If you sign off on an offer to buy some property, do you have to stick with that real estate agent?

1 Answer

Answer :

You mean, you put down earnest money? Tell more.

Related questions

Description : In today's Real Estate market what percentage under the seller's asking price would be reasonable to consider knocking off when making an offer on a house?

Last Answer : answer:Largely depends on where you are—in California the question is “What should you offer over the asking price”, since the asking price is considered (even in this market) a minimum-bid. So, Twocatkitten, where do you hail from?

Description : What are some questions to ask the real estate agent when you go to look at a house that's for sale?

Last Answer : answer:Check info for the address on zillow.com . It is not always perfect but it is usually close. Print out a copyu so you have it with you and keep it in a folder. (It will hint that ... are big ones. Tell him you will have an engineering inspection if you are interested. Exciting times. :-)

Description : Has it become dangerous for a female real estate agent to show a man a house ?

Last Answer : One murder does not a trend make. If you want to run your life on fear you can but it’s a lousy way to live.

Description : Advice on (i) whether to become and (ii) how to become a REAL ESTATE AGENT?

Last Answer : Now is going to be tough for you because the housing market is down. If you’re showing property, you’ll probably want to start working out now. I dont know how one goes about becoming a real estate agent.

Description : Can a real estate agent represent both a seller and buyer?

Last Answer : I think the same agent can legally represent both the buyer and the seller (although it may also depend on the state-state laws vary), but you'd probably want to get your own real estate agent just ... to cost you any more-both real estate agents are paid based on a percentage of the sale price.

Description : How is investment property classified if it is not fixed real estate?

Last Answer : Can you give an example of what this income producing “object” might be? I’m not sure what you mean by “an object that is not fixed land deed real estate.” Are you thinking about buying a hot dog cart or something?

Description : Have any jellies done a 1031 Exchange of real estate?

Last Answer : Over the years, I've handled dozens of like-kind exchanges. I'll tell you two things: First, you don't want to get sophisticated tax advice from an online message board. Sec. 1031 transactions are ... 't sell your land, on your own, thinking that you can roll over the gain into another property.

Description : What would be the best way to create a group on Facebook for real estate purposes?

Last Answer : answer:The two factors in a successful real estate business are getting listings, and getting clients that need your expertise in finding a house to buy. Yes, that means advertising your skills. I have a friend ... well and so does his agency. I will PM his name and the broker he is affiliated with.

Description : Does anyone have experience with online real estate auctioning?

Last Answer : Where is the home located? Primarily I’m asking about population density (urban vs rural).

Description : What makes flipping (real estate for example) illegal?

Last Answer : A seller could neglect to disclose major problems with a property. The person who buys the property to flip it could use shoddy materials and poor workmanship to create a place that looks great on the surface but will fall apart quickly. Those are two that things that would,be unethical.

Description : Why did the real estate market bubble so high in SoCal, NV, and FL and not so high in TX, CO, IL?

Last Answer : answer:Because FL and NV especially had a lot of investors buying property. No one was living in a lot of the places, they were second homes and homes purchased to flip or rent. So, what that ... exactly how everything happened in that market though. Maybe they had a lot of job losses? Not sure.

Description : Is it proper to bid lower than asking price on real estate?

Last Answer : answer:I think it depends on the seller and how many other people are interested in the property. Some people might be set it stone with their price, while others may be open to taking less. The ... someone else was interested, I'd probably go with their asking price if I really wanted the place.

Description : Questions to ask a Real Estate Lawyer?

Last Answer : answer:Here's a guide on selecting a good lawyer. Lots of good questions! Here are the questions for reference: How to Find a (Good) Real Estate Lawyer by Sue Caskey Attorney, Sue ... surprised at how a fruitful relationship will develop. This person will have connections that can benefit you.

Description : Do Real Estate Agents charge commission on seller paid closing costs?

Last Answer : answer:My limited understanding is that the seller pays the real estate commission, and if there's a buyer's broker involved, then the selling agent and buyer's agent split the commission. If your agent is ... perform the sale-well, you'll share in the increase, so that's not a bad thing at all.

Description : What's a good real estate company name?

Last Answer : “Land Ho” Real Estate

Description : Are we at a bottom yet in terms of real estate prices (particularly residential values)?

Last Answer : The second phase is about to hit. The first phase was the people who never should have gotten a loan in the first place. The second phase is the people who had a generous amount of equity, but it all evaporated. ... hit the fan yet. There is a very large turd on it's way. I wish it weren't true.

