Profile picture for Sebastian Stofenmacher

Sebastian Stofenmacher

AgentTeam

37 Recent Sales (last 12 months)

Real Estate Professional, CA Brokers License (14 years experience)

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

Advice

  • (159 Contributions,
  • 1 Best Answers,
  • 20 Helpful)

Contributions are sorted newest to oldest.

How much is the purchase price?

Answer

First get pre approved for a loan. Once you know what you qualify for and are comfortable with the payment, down payment and terms. Find a Realtor to help you find and negotiate on a property.

  (0)
typical commission?

Response

Commissions are negotiable.  I do recommend you offer the buyer's agent at least 2.5% - Even though agents should show all properties, if you offer them less, they tend to be less inclined to show your property.  In addition, with the lack of inventory the agents are working harder to get their buyer's into a particular home.As far as what to pay the listing agent, I think it can depend on the service that you are expecting.  Marketing can get expensive, but that may lead to a higher sales price. I think you should sit with the realtor, figure out a game plan you are happy with and decide on the cost.

  (0)
typical commission?

Response

Commissions are negotiable.  I do recommend you offer the buyer's agent at least 2.5% - Even though agents should show all properties, if you offer them less, they tend to be less inclined to show your property.  In addition, with the lack of inventory the agents are working harder to get their buyer's into a particular home.As far as what to pay the listing agent, I think it can depend on the service that you are expecting.  Marketing can get expensive, but that may lead to a higher sales price. I think you should sit with the realtor, figure out a game plan you are happy with and decide on the cost.

  (0)
Selling an underwater condo

Answer

Have you considered renting the condo instead? Maybe that will cost you less than borrowing from your 401K or even make you a profit depending on other factors.

  (0)
How do I contact Bank Departments that handle foreclosures directly?

Answer

The banks will not do that. There is a reason why the properties go first to a local realtor. First, the bank needs to determine who is occupying the home. Then if occupied, need to see if they want to sell occupied or vacant. Then they need to decide if they want to do repairs or not.  The bank then will want to list the property because they want to get market value for the home, rather than one person's offer.

  (0)