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Austin : Real Estate Advice

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  • Local Info182
  • Home Buying769
  • Home Selling119
  • Market Conditions60

Activity 2,283
Yesterday at 2:52pm
Susie Kay answered:
I would suggest that you read your contract again AND ask your realtor for advice.
0 votes 1 answer Share Flag
Yesterday at 11:59am
Jinniewilkins37 answered:
My lease is up at the end of June and I want to move out I do not want to renew my lease I do not want to be on this property anymore am I obligated to stay here for 30 more days
0 votes 16 answers Share Flag
Fri Jun 23, 2017
Kristyn answered:
Hi my name is Kristyn and Im a local realtor in Austin. If you are still looking, I'd be more than happy to help you find a place near UT campus. Have a great weekend! ~ Kristyn Lynch 512-529-0602 or kristyn@seedpropertygroup.com ... more
0 votes 5 answers Share Flag
Mon Jun 19, 2017
Angelica P answered:
Hi,

Please be advised that your property is already listed on Trulia.



Thank you for using Trulia!

Angelica
Consumer Care Advocate
http://www.trulia.com/help/ask/
0 votes 2 answers Share Flag
Thu Jun 15, 2017
Sara Parhizkar asked:
I'm buying a newly constructed home built by a local builder. The house isn't complete and we haven't been able to get an inspection because the builder needs to get a code inspection first.…
0 votes 0 Answers Share Flag
Thu Jun 15, 2017
Grant.curtis.williams answered:
Apartment/Lease Locators are a free service to you. They get paid a commission from the community you choose. You can also check out the local property management companies in the area for available rentals. I found my place with Stone Oak Property Management. I'm sure they or another property manager has availability. ... more
0 votes 16 answers Share Flag
Sun Jun 11, 2017
Susie Kay answered:
Sun Jun 11, 2017
Susie Kay answered:
Yes, you can put a house for sale without any remodeling or any repair if you wish. You just have to remember that you most likely attract investors as your buyers. With investors, there is no emotional attachment with the property, everything is about the return rate. That means more likely you'll sell your home for cheap. Of course, you have the convenience of selling the home as is. ... more
0 votes 1 answer Share Flag
Fri Jun 9, 2017
Sudhir Matthew answered:
I do have a few 1% realtors in my market. Their story is that they will list for a total 3.5% of which 1% goes to the listing agent, but a 2.5 is a must for the buyer's agent as all realtors give 2.5% to the buyer's agent. Advising that the buyer’s agent commission cannot be lower than 2.5% otherwise many cooperating Realtors may not show keen interest to show the home.
Most 1% realtors are a team. Sometimes the team member is an active realtor or the silent spouse.
Can you imagine how much a realtor can make from selling your home at 1%? Considering the fact that there is a cost to list a home and to get it SOLD, and most realtors agree to cover the below cost in their 1% commission.
House cleaning
Carpet Cleaning
Staging
Pictures
virtual tour
Signpost
Brochures (flyers)
Then there are costs to the realtor that he/she pays annually for:
Membership to the MLS
Web hosting for the website.
Cost to advertise & market his service. Prospecting.
License renewal.
Then there is time spent in selling the home:
Posting it on MLS
Web posting
Broker tour (cost of snacks & water (the minimum cost)
Open House (sometimes snacks & water)
reviewing offers
Negotiations
Managing the transaction.
Transaction coordination (if they have a coordinator then there is a fee)
A cost to maintain a car & gas.
So, for the time and money spent on selling the listing, a listing agent can never survive on a 1% commission. Because after all the expenses he still needs to pay his taxes and if he is the owner of the brokerage there is a cost to run his business/rent a place to run his business. If he is working under a brokerage then he must split whatever is left out of the 1% with his brokerage.
So, what is typically done is to try to list it much lower than the market, advising that if it's listed much lower we will have more buyers at the open house. Listing a home, a little lower is good but much lower is not always good.
From the listing agent’s perspective, it’s a numbers game, the more buyers walk in at the open house they will be able to grab at least one buyer and offer him/her a rebate and double end the deal. That's a total 3.5% commission less whatever buyers rebate. Also, pick up a few more buyers and sell them some other homes.
When a home is listed at 1% I believe the realtor is working for his/her own interest to get a buyer and to represent him/her with the purchase. Otherwise, it’s very hard for any realtor to survive in this industry with a 1% commission with all the above expenses in any market condition Unless the home price is in the millions.
The median price range in my market is 1million.
The debatable question - is the seller getting the highest & best offer.
... more
0 votes 48 answers Share Flag
Fri Jun 2, 2017
Amanda answered:
Hi, it will show, BUT, you can TELL prospective landlords this was your exhusband's activities, he is out of the picture and has moved back to Arkansas or wherever the hell you want to say. Got it?? Good. Now find yourself a job as a cocktail waitress or bartender, that's cash money and you'll love the neat people you will meet...I picture you at a nice restaurant. I'm 64, I've been around, and this is good advice, good LUCK! ... more
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Wed May 24, 2017
Susie Kay answered:
0 votes 2 answers Share Flag
Wed May 24, 2017
Susie Kay answered:
Why do you think it was removed? Is the agent stealing or trying to clear the garage so the home looks nice for potential buyers? How valuable is the item removed? I would call the agent's broker. There's no excuse of removing someone's property without permission. ... more
0 votes 2 answers Share Flag
Wed May 24, 2017
Charlesautod answered:
Good morning I would like to know if I just have my w2 from years I worked and current pay stubs and bank statements will that be enough to satisfy the lender or underwriter?
0 votes 15 answers Share Flag
Fri May 19, 2017
James Farias answered:
Stumbled upon this thread and I find it disconcerting that the agents answering the question seem to know less about the TREC 1-4 contract, and Third Party Financing Addendum. While it is an old thread, there are likely many people still reading the question and the answers and being misinformed.

The number of days in the Third Party Financing Addendum applies to *buyer* approval only - *not property* approval. Property approval is not subject to that time frame, as that is at the discretion of the lender, who is not a party to the contract.

That being said, just because a house did not appraise at contract price, does not mean the buyer can just terminate the contract. The person asking the question is more correct here than the agents giving advice.

From TAR:

"Maybe. A low appraisal doesn't always give a buyer an automatic right to terminate the contract. It depends on whether the lender approves financing for the amount written into Paragraph 4A. If the lender doesn't approve the loan because of the appraisal, the buyer can terminate at any time before closing and receive his earnest money back.

However, the lender may still approve the loan despite the low appraisal. This could happen if the buyer is making a large downpayment. If the lender still approves the loan, the buyer may not use a low appraisal as a reason to terminate under Paragraph 4A. "
... more
0 votes 21 answers Share Flag
Mon May 15, 2017
Susie Kay answered:
I agree with Vivianne below. I would suggest that you go to your county office and try to work with them.
0 votes 2 answers Share Flag
Thu May 11, 2017
M. Herb answered:
Help I need an apartment or small house for myself and my 17 lb dog asap. Like, I need to move in today type of asap. My credit is a train wreck and I have a foreclosure. BUt I have impeccable renter's history and have been at the same job for over 17 years....that's gotta go for something. I know that there are people and or apartments willing to overlook the bad credit stuff. If anyone knows of them, please get back to me. I gotta find a place to live today! Thanks! ... more
0 votes 2 answers Share Flag
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