Description : What is the the best entry-level real estate job for an upcoming college graduate?

Last Answer : I just read an article on Inman saying that ranks of real estate staff will thin between 20%-40% by 2010. Real estate folks are dropping out of the busniess in numbers not seen since the 1970's. ... downsized and laid off. Try health care or education, or check our working for the Gov. Good luck.

Description : Do you know of any websites for real estate brokers to look for agents?

Last Answer : They advertise a lot on monster.com

Description : In real estate, what does it mean when listed as "studio"?

Last Answer : A room with a bathroom and kitchen. The Bathroom is usually enclosed. Seriously, a room with a bathroom and a kitchen. Your living room is your bedroom. I love them. edit :: and a Quad is when you share the kitchen and bathroom. This arrangement sucks ass.

Description : Real estate question. Can a person be on the promissory note and not on the deed of trust?

Last Answer : Yes, anytime one person co-signs for someone else, they are on the promise to pay. They don't have to have any ownership in the property (real estate as well as auto). This is usually done ... who signs off a quit-claim deed in the mistaken belief that gets them out of responsibility for the debt.

Description : In real estate mortgage loans, what does "sub-prime" mean, (by strict, dictionary definition,) and more importantly, what does it mean, (its implications and connotations)?

Last Answer : answer:Sub-prime loans are those made to people with credit that is poor but not so poor as to disqualify them altogether. People with good credit are considered prime, because a lender isn't risking ... problem is much more of a symptom of a deeper problem than a cause of problems in itself.

Description : Real estate in the Bay Area: a good investment?

Last Answer : No. Nor any area by the ocean.

Description : How is your real estate buissness in your city? Are they doing bad?

Last Answer : The price of houses has fallen—significantly in some areas, as there have been a lot of foreclosures in some neighborhoods—but condominium and rental markets are strong.

Description : Does anyone know the truth about the Costa Rica real estate market?

Last Answer : answer:Most of the people saying so are Costa Rican developers and real estate sellers so I can see why you would be wary. I did find this analysis for a US investment newsletter. ... Coast area is easily accessible to tourists because of its proximity to the international airport in Liberia.

Description : What do you figure the chances are of a seller accepting an offer that his agent considers "very fair"?

Last Answer : Chances should be reasonably good. He’s hired this agent to be his expert, so you’d assume he will take his recommendation very seriously. ...Unless he fancies himself an expert and he’s just retained the agent as a formality.

Description : I decided to do a short sale on my property before it the mortgage company starts foreclosure proceedings. I approached a realestate agent and he told me he will handle everything. he will talk to ... him handle it or should I approach the mortgage company first to tell them about the short sale?

Last Answer : Get that puppy sold. You don’t have to let the mortgage company know. If you trust your agent then let them do their job and earn their commission.

Description : Can I sell my property myself once a sign a real estate contract with a real estate agent?

Last Answer : You can but you may want to check with the real estate agent to make sure they are not going to charge you any fees. They certainly do not want to work for free by posting your house onto thier site and they will probably want money if you are able to sell it before they can.

Description : How would you cope? You just spent $100K defending your estate from California's DIR and you lost.

Last Answer : It’s called get the F out of California. Seriously the state can’t keep doing things like this and expect anyone with any sense to stay. I’m sorry they are stealing from you

Description : I'm a first time home buyer looking for a house. I had my agent set up a showing for a home this weekend only to find that the price of the home has suddenly jumped $5000 today! What happened? Is this shady business or is there a logical explanation?

Last Answer : Shady business in the housing market? It’s a frequent thing these days. That does sound fishy. Prices are all going down not up. I’d say drop your bid $6000 and let them know it’s a down market.

Description : What is really going on with this cash offer?

Last Answer : Sounds fraudulent to me. You are correct to be suspicious.

Description : Home buyers, what was your experience like after reaching an agreeable offer with the seller?

Last Answer : The home inspection and the termite inspection are usually the places where the big surprises lurk.

Description : Has anyone not gotten a counter offer when making an offer on a home?

Last Answer : Sometimes people have to get a certain price for their house in order to not not have to come up with their own money to pay off their mortgage. This is more prevalent in certain areas of the country than ... the seller wouldn't budge. I was not that far off, but he didn't really need to sell.

Description : Which important point remembers before buying property?

