wakebord99's Advice

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wakebord99 wrote:

Need a Buyers Agent !

Answer
Bump - Time Extended to 10am Sunday Morning... we really would like to see a place this weekend!
May 05 2012
(1)
Need a Buyers Agent !
Good Afternoon-I'm a licensed NJ Real Estate Agent looking for a buyer's agent that has MLS access to Mercer, Burlington, and Monmouth counties.  My wife and I would like to start the process tomorrow, May 6th.  I have several properties in-mind, but your professional input would be helpful.Requirement:  Agent must be an active communicator.  We've had to get rid of agents that fail to respond to emails or calls after several days.Please email me at James.Shuster@gmail.com with your company commission split offer.  The best mix of knowledge, commission, and personality will win the bid.  I will select the agent by 7pm tonight.
May 05 2012
(0)

Need an Agent in Allentown, NJ

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Thank you all for your responses, the replies were rather overwhelming!  The bidding is now closed and an agent has been selected. 
April 21 2012
(0)

Need an Agent in Allentown, NJ

Answer
Sunny- Thank you for your question.  I've had a few offers thus far but I would like to answer this question that you pose, and provide some further details about the deal.I am licensed in NJ as a Real Estate Agent, however my license is not currently hung with a broker.  This post is to determine if agents are willing to provide sufficient cash back at closing (concession) which was made legal in 2010.  This means the cash back will be directly to me, and not through a broker as a commission split.Since I know the business and have done nearly all the 'leg work' already, I would just feel more comfortable with selecting a Buyer's Agent to work with for the last few steps in the process and negotiations.Additional Info:  If the deal on the home I've selected falls through, and the agent wants to continue working together, I would split the concession (cash back) in half.  So the 40% concession would turn into a 20% concession as it would require more work from the agent. 
April 19 2012
(0)
Need an Agent in Allentown, NJ
Good Morning Agents!I'm a licensed Real Estate Agent in central NJ, and I'm looking to move on a house for myself within the next 2-4 weeks.  The home is located in Monmouth County, New Jersey in a town called Allentown.  The agent does not need to have intimate knowledge of the area, but will need to have access to the MLS.  I'm going through the mortgage approval process at this time, and I have the property selected.  I would like to offer all agents that are interested in working as a Buyer's Agent the opportunity to bid.The agent with the right mix of experience and concession percentage will win the bid.  This will be a closed bidding process, so email me at James.Shuster@gmail.com with your best offer before close of business 4/20/12. Post any questions you have about the transaction here for all to see.The concession percentage will be for the full buyer's agent portion of the deal.  So if the buyer's agent (and broker) is entitled to 3% on a $100,000 home, and they concede 40%.  There will be a $1,200 concession at closing.
April 19 2012
(0)

Real Estate Agent - Buying own home

Answer
Thanks for the responses so far.Just to clarify, my license became inactive (not with a broker) last year, so it hasn't been that long.  I'ld be surprised if i needed to take CE courses but again I haven't been involved directly in the business lately.I basically became an agent and never actually sold a home, so i'm not necessarily comfortable representing myself 100%.  Do any of you think a broker would be willing to go 50/50 on the buyer's cut if I asked them to help me through the process? 
March 20 2012
(0)
Real Estate Agent - Buying own home
Hello everyone-I'm a real estate agent in NJ, however my license is currently not held at a specific broker (went inactive).  I can hang my license with a referal agency for a nominal fee, or bring it to a broker for a good bit more.My question is:  I'll be buying a home within the next year, and I'ld like to use my license to help me recover some moneys at the closing.  Given that status of my license, what do you other real estate agents advise I should do to maximize my return?  Should I just 'refer' myself to an agent for 20% of the 3%, or should I hang my license and work directly with a broker?
March 20 2012
(0)

Developer requires 10% down, but I want an FHA loan...

Answer
Thanks for the answers everyone.  I've been talking with my friend, who also bought his home new.  He reminded me that builders can go out of business!!If I where to give a 10% down on a home, that they never finished I could be out alot of hard earned money.  Understandibly there's collateral that the township holds but it may not be enough to complete the project, or pay back everyone who's deposit they have taken.
March 20 2012
(0)
Developer requires 10% down, but I want an FHA loan...
Hello everyone-There are some extremely knowledgeable people here, and I hope to use some of that advice.  My wife and I are about 6 months away from buying a new home, and being a project manager, I like to plan ahead.  We found a nice development in a good area that fits our budget with some 'wiggle room', the only issue appears to be that they are requesting a 10% payment up-front before they go to contract.This is our 1st home, and all-told we have maybe 7% of our future homes value saved.  My plan is to get an FHA loan with 4-5% down, and keep a little savings for a rainy day.  What loan options are available for this situation?  Is it common to pay-down 10% of a home's total selling price to start building a new home?Thanks in advance-JS
March 19 2012
(0)

Can and what could I expect to be approved ?

Response
With all due respect..If I'm making $67,000 per year, and only have $540 in monthly bills, to say that I can only purchase a $115,000 home is crazy.  The standard that I and mostly anyone else that I know has gone by has been 3-4X your anual salary.According to that calculator I shouldn't be able to afford the appartment I've been living in for 4 years.
August 01 2011
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