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    Sunday, May 16, 2021

    Realtors: r/realestate is constantly discussing the value of our commissions. I reply every once in a while when the mood strikes. Be sure to chime in ethically and respectfully.

    Realtors: r/realestate is constantly discussing the value of our commissions. I reply every once in a while when the mood strikes. Be sure to chime in ethically and respectfully.


    r/realestate is constantly discussing the value of our commissions. I reply every once in a while when the mood strikes. Be sure to chime in ethically and respectfully.

    Posted: 16 May 2021 03:19 AM PDT

    Ask if tenants speak English?

    Posted: 16 May 2021 08:25 AM PDT

    If a client only wants English speaking tenants for purposes of communication,

    a) can REALTORs filter tenants by ability to speak English or require tenants to be able to speak some English?

    b) can REALTORS ask and disclose current tenant languages in an occupied building?

    I feel like this is an obvious need for landlords but could become highly discriminating if interpreted for the worse. Could be all sorts of problems here

    EDIT: Here's an incomplete answer from HUD.gov which kinda helps with part a. Still uncertain on part b.

    https://www.equalhousing.org/wp-content/uploads/2014/09/2012-Immigration-Status-FAQ.pdf

    https://preview.redd.it/9drg8urn5iz61.png?width=815&format=png&auto=webp&s=d4f7fc0d542063f14d2a61365a584334b6fee17c

    submitted by /u/mikefromtheblock
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    Does it make sense to invest in new appliances before putting your home on the market?

    Posted: 16 May 2021 09:48 AM PDT

    In a old house where the appliances are from 1990, is it worth it to replace the appliances or just have the person purchasing the property replace them? I don't think getting new appliances will affect the value of my home. Its pretty much original from 1966 and if I put new stainless steel appliances in it wouldn't look right since its a fixer upper. My stove is not working however and I am worried even though the purchaser may not care, the appraiser may have an issue with non working appliances.

    submitted by /u/RealEstateSalary
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    I am currently 17 and looking to become a realtor in the future. What type of education would I need to do that?

    Posted: 16 May 2021 11:35 AM PDT

    Success stories yearly commission

    Posted: 16 May 2021 08:37 AM PDT

    Any success stories? Was real estate full time the right choice? How's your yearly commission looking?

    submitted by /u/Blondie12388
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    Should I be taking my clients out to lunch’s/drinks/sports games etc?

    Posted: 15 May 2021 04:10 PM PDT

    I see this a lot in the real estate shows but I'm not sure if they just do that for the show or if it's something that's only expected in the multi-million dollar markets or not.

    submitted by /u/warminthesnowstorm
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    Insight in accepted offers

    Posted: 15 May 2021 04:08 PM PDT

    Detroit Metro here, I have a couple clients trying to buy (one in the 300s range, the other in the 400s), we have been placing offers above asking, appraisal guarantees, 30 to 45 day occupation, even one time waving inspection and none of them went through.

    Any insight from sellers and buying agents regarding what your clients are looking for? Which kind of offers are they accepting? Any terms to make the offer more attractive? how much more above asking are the offers you're receiving/placing?

    For buyers agents: how long is it taking you/your clients to find a place? how many offers placed before getting one through?

    Any insight and suggestions are greatly appreciated Thank you!!

    submitted by /u/Maguilar007
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    Question On Manufactured Homes

    Posted: 15 May 2021 06:29 PM PDT

    Hi I am a Maryland real estate agent and I have a client who wants to buy a piece of land and put a manufactured home on it. I'm having trouble figuring out how feasible it would be. I've been hearing that it is difficult to add a manufactured home to a piece of land even if the land is in a residential area. Dows anyone have any experience with this and can give me any advice on how to proceed? The client is looking in Prince George's County Maryland and Anne Arundel County Maryland.

    submitted by /u/Affectionate_Rule263
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    Common issues that cause a house not to be mortgageable?

    Posted: 15 May 2021 01:49 PM PDT

    I am a new agent and I am wondering what are some common problems with houses that cause a mortgage not be be approved? I know if a house has an unlevel front walkway and could be a tripping hazard is one, foundation problems, a leaky roof, etc. What are some other common things that homeowners over look as not needing to repair that cause a purchaser using a mortgage to not go through?

    submitted by /u/RealEstateSalary
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    Mortgage or immediate refi?

    Posted: 15 May 2021 04:22 PM PDT

    I have a buyer who is getting a significant gift from his parents to buy his first house. He's planning to use that gift for about half the purchase price, and he'll finance the rest. The house will be in his name. The seller of the property he wants is asking for a 60 day rent back option. We are offering on a house likely to go 15%+ over asking, so making the offer as competitive as possible is critical. Here are the options as I see them:

    1. Take out a mortgage, use the gift as a down payment, and give some length of rent back. In this case he'd need to do roughly a 45 day close, which, when added to the rent back, means that he'd need a temporary rental in the short term until he can take occupancy. He'd waive the financing contingency.
    2. Take a much larger temporary gift from his parents, pay cash and close in ~two weeks, and then immediately refinance.

    The benefit of the second option is that it starts the rent back sooner. My question is if anyone has been in this situation and has some experience with rates in both scenarios and what is more advantageous. Thank you in advance for any insight you can provide!

    submitted by /u/schulni
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