Advice

  • (7 Contributions,
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how do you invite/inform agents aboUT AN OPEN HOUSE??

Answer

If you're asking about an Agents Open House, I send out an email to the area agents with details, directions & pictures of the home several days before the AOH and a reminder on the morning of the event.  We usually offer a catered lunch and door prizes too ~ agents have to eat lunch somewhere, so why not at the AOH!  Our MLS system, Navica, also has an online calendar where each host agent can post these details for all other agents to view.  This has worked well for the Middle GA Association of Realtors.

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how long does it take the asset manager to notify the winner of a hud home bid?

Answer

I had one fairly smooth HUD experience in which the Asset Manager notified the Listing Agent within 48 hours who in turn notified me, the Buyer's Agent ~ we thus closed in 45 days. On the extreme opposite end of the spectrum, my last HUD experience took close to three weeks for notification and ultimately the entire process took six wicked months!  The first listing agent was very pro-active and efficient and had a good relationship with the Assset Manager.  The Listing Agent for the wicked experience was totally the opposite and could have done a much better job of following up and communicating.  Hope this info is helpful to you.

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Why is my home listed on Craigs List?

Answer

We had problems recently in Macon, GA where homes listed on our Sheridan Solomon & Associates (agency's website) were appearing on Craig's List.  It was determined to be independent scammers posting the homes as "rentals". Once the prospective renters responded, they were asked to submit their bank account info under the pretense of a credit check to determine if they were eligible renters.  Beware of those who SCAM!

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What is the key reason for buyers to hesitate in this market?

Response

In middle GA, home values are still down and for the most part, sellers have adjusted their list price substantially to stay competitive; this combined with low interest rates makes for a "no hesitation" situation.  Any rate under 6% is a sweet gift in my opinion ~ my first home was finanaced at 14% in the 80's and that was the going rate for an excellent credit score!  Back to hesitation ... the majority of buyers have to sell their current home before purchasing another and until that home is sold, one would hesitate to purchase another ~ therefore, the only reason for hesitation, in my opinion.

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Do I need a Buyer's Agent to buy a house?

Answer

A Buyer's Agent will be representing you as the Buyer and their advice, experience and guidance is offered to you at no cost.  In Georgia, a Buyer's Agent and you sign an agreement to work together for a specific period of time and the duties of the agent are outlined in the agreement. You commit to work with this particular agent only during the time frame in exchange for the agent's indepth knowledge and committment to you. Performance and loyalty equals good team work and a successful end result!

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There is some peeling paint by 1 window in the house we are bidding on

Answer

I would secure the owner's permission in writing and only after the FHA appraiser has made an assessment of the home. The appraiser will have to go back and recheck afterwards but you would be armed with any FHA repairs required and your agent would present all at one time to the seller's agent if this home is listed with a broker. If the home was built before 1978, the lead paint regulations would have to be followed and the painting done by a certified lead paint contractor.

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