 Are house prices to high? |
| the cost of houses are too high the first time buyers can't afford to ... |
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 Wow, why does everyone on here bash people who are on low income housing??? |
| I'm not at the moment but am thinking about applying. Our rent is a little too high compared to our income. I stay at home and watch our 14 month old son while my husband works. I'm not ... |
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 Does paying your first house payment the day you sign your morgage papers really knock 10 yrs off a 30yr loan? |
| my mom said she heard sopme expert on TV say so. I would really like to know. People who lend money please respond.... |
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 Do I need to disclose that my house is haunted when I sell it? |
| I can't really prove that it is. But every time I walk in I hear "Die! Die! Let your blood flow into the earth below!". While I have gotten sort of used to it over the years, I am ... |
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 My boyfriend and I are looking to buy our first house, no idea where to start with mortgages etc....? |
| we've been livin in rented accomadation for over a year now and want out! need advice on what mortgages and what type of mortgages are best etc. also we have a limited amount of funds, ie around ... |
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 Which is more fun: buying a house or buying a new car? |
I am considering doing both right now, one or the other, actually. I find researching and looking for the right car to be
much more fun than researching and looking for a house.... |
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 Am i out of order to offer a lot less then then asking price on a house? |
| i have seen a house that has every thing i need but i think it is well over priced it is on the market for 197,950 it needs loads of work it is a real mess what do you think if i offer 175,000 in ... |
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 OK, the mother in law is on title , cause she was the Realtor when house was bought? |
| long story, married wife, mother in law is a relator and broker. got married,rented a condo from mother in law,years later moved into a house she owned,payed rent to her. few years later, she ... |
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 I'm afraid I might be homeless soon...what do I do? |
I have been living with a friend of mine for the past month, bc I am doing a dental assisting externship and am not getting paid, therefore, don't have any income.
Today we had a falling ... |
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 I bought a house with my boyfriend, both on mortgage and deed. broke up neither one of us wants the house.? |
| I paid for all of the move-in expenses, including renovation, realtor costs,etc. We bought a house 1.5 years ago. Now we broke up, he does not want to give me the house, does not want to take ... |
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 Earnest money related to New construction? |
The builder is requiring us to put down 10% of the pucrhase price as earnest money, but directly to him an not in an escrow account.
Or asking for 10% (allowing escrow) plus 5% promissory ... |
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| Can I afford $1200 per month for rent with this salary? help me!? |
| I'm looking for a 1 bedroom place in a nice area of Brooklyn or Jersey City (close to transit so I can commute to NYC for work b/c I have no car).....if I make $35,000 a month can I afford rent ... |
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exitbrian.com | Why are so many people trying to buy or sell Real Estate without the help of professionals? |
People will hire an attorney to fight a $200 traffic ticket or run to a doctor at the first sign of a cough but will try to buy or sell their home without an agent. I just don't understand! |
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Miza
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First off, you make more money. You should've seen the show 20/20 where they explain that stuff. |
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acermill
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As a real estate broker, I tend to laugh at those who go the FSBO route. They do all the work themselves, and pay for all the advertising. When they DO find a buyer, the first thing the buyer does is offer 6-7% LESS than the proper price, because the seller isn't paying a realtor.
FSBO sellers attract the same sort of folks they are. Buyers who want that real estate fee in THEIR pockets. Most FSBO folks cave to the demand in short order. |
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hailey
 |
money,
and sometimes lack of knowledge
more than likely a professional could help you negotiate a deal that in in your better interest than you could do for your self |
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KayDee
 |
Realtors make way too much money in my opinion for the work they put in. I've sold 2 homes now through a realtor and next time I'm selling it by owner. I'll end up with an extra $18,000 in my pocket. The last home I sold to the first person that it was showed to, so the realtor made that much money for listing the house and showing it to 1 person? Wow not bad for a couple hours of work. Maybe commission should be based on how much work they put into it and how long it takes to sell? It's crazy how much money they make but all the power to them. Easy money! |
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California Dreamin'
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Also, the price you pay for a real estate agent can be staggering! If you do some reading and are dedicated to doing a lot of hard work, the benefit definitely pays out in the end. |
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jessicas127
 |
To save money, B/c real estate agents rip u off |
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rollingsaab
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they want to save money on there house thats the reason especially know that the econmoy is not good alot of people are struggling to make the extra dollar |
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?
