Realtors: First open house and only 2 people so far. Well at least I have a lot of tacos for myself! |
- First open house and only 2 people so far. Well at least I have a lot of tacos for myself!
- 30-Year Mortgage Rate Dropped Again, Further Boosting Prices
- Red flags? Do we have a bad realtor or are they hiding something?
- Lying about employment history on mortgage application
- Hi Realtors - will this make my house less saleable/rentable?
- Need help from Realtors or Loan Officers
- Wondering where to find statistics on forbearances
- Mailers for listings you didn't sell?
- MLS Data Inputs
- Bu weekly pay vs closing pay
- How can I become a property manager at age 18?
- Is it worth it to do home renovations in this market?
- How do I purchase a home if I need to sell two homes to fund the one?
- How do you guys deal with FSBOs and get them to list with you? What's your script? Anyone have any unique methods?
- Commercial lease rent commission
- Do any of you have good examples of ads that can promote my Facebook business page? Also,what are your thoughts on door-knocking?
| First open house and only 2 people so far. Well at least I have a lot of tacos for myself! Posted: 15 May 2021 11:48 AM PDT |
| 30-Year Mortgage Rate Dropped Again, Further Boosting Prices Posted: 15 May 2021 07:08 AM PDT |
| Red flags? Do we have a bad realtor or are they hiding something? Posted: 14 May 2021 05:32 PM PDT Hi, sorry if this is the wrong place for this question but I don't know where to ask. We are the buyer and have an accepted offer for the house we love. We waved the inspection and we understand issues may come up, but my husband is a contractor and feels confident in what he was able to see while we were there. We have asked our realtor if we can see the house again and she first pushed it off saying she is out of town for a few weeks and maybe at the end of the month. Then, two days later, (the day our appraisal passed) my husband asked again and she said we could set something up for this weekend, but remember we waved inspection and we can't dig around. This afternoon she canceled our showing this weekend and said the seller is refusing to let us see it until the closing walk through. She said they are jumpy because their first offer fell through (we knew this and know they feel through immediately and did not have an inspection or appraisal). She said "I'm representing the seller so I have to do what they want." She also asked us to move up closing for the third time. Side note: our realtor is the seller's sister, but NOT the listing agent. Should we be concerned they're hiding something or is this normal? We just wanted measure some things and look at it again, it's a $325k purchase... We didn't have any intention of backing out. But with her wishy-washiness on showing it and continuously moving up the closing date, our alarm bells are ringing. Is this normal or should we be concerned? Thank you! [link] [comments] |
| Lying about employment history on mortgage application Posted: 15 May 2021 08:26 AM PDT How do lenders check employment history? What's to stop some one from saying they worked a job for longer than they have? What are repercussions for lying about employment history? [link] [comments] |
| Hi Realtors - will this make my house less saleable/rentable? Posted: 15 May 2021 11:57 AM PDT I have the option to buy this 2 bed pre-con condo closing 2025. Everything is perfect (near transit, value for money, water/city facing, corner condo, parking, up and coming area) except for the floor plan Will having a galley kitchen at the front entrance make the property hard to sell/rent? Do you have any feedback on the floor plan overall? [link] [comments] |
| Need help from Realtors or Loan Officers Posted: 15 May 2021 07:36 AM PDT 🛑LOOKING FOR ADVICE FROM REALTORS🛑 I am in a bit of a situation and I need some professional advice. I will try to make the explanation as short and simple as possible. I am a first time home buyer and I live in NJ. I got a new job in Louisiana a few months ago and started the job in April. I have been living in between both states, since my kids are still in school and my husband wants them to finish up the school year. They are very small...ages 3, 4 and 9. I have been living out of a hotel in LA. I work there for 2 weeks and then fly back home to NJ. Then the cycle repeats itself. Here is the story. I am going to break it down so that it's easy to follow. And I need some professional help please! ⚫️We have been working with a LA realtor for the past 2 months to help us find a house in Louisiana. I did NOT sign an exclusive representation form with him. We just hit it off and became friendly so I got the process started with him. He spent a lot of time showing us houses by FaceTime since we were in NJ and not able to do in-person showings. After a while of spending