Forum Replies Created
-
AuthorPosts
-
SD Realtor
ParticipantOne thing that I was curious about is that I had a listing on Helenite in Baelarus two years ago and their kids went to LCC. I wasn’t sure how that was and I never asked them about it.
The Goldstone listing has an identical comp that is pending at 659k on Tigereye. Now yes Tigereye does back to Alicante and those lots are thin. Yet, they are the same 3424 sf floorplan. The Goldstone was a short sale at 674k but didnt sell, not sure if they had an offer on it and the lender didn’t accept or what but my guess is they did because it went contingent for 3 months. So they had an offer in process and the lender punted on it or the buyer walked. It was then on the market for a short time at 799k so that to me indicates the lender had punted on the short sale and was demanding a higher price. Freeking idiot lender. (This is all speculation by me. sdr may probably knows the listing agent so he may better insight on this one)
So to be quite honest, my main concern here has nothing to do with MR or SMHS or LCC… to me those damn power lines kill it and I think have greater impact on any buyers of the future then anything else. The fact that the home was built in 2005 indicates that the MR fees will in no way end in the near future. Generally MR are at least 20 years and usually longer. My recommendation would be for 700k to get further away from power lines. Especially if you are thinking about resale down the road.
ParticipantOne thing that I was curious about is that I had a listing on Helenite in Baelarus two years ago and their kids went to LCC. I wasn’t sure how that was and I never asked them about it.
The Goldstone listing has an identical comp that is pending at 659k on Tigereye. Now yes Tigereye does back to Alicante and those lots are thin. Yet, they are the same 3424 sf floorplan. The Goldstone was a short sale at 674k but didnt sell, not sure if they had an offer on it and the lender didn’t accept or what but my guess is they did because it went contingent for 3 months. So they had an offer in process and the lender punted on it or the buyer walked. It was then on the market for a short time at 799k so that to me indicates the lender had punted on the short sale and was demanding a higher price. Freeking idiot lender. (This is all speculation by me. sdr may probably knows the listing agent so he may better insight on this one)
So to be quite honest, my main concern here has nothing to do with MR or SMHS or LCC… to me those damn power lines kill it and I think have greater impact on any buyers of the future then anything else. The fact that the home was built in 2005 indicates that the MR fees will in no way end in the near future. Generally MR are at least 20 years and usually longer. My recommendation would be for 700k to get further away from power lines. Especially if you are thinking about resale down the road.
ParticipantOne thing that I was curious about is that I had a listing on Helenite in Baelarus two years ago and their kids went to LCC. I wasn’t sure how that was and I never asked them about it.
The Goldstone listing has an identical comp that is pending at 659k on Tigereye. Now yes Tigereye does back to Alicante and those lots are thin. Yet, they are the same 3424 sf floorplan. The Goldstone was a short sale at 674k but didnt sell, not sure if they had an offer on it and the lender didn’t accept or what but my guess is they did because it went contingent for 3 months. So they had an offer in process and the lender punted on it or the buyer walked. It was then on the market for a short time at 799k so that to me indicates the lender had punted on the short sale and was demanding a higher price. Freeking idiot lender. (This is all speculation by me. sdr may probably knows the listing agent so he may better insight on this one)
So to be quite honest, my main concern here has nothing to do with MR or SMHS or LCC… to me those damn power lines kill it and I think have greater impact on any buyers of the future then anything else. The fact that the home was built in 2005 indicates that the MR fees will in no way end in the near future. Generally MR are at least 20 years and usually longer. My recommendation would be for 700k to get further away from power lines. Especially if you are thinking about resale down the road.
ParticipantIs it “easier” to get your offer accepted if you don’t use a buyer’s agent and go directly to the listing agent?
*Yes for many cases. Depends on how honest the agent is so the odds are in your favor.
Is it reasonable to ask for a larger commission rebate if you go to the listing agent directly, since they don’t have to split half of with the buyer’s agent?
*Understand there are two commissions. The listing agent gets a commission from the seller. The selling agent (aka buyers agent) gets the coop commission from the seller. When a listing agent also acts as the selling agent they get BOTH commissions, there is no such thing as splitting or not splitting. Understand that all transactions vary and many listing agents have agreements with sellers that they MAY accept A REDUCED coop commission when they also represent the seller. However in general your premise may hold true, it is WORTH a try.
Is there a difference in how much commission there is for regular vs REO vs shortsale?
*Not much. Short sales seem to be the hardasses and sometimes they gut it to 2% or you run into cases where other lienholders need a payoff and nobody wants to pony up so the agents may need to. In general expect 2.5% on the coop maybe a 3% here or there.
*When a listing agent is also a selling agent, they are a dual agent. The representation is supposed to be as good for you the buyer as it is for the seller. Not really confident that is the case but you have to see for yourself. Many people here have used the listing agent as their agent. Temeculaguy did that for his home and I am sure many others have. Others have used a dedicated agent as they have found value in doing so.
* Different strokes for different folks. Inventory is a bitch. It is tough right now yb… Have patience.
ParticipantIs it “easier” to get your offer accepted if you don’t use a buyer’s agent and go directly to the listing agent?
*Yes for many cases. Depends on how honest the agent is so the odds are in your favor.
Is it reasonable to ask for a larger commission rebate if you go to the listing agent directly, since they don’t have to split half of with the buyer’s agent?
*Understand there are two commissions. The listing agent gets a commission from the seller. The selling agent (aka buyers agent) gets the coop commission from the seller. When a listing agent also acts as the selling agent they get BOTH commissions, there is no such thing as splitting or not splitting. Understand that all transactions vary and many listing agents have agreements with sellers that they MAY accept A REDUCED coop commission when they also represent the seller. However in general your premise may hold true, it is WORTH a try.
