 Its first time Im going to be showing potential buyer some homes, What should I do to prepare? |
Additional Details
I realize that I am selling a home and what not, I should have clarified. Like what should I put in the Buyers packet, should i get the guy under contract, what ... |
|
 How do I remove one person from a mortgage, and add another? |
| My boyfriend and I are getting married in a year. He and his brother own a house. His brother wants to move, and we want to stay. How do I get the brother off the house and pay him his share of ... |
|
 Called the landlord but still I have no heat, what can I do? |
| Let me start out by saying I live in the state of Missouri, I know laws can vary state by state. Also I'm in no way wanting to screw my landlord over, I just want to do whats fair and have him ... |
|
 Never Signed a Lease ! Never Moved In !? |
| New Hampshire RE Rental question? I placed a $200 deposit for an apartment. The landlord and I could not find time to meet to sign the lease. He dropped the keys and lease at my current apartment. I ... |
|
 Looking for grants for first time homebuyers? |
| I am looking at grants to help me purchase my first house and was wondering if anyone has herd of this site FreeGrantSearch.com? I go to it and they say that x amount of dollars is available in my ... |
|
 Is it legal for a landlord to demand to be added to your contents insurance policy as an interested party? |
| My landlord is telling me that she needs to be added to me & my wife's contents insurance policy as an "interested party". I have serious doubts over this as I don't know if ... |
|
 Should I get an FHA loan? |
| My credit score is about a 690. I can afford about a 10% down payment. My question is, should I get the FHA loan, or should I go with a coventional loan? Either way, I would like to do a 30 year ... |
|
 What exactly is Payoff balance for a mortgage? |
| Specifically i would like to know why it is different than the principle balance, i can only expect it will be higher than the principle balance? But generally speaking how much higher? I know i ... |
|
 Should i just abandon my house? |
| well, 2 years ago i bought a fixer uper house, and for the last year ive been trying to get a permit and ive been denied and denied and denied because federal law from FEMA says i cant build big ... |
|
 If i have bad credit rating will it affect my partner getting us a mortgage, he works and im stay at home mum? |
Additional Details
we are not married, but when i was phoning the bank for my partner i asked her if my credit rating would affect it and she said no as its different when it comes to ... |
|
 I have put in an offer on a house, now what? I am worried that I will not qualify for any loans.? |
| My husband and I are trying to qualify for a FHA or First-Time Buyers mortgage, but I am worried. He has awesome credit and I have weak credit. Can we still get a house?... |
|
 Can't get guests to leave my house and Arizona law says I have to follow eviction route - please help? |
| Alice and her 19 year old son came to Phoenix from New Jersey in May looking for a fresh start, I let them stay in my home. Now three months later, I've been totally disrespected,am owed money, ... |
|
 Want to sell duplex in florida, but tenant is giving me a hard time. What can I do? |
| I have a duplex that I would like to put up for sale in Florida, but my tenant on one side of the duplex is giving me a hard time. She signed a lease in February of 2007 and was told prior to ... |
|
 What would you do? |
| Would you rather continue living in your house (that you own.. still owe a lot on, of course) that you can only BARELY afford (to the point where you have no savings)... Rent out your home and still ... |
|
 Room mate went to jail- are we responsible for his rent, etc? |
I live in a house with two other people. 2 days ago, one of them was arrested and is currently in jail on 4 felony charges.
My first, most important question, is that rent is due in a ... |
|
 Can a IL. landlord turn down a ex felon? |
Additional Details
I'am not the felon I know a 28yr old kid who at 16 was in the wrong place at wrong time. I had hoped I could help him.... |
|
|  |
dizzyd | Why do real estate agents on the buyer's side refuse to work with for-sale-by-owners? |
Additional Details
In this scenario, I would be the owner selling the home myself. And I would be offering 2.5% commission to the broker/agent that brings me the buyer that ends up purchasing the home.
|
 |
 
Bill S
|
People "sell by owner" to save money - primarily the commission. If the agent isn't getting a commission, they will discourage anyone from even looking at owner-sold houses.
It's called "self-interest", not your interest.