his time showing us houses, he grew frustrated with us bc we didn't like any of the homes and wouldn't make a "decision" fast enough for him. Truth is we don't live there! So it was hard to judge things only through virtual tours. Regardless, we think that we finally found a house that accommodated our needs and he put in an offer on it in April. It was accepted. I started going under contract on it and moving forward with the lender. Lender tells me the house is good and I pay for the inspection and the appraisal on it. I ended up having to place the contract "on hold" for a week bc my father suffered from an aneurysm and I wasn't even sure if he was going to survive. I couldn't just leave my mom and move to LA if he had not made it. He was in a ventilator for a month and the surgery went well, so I reinstated the contract and we kept it moving. I was told that the house would close on May 21, and I got my hotel reservations extended until that date so I would have a place to live in Louisiana. ⚫️Yesterday, I find out from the mortgage processor who works with the loan officer that I am not going to qualify for this house. She said that because I am a nurse, they are only going by my "flat or base rate" and are NOT able to include the shift differential that I receive for the every other weekend requirement that we have. I am required to work every other weeken- every RN in a hospital is - and they pay you a higher rate for those weekend hours. However, this lender said they won't include that in my debt to income ratio. So, I am at 54% and my debt to income ratio for this house needs to be at or under 50%. They tell me this AFTER I get this contract reinstated??? So now, with us supposed to be closing in two weeks, he tells me that the house can't work and I need to start looking for something 15k cheaper. Then submit a new purchase contract and go through the inspection and appraisal for it all over again. This LA realtor FLIPPED out on me because we had canceled the contract once and with the back and forth of it, pissed him off. The realtor gets in touch with his lender friend and I start the mortgage application with this dude now. ⚫️In the meantime, I start looking desperately for a new realtor. Obviously, I don't want to work with this original realtor bc he was so nasty and rude to me, cursing me off for something out of my control. I am not the lender and it's not my fault he said this house isn't going to work Now! Obviously I am mad too! But I need to find a house to live in. I met a wonderful woman who was willing to help me and my family and she has been showing us houses day and night. I would really love to go through her to find a home. Long story short, the original LA realtors lender friend calls me yesterday and says he CAN get me approved for this house with a higher interest rate but the only problem is that we wouldn't be able to close on it until the middle of June. So I would need to keep finding a place to stay until that time. ⚫️Here's the bottom line: I feel obligated now at this point to take this original house that we initially went under contract with that rude LA realtor. Because he pushed me through with his lender friend, the house "is" essentially approved and I will be able to obtain the financing for it. That is what this new lender told me yesterday. At this point, my husband and I DONT want this house. It has been nothing but bad karma and I don't like the higher mortgage payment per month. Honestly I really don't want this house but I think I have no choice now with it since that jerk of a realtor found us a new lender (his friend)? I have not signed anything with this lender guy, he just told me that things will probably work out for this house when he called me. ⚫️I am still working with this other wonderful lady realtor who I have not told her of this situation bc I honestly didn't think we would be able to get that other house and I quickly panicked because I felt like we lost that house and now had nowhere to live and I did NOT want that nasty original realtor to find us another house to get. He doesn't care about our family needs at all - just wants to push the deal through- doesn't care if it is a good neighborhood for the kids, etc. HE IS SO PUSHY!!!! And this lady is kind and sweet and nothing of that sort so I trust that she will put us in a much better place for our family since we don't know anything about the area no less the state! So we really need someone who will have our best interests at heart ❤️. THANK YOU to anyone who has read this to the end! Are we stuck with this house and new lender? [link] [comments] |
| Wondering where to find statistics on forbearances Posted: 15 May 2021 06:39 AM PDT Hey all! I'm trying to find statistics on mortgage forbearances based on a variety of things, but mostly the amount granted based on month, anything else (forbearances per home value threshold, threshold per income level, and whatever else) is all a bonus. Roast me if it's easier to find than a realize! All help is appreciated :) [link] [comments] |
