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Sebastian Stofenmacher's Advice

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  • 157 Contributions
  • 1 Best Answers
  • 18 Helpful

Sebastian Stofenmacher wrote:

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.
June 06 2013
(0)

Is it necessary to be represented by a Real Estate agent when buying foreclosed property?

Answer
The real question is why wouldn't you use one? The seller is paying them the commission, so you will just benefit from having a licensed professional at your side.
June 06 2013
(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.
June 06 2013
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How do I find out what our net profit will be when selling a home FSBO?

Answer
I would contact an escrow company and ask them to prepare an estimated HUD for you. 
May 22 2013
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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.
May 22 2013
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Would yout buy a home that had a foundation problem that has been repaired by structural engineers

Answer
If the people who did the work are insuring it, then yes.
May 22 2013
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what determens the amount you pay a month

Answer
Purchase Price, Down Payment, Interest Rate, Loan Terms.
May 22 2013
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BOA Short sale issues...advice please?

Answer
Put it back on the market for the approved price.  Is the house financeable as is? If you can entice a cash offer for $130k, I would guess you can find an owner occupant that is willing to pay more; as long as the house qualifies for a loan you should have no issue. Agents and buyers are looking for short sales that already have an approved price.
May 22 2013
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What are tax implications of selling a rental property

Answer
You need to speak to an accountant
May 22 2013
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what could happen if the seller refuses to do repairs when house is in escrow? Can he take legal act

Answer
It depends on if the seller had previous agreed in the contract to do repairs.
May 22 2013
(0)