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Bruce Arfsten's Advice

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  • 10 Contributions
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  • 5 Helpful

Bruce Arfsten wrote:

hello. how do i remove the recently sold designation on my home? thanks!

Answer
Can you be more specific?  Where is this designation?
October 16 2010
(0)

Can escrow legally start and close without ernerst money being deposited?

Answer
This does sound like a legal issue and you may want to consult with an attorney.  You don't say if you actually had a contract but I assume so since you received a notice of cancellation of escrow from someone. Title company?  If you had a contract with them which required you to deposit the earnest money and you did not, then you may be in default and there are remedies the other party may have depending on state law.  I'm a Realtor, not an attorney, so this is only my opinion based on my experience. As Celia mentioned, I'd also recommend getting a consultation with an attorney since it gets complicated.  Good luck!Bruce
October 16 2010
(0)

how do i post an open house?

Answer
On the Edit page for listings there is an Open House Dates field where you can enter those dates & times.
October 16 2010
(0)

Can I remove prior real estate listing price changes?

Answer
I can't speak for any other area and I don't know where you live, but here in North Texas the archives in the MLS will remain for several years.  This will show all previous MLS activity including listing dates, list prices including changes, status changes, etc.  I assume this is typical in other areas.
October 16 2010
(0)

Can you ask agent to lower commission?

Response
Cathy is right on with her comments.  When the market was smoking hot, everybody and their mother decided to get their real estate license, or get in the mortgage business.  The current downturn in many markets will help weed out the "bandwagon" folks and the true professionals will still be working hard in the business, representing their clients' interest and earning every dollar they are paid.  And for those that are always ready to claim Realtors are overpaid, don't forget about the listings that we take, spend money/time on marketing, showing, open houses, etc. and the house doesn't sell.  The paycheck for that work is $0.  Same with the buyer that looks for months and decides to stay in their apartment for another year.  But that is the nature of the business and we take the bad with the good.  It's one of the hardest ways to make a living that I know of.  No, we're not typically doing manual labor but the stress level and emotional factor that we deal with on a daily basis is indeed "hard" work.
March 14 2008
(0)

Need Advice Concerning Contracts

Response
Since real estate laws vary so widely from state to state it is difficult to provide much productive advice from outside. If you're in a location where the market is down and slow, the seller may be rather bitter about losing a contract and want to hold on to the earnest money, not knowing when the next buyer will show up.  If you are beyond any option periods and have no easy out, then probably being up front with your Realtor and beg for the mercy of the seller may be your only option.  Best of luck to you and hope things work out well with your family situation.
March 14 2008
(1)

Question about using a realtor

Response
Occasionally I'll have a client call me about problems with a denied claim from the home warranty company.  I tell them up front that it is basically an insurance policy and the "claims" are often denied and you may have to fight to get what you have coming to you.  The companies I suggest to my clients are ones that I have a contact in their marketing rep that can go to bat for the homeowner in those situations where the claim is wrongfully denied.  It's not a perfect situation for sure but many folks get more than their money's worth for the investment.
March 12 2008
(0)

2008 will be the BEST year for Real Estate

Response
The "bubble" did not occur in most areas of the country.  Certainly there were slowdowns in sales and increase in inventory but no precipitous drop in values overall.  The market cycles up and down but historically has always recovered to provide reasonable increases in value over time.  Trying to time a purchase with the bottom of the market is very difficult.  If someone is in the market to purchase a home in the near future, in most areas it's probably advisable to move forward with that purchase assuming you don't expect to live there for a year and turn around and make a killing on the resale.  A home is a place to live first of all -- not an investment to fund your retirement.
March 12 2008
(1)

what is home equity?

Response
Take a home equity loan with caution please.  Too many people over the years have been treating their homes like an ATM to get cash for stuff they don't really need, and now they are in a world of hurt if their home's value has declined.  Many can't even afford to sell the house now and pay the closing costs because they've been paying off their credit card debt with the equity from the house.  A good use of the home equity loan is to finance improvements to the property that will actually add value.
March 12 2008
(0)

Straight from the mouth of a teenager

Response
The victim and entitlement mentality is so prevalent in America these days, the number of people that expect the government to take care of them from cradle to grave is unbelievable.  Personal accountability?  Unheard of for way too many folks...
March 12 2008
(3)