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It seems like a useless cost with the housing market as difficult as it is right now.
And I feel personally, if you are honest you can sell your house better than a stranger no matter how professional they appear to be. |
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Danny42378
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To avoid paying a commission to the real estate agent. Its the same reason people trade stocks without a broker, mow their lawn without a landscape engineer, or exercise without a personal trainer.
Lawyers and doctors go to school for two and four additional years respectively to begin practicing their craft, at which point they essentially apprentice as residents or junior associates. Real estate agents pass a test.
The entry barriers to professions, and the level of specialized training, is the reason that the specialties of certain professions are not available to laymen the same way others are. |
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The Recession
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If you read the contracts, they are designed to protect the agent. AND agents aren't all honest. I know his guy who knowingly sold a house in which the foundation was sunk slighty. They sell to make money, but their services are not necessary. As Long as you know the laws, you won't need an agent. |
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kthor
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well Real Estate Agents have ratings well below car sales people .. Maybe if the industry starts inforcing it's rule of honesty and etc .. people would start trusting agents again .. |
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Kelli
 |
Most people got into a house with a "bad" type of loan. The payments go up as interest rates rise. It usually takes about 2 years for the home owners to be in a position where they can no longer make their payments. In two years you have "nothing" in your house. You have basically been paying interest on the loan. There is NO equity. (It usually takes 5 years of living in the house to "break even" when you sell it.)
A realtor will ask for 3%-8% commission. If the house sold, probably below market value, the home owner would lose that amount. And they were strapped for cash in the first place. That's why you see so many people FSBO. But only 10%-20% of FSBO houses sell. |
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denzel j
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I guess the obvious answer is avoiding the cost(commission to the agent). Especially in this era of the real estate slump, anything that will make you sell a real estate at the best price will go a long way to help. Remember adding the real estate agents commission will make your house more expensive and taking it out of the asking price is also going to leave you with less cash. if you can handle the stress, work and commitment, give it a shot. |
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Krishnamurthy v
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Real estate agents are not middlemen now a days. They operate not with commission or brokarage. They try to bridge the gap of sale price with purchase price, but undervaluing the price at seller end and hiking the buyers choice. The gap is looted and shared by the profession als. Secondly, if the deal is ending in rotten legal problem, the professionals are absconding. |
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ed
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I for one will use an attorney.
After 7 BAD experiences with "professional agents", duhhhhhhhhh! |
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Gerald
 |
Any person who hires an attorney to beat a ticket is not very smart.. They call it more money than good common sense.Same in the real estate world ... Use good common sense and anyone can save thousands by sell by owner... Buying is not a big deal... Read a book and find out |
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ELVI
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because anybody can do it themselves, so why give money away just because someone says you cant do it by yourself. people cut their own lawn too and some people pay for that to be done also, go figure. |
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squigasquiga
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with the help of web sites selling houses without professional help has become easier by the day. also, comparing the services of a doctor or a lawyer to that of a real estate agent is absurd. each have years of school devoted just to getting a degree. real estate agents do put in work to get their liscense but it is not even close to amount time and effort of lawyers and doctors. |
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hans2
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because it takes longer and is more expensive through professionals |
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kat_sparrow
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It's a question of where to spend your money. If I were selling a house, I'd use a Realtor. If I'm buying a house, I wouldn't. With the money I save on the commission, I'd be able to afford a professional home inspection. A Realtor isn't going to protect my rights better than my attorney, or get me a better deal on my mortgage than I can find myself by shopping for a bank.
A Realtor is looking to get the biggest commission possible. It only makes sense to use one to sell your home ... they'll get the best price for it.
I think it makes sense for SOME people to use one to buy a home. Not everyone is knowledgeable enough about it, or there are people who have enough money that it's not worth the trouble doing it themselves.
People who spend $200 for an attorney to fight a traffic ticket are probably people who can't have any more points on their license, or who have such bad records they could lose their insurance if they get any more marks.
