Comments for Real Estate

Comment on Is it a good idea to hire a Realtor to sell my home for a 3.5% commission? by satarnag

satarnag — Wed, 10 Mar 2010 06:17:59 +0000

Hi Thomas,

I’m in Southern California and I am a broker. I offer 3% as one of my options to list a property. Just know that the listing agent is going to keep a certain percentage and offer the rest for the buyer’s agent.

I’m in Orange, San Diego and Riverside County. If you can hold off on selling your house for 3-5 years, I suggest you do so (I bet you never heard a real estate professional tell you that before!). If you need to sell, make sure you’re not tied into a long contract. Contact me and I will work something out with you and go over all your options. It’s my company so I can be flexible in determining your needs and resolving them.

I also am fluent in all aspects of real estate, from negotiating short sales to managing property. There’s nothing that I can’t do.

Regards
References :
Satar Naghshineh
satarnag@amirifinancial.com
California Licensed Real Estate Broker and Investor

Comment on Is it a good idea to hire a Realtor to sell my home for a 3.5% commission? by President, www.HSAInside.com

President, www.HSAInside.com — Wed, 10 Mar 2010 06:09:59 +0000

If you live in Southern California (so do I) I would suggest not signing a contract by "any" realtor for any longer than 3months, look this has become a quick changing market- do not sign a long term contract with any realtor, unless they are going to advertise your place in the times and pay for "staging" your house. I sold 3 of my personal homes in the last 30days in an area that has slowed, I signed up with a realtor that was willing to pay for a "staging company" and also advertise for the total time I had it listed with her. You see in life you don't get what you deserve, you get what you 'NEGOTIATE".. Winners negotiate better than loosers. Price at the end of the day means nothing, ROI means everything. Selling a home in November 2006 is completely different than selling your home in nov. 2005, so be strong!!!..beware the Lazy realtor, I cannot stand the ones that tell me they sold 10million in the past few years.. Look the last few years were not today, what have you sold in the last 30days is what matters.
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Comment on Is it a good idea to hire a Realtor to sell my home for a 3.5% commission? by tuisson

tuisson — Wed, 10 Mar 2010 05:40:59 +0000

Real estate sales people won't show your home if you don't pay them. In a down market one time I paid a $1,000 bonus for the selling broker, and it worked. Worth it.
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Comment on Is it a good idea to hire a Realtor to sell my home for a 3.5% commission? by Ms. Balls

Ms. Balls — Wed, 10 Mar 2010 05:01:59 +0000

Most Realtors and Real Estate Licensees are some of the hardest working folks I know. They are there to protect the interests of their clients and most do so wonderfully well. In the case you sell your home without one, then you stand the risk of accepting the fate many other inexperienced sellers accept: lawsuits. If you are diligent about the dentist and doctors who attend to your health needs, then it is only logical to seek out someone more experienced and is professionally trained to handle one of the largest investments most people make. In the final analysis, it could end up saving you money.
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Comment on Is it a good idea to hire a Realtor to sell my home for a 3.5% commission? by HMMMMMM

HMMMMMM — Wed, 10 Mar 2010 04:33:59 +0000

Many agents who use a commisssion rate in their ads engage in a bait and switch.

Make sure that the 3.5% isn’t for his half… and then compensating another agent (who represents the buyer) isn’t actually more.

Often times it is.
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Comment on Is it a good idea to hire a Realtor to sell my home for a 3.5% commission? by teran_realtor

teran_realtor — Wed, 10 Mar 2010 03:53:59 +0000

As a buyer’s agent, I love it when I see listings like this. I know my buyer is gonna get a steal.

First of all, the listing agent is offering a reduced "cooperative commission", so most other buyers are not going to see the house. Secondly, the listing agent is taking a pay cut himself, so he just wants it sold fast and will be good at "getting the seller to sign".

List it and have your agent give me a call. I always have buyers needing a great deal!
References :
14 yrs Texas Realtor

Comment on Is it a good idea to hire a Realtor to sell my home for a 3.5% commission? by damdawg

damdawg — Wed, 10 Mar 2010 03:27:59 +0000

Normally commissions are split between the buyer’s and seller’s agents. The usual split is 50/50. If this discount real estate agent accepts 3.5% then that means that the buyer’s agent will get 1.75% or half of the commission. Most agents I know will not show a house that offers less than 2.5% and in this market you want every person you can to see your home. If he wants to take 1% and offers 2.5% to the buyer’s agent it might work. Remember, you get what you pay for and most REALTORS® work very hard for their commissions and they are worth every penny.
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Comment on Is it a good idea to hire a Realtor to sell my home for a 3.5% commission? by capollar

capollar — Wed, 10 Mar 2010 03:14:59 +0000

It might be that they are going to represent the buyer and seller, in which case they only charge each of you about half of the usual commission. You get what you pay for, if I was selling my house, I would use the best person I could afford, that way I will get top dollar for my house.
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Comment on What is a short sale on a home? by TheShortSaleGoods.com

TheShortSaleGoods.com — Wed, 10 Mar 2010 02:54:59 +0000

What a short sale means for the buyer depends on what is meant on the listing. For some listings, it means that the seller is willing to consider a short sale. For others, it means that everything except the contract from a buyer has been submitted.

If you’re dealing with the former, it will usually take at least 30 days to get the lender to begin to negotiate as they have to open the file, assign someone to it, order a broker’s price opinion or appraisal and then get that information back. After that, it can be another 30 days to approval and then time to close.

If you’re dealing with the latter, it can be much faster because the lender is ready for the offer to come in and most of the prep work has been done. You could be closing as soon as 45 days after submitting your offer to the seller’s lender for approval.

Of course, all of this depends on the quality of the materials submitted and the skill of the person or people negotiating. You’re better off getting yourself educated on how to present the short sale and negotiate it or hiring a negotiation firm to do it for you. To get educated, go to http://www.theshortsalegoods.com and check out the products offered there. To hire a negotiation firm, you want one that doesn’t charge its entire fee up front and doesn’t charge you anything if unsuccessful. A good one is Mortgage Mitigators. http://www.mortgagemitigators.com. Check them out. Good luck.
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Comment on What is a short sale on a home? by Ed Atun

Ed Atun — Wed, 10 Mar 2010 02:49:59 +0000

The house has a mortgage of $200,000. It has a value of $150,000. If you sell it for what it is worth, the owner is "short" $ 50,000. The bank and the seller negotiate to determine how much both of them will agree to lose. This negotiation takes 90 days because many banks have only 2 employees handling 1,100 short sales. This does not turn out well for most buyers.
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