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Jack Dudenhoeffer, Broker's Advice

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  • 11 Contributions
  • 0 Best Answers
  • 3 Helpful

Jack Dudenhoeffer, Broker wrote:

what if i want to pay cash for home

Answer
You will definitely be able to negotiate a great deal if you are able to move fast with a quick close and a short "due diligence" period.  After the purchase, you may want to refinance the property and take advantage of some of the best interest rates we've had in years.  Rate are likely to increase over the next couple years.  You may be able to invest these funds and have it pay your mortgage, with monies left over to invest or save.Jack 
May 01
(0)

Is this a good time to become a real estate agent.

Answer
Anytime is a great time to get into the real estate business! As long as you are able to dedicate much of your time, energy and sacrifice time with you family!  Real estate is like any other business; you need to put in the hours and invest in yourself. It is definitely not a get rich quick business.  To succeed, you need to do the best job possible for your clients. Always keep your clients interest first and you will be rewarded with referrals which make the business extremely rewarding.  If you have been successful in real estate for the past five years or so...the next ten years should be much easier.  Real estate can test your skills, patience and can be extremely difficult at times!  Not only are you dealing with client's valuable property and investments, but you also get involved with their personal gains & sometimes their losses! If you like a challenge and are very persistant...it can be a great career. Jack Dudenhoeffer, Broker
October 08 2013
(0)

I HAVE A HOOME ON 3 ACRES. IF I WANTED TO SELL 2 ACRES, HOW WOULD I SEPARATE THE HOUSE FROM THE 2

Answer
You would need to contact the County and find out what the minimum lot size requirements are applicable. If you want to sell to a neighbor, than sometimes you can proceed with a lot line adjustment, rather than a lot split.  I would need more information. Subdividing can be costly and can take years, just depends!Jack
June 02 2013
(0)

Two Agents? proper protocol?

Response
Go with an experienced buyer's agent/broker. Find someone who excels in their area of expertise, who is a skilled negotiator.  The listing broker has a fiduciary duty to the seller and one should have good representation as a buyer. Find a good agent and then be loyal as their time is all they have to work with and they work on a commission basis!Good luck!
December 22 2011
(0)

Already know what to buy. Is it possible to ask the buyer's agent to lower commission?

Answer
If you are in [contact information deleted by Zillow moderator. Please review our Good Neighbor Policy for posting guidelines]Best of luck!
December 22 2011
(0)

Will I be able to get a mortgage post-bankruptcy?

Answer
FHA may prove to be a good way for you to go! Save a much as possible and find a good mortgage broker who is willing to work with you and your credit in order to increase the odds of financing your new home. Good luck with your search!
December 22 2011
(0)

Overbidding Again

Response
You can always order an appraisal.  In certain price ranges, there is a shortage of inventory. This creates a seller's market and multiple offers are very common.  In the higher price range, it may be a buyer's market. It just depends on your location and the market inventories.  One may need to act very quickly to be successful. Homepath is typically listing properties in the lower price ranges.  I don't think we will visit the types of escalation in prices we had for many years to come. Qualifying for a loan is much more difficult and many do not have the jobs or credit available. Find a good broker, be diligent and work fast; you may be surprised!  Best of luck!Jack
December 22 2011
(1)

Zestimates: Price History + Tax History

Response
The basic model needs to take into account location,view,lot size and overall quality of construction....more work may be necessary.
December 06 2011
(2)

Should we think about seller financing?

Answer
Sounds like a good start to Seller financing.  Have escrow draw up the documents for you or a good Real Estate attorney and make sure you obtain title insurance. Ther are other legal and tax consequences, so be sure to check with you advisors,Jack
December 04 2011
(0)

Renters insurance

Answer
Cerrtainly, It's a good idea to ask your tenant to carry renter's insurance and to have them add you as "additional insured".  Use the standard CAR lease agreement and there is language included. The tenant will have liability coverage and also personal property coverage; which is definitely a benefit to you as landlord.  Jack Dudenhoeffer,  Broker
December 04 2011
(0)