buy a house? What is your experience? |
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Amanda H
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It's okay to have two realtors show you homes. But just know that if you are shown a house at 123 Blue Street, and you want to buy it, you MUST use the realtor that showed you the house. You cant have Realtor A show it to you and then use Realtor B to write the deal. It's called an "implied contract". It's a grey area, but it is certainly unethical to do so and can be considered illegal in many areas.
Why not tell the better realtor about the cash bonus the other person has? They may be willing to matchit.
And in my experience... a bad realtor is NOT something you want.... they dont just write the deal, they handle negotiations (and tons of fine print-- I did a sale once and the seller's agent didn't even notice that we'd taken $3K off AND asked for $4K in closing costs-- so they thought they were getting $4,000 more than they were!! The other agent had to give up her commission to make up half the difference.) and they're responsible for getting the escrow set up, the insepctions, the bank coordination, everything. It will be a nightmare to use someone you cant get a hold of. |
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Blue Sky Dreamer
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Just make sure you don't sign an agency contract with either of them if you want to go this route. Agency contracts guarantee the realator gets compensation for any house you buy.
On the other side, agency contracts are good if you want to use one agency because it means that agent is working for you and only you. That agent cannot get together with the seller and work for the seller at the same time he/she is working for you. The agent has to take your best interests to heart if you have a contract. |
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Susan G
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It isn't very nice to use one realtor to see homes and then buy the house using another. Beware of realtors with odd hours who won't show you all the houses and offer deep discounts - you often get poor service. I have seen too many buyer's agents foul up a closing or a sale with incompetence and negligence. Your realtor should be your advocate through a complicated legal process not some firm that will limit your choices and be unavailable to assist you.
Ask for the same amount of money back from the other realtor - often they'll work with you to get you to use them to buy the house. |
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gmommy
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BEWARE of "Discounts" ....in any real estate transaction you, the Buyer, have a say so in each and every aspect of the negotions of your contract from offer to binding agreement, to inspection, choice of inspection company, pest inspections, choice of pest inspection company, closing attorney choices etc. Those companies offering you "incentives" are NOT looking out for your best interests, many are looking out for their own. They may have in place "agreements" with the companies offering these "incentives" and they often profit from mistakes that could be costly to you in the long run.
You should be able to choose your lender, type of loan, appraiser, inspectors, title & escrow companies, hazard insurance, closing attorney as well as the Real Estate agent you prefer.
FYI...As the "Buyer" you do not pay pay your RE agent the "Seller" does. However, ther are instances when the "Buyer" can be forced to pay a commision that may be due to the RE agent in the event that they do as you suggested above. READ ALL CONTRACTS...(sorry for yelling) and don't sign or enter into an agreement with an agent unless you intend to allow them to represent you. Perhaps your failure to sign an agreement/contract with ZIP is why ZIP has unusual hours and is hard to reach. He may "feel'" you are playing both sides of the fence. We work hard for our money too.
P.S. Most people use one "reputable" agent. Word of mouth is the best tool...talk to friends and relatives that have bought or sold property and inquire as to who or what company they used. People that do good work get talked up and about. |
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patrickmcc55
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It is unethical for ZIP to rebate money to you. However, realize that if a realtor first shows you a proerty, and then you go to ZIP to close the sale, you will be legally responsible to reimburse Realtor 1 the entire commission. |
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mazziatplay
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Ye it is unethical to use more than one agent. These are professional people who are performing a service for you. Their time is money.
How would you feel if you spent your valuable time searching the listings, previewing properties, talking to the listing Realtor for details so that you could save your client from looking at properties that from your detailed conversations with them would simply not be worth their time to go look at, coordinating viewings, and then found out that they had no loyalty to you?
Do your homework, pick a professional and then let them do their best for you. |
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cnoela21
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yes it's unethical. Also you really aren't using any realtor if you haven't signed a buyers' rep agreement. So if you're wanting the benefits of the ZIP realty then you might want to check to see if those apply if you don't sign an agreement. If you use more than one realtor then one or more realtors aren't going to get paid for the time they spend with you showing you property. Think about this way, would like to go to work and not get paid for your time because they decided to pay the person in the next cubicle because he offered something up to them. You're basicly asking the other REALTOR to work for you for free. No that's not what we do, we work with buyers and sellers to find them what they want or need. |
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Julie
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Many agents make you sign an agreement that you will work exclusively with them. If they don't, then I don't see any problem for you if you work with more than one. But it may be more of a hassle than it is worth.
Plus, if one finds you the house and you purchase it through the other, then the first agent does not get paid. Doesn't seem right to me, but it really is your decision. |
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Lola_Baby
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you should find a realtor you trust & like and stay with them. If they provide you with excellent service and come through with their promises than you won't need to find a new realtor. The problem with having more than one realtor is that you might end up confused, will have multiple appointments, you will be dealing with multiple sellers and it'll just be a big mess. On top of that if your realtor finds out your "shopping" your options they won't want to waste their time trying to help you out when you are not loyal to them. Yes, they are trying to get your business but they will not give it a minute of their time if they know your not "their" client. I can see why it would seem like a good idea but honestly, i say go with the one you feel is in your best interest. |
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beachgirl
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Depends on how you define morals and values. Realtors get paid a commission, so lets say they do all this work for you, show you a million houses (don't forget its usually in their vehicle and gas), help you get a loan, inspections, contracts, and etc. If you don't buy with them then they get nothing. Any question can be answered with this simply question, "Would you want someone to do that to you?". It's your call. |
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INC0GNIT0
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you should see as many as possible...you can use the services of as many realtors as you want! It is their job!
Good luck in finding your dream home!
:) |
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?
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when I was selling a house several years ago, only one realestate is hired and you have to sign a contract with them for six months or whatever their quota is. But they in turn, say multiple listing , can have also other realtors show the house you are selling. But the main realtor you hired makes the commission, and in turn, if another realtor is responsible for the buyer, they will also get a certain commission also from the realtor whom you hired. Hope you can understand what im trying to tell you - its sort of confusing. bettyk |
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