Hi Joan. Just to reiterate, because sometimes six exact responses are simply not enough.
OP = Owner pays the brokers commission.
NO OP = YOU pay the brokers commission.
What does it all mean when we out it together? You pay first month's rent (maybe even first and last) and a security deposit that is usually equal to a full months rent. Then, you also pay the brokers commission which might be up to 15% of the yearly rent (approximately equal to a month and a half's rent).
Keep in mind we are in the rental season big time and there is little available. Get with a broker, get your paperwork together and get serious. Good luck.... more
Its best to get recommendations from your friends that are agents. I'm with VasTree in Los Angeles. I don't think they are taking agents in New York right now. Good luck!
Marina from www.VasTree.com... more
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Who really knows in this economy....
In my view depending on areas and states, in some areas the market is doing ok these days
in other words buyers are buying, s o m e
But I fear that there are still a lot of short sales and foreclosures and just stressed properties coming on the market, keeping prices low, and only those buyers with secure jobs and good down payment
or cash purchases are actually buying these days.
I think some buyers have the courage to buy back but most of them not, and many sellers cannot afford to sell, as they will not have enough equity to buy the next home.
I want to think before all goes happy go lucky upwards we will need another 2 - 3 years, and I tell
all my buyers if you buy now, make sure you want to stay in the home for another 5 years before
deciding to sell and move on ....
But nobody really knows for sure.....
EdithSellsHomes@gmail.com YourRealtor4Life Working always in the very BEST interest of her clients Buyers Sellers and Investors alike, covering for @ Properties Brokerage the city of Chicago, all N and NW suburbs and the fine homes on the North Shore, and all of the US and worldwide offerings with my partner agents.... Edith speaks several languages ....
Have a great day :)... more
Based on your desired market area Accelerated Realty offers marketing support & professional training from the best of the best, that is way beyond compare. Please contact me at your soonest possible convenience. You can reach me Mon - Fri 8 AM to 7 PM on Saturdays 12 noon - 5 PM and Sundays for call-backs on Mondays. Thank you, Steve E... more
Daily Real Estate News | Thursday, May 24, 2012 Mobile manners are getting worse, according to 81 percent of 2,000 Americans recently surveyed by Intel. Ninety-two percent of those surveyed said they
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We are seeing a drastic distortion in the perception of value in homes these days. What I see most of is three layers of sales comps in any given market. There's a distressed market made up of foreclosures, short sales, etc., a normal resale market made up of owner occupants who have kept their homes in decent shape, and a layer of freshly rehabbed houses which are selling at a premium. Most owners don't realize that if their kitchen is out dated or the house needs a new roof that they are not going to sell in the normal resale market segment and their property is now technically a distressed sale. These sales are normally around 50% of the fair market value in any given area. If an owner is hoping for market value on their sale they need to ensure that the condition of their house is comparable to market listings. There are an unprecedented amount of foreclosures on the market with a shadow inventory estimated to be 11 times the current inventory, many of which in fairly good shape but selling at steep discounts. The average owner is clouded by emotional ties to their property and it is more important now more than ever that as Realtors® we ensure that our clients are given an unbiased opinion of the property. The days of pulling a CMA in five minutes and arriving at a value are over, each property used to derive a value must be carefully examined. Honesty with your client is paramount and sugar coating the situation is only going to cause them to become frustrated and promote more problems in the real estate market.... more
My own opinion? The previous system needed reform. However, sometimes regulation goes to far and lenders become too careful. Yes, that's me saying that after sometimes scolding the banks for their behavior.
Sometimes we have to admit to ourselves that changes is good. But this change has strangled the market. If I get a chance to address all lenders, I might say:
Lenders are becoming an even greater obstacle to recovery.
To clear out accumulating inventory, there has to be lending. As for individuals, they're not getting the loans they need. Where do you turn if your bid on a home can't be covered with what you can borrow? The bottom of the market is clearing out.
Please consider doing some over the appraisal value lending? We have an inventory shortage here in Boulder County. We can barely get the signs in the yard before offers start rolling in.
Lenders are not going to head off the surge in prices that is bound to happen in a critically short housing market. There are reports of rents rising 30 percent in Weld County, which is to our east. The Northern Colorado Business Report just carried a report about rents skyrocketing as foreclosures are still a problem for Weld County.
While I might seem to be making the argument for the lenders - that the economy still has problems, the fact is lenders are ignoring the impact of all of these foreclosures and the need for more lending by business and individuals. How can the economy get going without the capital it needs? In the minimum, lend money to small contractors who can get these foreclosures in shape to sell.
I just toured a marvelous little condo in central Longmont. It was clean with newer carpet. The floor plan didn't allow for very large bathrooms, but this is a perfect example of what we could sell and sell plenty of right now. I loved this place because it was cozy and walkable. Who wouldn't want a place where they could walk two blocks for great coffee or a great meal? (Love O'Shays, which is close.)
I just kept thinking this place is perfect. But there aren't enough of them. Maybe the answer can be found in the planning departments that can suggest new mixed zoning uses that can accompany a larger vision of a walkable downtown. I like what is happening in Louisville on this note.
Lenders, please start lending. Please recognize that some local economies are moving and can move more quickly.... more
Finally a new message is being heard from the blogging world! Thank you EBS (Emergency Broadcast System)Without question there are those ridiculous bloggers who distinctively took advantage of a new system,
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Daily Real Estate News | Thursday, May 24, 2012 A real estate agent in West York, Pa., was kidnapped by a man who threatened her with a steak knife and robbed her following
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Daily Real Estate News | Thursday, May 24, 2012 Mobile manners are getting worse, according to 81 percent of 2,000 Americans recently surveyed by Intel. Ninety-two percent
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Last week in my Zebra Report I talked about finding your right "fit" at a real estate brokerage and the three reasons why most agents feel they need to leave their brokerage for greener pastures:Leadership
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Submitted by sdsu.edu/realestate and Published in their Spring 2012 Newsletter The Corky McMillin Center for Real Estate, The Real Estate Society of SDSU, and working real estate professionals in San
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By Neil Fjellestad and Chris De MarcoFBS Property ManagementThere are fundamental investment mistakes made by rental owners that can unravel the potential return and negate the inherent safety of the investment.
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Single family rentals are $3 trillion business today and growing as investors turn to real estate and opt to rent out the bargains they buy until prices improve. Today the single family rental market accounts
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