Looking to buy a house and been working with a real estate agent. I was searching on buyowner and saw a couple of houses that interest me. I’m not sure if I should go to see the houses on my own or let my real estate agent know about it too. I do feel bad if she doesn’t get any commission on it becuz she has been working hard in showing me houses.
BE CAREFUL.
If you have signed a contract with a real estate agent, and you buy ANY house, the agent will probably be due a comission. READ THE CONTRACT THAT YOU SIGNED. If you buy a FSBO (for sale by owner) that owner is under no obligation to pay a comission to the broker. Which means, that you could be on the hook for 3% of the sales price. That would be an extra 3% ON TOP of what you pay the buyer.
If you want to buy a house that’s FSBO, make sure that your contract with the real estate agent is not in effect when you make the offer. And make sure that the agent didn’t show you the house. If they can proove that you made an offer on the house while you were under contract with them, or that you found the house through them, it’s likely that the contract that you’ve signed with them will provide for a payment of comission.
You can see if the seller is interested in paying the real estate comission to your broker, but I would imagine that most sellers would not be interested in that arrangement.
I wish you luck, and I hope that helps.
A real estate broker is like a car-salesman, but for homes. They live on their image and reputation. Most go to great lengths to build themselves up as much as they can.
i must decide what course i should take before i continue study at university. So i dont know real estates is a good choices for me or not. Furthermore,in future. It is have a lot of jobs???or i should change that course????help me please!!!
It varies from state to state but I never heard of a real estate diploma usually it’s a certificate. I would not recommend this course not just because of the housing market but because I feel it would be difficult to make a living off of it. Think about it how often do people move from their homes. every 5-7 years is the average and now you’re competing against all the real estate agents. It just sounds like a huge head ache.
Feb. 25 (Bloomberg) — Martin Cohen, co-chief executive officer at Cohen & Steers Inc., talks about the state of the commercial real estate market. (Source: Bloomberg)
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Having two real estate agents will give you more choice overall.
For example, I am looking for a house right now. I fell head over heels with a small 3 bedroom house, only to have it disappear 2 days later. Then it reappeared on my second agents website, and I learned that he had that house under contract.
Remember that you do not have to give both agents a commission. A lot of agents will happily show you houses and give advice for free, in the hopes that you will buy a house through them. Once you have settled on a house it is a matter of seeing who can get you a better deal.
Finally, this is kind of off- topic, but I would do some research into the real estate market near your area before you buy. The market is going down the tubes these days and you may regret buying a house ten years from now.
Of course, prices are the lowest they have been in decades, so it could also be the best investment you will ever make.
Good luck!
If so when and where
It would be completely illegal. The agent and the agents broker will lose their license, and lose their shirt in fines.
but today both value of money and property are going down?
what is the ultimate reason why are the real estate in US is falling?
Because this time, the decline in the dollar is accompanied by a simutaneous credit cruch and increased risk. Any increase in foreign demand for RE assets that is caused by the lower value of the dollar is being trumped by reduced demand and increased supply from lower credit availability and higher volatility.
Real estate reporter Lauren Beale says even the rich are finally having to cut their prices. And she says there are are lessons for everyone in the mistakes of Leona Helmsley. Read more at http://bit.ly/aXWDKR
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I was required to use my credit card to recived their coaching and sign a form that i could not get a refond. but now after 3 mounths i know this is clearly a scam. but because of the sign form i feel helpless. what cam i do?
You typically have 60 days to dispute a credit card charge. Even though you are past that point, I would go ahead and file a dispute with the credit card company. As far as getting it back from the company, if it is really a scam the odds are the you won’t be able to even deal with them.
I am sorry for the loss, but in the future dispute any charge within 60 days if you even suspect there’s a problem.
Feb. 17 (Bloomberg) — Craig Donohue, chief executive officer of CME Group Inc., talks with Bloombergs Erik Schatzker about growth opportunities in real estate and “green” products.
Donohue also discusses the outlook for investing in emerging markets, the potential opportunities in over-the-counter derivatives and the prospects of future mergers and acquisitions. (Source: Bloomberg)
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