Engineers/contractors

[mike92104]

[quote=Rustico]Econoprof Yep,nudge them along to workable pricing if possible and/or let them keep it until it’s ripe.Market time is going to be a big help :).

I think you have a good attitude about it Mike. The part about picking up valuable information for this one… or perhaps the next. Calculating how much to put into the feasibilty study still poses a bit of a dilema. You probably have good instincts that will help you there. It is a great time, for those of us that are so inclined, to be improving on what we know toward this style of enterprise.

[/quote]

Yup. I will stick to the cheaper research first, and if that looks ok, I will proceed. Just about everything I have ever really enjoyed, and have kept for long periods of time have always needed a little work, but for some reason jumped out at me. I think I enjoy the challenges of learning new things under the gun, and I usually come out ahead a bit (never as much as I think I’m going to, but that’s life) Thanks for ll the help to everyone who has replied! This will keep me busy for a while.

On a side note, I know you, Rustico and SDrealtor are part time real estate agents (I think) and I was wondering who’s wall you hang your licenses on?I’m just a little curious about getting in to it as well, but I don’t want to change careers.

[NotCranky]

Getting your own license is a good idea. I have had my license with the same independent broker for 10 years.I pretty much sat out the boom though. I was part time before that and I guess I am easing in to part time now. It is a good match with my supervisor in that he doesn’t care what I do, but steps up 100% when I ask for his help. He has about 35 years in the business.I have gotten an 80% split on sales to clients and 90% split on my own purchases and sales, since we started working together.We take any rebates off the commission before the split.That is indicative of how fair my broker is.

With regards to this property we are discussing. How much market time does it have at the current price ?Can you gauge the traffic?I just wonder where you got the idea that the bank won’t “haggle”

REO is an example of a seller that is not likely going to remedy much or bother themselves to figure out what the true value of the property is, including just compensation in the price to the buyer for assuming responsibility for the issues it has. They may price more realistically than some private sellers do but often don’t go nearly far enough.It is not impossible that your target property turns out to be a good candidate for a low-ball to an extreme low-ball.

[NotCranky]

Getting your own license is a good idea. I have had my license with the same independent broker for 10 years.I pretty much sat out the boom though. I was part time before that and I guess I am easing in to part time now. It is a good match with my supervisor in that he doesn’t care what I do, but steps up 100% when I ask for his help. He has about 35 years in the business.I have gotten an 80% split on sales to clients and 90% split on my own purchases and sales, since we started working together.We take any rebates off the commission before the split.That is indicative of how fair my broker is.

With regards to this property we are discussing. How much market time does it have at the current price ?Can you gauge the traffic?I just wonder where you got the idea that the bank won’t “haggle”

REO is an example of a seller that is not likely going to remedy much or bother themselves to figure out what the true value of the property is, including just compensation in the price to the buyer for assuming responsibility for the issues it has. They may price more realistically than some private sellers do but often don’t go nearly far enough.It is not impossible that your target property turns out to be a good candidate for a low-ball to an extreme low-ball.

[NotCranky]

Getting your own license is a good idea. I have had my license with the same independent broker for 10 years.I pretty much sat out the boom though. I was part time before that and I guess I am easing in to part time now. It is a good match with my supervisor in that he doesn’t care what I do, but steps up 100% when I ask for his help. He has about 35 years in the business.I have gotten an 80% split on sales to clients and 90% split on my own purchases and sales, since we started working together.We take any rebates off the commission before the split.That is indicative of how fair my broker is.

With regards to this property we are discussing. How much market time does it have at the current price ?Can you gauge the traffic?I just wonder where you got the idea that the bank won’t “haggle”

REO is an example of a seller that is not likely going to remedy much or bother themselves to figure out what the true value of the property is, including just compensation in the price to the buyer for assuming responsibility for the issues it has. They may price more realistically than some private sellers do but often don’t go nearly far enough.It is not impossible that your target property turns out to be a good candidate for a low-ball to an extreme low-ball.

[NotCranky]

Getting your own license is a good idea. I have had my license with the same independent broker for 10 years.I pretty much sat out the boom though. I was part time before that and I guess I am easing in to part time now. It is a good match with my supervisor in that he doesn’t care what I do, but steps up 100% when I ask for his help. He has about 35 years in the business.I have gotten an 80% split on sales to clients and 90% split on my own purchases and sales, since we started working together.We take any rebates off the commission before the split.That is indicative of how fair my broker is.

With regards to this property we are discussing. How much market time does it have at the current price ?Can you gauge the traffic?I just wonder where you got the idea that the bank won’t “haggle”

REO is an example of a seller that is not likely going to remedy much or bother themselves to figure out what the true value of the property is, including just compensation in the price to the buyer for assuming responsibility for the issues it has. They may price more realistically than some private sellers do but often don’t go nearly far enough.It is not impossible that your target property turns out to be a good candidate for a low-ball to an extreme low-ball.

