Realtors: Doing Showings in a mask? |
- Doing Showings in a mask?
- Tenant Screening
- Should we continue with new home purchase?
- Your experience with other realtors?
- Buyer is asking to send low offers. - CA
- HUD Home Bid
- Giving buyer/seller commission (or portion thereof) towards closing costs / PITI
- How fast are lenders telling you they can close?
- Data/Scripts for first time home buyers intent with putting 20% down
- Question Regarding Agents Working -CA (cross-post from r/RealEstate)
- Initial licensing courses - anyone have experience with Van Ed?
| Posted: 26 Mar 2020 04:04 AM PDT Fellow realtors! What are your thoughts? I did my first virtual tour yesterday (for someone who is older-not elderly, but older.) who wasn't comfortable going in person for a showing- no biggie I'll go for you and we'll FaceTime it. I tell my broker, who notes that I should be extra careful- I'm in a more metro city (Milwaukee) where we've had I believe it's 300 some cases alone in Milwaukee County. So, not knowing the age of the seller, I went in a mask and gloves-is that overdoing it you think? Would you do open houses or showings in a mask? [link] [comments] |
| Posted: 26 Mar 2020 11:33 AM PDT In your experience, what are the best/most revealing screening questions to ask previous landlords, employers, and family/friends? [link] [comments] |
| Should we continue with new home purchase? Posted: 26 Mar 2020 10:32 AM PDT Wife and I have signed a contract for a new home that will be finished in June. We've put down $3,000 in earnest money and will be putting down 20%. Should we still go forward with this purchase if home prices are potentially going to drop? Both of our jobs are stable so that won't be a problem. [link] [comments] |
| Your experience with other realtors? Posted: 26 Mar 2020 09:39 AM PDT Hi, new to the NYC market (have license in NJ as well.) Q about general experience, expectations and recommended practice? Client looking for apt-experiences thus far with other agents three weeks ago: App 1: Communication w/ LA, app submitted Thu/Fri, I reached out Monday for an update, reply 5 hrs later-rented. No fee, but unsure whether they ran client's credit. When I asked, rec'd response 24 hrs later. App 2: App submitted Thurs, in contact with LA for outstanding items which client submitted. Monday I checked in, learned and alerted client app declined due to credit. They have yet to formally notify the client of this decision and furnish a copy of their info-I have requested this by text, and by email. No response. Are these common and/or legal practices for realtors in NYC? I thought legally (in the 2nd case) they have to provide the client with the details of their rejection. As it stands, client really would like a copy to id what's on it and provide an explanation for subsequent apps. What do you recommend I do or have the client do, given I have requested this info? Wait a week or so and have them file a complaint against the licensee? If further action(apps, my office running it) wouldn't impact their credit I would suggest they move on, but that isn't the case. [link] [comments] |
| Buyer is asking to send low offers. - CA Posted: 25 Mar 2020 02:19 PM PDT The current buyer I work with is a flipper. We've been in escrow 5 times since September when I first signed him up and have had 3 of those deals close. I just got a call from a guy saying he wants me to stop sending him offers because my buyer's offers are low. If my buyer, who is a serious buyer, asks me to write up an offer for him, can I tell him I won't? I'm not going to, since he's good business and the homes we're writing offers for are not cherried out beauties, but listing agents get irked sometimes and he's saying he's going to report me for sending a low offer? Idk. Can anyone provide me with some clarity on this one? [link] [comments] |
| Posted: 26 Mar 2020 06:29 AM PDT So, if I want to bid on a HUD home using the listing agent will HUD only take out 3% for commission instead of the usual 6% of my bid? [link] [comments] |
| Giving buyer/seller commission (or portion thereof) towards closing costs / PITI Posted: 25 Mar 2020 08:59 PM PDT What is the best way to go about this, there ways that can be leveraged for taxes, specific verbiage? Just thinkin :) [link] [comments] |
| How fast are lenders telling you they can close? Posted: 25 Mar 2020 07:16 PM PDT I just got a 35-45 day estimate from one lender. Waiting to hear back from others. I know it's a crazy time so I'm curious what everyone else is hearing. [link] [comments] |
| Data/Scripts for first time home buyers intent with putting 20% down Posted: 25 Mar 2020 05:32 PM PDT Hear me out: I'm not suggesting talking people out of putting down 20% who have that money and can do so. I'm referring more to the buyers who tell you, "we're holding off in efforts to save enough for a 20% downpayment where we can avoid mortgage insurance". For those who are living rent free, or are going to be coming into some inheritance, or salary promotion, etc this can be accomplished. But I'd say 95% of the time I hear this these people never end up buying because it's almost impossible to save at a rate higher than what the market is appreciating. My consultations are very wealth building heavy and I really stick to the "just get your foot in the door" style (assuming they plan to own the home 5+ years). I'm curious if there are any graphs, data points, or anything like that out there you guys use with your buyers to show them that you don't have to put 20% down, and really, it might even be more advantageous for their financial situation to put down less. [link] [comments] |
| Question Regarding Agents Working -CA (cross-post from r/RealEstate) Posted: 25 Mar 2020 01:10 PM PDT |
| Initial licensing courses - anyone have experience with Van Ed? Posted: 25 Mar 2020 11:31 AM PDT Wondering if anyone has taken their initial licensing courses through Van Ed. I'm currently doing their free trial online and have completed the first of 6 courses. Exams included. This course is supposedly 48 of the total 168 hours of coursework required by law for my license but it only took me about 10 hours. It's basically clicking through different screens and quickly reading what appear to be Cliff Notes that give just enough info to pass an exam. They provide much more in-depth literature in PDF format, but reading it isn't apparently required. Your progress in the free trial is saved should you choose to purchase the program, so now I'm extra motivated to continue. If I can breeze through this in 35 hours instead of sitting through 168 hours of lectures, and still pass the state exam, I'm all in. As a person with years of experience in the real estate industry (escrow, title, closing, etc), and a possessor of other related licenses, I feel like most of this stuff is either a rehash of what I already know, or pointless info that will never be used anyway (water right laws on the other side of the country, for example), and that the real learning will come on the job. So the question remains, are these courses going to prepare me for the state exam? Does it matter if I don't spend 168 actual hours? And am I being too dismissive or cynical about all this? Or am I correct in thinking, if I pass the state exam, well then I guess I learned enough? By the way, I have googled reviews for this company but I want a Reddit response. Thanks! [link] [comments] |
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