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Marc Stromberg's Advice

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  • 46 Contributions
  • 1 Best Answers
  • 3 Helpful

Marc Stromberg wrote:

Should I be looking for a new buyer agent?

Answer
The big question is where did you find the homes, online? I get tons of calls off a major foreclosure site and most callers don't understand what they are looking at on line. If you drove by it, was there a sign on the property? Call that agent. There is a reason the agent is not following up. In our area listings a well below normal so I know there are agents not make a living and most would jump at the chance to make a sale.
February 16 2013
(1)

pricing inquiry

Answer
This has been an on going problem with some, maybe many home values you see on Zillow. Why would you use their numbers? I know it's your home and it burns you, but unless you plan to sell, just ignore their data. If you are looking for the correct time to sell talk with a local agent and have them run the numbers for your home from time to time. You are under no obligation to the agent and who knows, you may like that agent.
February 16 2013
(0)

We are selling our own home "FSBO." Would an email to local agents be appreciated / acknowledged?

Answer
Every showing helps, but with lenders taking a hard line on loans you need to know what you are getting yourself into with each offer. You could hook up with a loan agent and see if they can help you. He could per-qualify interested buyers. Good luck
February 16 2013
(0)

"Chase Mortgage Rate Reduction Program". Need Feedback on Offer ASAP!

Answer
Do you NEED to reduce your payment to save your home? If the answer is yes then think hard about the offer, you may not see another. If you have no problems with you current loan then flip of the coin, no one can really know the future and it's all an educated guess. You can see where we are with the educated guesses. 
July 30 2011
(0)

1K to 2K homes for sale! What is the catch?

Answer
In addition to what wetdogs said, Zillow could be pulling in RealtyTrac data, not sure. RealtyTrac shows defaults and low amounts could be a second or third notice of default. Either way what you are looking at is not what you are looking for. Try rent.com and see if those homes show up. 
July 30 2011
(0)

Can I purchase a home in the U.S. as a primary residence if I live overseas?

Answer
You need to talk with two people. First an attorney and second your tax adviser. Unless someone hear is one of the above ignore these posts 
July 29 2011
(0)

contract

Answer
I would be calling the broker of record for that company. If this is a buyer broker agreement, he or she must live up to the terms of that contract, not just you. The agents broker should take some type of action to clear this up. Document your calls and save all emails. You can always go to the local board and file a complaint and if you want out of the agreement then make it very clear when you talk to the broker that the agent has breached the contract.  .
July 29 2011
(0)

Veteran buyer wants REO property that bank doesn't want to pay for termite. what can buy do?

Answer
VA loans are so rare where I work that I don't know the rules, but if the buyer can't pay for it ask your agent to pay for it. If there is damage the bank won't fix it and at that point I don't  think your agent will either.There are many areas in which banks regularly take VA buyers and pay the mandated fees. Sounds like you just need to look at other properties.
July 29 2011
(0)

Is it the company you work for?

Best Answer
It's the agent, a good company with an agent that is lazy will make your life miserable. Even when an agent has company escrow people help it can be tough.
July 29 2011
(0)

What's next in Real Estate Trend after short sales and REOs are absorbed.

Answer
Well you have short sales gone, REO's gone so that leaves regular sales, rentals and maybe commercial or land. Other real estate could be co-ops or syndication's. If you really think about it there maybe another dozen types of real estate sales you could think about. Americans have short memories and I think you will find residential sales a good place. In an area I work there have been gains already, not big gains, but gains. Clients are already talking about buying before this market gets a head of steam up.  
July 29 2011
(0)