[NotCranky]

Getting your own license is a good idea. I have had my license with the same independent broker for 10 years.I pretty much sat out the boom though. I was part time before that and I guess I am easing in to part time now. It is a good match with my supervisor in that he doesn’t care what I do, but steps up 100% when I ask for his help. He has about 35 years in the business.I have gotten an 80% split on sales to clients and 90% split on my own purchases and sales, since we started working together.We take any rebates off the commission before the split.That is indicative of how fair my broker is.

With regards to this property we are discussing. How much market time does it have at the current price ?Can you gauge the traffic?I just wonder where you got the idea that the bank won’t “haggle”

REO is an example of a seller that is not likely going to remedy much or bother themselves to figure out what the true value of the property is, including just compensation in the price to the buyer for assuming responsibility for the issues it has. They may price more realistically than some private sellers do but often don’t go nearly far enough.It is not impossible that your target property turns out to be a good candidate for a low-ball to an extreme low-ball.

[mike92104]

I was planning on a low ball, but wanted some hard facts on the condition of the abatements first. I just didn’t feel the bank would try to fix any of it. They might lower the price though (which they did yesterday) As far as the price:

Price Reduced: 12/05/2008 from $259,900 to $254,900
Price Reduced: 11/03/2008 from $299,900 to $259,900
Price Reduced: 10/21/2008 from $304,900 to $299,900

As far as the traffic, I have been there a couple times and have not seen anybody around. I haven’t noticed anybody hovering and waiting for me to leave either. All of the signs have been taken down, so from the street you can’t even tell it’s for sale.

Sounds like your realty gig is just about what I would want. Part time, on my time, but with a good broker that takes his fair share. I’m going to head down to try to get a map of the setbacks, easments, and the original plans on monday. I’ll give you guy a call at that point after I’ve gathered all the info I can.

[mike92104]

I was planning on a low ball, but wanted some hard facts on the condition of the abatements first. I just didn’t feel the bank would try to fix any of it. They might lower the price though (which they did yesterday) As far as the price:

Price Reduced: 12/05/2008 from $259,900 to $254,900
Price Reduced: 11/03/2008 from $299,900 to $259,900
Price Reduced: 10/21/2008 from $304,900 to $299,900

As far as the traffic, I have been there a couple times and have not seen anybody around. I haven’t noticed anybody hovering and waiting for me to leave either. All of the signs have been taken down, so from the street you can’t even tell it’s for sale.

Sounds like your realty gig is just about what I would want. Part time, on my time, but with a good broker that takes his fair share. I’m going to head down to try to get a map of the setbacks, easments, and the original plans on monday. I’ll give you guy a call at that point after I’ve gathered all the info I can.

[mike92104]

I was planning on a low ball, but wanted some hard facts on the condition of the abatements first. I just didn’t feel the bank would try to fix any of it. They might lower the price though (which they did yesterday) As far as the price:

Price Reduced: 12/05/2008 from $259,900 to $254,900
Price Reduced: 11/03/2008 from $299,900 to $259,900
Price Reduced: 10/21/2008 from $304,900 to $299,900

As far as the traffic, I have been there a couple times and have not seen anybody around. I haven’t noticed anybody hovering and waiting for me to leave either. All of the signs have been taken down, so from the street you can’t even tell it’s for sale.

Sounds like your realty gig is just about what I would want. Part time, on my time, but with a good broker that takes his fair share. I’m going to head down to try to get a map of the setbacks, easments, and the original plans on monday. I’ll give you guy a call at that point after I’ve gathered all the info I can.

[mike92104]

I was planning on a low ball, but wanted some hard facts on the condition of the abatements first. I just didn’t feel the bank would try to fix any of it. They might lower the price though (which they did yesterday) As far as the price:

Price Reduced: 12/05/2008 from $259,900 to $254,900
Price Reduced: 11/03/2008 from $299,900 to $259,900
Price Reduced: 10/21/2008 from $304,900 to $299,900

As far as the traffic, I have been there a couple times and have not seen anybody around. I haven’t noticed anybody hovering and waiting for me to leave either. All of the signs have been taken down, so from the street you can’t even tell it’s for sale.

Sounds like your realty gig is just about what I would want. Part time, on my time, but with a good broker that takes his fair share. I’m going to head down to try to get a map of the setbacks, easments, and the original plans on monday. I’ll give you guy a call at that point after I’ve gathered all the info I can.