Last Answer : answer:#1 first and foremost make sure you can afford it and know who your neighbors are and do they fit and support your values and goals for utilizing your property. Not knowing anything about ... board and ask what if any plans for developments that will come down the pike years later.

Description : Any ideas for owning/managing rental property in an impoverished neighborhood in a way that's positive for the community without gentrification?

Last Answer : Many rental properties get so run down. It seems to be human nature that if you have no vested interest in something you are less likely to take care of it, so tenants are not always as careful about ... I don't have any unique ideas, just what I as a tenant or landlord would want to see.

Description : How much is a property appraisal, and where can I find an appraiser?

Last Answer : We just got our home appraisal back today. We paid $425.00 in Phoenix AZ and the appraisal was ordered by our loan officer. Let the loan officer order the appraisal as they will get a reputable one since they don’t want to loan on a house that is over priced.

Description : Is it okay to rent a property and have it on the market at the same time?

Last Answer : answer:Sure, but make sure your renters know about it. You would expect them to have it cleaned up prior to showing. When renters are in there, it’s customary for someone to give them 24 hours advance notice, unless other arrangements have been made. We have exactly that arrangement.

Description : Is there any Torrens property in Utah, or is it all abstract?

Last Answer : According to this unverified Wiki arcticle Utah does not have any torrens titled properties.

Description : What is the difference between a property assessment value and selling price?

Last Answer : Some jurisdictions use a percentage of presumed market value for the assessed value, while others base tax on the full market price.

Description : Do you enjoy watching house flippers fail miserably on shows like Property Ladder?

Last Answer : I watched Flip That House once, and this really annoying lady was on it. She was constantly complaining and she had no idea what she was doing. By the end of the show she still hadn’t sold the house; I couldn’t help but feel kind of happy. lurve for schadenfreude

Description : Property Value Notice?

Last Answer : answer:Official property assessor reassess property on his turf regularly. If houses comparable to yours have been bought or sold recently at a value higher than what you paid, OA has the right to raise ... pay property and school taxes yearly. All assessors have a little "wiggle room," as do you.

Description : How much does real wood siding cost?

Last Answer : answer:My dad, who has a house covered in cedar shake, always used to say to me that it's about double the price of standard (vinyl) siding to replace the wood siding on his house. I ... HardiePlank or Pressboard that look like wood but are far more low-maintenance than wood are worth looking into.)

Description : Can you build an addition off a mobile home?

Last Answer : Is it on wheels or does it have mounts underneath for wheels ? If so it is a mobile home. I would not put an addition on except a porch or deck. Building code may not let you, find that out first ... money and find out can't add on. Living in the trailer while you build a new house would make sense.

Description : Would a large garage turn you off?

Last Answer : answer:Unless the huge garage is well-hidden, I think that it would be rather unattractive and spoil some of the house's curb appeal. I'd expect the garage to be a bonus - I'd be buying the house ... I wouldn't need to worry about a damp, musty cellar or an airless attic that's difficult to reach.

Description : Do you get a tax write off if you lose money selling your primary household?

Last Answer : I do not believe you can take the loss if the house was your personal residence.

Description : Do I need a realtor to buy a house with cash?

Last Answer : Get an agent unless you negotiate high dollar real estate for a business.

Description : Can anyone recommend towns in Charles County, MD to buy a home, please?

Last Answer : My husband said Waldorf used to be a very nice town. But that was a few years ago.

Description : If you want to buy a new house or condo, can't you just say you want to buy it now instead of bidding on it?

Last Answer : No. They have to go through certain procedures for REO sales.

Description : How does a realtor get commission if the house you decide to buy is not his/her listing? Or do they get one at all?

Last Answer : There are two realtors—the listing agent (selling the house) and the buying agent (your agent). They split the commission on the house sale. However, when the listing and buying agent is the same agent, you can oftentime get a little bit of a deal.

Description : Should I buy a condo or house?

Last Answer : Do you want to do yard care and shovel snow? Are there added perks like a pool or gym - that you would use? Those attract me to condos, but my husband refuses because he doesn't want any shared walls and ... yard with the privacy of a fence. Make a pros and cons list. (God, I sound like my mother.)

Description : When should I buy a house in Portland, Oregon?

Last Answer : answer:check out boards that specialize in this is my suggestion Saturday, November 3, 2007 NOW is the best time to buy has some great blog links too http://portlandhousing.blogspot.com ... . Why is Christmas Day so attractive http://homebuying.about.com/od/buyingahome/qt/BestDay2BuyHome.htm