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James Callas

Zillow All Star

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Premier Agent

7 Recent Sales (last 12 months)

Broker - Builder - Designer, Real Estate Broker - Texas - 2014 (25 years experience)

Specialties:
Buyer's Agent,
Listing Agent,
Consulting,
Help First Time Home Buyers

Advice

  • (989 Contributions,
  • 22 Best Answers,
  • 138 Helpful)

Contributions are sorted newest to oldest.

Made an offer on a house & now it says pending

Answer

The real estate market is very active now, but before a listing can go pending an offer must be accepted by the seller. I must admit that I get frustrated by the same thing. Many times a house will be on the market for a long time and then I will have an interested buyer and just when we are ready to go forward it goes from active to pending. In this market you must be pro-active and be prepared to act quickly. Get a good pre-approval letter from the lender of your choice. Work with an agent to will respond quickly. Make your offer valid for 48 hours only or some set time. Be ready to move on to the next property. Also when you see a property you like....go for it as soon as you can. Inventory is low just now and the buyers are many. Good Luck!James CallasREALTOR

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Seller's agent asking to keep earnest money? Risky?

Answer

The safest move is to make the Earnest Money out to the the Title Company and not the individual. Yes we have our own trust accounts but agents and lawyers have had problems at times co-mingling their funds with yours...........a big NO NO.Title Companies are always the best place to hold escrow funds....Responsible 3rd Party.Good Luck!James Callas Broker REALTOR

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Question about buying a home that is part of an Estate

Answer

If you are really buying this house you should have a sales contract stating what you are buying and all the terms and conditions.You should have given an earnest money check to a local title company and the title company will be checking all the known conditions on the title.If you do not have a contract at this point you may not be getting to be the owner of this house.Demand a contract listing all terms and conditions you think was agreed to and go forward otherwise ???In my very young years as a contractor, I thought I going to purchase the old Nelsa Ann Swimming Pool Property, in Lumberton, TX from the Three Rivers Council BSA, we verbally agreed on the price and  I went about securing the funds in cash...finally having accumulating the money, I return to the office, to finalize the deal and start the projects I had planned there....They (meaning the Scout Office) arbitrarly upped the price by $10,000. No contract existed only verbal....I did not get to become the owner of that fine tract......I was going to sub-divide into 5 nice size tracts and keep the pool for all residents to share and enjoy..............it never happened...............Get a contract now or get another house. 

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how much should a realtor receive in commission when they represent both sides in a deal?

Answer

That is something that should have been discussed during the listing agreement.My fellow REALTORS will probably think I am old fashion...I am but totally up to date technology wise.I do not use any print media and there for my cost to list and market a home is less. Being a Premier Zillow Agent and listing a home gets me top placement and the last went under contract in just 15 days. I owe it to Zillow and all the people that use Zillow.I agree 5% is more than enough compensation but you did not mention the price your house is going for.Try and visit with your REALTOR and see how they feel about lowering their commission. Most are willing to work with their clients but some who have put in lots and lots of time have earned it.Good Luck!James Callas Broker REALTOR

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Can you be a "part-time" Real Estate agent?

Answer

It is possible but it is very hard to me. Most agents are working full time to help buyers and sellers.You will need to be accessible for your clients to treat you with respect and you must work very hard for them.I would say go for it...but be prepared to work hard.Good LuckJames Callas REALTOR

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Disclosure of broken bathroom fan & stove?

Answer

All sellers should fully disclose all they know. Some of the time they say they forgot, but being honest is the best way for sellers to proceed.Your buyers agent should help you achieve what you are asking.If you are going this alone, you will need to draft an an amendment and state what you are requesting and have the sellers sign off on same.In Texas deceptive trade practice violations are worth 3 times the amount of the claim.Honesty is the best policy.  Sellers that fudge on what they know are committing FRAUD.Good Luck!James Callas REALTOR

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How can I market a beautiful home that is relatively remote?

Answer

All the suggestions are good, but additionally a professionally prepared Virtual Tour will aid in the marketing of the remote property. Properly prepared Virtual Tours should get you some traffic...........also syndicate on Postlets.comGood Luck!James Callas REALTORBroker

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What is required for me to sell my property?

Answer

1. You must own the property or have the authority to act as the owner.2. You should contact a REALTOR and get a CMA so you know what is the best price you can get for the property.3. List with a REALTOR is always the first choice , but if you want to try it on your own list as a For Sale By Owner right here on Zillow.comGood Luck!James Callas BrokerREALTOR

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