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Q:Tips for negotiating the best real estate cash deals.
I doubt you'll find any real estate agents wanting to give out any real free advise. There are several reasons for that not just wanting to earn a commission. My two cents: It all depends on the market, property in question, etc. If I am selling in a hot neighborhood that is fetching asking and above asking price offers, you can offer me cash all you want. It maybe a deciding factor between two similar priced offers since you would be able to close faster on average with all cash but that is where the advantage stops. In fact, I would push the issue and either one of you would be raising your asking price. If closing fast isn't an issue then having cash is generally not any more of an advantage to having an otherwise qualified buyer. If you are in a buyers market, you could expect a minumum 10% reduction. I would personally offer 20-25% for cash assuming that the seller isn't in obvious desperation or should I say motivated to sell and willing to entertain offers. I am not going to say that it doesn't hurt to ask because it could destroy any credibility if you really low ball someone. If you do, have your ducks in a row and be able to show why your offer is in fact reasonable. A lot of people base the asking price on emotion and not necessarily fair market value so your job as an investor or agent is to bring them down or up to reality.
Q:would you prefer a real estate agent with tattoos who is relaxed and easy going, or someone who drives a nice car and suit and both are equally helpful?
Why can't I have both? There's no reason an agent with tats can't drive a nice car and wear a suit. If it's my choice of the two, I pick the latter. Not because the first agent has tats, but because the second one has a nice car. If I'm running around all day looking at real estate with this person, I want to be comfortable, not jammed into a 1992 Nissan Sentra.
Q:If a real estate agent is aware of a judgment on a house and doesn't make sure the necessary documents are filed in regards to the house/judgment, can the real estate company that the agent represents also be held liable?
This appear to be a title company responsibility. Real estate agents can not remove any lien against any property if they knew or not. I hope you closed your real estate transaction through a local title company. If not then there were problems from the beginning. A title company would make sure all liens are clear prior to the closing of a real estate sales transaction. Title companies are required to deliver to the new buyers a clean title, with the exception of the mortgage loan that the buyers incurred in the purchase. The answer to your question is you may sue anyone you want, however, in this case the real estate agent or company would not be the proper person or company to sue as the real estate agent or company is not a part of a title company. It might be that the title company did not discover the lien for some reason. I hope this has been of some benefit to you, good luck. FIGHT ON
Q:I work part time and go to school full time. I want to invest in real estate but I only have $5,000 to do so because the rest is budgeted towards living expenses. What can I invest get with that amount? I don't want to buy stocks. I want to get into real estate investing. Any advice?
There is not capital for you to safely invest at this time. Depending on where you are could be a difference. How much are your living expenses? Do you pay rent? If you do you add that to your housing budget and buy a house and take boarders or roommates. Loose the roommates though and you'll be paying the whole shebang by your lonesome. My advice would be to: A. read every available book on real estate investing available at your library, before committing to doing anything. People online, who you do not know, cannot help you to make decisions about the money you have worked for and how to risk it. Because every investment carries a risk/reward ratio with it, and you need to be the one to make that call as it's your dough. Avoid seminars, tape kits, programs even if they are money back guaranteed. B. Contact a few local real estate brokers- the older the better. Tell them you are interested in learning the ropes and ask if there is any way you can volunteer your time and learn. Maybe just something like pulling up the signs when the house finally sells or replacing the flyers in the plastic boxes out in front. An old guy will respect your desire to learn more than some hot shot who drives a nice car and talks fast. The more time you spend hanging around the office the more you'll learn. c. Put your 5k into an interest bearing account so that it will be doing something while you wait and above all, work extra hours when possible to add to your savings. d. Reach around behind you and pat yourself on the back. Thinking about these types of things shows you are a mature individual, and with determination, you'll succeed.
Q:i thought i'd ask in a different context...are real estate prices in boulder, co going down? if so, how much and for how long (in your opinion)? i looked at valuations at zillow and they seem to be all over the place...i'd love to hear from folks who are familiar with real estate prices in boulder proper. thanks!