| Mailers for listings you didn't sell? Posted: 14 May 2021 02:50 PM PDT So there was a popular listing in a popular neighborhood. I had a client go see it when it was onthe market who has since decided to take a break until things settle down. Most of my buyers are. This house closed yesterday and received 26 offers and closed 121% over asking. Listed at $748K and closed at $905K. I know this info from it being posted in MLS. Now can I send a letter to the neighborhood basically just saying that this home received 26 offers and there are 25 other families looking for a home just like yours? It is a very popular neighborhood. Is there any ethics violation behind doing this if it wasn't my listing? Edit to add: Does anyone regularly do this and have examples of what to send? Thinking of printing and mailing in hand addressed envelope. [link] [comments] |
| Posted: 14 May 2021 08:00 PM PDT Random question for other data nerd agents out there. Generally speaking, how much of your MLS input is required and/or typically inputted? Are there certain fields that contradict each other and lead to conflicting data/search results? Would you prefer fewer fields required or the opposite? How is your SF inputted (Above versus below grade/by level/etc)? How are measurements verified by your MLS? [link] [comments] |
| Posted: 14 May 2021 07:56 PM PDT How does everyone deal with not getting paid weekly or bi weekly and having to wait for closings to get paid? How do you manage your money? [link] [comments] |
| How can I become a property manager at age 18? Posted: 14 May 2021 08:23 PM PDT |
| Is it worth it to do home renovations in this market? Posted: 14 May 2021 03:33 PM PDT I want to sell my house. Its in a renown school district that most people in the county want to be in. Its a big house, 2120 sq ft, 4 bd 2 full bath built in the late 70's and the whole house is original. Green carpets, 70's kitchen, 70's light fixtures, white paint but its yellowed a bit. In the area my size house is sought after however my competition in this market is all normal looking houses that have updates. Nothing like HGTV, but nothing 70's like mine. If my house needed a few things but not big deal like most houses on the market here I would get around 650,000 for my house. How much less should I expect to get for my house? [link] [comments] |
| How do I purchase a home if I need to sell two homes to fund the one? Posted: 14 May 2021 03:17 PM PDT My mother in law passed away and we will be selling her property and split the funds between the siblings and I also want to sell my property. I know in order to buy I need to be at least under contract but I am not sure if I can time everything perfectly and be under contract on both homes at the same time. This is why I was thinking about looking at rentals but there's nothing in my school district and I have kids that I want to remain in the district. There is however tons of homes in the area for sale. I would like to be able to buy. Is there a way to make that happen? [link] [comments] |
| Posted: 14 May 2021 08:29 PM PDT I've been calling FSBOs but not having much luck. In this market, most are selling quickly on their own. I think the ones that stay on the market for weeks or months are just overpriced. Do you just call them and follow up every week? [link] [comments] |
| Commercial lease rent commission Posted: 14 May 2021 01:15 PM PDT How does an agent get paid if they bring a buyer to a commercial lease to get rented out? [link] [comments] |
| Posted: 14 May 2021 01:11 PM PDT I'm a new agent, and I'm trying how to optimize my Facebook business page to get more followers and also more leads. I created an ad with the "promote your page" option, and even though it's only been running for 2 days I expected better results. I'm doing $2/day and going to let it run for 30 days. So far the total spent is $3.68 and it got 3 likes, reached 177. Maybe this is normal, I don't know. But I heard it's best to let the ad run for 14 days so Facebook algorithm can learn more about the traffic, and then create ads to get more leads. My broker keeps talking about going out "door knocking" but that seems like such an inefficient use of my time, especially with what's going on today. Does anyone actually door knock? Does it work for you? When I got my license, I somewhat new what to expect when getting into this. But I was completely unaware that agents go door-to-door to get business. Surely in this digital age, it just seems like a waste of time [link] [comments] |
| You are subscribed to email updates from News and Ideas for Realtors. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment