Real Estate

If the house is listed on the MLS as a "courtesy" of a certain realty company, do I have to use that company or can I go to the realtor of my choice in that area?

You can use the realtor of your choice. Tell them the MLS number you’re interested in, then they’ll show it to you. They’ll get the commission for the sale of the house, but the lister will get the commission for listing the house.

Good luck!

who owns : Netwide Pty. Ltd.
how much they earn ….. not a verifieable answer

I have heard conflicting opinions on this. I am looking at selling my house and when I begin to pull comps of the houses sold in the area, how are foreclosures going to affect that price? I heard from a realestate agent that foreclosures are not suppose to affect active listings, while my bank (when I was going to refinance) used foreclosure listings when they pulled comps, which doesn’t seem exactly fair to me. Any info would be great. Thanks.

Your real estate agent is wrong. Foreclosures of similar properties in your area definitely affect your valuation and selling price. Stop to think about it. Why would a buyer pay YOUR asking price when he can go down the road and purchase a foreclosure for perhaps $20,000 less ?

Foreclosures which sell below the former (pre-foreclosure era) pricing definitely bring down the values of other properties in the area.

I want free information about realestate investment that doesnt require a fee and doesnt want me to purchase any iformation regarding this informstion.

No Money Down usually doesn’t mean there is no downpayment. It just means the money down it isn’t your money. Which if it isn’t your money, it’s usually money you are borrowing, or money coming from a partner who wants a share of the ownership in some way, or a share in the future profits.

The idea of paying money you don’t have for real estate courses, is the fundamental premise to No Money Down investing in real estate. If you can find money you don’t have to pay for the courses, maybe you can find the money you don’t have to pay for the real estate you want to buy.

Yes, after finishing the courses you can call yourself a real estate investor, but you will find you are just one of many who call themselves that term. There is risk involved in any real estate investment. Buying the piece of real estate is just one of the steps to making money. You can be an investor who loses money as easily as you can be an investor who makes money.

Many of the No Money Down courses you see on late night TV want you to find a property and real estate deal that fits the guidelines the course sets out. When you find such a property, you call someone else to help you with the next steps and the future profits are split (usually quite unequally) among all the parties involved.

"No Money Down" is not a myth. It is a concept used by developers, and real estate purchasers of every size, from very small scale investors, to mega-million dollar and billion dollar investors. It is a premise used in commercial real estate all the time. The deal is structured in such a way as to make a profit for the purchaser. Any money used as a downpayment is returned with interest, making the deal essentially, a No Money Down one.

Property is in first stage of Foreclosure.

Probably not. It is probably the amount of money that the loan is in arrears. Then you would have to finance the actual amount left on the loan. Now it could be a property tax forclosure inwhich case, the property could be owned outright by the owner but they owe 29,000 in taxes and you can buy the property simply by paying the owed taxes. It is something worth checking out.

first off, thanks for looking.

Ok, so here is the thing, I am a rising junior in high school and I need a job. However there are some pretty crazy things going on in my life right now so I cannot work a typical job like as a waitress and such because of the hours. I was thinking that an office job such as a receptionist or something would be a good part time job. I was thinking about this in either a law office, realestate office, or doctor’s/dentist’s office. Could someone please tell me if this is possible and If so how could I go about trying to apply for these jobs. I plan on doing this within the next month because I will be turning 16. Thank you so much.

I think first you should try to volunteer as a receptionist, office assistant, etc. That way when you apply for a job you’ll already have some type of office experience and you could use some of the people in the office as references/ contacts. You could probably start with your high school or legal or real estate offices around town. It’s worth a shot and you wouldn’t be inexperienced by the time you apply.

What are the most important things to see (like gas system ,etc.. ), when buying properly in uk?
Yes, that’s what i asked.Thankyou.

Are you asking how much estate agents in the UK charge? If so, they typically charge the seller about 2% of the sale price. I don’t really understand your question.

I have a realtor that said they could sale my home for 5% and then another for 4%. Is there anything else that I can get a realtor to come down on, that will benefit me on my return?

4% is probably the cheapest you can get with traditional listing broker arrangement. I think it’s pretty good. Basically, 3% goes to the broker who brings in the buyer and the remaining stays with the listing broker. If you want, you can find a help-u-sell or some other self sell real estate service in your area who provides with flat fee, multiple listing service access and signs. You will need to do your open house and showings. If the market is good in your area, with or without the listing broker, your house can be sold.

I have a condo in the Boston area that I plan on selling in about 9 months to a year and want to know what are the best low commission realtors in the Boston area. I don’t want to pay more than 3% commission to a realtor, but want some level of service. The services I would need from the realtor are Multiple Listing Service (MLS), provide paper work for sales agreement, and closing, and negotiation with the buyer(s). I don’t mind conducting our own open house and preparing our condo for sale. Any suggestions greatly appreciated.

You could try http://www.redwoodfsbo.com

The Managing Director is Owen Jamison his number is 978-998-7153 very skilled, great guy in general.

Tell him Reggie said Hi !

I’ve been advertising my apartment to try to re-let it for a new 12 month lease in preparation for a relocation due to work. It has been going moderately well in that a lot of people have been interested and come by. But i found out the other day that when one couple i gave applications to went to turn them in to the realty company, they took them back to the building to show them other units and even offered them deals to cut the price. Now, clearly this is immoral, but does anyone who knows something about this type of thing know if it is illegal, and could i use it to negotiate breaking my lease?
I’ve been advertising my apartment to try to re-let it for a new 12 month lease in preparation for a relocation due to work. It has been going moderately well in that a lot of people have been interested and come by. But i found out the other day that when one couple i gave applications to went to turn them in to the realty company, they took them back to the building to show them other units and even offered them deals to cut the price. Now, clearly this is immoral, but does anyone who knows something about this type of thing know if it is illegal, and could i use it to negotiate breaking my lease?
EDIT:
In response to some of the answers, the couple told me *specifically* that the realty company tried to convince them to move into a different unit.
Also, how am I supposed to do the vetting when they require SS Card, copies of your DL, 2 pay stubs, etc.
This is for a *new* 12 month lease which will cancel my existing lease. I can’t act as a middle man between them and the owners.

Search your phonebook for local attorneys who SPECIALIZE (be sure of this, this is going to come down to specific laws, and other attorneys wont have as much experience) in Real Estate.