can you get out of a HOA if it wasn’t known by realestate when contract was drawn? found by title search?

Posted by admin on February 26th, 2010 and filed under realestate listing | 1 Comment »

we are under contract to buy a house. When realestate showed house it says no HOA’s on flyer and agent said there wasn’t any. when title search was done it was found,but the hoa it’s listed doesn’t have it on their paper agent said. can we get removed from the hoa. we really want the house but not HOA

HOAs are pretty powerful, I doubt you can op out.

However if you still have not bought the house you most likely can get out of the contract and get your deposit ot earnest money back.

how can i run a realestate website successfully?

Posted by admin on February 18th, 2010 and filed under buying realestate | 2 Comments »

real estate for selling and buying properties.. i have started a website www.keralarealmarket.com , now i want to have more traffic into that web page and i expect income from both advertisements and brokerage for selling and buying of properties by our clients. how can i run the site successfully?

I have no idea where you are located, as the place names are unfamiliar to me.

However, there are a few things that are important for a real estate website:

1. Provide the opportunity for website visitors to find properties they are interested in. I visited your site and it seems that you are already doing this. However, if it is possible to provide photos, this would be an enhancement. Website visitors like to see photos of properties. And make the photos descriptive and pretty.

2. I’m not sure what percentage of people where you are look at the internet for real estate, but if you want to get your website on the first page of results for your area, look into Pay per click or sponsored advertising. To get in natural results takes time, at least 6 months or even longer. Study Search Engine Optimization (SEO) so that you can make your website search engine friendly as well. Also use your domain name in your advertising (in the newspaper or elsewhere) so that before your website shows up in search engine results, people begin to become aware of your website.

3. Provide a sign in sheet for website visitors to request more information. This is essential so that you can capture contacts and follow up with them. And do follow up. Create a dialogue the same as you would in person. Many people who visit websites for real estate in the US are "just looking". Thus make your sign in sheet voluntary to avoid a lot of fake email addresses and contact information. If your sign in sheet is voluntary, you can interpret visitor sign ins as possibly being "almost" ready to purchase. Sometimes you have to follow up with people for a long time before they are ready to purchase.

4. Create a newsletter or something with good information about real estate in general or in your area that you can send to your contacts each month. For those who are not yet ready to purchase, this will remind them of you so when they are ready, they will contact you (hopefully).

Getting real estate business for the internet is a tricky thing. The most important thing is to give people the information they want, follow up quickly and keep in touch with the people who do sign in at your website.

Good luck.

Where can I find a reliable timeshare realestate broker who will sell our time share without upfront fees?

Posted by admin on February 16th, 2010 and filed under realestate broker | 2 Comments »


To resale or rent a timeshare is a hard task, the basic rule is not to pay money up-front, don’t be another victim of a scam.

Unfortunately over 50% of people that really need to sell their timeshare falls for this resale scams where they charge money upfront and less than 10% of them use their only real option which is to post it or offer it trough free advertising options as much, and as many sites as they can (it is ok to pay a few dollars to post in a great place but no more that $20 to $30).

Timeshares do not have resale value and in most situations you would take a loss in what you paid for, as they resale for less than $2000 USD.

There are some free classified ads where you can start posting:

http://timeshareownerscommunity.com/
http://craigslist.com
http://ebay.com
http://recycler.com/
http://usfreeads.com/
http://www.inetgiant.com/

I need to find a realestate web site showing the sales history of a home to compare to its current listing?

Posted by admin on February 16th, 2010 and filed under realestate | 4 Comments »

So I can compare what it sold for previously and when, what they have updated and what they are asking for it now, so I know what to offer. Thanks

That is in the MLS, you agent can get it, it is not public.

Power of Attorney Realestate?

Posted by admin on February 14th, 2010 and filed under realestate broker | 2 Comments »

If i move out of State from Georgia to Newyork i heard that i can give my RealEstate Broker limited Power of Attorney with an experation date so that i do not have to wait for the closing.Is this true?Is this safe?

It is common all over the world you can give aspecific power of Attorney for the specific job and time limit get it registered/stamped and keep going. You are safe.*

So for how much will the American political realestate be going for?

Posted by admin on February 14th, 2010 and filed under realestate sale | 2 Comments »

Now that corporations have unlimited access to influencing government, how long before china, Saudi Arabia, Russia, and EU pipeline their agendas through the corporations, of their prospective countries.

a) 1 years (congress)
b) 3 years (presidency and congress)
c) 5 years (congress )
d) 8 years (presidency and congress)
e) ?

