Archive for September, 2009

Is the realestate market dropping? I want to buy a home, should I wait?

Tuesday, September 29th, 2009

Where can I find motivated sellers, not sellers who are just testing the waters to see what they can get for their home. I want to find a Good Deal! Maybe a homeowner who is in process of foreclosure and need to sell at a discounted price below market value. I am buying the property for investment purposes. Any realestate broker or agent who is willing to find me a DEAL?

There are always foreclosures listed in the paper. Try starting there.

need to find a site that owner can exchange realestate not vacation property?

Tuesday, September 29th, 2009

i found one site a while back that showed pictures of property listed for trade but can’t find it again any help will be appriciated

www.CraigsList.com

Click your city and off you go…

I need to know what a realestate agent will charge for a sale of a home?

Tuesday, September 29th, 2009


This varies by local custom. Here in St. Louis, the listing broker will charge about 7%. This is negotiable, but that’s pretty much the average. When the house sells, the listing broker will get 55% of the commission and the selling broker will get 45%. They usually split their shares with the agent that sells the property 50/50.

Call and ask. That’s the best way to find out.

I Need someone that knows how to look up real estate stuff.?

Tuesday, September 29th, 2009

ok so i found a house in northville michigan that i am interested in and i can only find it at one website i have seen it somewhere before but i wasent too sure about it but now im really interested and cant find it i will give you the website and stuff

the house is on lilypad court.
in northville michigan

http://realestate.yahoo.com/Michigan/Northville/Homes_for_sale/67755910b3efde29fdc41912d8d4017b;_ylt=AmRfceb8dW_67wPeiuxvSDbnMrQs?typeBak=realestate&p=northville+michigan&type=classified&search=Search&priceLow=255000&priceHigh=260000&bedroomLow=&bathroomLow=

i know it has a number but im not ready to speak with someone yet. i just really want to see some pictures and read the rest of the desc. it doesent have an mls or i would be doing this myself well if anyone knows how to find it anywere else please help or give me the website.

try realtor.com

Where can I find FSBO listings for Grand Junction, CO. priced between $100,000 & $175,000 ?

Tuesday, September 29th, 2009

We are moving to the Grand Junction area in the next week and a half & I am trying to find listings of houses for sale by owner ..priced between 100,000 & 175,000 dollars…. Where can I find such listings? We have a realestate agent already.. so please no soliciters.. I just wanted to do some research of my own too & see if I can find something she didn’t…. More options ya know! Thanks for your help… & please no spammers

you might wanna try realitytrac.com but that is paid service.
but for first 30 days they have a trial period for free of charge.

what to do if you suspect realestate fraud?

Tuesday, September 29th, 2009

I really liked a home i saw on the market it has been on the market for over 8 months i offered more then the asking price they told us that the home is contingent.we were told that the home would be closed on the tenth but we still see the property listed as active on different web sites our realestate agent tried calling them again several times and they won’t answer his phone calls what actions can we take if any to find out whether or not the house was closed on?
yes they did tell us that they would present our offer .

We need much more information to determine what is going on.

What you have experienced is not necessarily fraud.

I cannot imagine a seller or the listing agent of a seller who is trying to sell their property, refusing to acknowledge a serious offer that can close escrow, especially where the offer is over the price that they are asking for the property.

However if the listing agent does not think that you can get financing, the listing agent will not want to take the property off the market and tie it up in escrow if it appears that you will not be able to get financing and be unable to close the escrow.

Also, even though youu said your offer was over the asking price there may have been other offers even higher than yours.

Even though the property had been on the market for eight months, the real estate market was very slow several months ago, but now in the area where I live, large numbers of buyers have recently come out from the shadows and many houses on the market now have multiple offers with offers over the list price.

Also, it is not clear to me what the sale was contingent upon.

By contingent, did you mean that your offer was a back up offer behind another offer that was scheduled to close on the tenth and the contingency was that if that transaction fell through yours would be placed in first position?

Or, if yours was a back up offer were there a number of back up offers? If so was your offer behind another back up offer?

Or did you mean that your offer was in first position to close on the tenth, but did not close?

Were you able to get financing? If not your offer would not have been accepted even if it was over the asking price.

