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SD Realtor
ParticipantWhen someone sells a home there are two sides, a listing side, (the agent who represents the seller) and a selling side, (the agent who represents the buyer).
The seller generally pays a commission to both sides. The seller will generally pay a commission of 2.5 – 3% to each side. Commissions are negotiable by law however when the seller signs a listing agreement that is where the commission for each side is specified. There are plenty of brokerages that will charge less based on the services offered for the listing side of the transaction.
Ask your realtor to look on the multiple listing service for the particular home you are interested in to find out how much commission they are paying the selling agent (known as the buyers agent). Generally it is 2.5 to 3%. You will not be able to find out how much the seller is paying the listing agent as that is not posted on the MLS. The commission information is only on the MLS and gets distilled out when the listing is sent out to the third party databases like redfin or sdlookup or any other places.
SD Realtor
ParticipantWhen someone sells a home there are two sides, a listing side, (the agent who represents the seller) and a selling side, (the agent who represents the buyer).
The seller generally pays a commission to both sides. The seller will generally pay a commission of 2.5 – 3% to each side. Commissions are negotiable by law however when the seller signs a listing agreement that is where the commission for each side is specified. There are plenty of brokerages that will charge less based on the services offered for the listing side of the transaction.
Ask your realtor to look on the multiple listing service for the particular home you are interested in to find out how much commission they are paying the selling agent (known as the buyers agent). Generally it is 2.5 to 3%. You will not be able to find out how much the seller is paying the listing agent as that is not posted on the MLS. The commission information is only on the MLS and gets distilled out when the listing is sent out to the third party databases like redfin or sdlookup or any other places.
SD Realtor
ParticipantWhen someone sells a home there are two sides, a listing side, (the agent who represents the seller) and a selling side, (the agent who represents the buyer).
The seller generally pays a commission to both sides. The seller will generally pay a commission of 2.5 – 3% to each side. Commissions are negotiable by law however when the seller signs a listing agreement that is where the commission for each side is specified. There are plenty of brokerages that will charge less based on the services offered for the listing side of the transaction.
Ask your realtor to look on the multiple listing service for the particular home you are interested in to find out how much commission they are paying the selling agent (known as the buyers agent). Generally it is 2.5 to 3%. You will not be able to find out how much the seller is paying the listing agent as that is not posted on the MLS. The commission information is only on the MLS and gets distilled out when the listing is sent out to the third party databases like redfin or sdlookup or any other places.
December 7, 2009 at 5:18 PM in reply to: Contrary to popular belief FHA loans are NOT carrying many areas of SD County #491505SD Realtor
ParticipantAgreed and had a few fha/va deals close this year. Two fo the FHA demanded a seconary appraisal but the deals ultimately got done. Now that the squeeze is on it is not so much that FHA loans are not going through as much as sellers are snubbing them. So you see many less closings because you see many less FHA offers getting accepted.
Furthermore none of the flipped properties will accept an fha loan because of seasoning.
So it is not that fha loans are not getting approved, it is that fha offers are getting punted in many cases.
December 7, 2009 at 5:18 PM in reply to: Contrary to popular belief FHA loans are NOT carrying many areas of SD County #491671SD Realtor
ParticipantAgreed and had a few fha/va deals close this year. Two fo the FHA demanded a seconary appraisal but the deals ultimately got done. Now that the squeeze is on it is not so much that FHA loans are not going through as much as sellers are snubbing them. So you see many less closings because you see many less FHA offers getting accepted.
Furthermore none of the flipped properties will accept an fha loan because of seasoning.
So it is not that fha loans are not getting approved, it is that fha offers are getting punted in many cases.
December 7, 2009 at 5:18 PM in reply to: Contrary to popular belief FHA loans are NOT carrying many areas of SD County #492053SD Realtor
ParticipantAgreed and had a few fha/va deals close this year. Two fo the FHA demanded a seconary appraisal but the deals ultimately got done. Now that the squeeze is on it is not so much that FHA loans are not going through as much as sellers are snubbing them. So you see many less closings because you see many less FHA offers getting accepted.
Furthermore none of the flipped properties will accept an fha loan because of seasoning.
So it is not that fha loans are not getting approved, it is that fha offers are getting punted in many cases.
December 7, 2009 at 5:18 PM in reply to: Contrary to popular belief FHA loans are NOT carrying many areas of SD County #492141SD Realtor
ParticipantAgreed and had a few fha/va deals close this year. Two fo the FHA demanded a seconary appraisal but the deals ultimately got done. Now that the squeeze is on it is not so much that FHA loans are not going through as much as sellers are snubbing them. So you see many less closings because you see many less FHA offers getting accepted.
Furthermore none of the flipped properties will accept an fha loan because of seasoning.
So it is not that fha loans are not getting approved, it is that fha offers are getting punted in many cases.
December 7, 2009 at 5:18 PM in reply to: Contrary to popular belief FHA loans are NOT carrying many areas of SD County #492375SD Realtor
ParticipantAgreed and had a few fha/va deals close this year. Two fo the FHA demanded a seconary appraisal but the deals ultimately got done. Now that the squeeze is on it is not so much that FHA loans are not going through as much as sellers are snubbing them. So you see many less closings because you see many less FHA offers getting accepted.
Furthermore none of the flipped properties will accept an fha loan because of seasoning.
So it is not that fha loans are not getting approved, it is that fha offers are getting punted in many cases.
SD Realtor
ParticipantGo to something like redfin or zillow. Find the same listing. I just went to realtor.com and all the listing agents are on the right hand side of each listing. It should be trivial to find. Good luck!
SD Realtor
ParticipantGo to something like redfin or zillow. Find the same listing. I just went to realtor.com and all the listing agents are on the right hand side of each listing. It should be trivial to find. Good luck!
SD Realtor
ParticipantGo to something like redfin or zillow. Find the same listing. I just went to realtor.com and all the listing agents are on the right hand side of each listing. It should be trivial to find. Good luck!
SD Realtor
ParticipantGo to something like redfin or zillow. Find the same listing. I just went to realtor.com and all the listing agents are on the right hand side of each listing. It should be trivial to find. Good luck!
SD Realtor
ParticipantGo to something like redfin or zillow. Find the same listing. I just went to realtor.com and all the listing agents are on the right hand side of each listing. It should be trivial to find. Good luck!
SD Realtor
Participantocr you can get financing for less the 50% owner occupancy but it is harder. Again, the reason is the hoa litigation. No lenders will lend on that. Think about it. Occupancy makes it harder but you can get a loan on it for investment property.
At the end of the day you are looking at about a 6% return on the investment cash on cash for a rental. I am not saying that is good or bad, it is simply what it is.
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