By the way, you can thank republicans for putting America up for sale to the international community. America will now be expected to tap dance to the tone of the highest bitter. Now it is officially a whore.

Get ready people, because the New World Order is upon us. And republicans have put them on the drivers seat.

We used to have statesmen,
then they became politicians,
now they will become prostitutes.

I am predicting $6 million for a representative, and $8 million for a senator.

Governors will go relatively cheaply, at anywhere from $2-5 million.

"Hi texas, this is your new representative…sponsored by exxon…"

Is having termites a valid reason to back out of a contract when buying a house?

Posted by admin on February 14th, 2010 and filed under buying realestate | 15 Comments »

My realestate agent says the termites are not a "major defect".

You’re real estate agent’s lying to you. They just want their commission. Look, here in California it’s the law that the house must have a termite inspection before the close of escrow. Also, the seller is responsible for making all repairs. Don’t get suckered into buying something that’s not livable.
.

is this house worth 84,000?

Posted by admin on February 14th, 2010 and filed under realestate listing | 5 Comments »

it was built in 1910 it’s three beds,large kitchen,dinning room,den,living room and house stable it’s really cool http://realestate.timesrecordnews.com/realestate/Sales/Listing.asp?lid=392-96530 here a pic of the house

I would ask the listing agent to supply you sales comps, the home looks lovely but its always location, location, location,.

The reference to Zillow was good, however I have seen the numbers way off.

Ask the agent, how long has the home been on the market? How did the seller or agent determine price?

This will give you better insight.

This is a prime example at that price and today interest rate, its cheaper to own both in the short and long term

Best to you.

PS I like Texas and Louisiana

real estate questions?

Posted by admin on February 6th, 2010 and filed under realestate broker | 2 Comments »

The value of a feature that is present in the subject property but not in the comparable property.a: subtracted from sale price of the comparable B: added to sale price of comp C: not a valie variable in priceing the comp. D: none of these

An appraiser may substitute his own opinion in the place of reliable date A: if he has long experience. B: never. C: if requested by a supervisor. D: if it will increase the price of a property.

An appraiser needs A: realestate lisence. B: appraisal license. C: brokers license. D: affiliate brokers license

In the sales comparison approach the probable sales price of a building may be estimated by: A:considering sales of similar properties. B" determining accrued costs. C:determining construction costs. D: considering depreciatin

Which approach would be given the most weight in valuation of a "strip shopping center"? A:cost approch. B:income approach. C: cma D: none

Shouldn’t you do your own homeowrk?

Client rights vs Real Estate Agent.?

Posted by admin on February 4th, 2010 and filed under realestate broker | 4 Comments »

I am currently in a situation where my realestate agent has dropped the ball on many occassions. She blames every fumble on someone else (including me, my wife, and my mortgage broker). Her fumbles, as well as a couple by the mortgage broker, have caused the closing of my house to be pushed back by a few days. This also affects the seller since they can’t close on their new house until we are closed.

My question is, do we as clients have any protection whatsoever from an agent that has really failed miserably? Based on the contract, even if we cancel the contract we still have to pay her if we buy a house within 90 days of termination. How are clients protected from horrible agents or just bad agent mistakes and judgments? Her mistakes have contributed to the possible loss of the house and serious delays in closing. There have been may more fumbles along the way.
The main fumbles have to do with communication and education.

I will also say I am sure I made fumbles as well, but I rely on the "professional" to tell me what I am doing wrong or where I may slow things down.

- We were offered some repair money. My real estate agent stated we could find a way to get the repair money out of contract so I could take the money and do the repairs myself. Therefore doing more for less. When it was realized this couldn’t be done she quickly said "Well, the buyer brought it up so I was just checking." She planted that seed and now I find out that can be related to mortgage fraud.

- The closing date was relying on contractor invoices, but due to her trying to find a better way, we didn’t get those done (my fumble, as I was relying on her information). We found out 2 days before closing that it couldn’t be done and this was after she said the seller agreed to it. So we had to scramble.

The others basically include VERY poor communication.
And you make a very good point about closing. I was under the impression a real estate agent was there to hold your hand during the entire process, including making sure closing and everything needed happened on time.

I can find a house on my own, I need someone that can help me through the rest of the process. If that isn’t what agents are for, then there is a much larger problem with the industry.
BTW, let me say. You guys have been great helping out! Thank you very much.

I cannot think of anything the buyer’s Realtor might do, or not do, that would delay the closing. Please give some more information.

If it is found that the agent has caused you financial loss through a mistake on their part, they do carry error and omission insurance to cover the mistake. However, I still am not clear on what they could have done that leas to the situation you are describing.