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Michael Knutson's Advice

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  • 67 Contributions
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  • 12 Helpful

Michael Knutson wrote:

Looking for a Dedicated Buyers Agent in South Orange County, CA

Answer
I am not one to jump on "the band wagon" but I do agree with Bob. Some designations are for the niche type real estate business and without the classroom time education an agent may not get enough "on the job" training to be able to perform efficiently. I am not against getting designations (I have a few myself) and maybe someday, when I have some extra time, I may go and get an ABR credential so that I can hang a new certificate of award for completing another designation course on my office wall. In the meantime I know my almost 10 years of "on the job" buyer's agent experience is enough.I say to all my potential clients that they need to get on the phone and interview as many buyer's agents they need to until they find the right professional that they feel has the experience, communication skills and the personality they can trust and work with for several months or more. Buying a new home can be an emotional roller coaster and you must have faith in your agent that they can get the job done.My point here is that an agent can have the credentials but lack the experience, personality or communications skills necessary to get the job done. The only way you can know you have the "right" professional working for you is to pick up the phone and start interviewing. Every buyer is different just like every agent is different. I hope you find your "right" agent soon! :-)Mike Knutson[contact information removed by Zillow moderator]
February 28 2012
(0)

Looking for a Dedicated Buyers Agent in South Orange County, CA

Answer
Contact me and I will be happy to help.Mike[contact information removed by Zillow moderator]
February 27 2012
(0)

Offer price versus approved price?

Answer
If you have the time and ability to have your loan officer draw up a new pre-approval letter then by all means have a new letter done. If it is not possible or time consuming then I would not worry about it. In my opinion, most of the time the difference in what you are willing to pay (your offer) and what what you are approved for are not big factors in a short sale. The selling bank has a certain number that they will sell the property for. If your offer makes sense then they should accept it.
February 27 2012
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how do i find out where there are forclosures for sale in savannah ga with out having to pay a fee?

Answer
Interview Buyer's Agents/Realtors until you find one you can work with and seems to be a professional. That Realtor should have access to the available REO's in your market.
February 16 2012
(0)

Is residential swapping; a owner-occupied for a foreclosed property a realistic option?

Answer
This is going to fall in my anything can happen category. All you can do is ask. My personal opinion is that if a bank has one non performing asset like the foreclosed house you are interested in they most likely do not want to trade it for another. All they really want to do is sell it and get it off their books. You may have better luck negotiating a trade with whomever buys the house.
December 28 2010
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buying home with cash. is a cashier's check a legal form of payment at closing?

Answer
Yes, a Cashier's Check and a Wire Transfer are both acceptable methods for closing.
December 21 2010
(0)

Can you have a 3% seller contribution to closing costs when you are purchasing a forclosure?

Answer
Yes, you can ask for 3% closing costs on any offer you make. 3% seller concessions is the maximum FHA will allow right now. It is up to the selling bank to accept this or not. If you are asking for 3% seller concessions and another buyer is offering the same price without seller concessions then you could be outbid. Here in my area, most of my offers request 3% seller concessions.
December 17 2010
(2)

is summer the best time for more houses to come on sale

Answer
I would suggest talking to and interviewing several agents in the area you want to buy a home. After you have found one you like go with their recommedations. It is never too early to start shopping for a new home. Take your time and start looking now. If the right home comes along at the right price you will know. If you do nothing from now until Spring/Summer time you may miss out on an opportunity.
December 15 2010
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My bank appraised a house we were going to buy @ $33k less than we contracted to pay.

Answer
You may have been able to apply with a different lender and may have got a higher appriasal. But a better question to ask is if the appriasal done was a good appraisal done by a competent appraiser. If the documented comparables were good and the value adjustments check out at the appriased value then why would you want to may more for a house then it is truely worth? Sometimes it is better to just walk away. If you feel it was a bad appraisal then I would suggest the appraisal review as the agent below suggested.If you were using an FHA loan to purchase this home then you are pretty much stuck with that appraisal. An FHA appraisal follows that house and no matter which lender you use that appraisal will have to be used. This also applies to any other buyers that may try that house with FHA financing.I hope this helps some.
November 29 2010
(1)

How long should it take my agent to submit an offer?

Answer
This sounds like you both need to communicate with each other better. If you expect a copy of an offer immediatly after he submits it to the listing agent then you should get it. If he does not deliver it to you when you expect it then you should go and interview as many agents as it takes to find one that can live up to your expectations. If your agent has not explained what his and your timeline is for submitting your offer then your guess is as good as mine of when it actually got sent to the listing agent. Have a heart to heart talk with him and set some reasonable expectations. If not, find a new agent.
November 28 2010
(0)