Real Estate

Luke saves the day when Phil shows a house to a woman with two small kids.

For more video, visit http://www.abc.com

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Segment from news show about Home Inspections

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I’d like to sell my house to pay off some high interest debt. I’m not sure if I have the equity to net enough from the sell to make it worth the move.

I should be able to sell the house for 155k, at least, and owe 137. I’d like to net 12k.

What I don’t know is, how much am I going to pay in closing costs? With and without a realtor. I would prefer to use a realtor, but not sure how much this costs.

I am not sure what to do. Any advice would be appreciated!

Don’t use a realtor. THey charge a ridiculous amount of money for the work that you cna do yourself if you are willing to do the research

First, check your counties property appraisers website for the recent sales of homes in your neighborhood. Find similar homes that sold and use the number as a basis for your home.

Next advertise the home anywhere you can. there are multiple websites you can use to market your home.

When you finally find a buyer, hire a real estate attorney to handle the paper work for you. They will do this for a fraction of the price you would have paid a realtor. if your homes value is really 155k then you could expect to pay as much as $9300.

We originally said 6% is fine, but the realtor said when we were going over this – it is flexible. How likely would it be that she would lower it to 5% or 5.5% thanks!
Also, if we originally signed paperwork saying we agree to 6% when we sat down to get our condo listed, can it be revised to a lower %. I don’t think we are locked into 6% are we. Our place has only been on the market for 2 weeks. Thanks again!

It is usually the listing agents commission that you are negotiating. The selling agent (who has the buyer) expects a full commission. If three percent is the typical split for the buyers agent, I would only expect the listing agent to discount their fee so much before it starts to seriously affect their efforts to market your home.

If you have already signed a listing agreement, you may be stuck with the 6% for the time being. If it doesn’t sell. you might consider one of the flat fee deals and offer a bonus for the selling agent. Lets say you can list it for $495. Then you offer 4% to an agent who brings you a buyer. That saves you 2% less the $495.

MLS sells houses. Get creative if it starts to take longer than you would like to get it sold. Offer incentives to the buyer (e.g. assistance with closing costs, paying the 1st years condo dues, etc.) before you just start reducing the price. You may have to end up providing the incentives anyway and lower the price in advance of that will just reduce your net.

Good luck with the sale.

The Life of a Realtor. Presented by Connie Reed of Aviara Real Estate and Lisa Anglin of Fidelity.

Duration : 0:9:55

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Is it easy for a first time homebuyer to buy a house without a realtor? Or is this completely risky and stupid? What kind of problems could occur? And also, how much would this save for a house around $250-300k ? What are typical realtor fees? And do people ever just go without a realtor but then get a lawyer to overlook the paperwork prior to signing? If so, how much does that cost and is it cheaper or more expensive?
by the way – I’m mainly referring to For Sale By Owner places … so the seller would NOT have an agent.

I had a great answer, but then you added the details about for sale by owner. That changes things.

This is not like buying a car for sale by owner – there are a lot more rules, things you have to pay for to make sure you’re not getting scammed. What kind of problems could occur? Some guy could take your money, pretend to transfer the title to you, let you move in, and then sell the house again (this time legally) and you would have no legal right to the house.

I have no idea whether going with a lawyer would be cheaper/better. You could always call one and ask what the fees would be or if they charge a percentage of the sale. That might make up your mind for you. The thing with a lawyer – they’ll probably take their fee up front, while a realtor will build it into the cost of your mortgage so you won’t need as much money up front.

Live realtor short sale training seminar.

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I really really want to become a realtor, but I don’t know which college major would help make that dream come true. Help?
I know I need to take business, but there are different branches of that major and I don’t know which is best for becoming a real estate agent. Maybe Marketing?
So, I could major in Business Marketing and be able to be a realtor? I want to work for a well known agency and be successful.

definitley marketing. perhaps with a minor in communication. that way you know how to market the house, yourself, and you know how to communicate well with people.

http://www.USCAMPAIGNFORBURMA.org
30 Days for a Million Voices

Join us in a month-long campaign highlighting the Burmese struggle for liberty, democracy and human rights. Each day this month, you’ll hear from celebrities who are raising their voices to build one million voices of support for Burma. Go to http://www.burmaitcantwait.org to see bonus footage, view more videos, and join the effort.

Director: Brandon Kraines
Producer: Michael Abbott
Cinematographer: David Palmer
Make Up: Alyson Granaderos
A/C: Stuart Radford
Sound: Bradford Craig
Production Asst Eric Moren

Executive Producers:
Jack Healey
Jeremy Woodrum
Dan Adler
Prudence Fenton
John Solomon

Duration : 0:1:52

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I am planning to sell my home, but really can’t afford a Realtor without cutting in to my down payment for my new home, so I am thinking of selling it myself. Has anyone had luck selling on their own and if so, do you have any helpful tips for selling fast. Thanks in advance!

Yes it can be done. You would advertise your property as FSBO (for sale by owner). Call one of your local Title Co.’s and they’ll help you out alot. They have to handle the stuff in the end anyways. There’s lot’s of free advertising online, and you may be surprised but you can get some really great leads, sometimes from someone that will be moving to your area. Just be sure to write really good ads to grab attention to the special features of your home. Good luck