Profile picture for Mike &Eve Alexander -  Buyers Broker

Mike &Eve Alexander - Buyers Broker's Advice

Contributions are sorted newest to oldest.

  • 322 Contributions
  • 4 Best Answers
  • 74 Helpful

Mike &Eve Alexander - Buyers Broker wrote:

If utilities are off when doing initial walk through, who trurns them on for inspection

Answer
Many times on bank owned the listing agent expects the buyer to turn them on.  Unless it is specified in the contract, it is the sellers responsibility to turn on the utilities.The seller owns the house and the buyer has no business with utilities (or repairs) until closing.Eve
August 20
(0)

Why is a home disclosure worthless?

Answer
In Florida, it is an obligation for the seller to disclose any material things that may effect the value of the property...it is not required to be in writing.  Unfortunately.  I have been representing only buyers for 25 years and I never have the buyer rely on what the seller, listing agent, or disclosure says.  You just have to check for yourself.Many large companies use their own disclosures which reduce the questions asked and dilute the response needed.  Many times it is not completely filled out. Get your own inspectors...as many as you want.  The listing agent or seller cannot limit your inspections, but you will more than likely have a time limit to do your inspections.Good Luck,Eve
August 16
(0)

Buyer "Agent" affiliated with large listing firms are not real agents. Where do i find a real buyer

Answer
Wow, thank you...it is really nice when a consumer understands the smoke screen of representation.What you need is an exclusive buyers agent who works in an office that does not list property and therefor never represents sellers.  It is ONLY buyer representation with no conflict of interest.  Every home buyer needs an exclusive buyers agent, but most do not know that they exist...or that they have a choice for total loyalty.You can google "exclusive buyers agent" or go to the National Association of Exclusive Buyers Agents.  Or send me an e-mail and I will find someone for you.Thanks again,Eve
July 31
(0)

I want to buy a home at auction what are some rules of thumb to look for regarding the condition o

Answer
Home inspectors are good to have...if the electric is on which in many cases is not.  Yes, you do need a seasoned agent that can help guide you through the nuances ( and value) of buying auction property...it is not all as it seems, and auctions are best left to those investors that have money to gamble.I am wondering why you are set on just an auction property?  I am knee deep in showing/evaluating properties and think that a prudent buyer should look at all their options.  Regular sales and foreclosures may bring you a better deal.Eve
July 28
(0)

MH Title never signed by seller

Answer
Get counsel from an attorney.
July 25
(0)

Why would the seller's agent offer to pay for the mortgage appraisal?

Answer
OK, so now that you have clarified more, I suspect that the sellers agent is worried about the property appraising at purchase price so wants to expedite it.What does your buyers agent say?  and I hope you have one...Eve
July 24
(0)

Why would the seller's agent offer to pay for the mortgage appraisal?

Answer
If you are getting a mortgage, the agent does not get to pick the appraiser, and the lender will not rush an appraisal just for him. You are the lenders client, not the agent, so that makes no sense. If you are paying cash and just wanted an appraisal, maybe he is concerned about the value and wants to use his "preferred" appraiser.Appraisals take time and you have to wait to get on the schedule and then wait for the appraisal itself and wait for the lender to review. If that is what he is worried about, than he should have explained that instead of  paying for it.I agree that it is odd.Eve
July 23
(1)

Lender cant meet closing date by 2 days

Answer
This is just one of the reasons why every buyer needs to hire their own buyers agent to guide them through the process,Your situation is easily resolved...ask your attorney.Eve
July 17
(0)

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

Answer
Unless you have a written agreement with the buyers agent, you do not have to pay them, but why would you not want to if they bring you a viable buyer?If a buyer asks you to pay $8,000 of their closing costs, would you not do that?  Everything is relative to what you net.A smart buyers agent will include their fee to be paid as part of the contract, so if you want the deal it will include a fee to the buyers agent.Eve
July 09
(1)

Investment property in Orlando, FL region

Answer
Our office only represents the best interest of the Home buyer and never the seller.   We would be glad to chat about your investment options.Eve
July 01
(1)