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Pat Lord's Q&A

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  • Questions (2)
  • Answers (51)
  • Best Answers (0)
  • Helpful (3)

Pat Lord wrote:

Trying to manage a rental home for an out-of-state owner/friend.

Answer
Collect the fee for this up front made out to the credit company which you can find online. Fax it in and within minutes they will send you a fax or email with the report. Be sure to run a report for each adult or you could be in for an ugly surprise. Good luck!
January 10
(0)

What should I do if an agent is unethical?

Answer
Your buyer's agent should have their broker contact the other broker. In our state, if the agent does not respond in 24 hours we can call the seller directly. Many complaints can be filed depending on what state you are in.
January 10
(0)

First time home buyers, bankrupcty, decent income

Answer
You do not qualify but may be able to do seller financing, if you can save a large down or try for a "Hard money" loan.
January 10
(0)

Can I rent a home that is going into forclosure?

Answer
It varies by state with some having to honor reasonible leases and others evicting or paying tenants to move. It is best to contact a local area agent to find out the rules.
January 10
(0)

Foreign investor seeking advice

Answer
You quite a lot to do and the quickest way is to go to a real estate company that has a relationship with a good attorney/cpa. It should have an onsite property management company. Then the powers that be will easily handle everything! Good luck!
January 10
(0)

I would like to discuss a potential new app. Please Call idecidefast@gmail.com

Answer
Haggle sounds more like a discussion app than a functional app. As you need brokers to show the property, write contracts and keep things moving forward. Not sure what it would do for a buyer in zillow? Agents don't haggle they negotiate everythihng. 
November 09 2011
(0)

In Seattle market who pays the buyer agent's commission?

Answer
Sign a buyer/broker agreement up front, then there are no surprises.
November 09 2011
(0)

How many days is a house on the market before there is a price drop?

Answer
It depends on all types of factors. Such as, when do you need to move ... is it a short sale or destressed home ... area movement ... area trends ... condition of the property ... nieghood astetics ...etc.
November 09 2011
(0)

Can I get a home loan even though I have only been self-employed for 1 year?

Answer
Hard money loans with a large down or find an investor of your own.
November 09 2011
(0)

New home builder looking to register new homes with Zillow

Answer
Your best bet is to get a domain name for that project. Your agent will get it online once they are listed. In the NWMLS you can get them input by having a "Letter of authorization" for presales, then you can work presales.
November 09 2011
(0)