Archive for Realtor
Real Estate agent question. House for sale or rent?
Posted by: | Comments
I have a house listed for sale but its not selling still after 5-6 months of being on the market. It is an investment property which I just fixed up hoping to sell quickly. Can I still keep a realtor to try to sell it and I try to rent it at the same time and which ever one comes first thats what happens (an open listing)?
What can I do to help sell my property?
Posted by: | Comments
I have a condo that I’m trying to sell, my realtor is ok but I’m sure there have to be better ways to get exposure for my property than just MLS. I’ve posted an ad on craigslist, but there has to be more ways of getting people to look at your property. Has anyone got any good suggestions?
I’m the California Bay Area if that helps.
Thanks!
Can I sell property for a friend and accept a commission if I’m not a licensed realtor?
Posted by: | Comments
I am an investor of real estate with currently 2 dozen properties. I have sold properties of my own without a realtor. But a friend wants me to sell a property for him and will give me a commission. I am not trying to avoid paying taxes on the money, just want to know if I can do it legally since it is not my property?
Some questions on a short sale property ?
Posted by: | Comments
I have seen a short sale property and I have some quick questions:
1) Does the sellers lender(banker) has to approve first to list the property for short sale ?
2) Who picks the sellers realtor ? is the sellers lender ? or the seller himself ?
3) will the sellers realtor every contact the sellers lender for any info ?
4) Who decides as what price can they accept for the short sale property ? Is it the seller himself or the sellers lender ?
5) Does sellers banker ever give a $$ amount which the seller can accept for the short sale property ?
6) If the seller accepts a offer and then forwards the offer to his lender ? Does the bank usually say’s OK to that offer ?
7) Does the lender ever give a price to the seller before listing the property , so this way the seller know as what offers they can accept ? This way it helps the seller to cut down time, rather than seller accepting the offer and the afterwards he forwards to his bank and then bank rejects it.
Understanding foreclosures and banks?
Posted by: | Comments
We scheduled to look at a bank owned property tomorrow at 5pm. The realtor working with the bank told my realtor they were looking to “get rid of it” and wanted a quick sale. The bank put it up for auction, but had no bids. They have owned the property since June 2007. Mysteriously there is another couple looking at that same house tomorrow and asked if we could view the house at 5:30 instead. Is this the banks way of making it seem that someone else wants it so we’ll offer more money, or are they being honest?
Please HELP!!
Are there any tips you may have to selling your house For Sale by Owner?
Posted by: | Comments
I am wanting to put my house on the market and sell it quick. In order to not lose any $$$, I need to sell it with out a realtor. Are there any tips that you may have to selling for sale by owner? Also, I am a single woman so what are some ways that I can keep myself safe while showing the property? Are there any red flags to be aware of?
Thanks!
I work at a title company so I have access to all the information as far as paper work goes.
rent or buy for 3 years, then move?
Posted by: | Comments
I’m getting married in May 2009 and plan to buy or rent a hose by about that time. I can’t rent an apt, it has to be a house for enough space for my home business.
IF I buy, I’d really like to buy way under my means at around $120-140K (already approved for $275K in August) and pay it off really quickly. Using calculators and such, I estimate I could pay off that entire mortgage in 3 years (no car payment, no kids, tight spending).
I want to stay here in VA for 3 more years so I can stay closer to our two families just a bit longer, but all our lives we have wanted to move further south where it is much warmer (both seasonal depressants when it comes to winter).
In 3 years when we do move, it will definitely be a more permanent home.
So in these 3 years, should we rent or buy (with the intention of fully paying off the house before we move)? The market here has not experienced a decline really and my realtor friend says the average around this area remains at 6-8% appreciation each year, but he could just be *saying* that.
thanks so far guys, thats been good info.
I’ve been doing some more math, and with just living in the house for 3 years then selling, it would be throwing away about $36,000 on interest, tax’s, and insurance. Even if the house value went up a few %, any maintenance needed and closing cost’s would eat that profit entirely away. (all math on a $150K home with $30K down at 7.25%)
The only principle I’d get back out of it in the best case scenario I see would be about $4000 in payments to principle from the 3 years. In total spending $40k in 3 years, and coming back with $4000 (from principle).
So if I can just find a rental for $36K over 3 years ($1000 a month) and just invest the $30K down payment, I’ll actually make off way better eh? Or maybe I can ask the rental owner for a 5% break if I pay 2 or 3 years up front?
I guess the only other question I could propose would be if I bought a foreclosure at a really good deal and sell it with a 10-15% gain? or buy a fix’er upper or even fix up the foreclosure and gain 10-15% in 3 years?
How do you buy property for the first time?
Posted by: | Comments
My rental contract expires in June, and I would like to buy a place of my own if possible (a condo probably). What steps should I take to do this? Where would I look for property that is up for sale? Do I need a realtor? How much credit do I need? What’s the typical down payment? How do I get a mortage? Etc and so forth.
I have two answer.
1) If put back to settlement, it is not taxable. It only reduce your purchase price, when you sell your investment property, you have to pay tax. You only need to pay tax if you get check directly from the builder.
2) Another group think 1) only apply to second home. For realtor buy investment property, even realtor put rebate back into settlement, they still have to claim it as income and pay tax on it.
Which one is true, any website as support document? Thanks.
If the law will be different from state to state? I am in Maryland.