Profile picture for Dick Barr

Dick Barr

Premier AgentTeam

70 Recent Sales (last 12 months)

Broker/Owner (14 years experience)

Specialties:
Buyer's Agent,
Listing Agent,
Relocation,
Foreclosure

Advice

  • (18 Contributions,
  • 0 Best Answers,
  • 4 Helpful)

Contributions are sorted newest to oldest.

How do I sell my home on my own?

Answer

I see a bit of agent bashing in here and I also see some agent self promotion.I am an agent, admittedly, and proud.  However, I am also a perpetual DIYer.  Can you sell your home on your own? Absolutely.  Can you file your own divorce papers in court? Absolutely. Can you rewire your own home for electricity? Absolutely. Can you deliver a baby on your own in your home? Absolutely. Everything that can be done, can be done on your own. The purpose of hiring a REALTOR, is the same reason you hire an attorney, an electrician, an Obstetrician, etc. You hire one to help guide you through the process.  Hopefully, youre wise enough to hire a REALTOR with a lot of experience, just as in any of the other trades and services. If hiring an agent, you're hoping to find one who has encountered MANY MANY obstacles in their career, because those obstacles are what train the agent to know how to handle them.I've been doing this 16 years now, and even to this day, I encounter something new every day.  Something not expected and planned for.  A versatile agent can help you when things go wrong, and they can also help you plan to not have as many things go wrong.Just last week I was representing a buyer of a home, and it turned out the home they were purchasing was misrepresented as being in the "Right" school district, as opposed to the "VERY WRONG" school district. The funny thing here was the home was not completely misrepresented, because the home was on 2 lots, the 1 parcel (representing only about 1/8th of the property) was in the "right" district, but the bulk was in the "Wrong" district.  Without representation, noone would have caught the mistake. School district doesn't show up on title reports, disclosures, etc. It was only after advising her to call the school to make arrangements that the mistake was discovered.  I understand this is very anecdotal, however the point is that we are here to consult with, make you feel comfortable, give you advice on obtaining top dollar and limiting liability. A good agent will more than pay for themselves when selling a home.That said, are there deals that are just fantastically easy? Absolutely. The right house, in the right market, with the right plannning can be sold easily, REALTOR or not. 

  (2)
How do I sell my home on my own?

Answer

I see a bit of agent bashing in here and I also see some agent self promotion.I am an agent, admittedly, and proud.  However, I am also a perpetual DIYer.  Can you sell your home on your own? Absolutely.  Can you file your own divorce papers in court? Absolutely. Can you rewire your own home for electricity? Absolutely. Can you deliver a baby on your own in your home? Absolutely. Everything that can be done, can be done on your own. The purpose of hiring a REALTOR, is the same reason you hire an attorney, an electrician, an Obstetrician, etc. You hire one to help guide you through the process.  Hopefully, youre wise enough to hire a REALTOR with a lot of experience, just as in any of the other trades and services. If hiring an agent, you're hoping to find one who has encountered MANY MANY obstacles in their career, because those obstacles are what train the agent to know how to handle them.I've been doing this 16 years now, and even to this day, I encounter something new every day.  Something not expected and planned for.  A versatile agent can help you when things go wrong, and they can also help you plan to not have as many things go wrong.Just last week I was representing a buyer of a home, and it turned out the home they were purchasing was misrepresented as being in the "Right" school district, as opposed to the "VERY WRONG" school district. The funny thing here was the home was not completely misrepresented, because the home was on 2 lots, the 1 parcel (representing only about 1/8th of the property) was in the "right" district, but the bulk was in the "Wrong" district.  Without representation, noone would have caught the mistake. School district doesn't show up on title reports, disclosures, etc. It was only after advising her to call the school to make arrangements that the mistake was discovered.  I understand this is very anecdotal, however the point is that we are here to consult with, make you feel comfortable, give you advice on obtaining top dollar and limiting liability. A good agent will more than pay for themselves when selling a home.That said, are there deals that are just fantastically easy? Absolutely. The right house, in the right market, with the right plannning can be sold easily, REALTOR or not. 

