To simply answer this questions an agent is not allowed to accept any compensation from a buyer or seller. Any commission is the Broker of Records commission and the Broker will pay their Agent based on whatever mutual agreement was made between the two of them. I would say that brand new agent with larger brokerages would be looking at a compensation agreement towards 50-60% of the total commission to be paid to them minus and Royalty fees, E&O Insurance, Transaction Coordinator fees, Etc. There are no laws that I am aware of the would constitute the broker not paying their agent any of the commission unless agreed upon by both parties or perhaps if the individual agent had back child support or other government liens. I would try and contact the state of Arizona's realtor association to verify with them as I am in California.
I would be leery of using an agent that is quick to cut their commission by half to make a deal happen. You have to realize on their end that this is their livelihood and to reduce what they charge by that much would raise a red flag to me. However every agent is able to charge whatever they like as there are no laws stipulating any minimums or maximums.One time I would also check is if his brokerage does have a minimum as some broker do require their agents to command a certain fee in order to take on the liability of facilitating a transaction.The other item is if you are not represented in the sale then you also expose yourself to more liability that if the agent is not representing you can not give you advice or specific forms needed in order to avoid any repercussion that may result from the sale of your home.Hope this information will help, if you find out any new details make sure to update us so we can better assist you regarding your unique situation.
Hi Patsy,The only way you will be able to know is you must go the the city of los angeles building and safety department. Once there they will let you know what is acceptable and to what dimensions each building would need to be in order to be compliant.Also, to pull permits it will need to be yourself or a licensed contractor. A "handy-man" will not be allowed to pull permits for you on your home.Good Luck!
I would say hinder because prospective buyer's would be less inept to talk about the home in fear of the seller hearing any flaws, defects or personal taste in layouts, etc. My suggestion would be to not have the seller present but take you on a quick tour of the home prior to the open house and point out the main selling points as to why they purchased the home.
I would contact Zillow directly about the issue, is it a listing that is not being displayed correctly?
Yes that is correct in regard to income limitations but they are based on county and how many people in the household. The more people in the household then more income is allowed. Here is a link to more info about CHDAP income limits. http://www.calhfa.ca.gov/homeownership/limits/income/income-moderateFHA.pdf
The only real way since the data is not public would be to contact a local broker or possibly a title rep and they could run the search for you. It also might be possible through zillow by searching for your city and finding zillow premier agents profiles and going through each one individually and tallying the number of sales they have in your neighborhood. You will most likely find many agents with the same amount of closed or recent sales. It would be best to interview them all at separate times to help you in choosing the right agent for the job.
Yes you are able to post vacant land for sale on Zillow. Just follow the same steps you would normally for a standard listing and make sure to answer all the questions correctly.
Hello, In regards to your question it would be best to sit down with your local lender. As stated below FHA could be your best option if you wanted to stick around with a conventional lender and keep a relatively low interest rate with minimal upfront costs. Typically an FHA loan you can qualify for a loan with a 580 with not too many obstacles to overcome. 620 or higher would be best and would also give you a better chance of getting a lower interest rate. There are exceptions that could allow you to go as low as 500 but in my many years of real estate I have not ey seen or heard of one being funded and closed. If you are not to close off with your credit scores I would recommend seeking credit counseling advice to help get your scores up in a short amount of time. There are also hard money lenders if you are in a bind for cash that will give you a loan based off your equity in the home but wil cost you heavily upfront around 2-4 points and interest rates around 10-14% and usually these loan are meant to be paid back in 2 years or less. If you are serious about refinancing your home and would like some further guidance you can reach me anytime through the contact info on my profile. I wish you well on and hope everything here will help you to find what your are looking for.
I would start by speaking with your local loan officer. They are the ones who will be able to tell you if you qualify or not based on you income. Even though the home is paid off if you do not have income you may not be able to receive a typical FHA or Conventional loan. There are secondary options like hard money loan or private money loans but you will pay a much higher interest rate and the upfront cost for the loan will be high as well. If you would like you can speak with myself I can go into more detail what options seems vialbke and the best for your situation. You can view my contact info from my profile if interested.