According to a Real Estate broker's analysis in September of this year, the median price went from $513,750 to $548,000. However, there was a 25% increase in homes available on the market, without a commensurate increase in sales. So that at least is a sign for buyers. I also recall reading in the Rocky Mountain News (sorry, I don't think it's still online) that central-Boulder's 80302 and 80301 zip codes had gone up, while suburban and rural Boulder's 80303 and 80304 zip codes had gone down and stayed flat, respectively. That's from my memory so take it with a grain of salt. See the blog and blog entry below for more information.
Q:What are some very high paying real estate jobs in california or NewYork? And how much do they get paid?
actual property revenues jobs are fee in consumer-friendly words. the human beings making the money now are those who positioned the indications up contained in the backyard and those who spin the open homestead sign in a highway nook. you comprehend the guy in a clown experience spinning the tremendous arrow.
Q:I helped buy some real estate for 310'000.00 with the promise from a friend that I would be on the deed to then house. 2 years later I found out that he never put my name on the deed to the house because as he says " no home loan agency " would give us the loan because I owned a special needs trust fund. do I have any rights to the house? Or should I ask for my money back that I put forth towards the equity of the house?
Talk to a lawyer, but I think it's pretty simple with real estate. If it's not in writing it doesn't exist. There is no such thing as a verbal contract that involves the purchase of real estate. Always have an attorney, a licensed agent or a Realtor involved in a transaction if your not going to be following it that closely. That way you have somebody you can hold responsible when it all goes south.
Q:I know brokers get paid on commissions, but how do the actual real estate companies make money?Have always been curious...
If by company you mean the office for which a broker or sales agent works read the following: When a house sells, the agent who listed the house and represents the seller gets a portion of the commission and the agent who brought the buyer to the transaction gets the other portion. Sometimes the agent who lists the house also sells it [has a buyer] but increasingly buyers are told to get a buyer's agent to avoid conflict of interest. Laws and practices vary by state. The commission is agreed upon at the time the listing is taken. Generally the seller pays it from the proceeds of the sale. It can be renegotiated later if the selling price is lower than asked or if the price is bid up. For example a listing will indicate commission is 6% of the selling price split 50/50 or 40/60 between the listing broker/agent and the buyer's broker/agent. The split depends on market conditions - is it a buyer's market or a seller's market. If it is a seller's market that means houses to sell are in short supply making a listing a valuable thing and the listing broker or agent may, but not always, get a larger split of the commission. The portion of the commission that goes to the respective sides is split again. Take the case of a Century 21 office. A portion goes to cover the franchise fee i.e.; goes to C-21 corporate, a portion goes to the broker who manges/owns the office [company in your question] the selling agent is associated with, some may go to cover special advertising or printed materials and the rest goes to the broker or sales agent who found the buyer or took the listing. That is an over view of the process.
Q:I'm interested in pursuing a career in real estate, but I'm worried about the possible lack of opportunities available in this career field during this economic recession.Are my fears justifiable, or do I have nothing to worry about?Also, what other real estate related careers are out there for someone who has a real estate license?
Being a real estate agent requires constant relationship building and networking and the traditional brokerage format is not for everyone. In any size office, competition is fierce among the agents in the office themselves and from competing firms. You have to have the wherewith all and tuff skin to survive your first couple of years. Besides the cursory training provided you are pretty much left to your own accord. It is the survival of the fittest at the most basic level. Can it be lucrative? Yes it can be but at what cost? Health, family and friends. And the expense! Be prepared to shell out at least a $1000 to $2000 to get started in Realtor fees, MLS fees, lock boxes, business cards, signs, E/O insurance, extra car insurance if you don't have the 100/300/100 limits to name a few. I know I am being discouraging but you have to be prepared for those realities. You have to have some form of additional income before even considering going full time, especially if you plan to work for a traditional brokerage. There are other alternatives like builders and property management firms. Most discourage part timers. If you want to start part time in the business, then email me and I will send you some information on my firm which has a different focus and go beyond the full service brokerage market.
Q:i am looking at buying some real estate as investment in Hawaii. which area has the best deals now? Kauai, Honolulu, Kalaheo or kilauea?
paying for the perfect homestead in Hawaii isn't so trouble-free as paying for a house interior the Midwest. the captivating perspectives of the mountains, the wildernesses with astounding palm bushes make it a truthfully friendly spot. this text is going to be an impeccable aide for somebody who's thinking paying for land interior the tropical heaven of Hawaii.

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