In that case the property would still be on the market because the seller’s agent does not think that you can get financing and does not want to tie up the property in escrow if the listing agent for the seller thinks that you will not be able to close escrow because you will not be able to get financing.

Also where did you see the property advertised for sale?

You note that it was on a number of web sites. Many of the internet Web sites do not remove the property after it has been sold.

Part of the reason for this is that the moderators do not clean up the information of the site and the seller’s agent does not take tihe time to report the sale to all of the sites that they advertised the house on. There are many internet Web sites that advertise real estate. The listing agent may have the property advertised on 10 or more internet Web sites.

In many cases the agents have forgotten which sites they had the house advertised on and forget to notify the site when the house is sold.

I have found houses advertised for sale on the internet long after they had been sold because the listing agents forgot to notify the Web site that the house had been sold and to remove it from the site.

To find out whether the property was closed, the most reliable source is to visit The County Recorder’s Office in the County where the property is located.

Look up the property in what is known as the grantor/grantee index. The grantor is the seller and the grantee is the buyer.

There usually is an index that you can use to look up the name of the seller of the property in that index, if you have the correct address of the property.

Then look up the name of the seller in the grantor/grantee index to see if the seller has transferred the property.

If the seller has transferred the property you will find the record of the grant deed that the seller signed over to the buyer.

Realestate??My first time buying, what will my monthly payments come out to?

Tuesday, September 29th, 2009

For everyone who owns a home- what are your utility bills like.
How much do you pay for electricity, gas, water etc…
I want to buy a home in Lombard IL.
If anyone is from there can you tell me what the property taxes are?

theres a lot more to it than that…all these figures are based on size of house, number of people living there, city, state, and how much you paid for it and how much down you put…

How can I prove the broker wrong?

Sunday, September 27th, 2009

If the realestate broker is saying that it’s *required by law* to have a *gas* stove installed in the house to close the deal. Where can I find information to prove them wrong?

I’m a Realtor so I can tell you first hand that I’ve never heard of a requirement like this. Ask the broker to show you the state law that states that you must put in a gas stove. You can also call your state Real Estate Commission and ask to speak with the legal department to get their opinion. Go to google and search for "(your state) Real Estate Commission" to get the contact info. I hope that helps. If you need anything feel free to e-mail me at BandRealtors@yahoo.com

Ryan

dividing realestate property?

Sunday, September 27th, 2009

We own a half acre lot with two rental homes on them. They both run off the same sewer and same water utilities. They do have separate gas and electricity bills. They are no connected. One large house in the front and a small rental in the back. I would like to separate the property. The zoning in my area calls for one living unit for every half acre. We have had two on this property for over 20 years. Can I divide the property and sell a portion? Where do I go to find the information that I need?

I suspect if the zoning says 1 per 1/2 acre you are out of luck selling one off with less thatn that. But as Ace said call the zoning board. You will have a very expensive, in the thousands of dollars, bill for separating that sewer and water lines.

A couple of years back I tried to fight city hall on just such an issue, I lost.

Good luck

Realestate sale fees?

Sunday, September 27th, 2009

I may back out of my house sale because of fees.Inspection wasnt done yet,so I should be able to cancel,its my house.They want 5800 sale fee,639 to check for liens,495 administration fee,200 water bill fee.Is this nuts?$495 should be in the 5800 commision fee,right,I will have a loss of $17000 if I go through with these costs.If I sell,will they force these fees on me?I dont want to sell.
I have $123,000 invested,only owe $81,000 ,but will only walk away with $27,185.We did the math and will be neg $17000.Agent only will say fees are normal,almost $9000 fees? Crazy.being a 2 family I lived in for 7 yrs,I was told I may have to pay a gains tax?I lost $17000 according to my accountant( not including interest and property taxes paid)There was no gain.People here say just do what we say,no questions or i will hurt their feelings.wow.

You are getting cheated if all these fees weren’t disclosed to you in advance. But we can’t know the complete situation. If you are getting a $300,000 profit when the sale closes, no one is going to feel sorry for you. Just refuse to pay the administrative fee. Unless you completely understood it when the house went up for sale. A contract is not a contract unless there is a "meeting of the minds".