[mike92104]

I was planning on a low ball, but wanted some hard facts on the condition of the abatements first. I just didn’t feel the bank would try to fix any of it. They might lower the price though (which they did yesterday) As far as the price:

Price Reduced: 12/05/2008 from $259,900 to $254,900
Price Reduced: 11/03/2008 from $299,900 to $259,900
Price Reduced: 10/21/2008 from $304,900 to $299,900

As far as the traffic, I have been there a couple times and have not seen anybody around. I haven’t noticed anybody hovering and waiting for me to leave either. All of the signs have been taken down, so from the street you can’t even tell it’s for sale.

Sounds like your realty gig is just about what I would want. Part time, on my time, but with a good broker that takes his fair share. I’m going to head down to try to get a map of the setbacks, easments, and the original plans on monday. I’ll give you guy a call at that point after I’ve gathered all the info I can.

[NotCranky]

It sounds like you are saying that the garage is the only thing in the setbacks? Several things come to mind. First, the authorities usually are less disturbed by a garage than by living space. Second, Maybe it replaced a previous garage and can be “grandfathered” in,or at least that could be a component of a persuasive argument for keeping it. Look for evidence of this.Does anyone in the area have an old garage in the same area of their lot?Maybe the info you get from the city will show an old garage footprint.You want to make sure it isn’t built on top of an easement, besides being in the setbacks. That could be really appurtenant(real estate humor).

If it is not on top of an easement you could probably make a case for hardship or just the fact that doing anything about it doesn’t make sense. Think greasy wheel. A lawyer might come into play somewhere again, but maybe the city would just accept it.The opinion of the owner of the adjacent property is going to possibly or likely be important as well. It might be easier to fight if you were the culpable owner. It might not be so bad anyway.

As far as traffic goes you can check for how fast business cards are piling up on the kitchen counter or other location that would be handy to a buyer’s agent.

[NotCranky]

It sounds like you are saying that the garage is the only thing in the setbacks? Several things come to mind. First, the authorities usually are less disturbed by a garage than by living space. Second, Maybe it replaced a previous garage and can be “grandfathered” in,or at least that could be a component of a persuasive argument for keeping it. Look for evidence of this.Does anyone in the area have an old garage in the same area of their lot?Maybe the info you get from the city will show an old garage footprint.You want to make sure it isn’t built on top of an easement, besides being in the setbacks. That could be really appurtenant(real estate humor).

If it is not on top of an easement you could probably make a case for hardship or just the fact that doing anything about it doesn’t make sense. Think greasy wheel. A lawyer might come into play somewhere again, but maybe the city would just accept it.The opinion of the owner of the adjacent property is going to possibly or likely be important as well. It might be easier to fight if you were the culpable owner. It might not be so bad anyway.

As far as traffic goes you can check for how fast business cards are piling up on the kitchen counter or other location that would be handy to a buyer’s agent.

[NotCranky]

It sounds like you are saying that the garage is the only thing in the setbacks? Several things come to mind. First, the authorities usually are less disturbed by a garage than by living space. Second, Maybe it replaced a previous garage and can be “grandfathered” in,or at least that could be a component of a persuasive argument for keeping it. Look for evidence of this.Does anyone in the area have an old garage in the same area of their lot?Maybe the info you get from the city will show an old garage footprint.You want to make sure it isn’t built on top of an easement, besides being in the setbacks. That could be really appurtenant(real estate humor).

If it is not on top of an easement you could probably make a case for hardship or just the fact that doing anything about it doesn’t make sense. Think greasy wheel. A lawyer might come into play somewhere again, but maybe the city would just accept it.The opinion of the owner of the adjacent property is going to possibly or likely be important as well. It might be easier to fight if you were the culpable owner. It might not be so bad anyway.

As far as traffic goes you can check for how fast business cards are piling up on the kitchen counter or other location that would be handy to a buyer’s agent.

[NotCranky]

It sounds like you are saying that the garage is the only thing in the setbacks? Several things come to mind. First, the authorities usually are less disturbed by a garage than by living space. Second, Maybe it replaced a previous garage and can be “grandfathered” in,or at least that could be a component of a persuasive argument for keeping it. Look for evidence of this.Does anyone in the area have an old garage in the same area of their lot?Maybe the info you get from the city will show an old garage footprint.You want to make sure it isn’t built on top of an easement, besides being in the setbacks. That could be really appurtenant(real estate humor).

If it is not on top of an easement you could probably make a case for hardship or just the fact that doing anything about it doesn’t make sense. Think greasy wheel. A lawyer might come into play somewhere again, but maybe the city would just accept it.The opinion of the owner of the adjacent property is going to possibly or likely be important as well. It might be easier to fight if you were the culpable owner. It might not be so bad anyway.

As far as traffic goes you can check for how fast business cards are piling up on the kitchen counter or other location that would be handy to a buyer’s agent.

[Author]

Posts