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    Saturday, January 30, 2021

    Realtors: How to tell our realtor we’re backing out?

    Realtors: How to tell our realtor we’re backing out?


    How to tell our realtor we’re backing out?

    Posted: 30 Jan 2021 11:52 AM PST

    My husband and I were about to buy a house. We got to the point to where we were going to put an offer in after months of looking. Last week my parents called us and told us they're willing to sell us my childhood home for a hefty discount. We currently reside in a different state, but we were looking at actually moving back in a few years, but with this we'll move back now. It's a 2600 sqft farmhouse on 5 acres of land with a 3 car garage and 2 barns over 2000 sqft. The house we were going to buy was 1,200sqft on 0.3 acres without a garage. We've thought about it and decided that we'd rather have my family home as it's been in my family for generations. I'm very concerned about our realtor because we're backing out and I feel very bad about it, but this is an offer that means so much to me. What's the best way to tell her that we're going another route?

    submitted by /u/ClawedNyx
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    I’ve Never used a photographer...

    Posted: 30 Jan 2021 09:14 AM PST

    Edit: thank you all for your input. I'm definitely going to use pro photographer for worthy listings. I just looked back at my previous listing photos and they were humorous AF lolz

    Hi everyone. I've never used a professional photographer for my listings. I've always taken my own photos with a good quality digital cam.

    For those of you who do this, does it make a difference to go with a pro? And how much does it cost on average per listing?

    submitted by /u/streetsRwatching
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    What are a few ways to find high end buyers?

    Posted: 30 Jan 2021 10:47 AM PST

    Another agent agreed to let me advertise their penthouse (2.5M). It's also for lease around 9k per month. But I'd rather sell it. I am wondering how, and where to advertise this to attract high end buyers? Anyone have any ideas or experience with this? Thanks!

    submitted by /u/bhinx17
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    Overpaying?

    Posted: 30 Jan 2021 08:09 AM PST

    We're looking to buy in South Florida, where like most areas, it's a sellers market. We found a house we're interested in that's listed for $560k. It was purchased last in 2006 when the market was super hot for $545k. Based on other houses in the area, I'm pretty sure it won't appraise for $560 based on what the realtor we spoke with said. He also said that in this market, he suggests going in at full asking price though, and then renegotiate after the appraisal if the house doesn't appraise for what we offered. To me this seems risky, because why would I offer more than what I really want to pay. Am I missing something? Is this what people do or is it a terrible idea?

    submitted by /u/hedgehog_80
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    Is now a good to become an agent?

    Posted: 30 Jan 2021 07:56 AM PST

    I am thinking about becoming a real estate agent. I have done research and have talked to a local realtor ao I know the process of getting licensed in my area. I'm just wondering if now is even a good time to become a realtor?

    I'm also more of an introverted kind of person and don't know how much, if at all, that would negatively impact me being able to do this career. The realtor I talked said they don't believe it should.

    Any insight on either of these topics would be great and appreciated. Thank you.

    submitted by /u/darkd360
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    Marketing idea

    Posted: 29 Jan 2021 01:53 PM PST

    Not sure if this is the correct place to post this. So I am a new real estate agent and I want to introduce myself to people around the neighborhood and pass out business cards. Also I love plants and I feel like a lot of people don't realize how cool it is because they think it's difficult. So my idea is propagate/buy a bunch of small succulents/cacti to hand out to people with my business info.

    1. People might realize how easy it is to take care of a plant and decide they want more.
    2. Whenever they see the plant they will think of me.

    Win-win scenario

    Not 100% sure where to post this as it is marketing questions along with plant care. Any input is appreciated.

    submitted by /u/BimmerJesse
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    realtor im dealing with claims we never signed a contingency contract.

    Posted: 29 Jan 2021 02:52 PM PST

    so long story short my parents met with a realtor in order to sell our house. the day of the signing they signed a contingency contract stating that if my parents cannot find a new home by march 31st or 2021, the contract is terminated. My parents are now not wanting to move, but they did not ask for a copy of the contingency contract and when they called the realtor to ask about it, they claimed that we never signed one. i know this is our fault for not asking for a copy of the contract, but is there anything we can do or do we have to find a new home asap?

    submitted by /u/Reminiscent97
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    NYC Agents.

    Posted: 29 Jan 2021 07:45 PM PST

    I am new agent. Going through the growing pains of growing my business. I've been doing this about a month. Focusing on rentals. Having trouble generating leads. Using social media and Craigslist. Any pointers from you awesome people out there? What to do to stand out from the pack?

    submitted by /u/Technical_Ad1125
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    Is 5% down a bad thing?

    Posted: 29 Jan 2021 02:52 PM PST

    I understand that if the seller has multiple offers they may not consider what my client is offering. I'm concerned and want to know if there are cases where 5% down does work. I'm just worried for my client and would like to know if anyone dealt with anything similar or has advice. I haven't even told the client we don't have a strong enough offer yet. Should I even tell her? HELP.

    submitted by /u/somberseen
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    We have a buyer, do we need a realtor?

    Posted: 29 Jan 2021 03:50 PM PST

    So the real answer is yes - we want our realtor to work with us. The real question is Can we ask for her help and not pay her full commission? (without being jerks)

    We have a good relationship with our realtor and we reached out to her in the fall about selling our home and a rental property as we are leaving the state. She knew of an investor that might be interested in our rental home, but because of covid (gov restrictions) nothing's happened since that time.

    In the meantime a friend said they want to buy our house, have made plans to sell their home and move in.

    We still want to work with our realtor, particularly as we have the rental to sell. How do we say that since we have a buyer and won't be showing the property, we'd like to compensate her for document preparation and review? Or do we just ask the realtor to sell the rental and have a lawyer put together everything for the sale of our home?

    tl:dr - As a seller how much do we compensate our realtor if we have a buyer already? Or should we just have a lawyer draw up the paperwork?

    xpost - r/RealEstate r/personalfinance

    submitted by /u/myerschr
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