People who run to the doctor at the first sign of illness are trying to prevent something more serious. They can't write their own prescriptions, or give themselves medical tests. It's just not the same thing as trying to save a Realtors commission. |
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Terry S
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Most people go it alone because they think they can.
"don't tell me what to do" is a progam everyone has.
What they don't get is one mistake can cost them more than the commission they are paying the agent.
When houses sold in a matter of days for more than full price it was hard to justify paying an agent.
Now that homes are sitting on the market for much longer than in 2005 the decision becomes easier.
Terry S. |
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Joel
 |
because 99.9% of agents are horrably lazy, and grossly overpaid. and people just dont want to deal with that level of people. There are true professionals, but they are so rare, that you are better off looking to be adopted by a rich uncle and giving your property to a cherity.
times cange, and there isnt room for a leach to suck 7% out of every deal I know what I have to do to make $20,000, and it is alot more than they do!...... people are finding out that the emporer has no close, and quit believeing the crap about them being professional and adding value to the deal in that amount.
Obviously you are an agent or know one well. so let me give you a little business advice which will grow your business by leaps and bounds
be honest!.... agree on the value of the property. take $1000 if it sells for that price, and 40% of anything you can get over that... If you cant agree on a purchase price, walk away..... why would a person agree to pay you 5-7% o
Do a 1 page agreement that says If I bring you a buyer, I get paid X amount.. ....no tie you up for 6 monthsand I get paid no matter who brings you a buyer.....
put your money where your mouth is... that person is betting that you will get the job done...you bet that you can too!
put out an ad that says if I cant get your place sold in 90 day for the agreed price I will pay your interest payment for that time......or something where you take the risk for your abilities...
oh!.... I have several sizable properties listed right now with simaler terms... I deal with those people because they perform, and garentee it.... I dont buy effort, I buy results.... sell results, and you will be amazed |
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Dart Swinger
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You don't have to be an agent to buy/sell real estate. After my most recent experience in using agents for buying and selling, I'm tempted to try it myself the next time around. The realtors were more trouble than they were worth. They represented the other parties much better than me. |
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emptywun
|
They want to save money...and as long as they have a simple transaction with no hiccups they can probably get away with it. I think it's kinda funny that people are willing to pay a bank many thousands of dollars in interest without complaint but want to dodge paying a broker/real estate agent to help make sure all the t's get crossed and i's get dotted so they don't get sued. Oh well...best of luck to them.
Most of these people gladly pay a mechanic to correctly diagnose and repair their car, a roofer to come re-roof their house, etc.. Why not pay a professional to do the job right? |
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michael k
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because it will save them significant amount of money and i mean the expensive your house for sale is the more money you can save, people nowadays like to sell their homes as "for sale by owner" to avoid huge realtor-based commissions, I myself sold my old house in ft lauderdale, as i browsed through the internet i came across the website: http://sureflatfeemls.com the best way to save myself from big commissions and sell my house faster is to sell it by owner and put it on a local MLS (multiple listing service) wherein i paid only a flat fee to get realtor representation without the strings of commissions. alas after 4months my house was sold "for sale by owner" you can check http://sureflatfeemls.com yourself and learn more about why many people like me chooses to sell/buy homes without the conventional realtor/agent representations. |
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1chunx4u
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iam with you...it makes no sence to me either. its actually kinda funny. |
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glenn
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I have "friends" that buy houses from unrepresented sellers for fifty cents on the dollar. They are able to take advantage of them by playing to their fears or by "sticking it to them" at the last moment when the seller has committed themselves and can't change their plans.
Those same "friends" sell those houses on "rent to own" plans to people that can't qualify for a mortgage. They sell them for a very high price and a very high interest rate.
If you buy or sell without a good experienced agent on your side you may make a mistake that cost you huge bucks. |
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Bryer B
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I agree, its ridiculous what some will do to try to save a buck, i would bet money it ends up costing them in the long run. |
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Luv2Answer
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As a seller I can't afford the $28,000 fee (7%) on my house so I am considering doing it myself. The alternative is not moving at all. |
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