  (0)
Agent refusing to show any houses until we are prequalified.

Answer

I hear this alot.  It is also my prerequisite for working with a buyer.  Here's your challenge.  If you do get a Broker willing to spend time with you, not knowing that you can perform, it will very likely be a desperate agent, who may not be great with their time management skills.If your agent is requiring it, there's a good chance they know exactly what they're doing.  That's not a guarantee, just a probability. Quite frankly, the problem sounds to be more with your lender than with your agent.  Every lender worth a salt can prepare a prequalification based on some simple documents and a credit score, and have that completed within 2-3 hours. If you look at my profile, you will find a lender from Cardinal Financial. He gets my buyers preapproved within 3 hours, and he works weekends as well.  His name is Bill Pleau.  This is not a sales pitch, just some advice. He can lend in all 50 states.Good luck.

  (0)
Should I consider making an offer on the attached property, which is not for sale?

Answer

My experience says the ultimatum pitch is the worst pitch possible, especially since he controls who you live next to (share a wall with). Even if you don't mean it as an ultimatum, he will most likely perceive it that way.I suggest you make an offer, period. I suggest you use your agent, so as not to let the conversation get emotional, or self interested.Your agent will act as a buffer between you two and allow for a fluid, professional exchange.  Owner to owner doesnt always end very well.If not an agent, at least an attorney.  Only problem with the attorney is that he will charge for his time, the agent will only charge a commission.Good luck!

  (0)
FSBO - 272 Days on Zillow - What to do?

Answer

In my experience, FSBOs are great in huge seller markets.  In buyer markets, the first to go are the MLS listed inventory, slowly followed by the FSBOs.I am assuming you want to save the commission, however, MLS sold homes on national average sell for more than 8% of the average FSBO. Maybe you can talk to an agency that is willing to market your home on the MLS for a nominal charge.  Some markets do have that option.  It won't be full service, but it will be shown to the most amount of potential buyers.  The more potential buyers, the higher the price.Something to think about at least.

  (0)
If a short sale home is taken off the market, is there any way to still make an offer?

Answer

Typically, there is not.  High net worth investors do have access to certain portfolios, but an individual exception is all but moot.What will happen now is the bank MUST foreclose, and the property will be sold at a Sheriffs sale (auction), with the starting price the amount of the note.  In today's market, that is almost always the highest bid, since not many people willing to pay more than a home is worth.  The rare exception is if the home is worth more than the mortgage amount.Once the bank takes it back, they will assign a broker to handle the sale, either through the MLS or through auction.Sorry, I know you were looking for more positive news.You may consider calling the former listing agent and asking if there is anyway to get the seller to sign off on a SS contract to keep it alive.  My guess however, is that it's beyond the time frame for that, especially if the bank has already stepped in.Good luck

  (0)
Where can I find lease to own houses

Answer

There are companies that will let you pick any home on the open market and buy it to lease to you.  I am not sure about your area.  Here in Illinois, there's a company called Hyperion Homes that does that.It's a decent program.  I would suggest looking them up on Google and asking them if they know anyone doing the same thing in your area.

  (0)
Need help with a down payment.

Answer

In Illinois, we have an IHDA program. (Illinois Housing Development Authority. The program is offered through certain lenders.Right now, they have a first time home buyer Down Payment Assistance program what will give up to $7,500 in forgivable assistance. They have maximum income requirements however. 

  (0)
How do you get your estimates? Do you have to be a realtor to get a good price quote?

Answer

Zestimates use what's called an AVM (Automated Valuation Model) based on numerous factors, including, Sq ftg, Tax assessed value, location, the allignment of Mars & Saturn... etc.It is often difficult for it to correctly estimate properties that have peripheral advantages, such as water front, lake rights, great views, proximities to beneficial services, etc.Zillow also doesn't know if you upgraded your bath, installed granite, finished the basement. There are 2 good options.  1.  Hire an appraiser to give you a value based appraisal. $4002.  Get a free comparative based analysis from a REALTOR.  $0 

  (0)