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Kevin Vitali

Zillow Local Expert in:

  • 01826

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Premier Agent

Real estate agent (12 years experience)

12 Recent Sales (last 12 months)

Specialties:
Buyer's Agent,
Listing Agent,
Relocation,
Short-Sale

Advice

  • (61 Contributions,
  • 0 Best Answers,
  • 9 Helpful)

Contributions are sorted newest to oldest.

Lots of View but No Foot Traffic

Answer

Personally here in Massachusetts, a homogeneous house for a community should be getting a minimum of 2-4 showings a week and personally, I believe in most cases 12-15 showings should produce an offer.With that said real estate is very regional.  It would be time for me to sit down with my client and discuss what is going on and what we could do to rectify the situation.  I would look at pricing, condition and marketing and see what need to be adjusted.Again real estate is very regional and I do not know what your area is doing but around here it is a pretty fast market.

  (0)
What does need for PMI do to mortgage rate of 4%

Answer

PMI will generally not affect the interest rate unless you pay a higher rate for a self insured loan. Think of it as a separate "insurance policy", which it is.  Usually PMI is a percentage based on the amount borrowed.  It varies but it is typically .5 to 1% of the borrowed rate per year.I certainly understand, how you feel, you are paying more per month, put your note rate will not change during the term.

  (0)
What is the standard for seller liability after closing?

Answer

Laws vary from state to state.Much of it will fall back to your Purchase and Sale Agreement.  Here in Massachusetts, the contract would have spelled out how and who would do the work (licensed professional) and the buyer would have the right to inspect the work.  At that point I don't believe the buyer would have much of a case.Also, did the work come with a warranty from the contractor?If it is a concern and starts to become a headache consult your own real estate attorney.

  (0)
I recently replaced a total new 30-yeared roof, would my house value estimate increase?

Answer

When a buyer purchases a home they are assuming that all the systems and structure are in working order.  For a roof the expectation is it is not faulty and there are no leaks and there is some useful life expected.  With that said, a lot of it has to do with what the homes are like you are competing with.  If they all have old roofs, it will make your house look slightly more desirable.  If it is brand spanking new you will probably not be able to recapture the entire cost of replacement but certainly 25-50%.    It will help if you are prepared with the invoice and warranty for the roof to pass along to the buyer.Of course real estate is always regional. Discuss with your local real estate agent whether a brand new roof will impact the value on resale.

  (0)
I am selling by owner, if a realtor shows the home to their client do I have to pay a commission?

Answer

No you don't have to pay a commission.  If a real estate agent is showing your for-sale-by-owner it is their responsibility to work that out with you.   I usually right a contract stating that my clients offer is contingent on me being paid x percent by the seller when putting an offer in on a FSBO.Bear in my that most of the really good buyers.... the ones that are pre-approved, motivated, and are ready to go are working with an agent.  Some do not feel comfortable without an agent and others are in a contract.  It may behoove you to offer some compensation.  Save the listing side commission for yourself but offer out a buyer side commission.  Getting a good offer on your home is a numbers game.  The more exposure, the more showings, The more showings the more likely a good offer will come in.

  (0)
Can I still hire a buyer's agent if I was shown a property by a listing agent?

Answer

The situation is a bit stickier then what folks make it out to be.  First you can always choose to be represented by a buyers agent.  That is your choice.The real problem is the buyers agent getting paid by the seller/ listing agent.  The commission is really do to the agent that introduced the buyer to the property not what type of agency there is in place.  If there is a dispute and there is arbitration the board will look at the chain of the events.  What they are looking for is an uninterrupted chain of events.  I am often confronted with this situation and I will often call the list agent explain the circumstances and come to a resolve.  Most times the listing agent just wants to get the property sold and they will not make an issue of it.  Sometimes I end up paying a referral fee.  It usually works out for the best in the end.Personally as a listing agent, I don't make an issue of it.  I just want to get the property sold for my seller. 

  (0)
Would this be an offensive question for a realtor?

Answer

This certainly can be done.  Here in Massachusetts we have non-mls listings that arent marketed on the MLS or through some sort non-exclusive listing agreement.Discuss with your REALTOR what the possibility is of doing this.  There could be pros and cons to doing this.  One is if she is in the horse/farm community she will be showing the property.  Is your property ready to be shown to gain the true market potential of the property?I always find not being fully committed to anything, not just selling a home, and sticking your toe in the water is always a dangerous process.  On one hand you say you will sell if the right buyer comes along and make arrangements to rent but on the other hand you are not ready to sell.... 

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Underwater in our Loan! HELP

Answer

All very good advice above.  Double check and redouble check that your home is not eligible for HARP.  Unfortunately you are not talking of any hardship which makes a loan mod or short sale far more difficult.

  (0)
Underwater in our Loan! HELP

Answer

All very good advice above.  Double check and redouble check that your home is not eligible for HARP.  Unfortunately you are not talking of any hardship which makes a loan mod or short sale far more difficult.

  (0)