Profile picture for Chris Hutchinson

Chris Hutchinson

Agent

Realtor

Specialties:
Buyer's Agent,
Listing Agent,
Commercial R.E.,
Property Management

Advice

  • (71 Contributions,
  • 3 Best Answers,
  • 11 Helpful)

Contributions are sorted newest to oldest.

How much does it cost to place your home for sale?

Answer

For the most part their isnt a true out of pocket fee to the seller unless you don't have enough equity in your home to cover the expenses. Aside from that the cost of selling you home is negotiable. Closing cost - it can be negotiated who pays for title insurance. But aside from that escrow fees are $350 recording fees $25 doc prep fees $200 on average. Real estate commission- The seller if they choose to use an agent will spend any where from 3%-7% in of the total sales price of the house on real estate commission. But when you think about it the buyer is putting up the funds, you didn't open up your wallet to write a check, you just took less of the net proceeds from the house to get the transaction done by professionals while you went about your daily life. I liken it to a transaction fee like when you trade a stock. If you just want to put your property online you can do it for free by adding a property but you will get less exposure than the angers with paid placement. My advice is take a moment to call one of the agents on this site and have them consult with you about selling your home.

  (0)
Investment Avice

Answer

You can accomplish what you are lookin for in any market of you are buying properties in the correct manner. The DFW market has tons of potential for Single Family Home investments and Multi Family Investments. Here is the business model example: find property worth selling for 60k that needs 10k worth of repairs and after its all fixed is worth 100k. Once repairs ard one you have a mortgage payment for $700 it rents for $1000. You have $300 monthly cashflow, 30k in equity, 2% apprx mark appreciation each year and 0 taxes on income due to deprecation. Some agents understand how this works but a lot of them don't understand the business model. Get with one that can identify these types of deals and get them to you regularly. You don't need to go out if state to find good deal when you are in one of the best rental markets in the country.

  (0)
Looking for investment property in Plano TX

Answer

These are good questions. In terms of the age of the house you will need to set the parameters on what you are comfortable working on. Typically I suggest that you only buy investment houses that are 1979 or newer. If you understand how to finance investment houses the repair cost will be factored in the financing when purchased through using a hard money lender then refinanced into a 30 year Fannie Mae loan after repairs are done 30 - 45 days later. You will need an investor friendly Real estate agent if this is what you want to do. They will help you find MLS and off market deals that are good opportunities for buy and hold investing. You should also join a real estate investment club. This way you can get some education on investing, meet some people that help with finding deals, meet lenders for investment property, and find contractors. There are serval out there. But this is a critical step in being successful.

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What options are there for the owner of a rental property to sell?

Answer

This called a turn key rental. Yes you can sell the property with the tenant and management company in place. Typically there is a negotiated commission in place for a sale in the middle of the management period that is built into your agreement. I would talk to my management company and request they sale the property for you. Who better to have sale you rental property than to people that have clients that buy rental property? If you are not comfortable with that you can always hire a listing agent but they may not be as experienced with selling a property with a tenant in place. Overall this is not an odd situation it's actually fairly common.

  (0)
How do I download pictures?

Answer

I tried the drag and drop and it didn't work well for me. I think it depends on your browser. I would upload them normally by using the browse and find file and that should do it. Also make sure your picture file are not too big it has a maximum on the size of the picture file you can load.

  (0)
can i get help i am looking for a house to rent.

Answer

When you find a house that you like on the site, click on one of the agents on the right hand side of the picture. Any if those agent are willing to help you. Or you can choose to look for a professional and find an agent that serves the area you want to move too.

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