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Wayne Sanman's Advice

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  • 32 Contributions
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  • 2 Helpful

Wayne Sanman wrote:

Problem entering an open house on Zillow
I always post my open house dates on Zillow.  Today I tried to enter one, and it appears that there is a new verification process, and I'm having a problem with it:  After entering the open house date and time, it moves me to a screen where I can add photos, I'd already done that so I hit "Continue" which moves me to a screen that says:"In order to verify your phone number, enter your phone number and click the "Call My Phone" button. We will contact call you and provide you with a numerical code to enter into the following field before proceeding"This is followed by a button that says "Call my phone".  The problem is that there is no place to "enter your phone number" as Zillow requests, and if I try clicking on the "Call my phone" button, nothing happens.  So, I can't post my open house ad.Does anyone have any advice?
July 10 2012
(0)

should i require a potential buyer to be pre approved for a loan before allowing them to come to see

Answer
In a perfect world? Yes.In the real world? I wouldn't advise it.  Over the past 19 years I've had many, many, many homes sell to people who were not pre-qualified to buy prior to viewing the home that they bought.
May 05 2010
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What can I do as a Buyer to stand out and get my offer accepted when there are multiple offers in?

Answer
I agree with Kerry Lucasse, as I do all of those things myself in a multiple offer situation, but the number one thing you can do to make your offer stand out is (drum roll please)...OFFER MORE MONEY THAN THE OTHER OFFERS!But, you probably knew that.If there is one thing I may quibble with regarding some of the other responses, I've found over the past 19 years that cash offers are your most flaky buyer, i.e. the most likely to get cold feet and walk away from a transaction.  Generally, the "cash" is money that they treasure and worked very hard to get, and plunking it all down on a home can sometimes trigger the worst kind of buyers' remorse. 
May 05 2010
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Is it illegal to work with different agents if you have not signed a formal contract to be exclusive

Answer
It's not only not illegal "in theory", it's just plain not illegal.  But, you actions woefully fall short of the Golden Rule.  The advice from the others should be followed.
April 30 2010
(1)

Re-negotiating contract after home inspection

Answer
"The approximate cost of the new roof is about $20,000"You're either roofing a very large home, or it is a superior quality life-time type roof, rather than an asphalt roof on an average sized home.In my area, on an averaged sized home, you can get a 25 year asphalt composition roof with a tear-off of the old roof for less than $8,000.
April 29 2010
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Re-negotiating contract after home inspection

Answer
Since 25% of the cost of the $5,000 new roof, i.e. $1,250, is less than the $1,500 to fix it, I'd first show the owner the $1,500 bid to repair it, and then say that you are going to make this very convenient for him, i.e. you don't want him and/or her to fix it, but that you'd feel more comfortable proceeding with the transaction if there was a new roof, and you'd like him and/or her to pay $1,250 of your closing costs in lieu of repair or replacement.  This may be a better solution than asking for the reduction in sales price, as you will then have an extra $1,250 in your pocket after closing to pay a roofer to complete the work.One caveat: You should probably try to find out if the lender will not require any roof repairs prior to closing.  If the lender will require repairs or a new roof, then you will need to proceed with a different plan.
April 29 2010
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Timeline for market decline with tax credit ending

Answer
I predict prices will drop somewhat through summer, and then in the fall all will be forgotten (the tax credit).  I believe that the tax credit indeed "stole" some sales from the coming summer, i.e. some people that traditionally would have moved in the summer, sped up their purchase.  Therefore, it will likely be a sleepy slow summer unless we get some great economic news that will brighten people's spirits.  If the economy continues its slumber, I predict that August we will hit the true bottom of the market, and then prices will slowly start to rise for some time.I'm saying this from the perspective of my local market in the Portland, Oregon metro area. Your mileage may vary ;)
April 29 2010
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Unrelated person buying a 50 percent interest in my home

Answer
Definitely call your accountant before you proceed.
April 28 2010
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I am entering in my property address and the results are "no home found". Can you help me?

Answer
Is the home new?  New homes will take a while to show up on Zillow.
April 28 2010
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do new new stainless steel appliances help sales

Answer
It likely won't help you realize a larger net, but it will definitely help out your salability - and you did ask if it would "help sales".
April 28 2010
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