Is there a difference in how much commission there is for regular vs REO vs shortsale?
*Not much. Short sales seem to be the hardasses and sometimes they gut it to 2% or you run into cases where other lienholders need a payoff and nobody wants to pony up so the agents may need to. In general expect 2.5% on the coop maybe a 3% here or there.
*When a listing agent is also a selling agent, they are a dual agent. The representation is supposed to be as good for you the buyer as it is for the seller. Not really confident that is the case but you have to see for yourself. Many people here have used the listing agent as their agent. Temeculaguy did that for his home and I am sure many others have. Others have used a dedicated agent as they have found value in doing so.
* Different strokes for different folks. Inventory is a bitch. It is tough right now yb… Have patience.
ParticipantIs it “easier” to get your offer accepted if you don’t use a buyer’s agent and go directly to the listing agent?
*Yes for many cases. Depends on how honest the agent is so the odds are in your favor.
Is it reasonable to ask for a larger commission rebate if you go to the listing agent directly, since they don’t have to split half of with the buyer’s agent?
*Understand there are two commissions. The listing agent gets a commission from the seller. The selling agent (aka buyers agent) gets the coop commission from the seller. When a listing agent also acts as the selling agent they get BOTH commissions, there is no such thing as splitting or not splitting. Understand that all transactions vary and many listing agents have agreements with sellers that they MAY accept A REDUCED coop commission when they also represent the seller. However in general your premise may hold true, it is WORTH a try.
Is there a difference in how much commission there is for regular vs REO vs shortsale?
*Not much. Short sales seem to be the hardasses and sometimes they gut it to 2% or you run into cases where other lienholders need a payoff and nobody wants to pony up so the agents may need to. In general expect 2.5% on the coop maybe a 3% here or there.
*When a listing agent is also a selling agent, they are a dual agent. The representation is supposed to be as good for you the buyer as it is for the seller. Not really confident that is the case but you have to see for yourself. Many people here have used the listing agent as their agent. Temeculaguy did that for his home and I am sure many others have. Others have used a dedicated agent as they have found value in doing so.
* Different strokes for different folks. Inventory is a bitch. It is tough right now yb… Have patience.
ParticipantIs it “easier” to get your offer accepted if you don’t use a buyer’s agent and go directly to the listing agent?
*Yes for many cases. Depends on how honest the agent is so the odds are in your favor.
Is it reasonable to ask for a larger commission rebate if you go to the listing agent directly, since they don’t have to split half of with the buyer’s agent?
*Understand there are two commissions. The listing agent gets a commission from the seller. The selling agent (aka buyers agent) gets the coop commission from the seller. When a listing agent also acts as the selling agent they get BOTH commissions, there is no such thing as splitting or not splitting. Understand that all transactions vary and many listing agents have agreements with sellers that they MAY accept A REDUCED coop commission when they also represent the seller. However in general your premise may hold true, it is WORTH a try.
Is there a difference in how much commission there is for regular vs REO vs shortsale?
*Not much. Short sales seem to be the hardasses and sometimes they gut it to 2% or you run into cases where other lienholders need a payoff and nobody wants to pony up so the agents may need to. In general expect 2.5% on the coop maybe a 3% here or there.
*When a listing agent is also a selling agent, they are a dual agent. The representation is supposed to be as good for you the buyer as it is for the seller. Not really confident that is the case but you have to see for yourself. Many people here have used the listing agent as their agent. Temeculaguy did that for his home and I am sure many others have. Others have used a dedicated agent as they have found value in doing so.
* Different strokes for different folks. Inventory is a bitch. It is tough right now yb… Have patience.
ParticipantIs it “easier” to get your offer accepted if you don’t use a buyer’s agent and go directly to the listing agent?
*Yes for many cases. Depends on how honest the agent is so the odds are in your favor.
Is it reasonable to ask for a larger commission rebate if you go to the listing agent directly, since they don’t have to split half of with the buyer’s agent?
*Understand there are two commissions. The listing agent gets a commission from the seller. The selling agent (aka buyers agent) gets the coop commission from the seller. When a listing agent also acts as the selling agent they get BOTH commissions, there is no such thing as splitting or not splitting. Understand that all transactions vary and many listing agents have agreements with sellers that they MAY accept A REDUCED coop commission when they also represent the seller. However in general your premise may hold true, it is WORTH a try.
Is there a difference in how much commission there is for regular vs REO vs shortsale?
*Not much. Short sales seem to be the hardasses and sometimes they gut it to 2% or you run into cases where other lienholders need a payoff and nobody wants to pony up so the agents may need to. In general expect 2.5% on the coop maybe a 3% here or there.
*When a listing agent is also a selling agent, they are a dual agent. The representation is supposed to be as good for you the buyer as it is for the seller. Not really confident that is the case but you have to see for yourself. Many people here have used the listing agent as their agent. Temeculaguy did that for his home and I am sure many others have. Others have used a dedicated agent as they have found value in doing so.
* Different strokes for different folks. Inventory is a bitch. It is tough right now yb… Have patience.
ParticipantNot sure if that would be a good idea CAR. They would steal the show.
ParticipantNot sure if that would be a good idea CAR. They would steal the show.
ParticipantNot sure if that would be a good idea CAR. They would steal the show.
ParticipantNot sure if that would be a good idea CAR. They would steal the show.
ParticipantNot sure if that would be a good idea CAR. They would steal the show.
ParticipantI would also add that I have seen two different appraisers appraise the same property and come in at different valuations. If you really love the home then to me 5k is not a dealbreaker. If your priority is financially driven then you tell the seller take the appraised value or I walk and follow through.
-
AuthorPosts