If you are interested in such a house, go ahead without the agent. Everyone can come out ahead. Who do you think pays the agent anyway? The house price is inflated - meaning the buyer pays. |
|
underhillprop
 |
The buyer is selling this way to avoid the realtor commissions which they kind of like to get. The realtor isn’t working with another realtor so it’s harder for them. Will the seller be a flake, does he know the property is overpriced, will he come down in price, will he be emotional since it’s his house, does he know the process, done the paper work, lawsuit problems? |
|
W. E
|
If you are doing a For Sale By Owner - you may want to try a Broker - Why? A Broker works with his/her title company, and orders the sellers payoff on the sellers mortgage, the title company orders title for the buyer and seller, orders all the inspections, etc - A For Sale By Owner is not that hard to do - if you work with someone that has done them - The realitor uses your Broker or Lender to get the information, the Realitor does order the inspections - but the Broker can do that (or his/her processor) It is the way to go - if you need seller help toward closing cost - Have found sellers are more motivated to help YOU get into the home - than paying a realitor....
I normally tell my clients NOT to hackle over the price, since you are asking for closing cost help - especially if the home is thru a realitor, and the seller has to pay the realitor their fee which runs from 3-6 percent of the selling price, and you ask for 3-5 percent toward closing cost -assistance) Follow me so far??
Talk with a broker, a broker underwrites for many company's (I underwrite for 150 companies) so I only have to pull credit 1 time, and they look at my credit. A single lender (not a broker) has programs available, but they may not be able to help you and your situation, so you go elsewhere, and than that person pulls your credit (see what I mean.) If you shop, your credit is pulled and that is considered a soft pull, for a 30 day period. Just like shopping for a auto, it is good for 30 days. If you apply for a credit card, that is considered a "hard" pull and it drags down your credit score. When looking for a home, please do not apply for a credit card, Department Charge Card, Gasoline Card or make any major purchases, like a auto, etc. This will pull your credit down. |
|
SCCRealEstateUNCENSORED.com
|
First of all, it's not because of self interest or anything else.
Simply put we have a job to do which is to represent our buyer's best interest. If the FSBO is not willing to pay for the commission to the buyer's agent than I cannot do the work to represent the buyer's best interest. By all means the buyer can contact the seller and they can do the transaction on their own but who is looking out for the buyer if the seller is trying to take them for their money. If my job is to protect the buyer's interest, and just like anyother job in the world you get paid to do it so if I dont get paid I cant work. Would you?? |
|
goz1111
|
unless the seller, fsbo offers a 3% to buyers agent then no agent is going to show fsbo because they will not get paid their commission why work for free |
|
frugernity
|
There is no reason for a realtor to bring a buyer to a FSBO unless:
+ The agent is to be paid by the buyer, or ...
+ The seller is willing to pay the agent
An agent's first preference is to sell the buyer a home that they are selling, then to sell them a house that another agent at the same company (e.g. HER) is selling, then to sell them a house where the selling agent splits commission. |
|
SUSIE
|
the money. |
|
amolheda
|
Hello,
Great question! An agent helping a buyer should not ignore any properties that a buyer might like. But as has been pointed out by other answerer's, since the Agents think that they might not be compensated for all the hard-work, they shun away from such transactions.
In case of an FSBO, both the buyer and sellers are trying to avoid any commission payouts. Not just the seller. I have also lost buyers in my case because of this attitude. But it wasn't just because of the buyer attitude, it was because of my inability to explain the intricacies of transactions. Secondly, the Agent needs to understand how s/he facilitates the FSBO and helps both the buyers and sellers close effectively.
A better attitude prevails if you work with an appropriately experienced buyers agent.
I hope that helps.
Disclosure: I am a Licensed Realtor in San Jose, CA. |
|
Paul D
|
Even if a FSBO offers a 3% commission, the realtor usally ends up doing twice the work as most FSBO do not have a clue on how it works and what to do, so the agent ends up douing double duty for 1/2 the pay. I DO work with FSBO that will pay 4% Commission. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 15 minutes(s) ago
| | | |
9 | 20 minutes(s) ago
| | | |
9 | 37 minutes(s) ago
| | | |
10 | 3 hour(s) ago
| | | |
9 | 4 hour(s) ago
| | | |
9 | 8 hour(s) ago
| | | |
9 | 11 hour(s) ago
| | | |
9 | 1 day(s) ago
| | | |
9 | 3 day(s) ago
| | | |
9 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Renting & Real Estate 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
