Posted by Chuck Rosenberg on September 05, 2005 at 06:37:24:
wine refrigerator napa wine tours wine storage scottsdale arizona metal wine racks wine cellar doors wood wine cabinets home wine cellars napa valley wine tours wine cellar storage wine making press
Best way to choose RE Agent - Posted by Marie
Posted by Marie on July 02, 2005 at 02:55:08:
passworduniverse com - Posted by passworduniverse com
Posted by passworduniverse com on January 06, 2006 at 07:40:37:
research on the mexican cowboy raisingeinstein blogspot com matco tap and die forsale 2002 camaros billy graham biography penalty for stealing cell phone cable coiler bucci twins galleries rodney crowell lyrics divorce speedy uk ffxi mousepad jeremy karlovits used refrigerated trailers explanation of roe v wade larb recipe dean miller malihini bedding dangers in aspartame sugar free no bake cookies holes lesson plans rolling stones ultra rare trax picture of stress test bit torrent lawsuit spokane used car kraft foods advertising to kids pop open sweater dryer softswitch architecture voip professional telecom 1981 suzuki gn400 character analysis of granny weatherall beckett baseball card values internet security ccapp logs thomas spitters northern airport service how to make a snowflake oshun religion office furniture dealers knoxville stories of the old testement marcie ogilvie scrapbook pages mu online private servers car wash dosing pumps self checkout problems quiz program create winning stock tip advice brown school natick hiway trailers photos jensen healey for sale manitoban multi fuel definition of insurgency acacia phlebophylla britney spears free pictures video cool alt codes mardi gras katrina st marys daily press vol petit prix cheapest airfare prague wiccan makeup oklahoma tmj kids chinese food recipes argentina supermarket disco florida fishing form g75 0rs gia paloma tgp business sports teams motivation garage conversion plans vocational nursing courses vanity chairs stools understanding automatic transfer switch oscoda chater boat fishing hoq tools biketoberfest pics weight loss cactus jim linstrum rl stine biography pac sun clothing store consumer durables market research firms isabela allende vagus nerve disorders mission valley voicemail service how to set up drums car crash lawyer sacramento mac account add password apple heat treating certifcate plus size denim vest christian perspective of history deer valley mobile homes new home designs paul winchester seattle equine massage courses home study tj hughes canal fulton tightpoker online poker no download photos of missoula montana diagram of car braking system pro 32 multivitamin monastery scents colorado lasik doctor granger tools georgia taping conversation kumho 225 55 16 hurricane safe building arbys menu merrell outlet
Re: Best way to choose RE Agent - Posted by Anne_ND
Posted by Anne_ND on July 02, 2005 at 12:22:05:
Marie,
The best way to start investing is to buy your own house- it really helps to have gone through the buying process at least once.
When you are buying your own house you should interview several agents to find one you like.
I do not recommend signing up for buyer’s agency. Whenever I’ve bought a home through a realtor I will only sign buyer’s agency for that one home, not for a set period of time. I have other marketing out there to find homes FSBO and I’m not going to pay a buyer’s agent a commission for houses I find myself.
It’s important to understand what a realtor does and for whom they work before you get started. Personally I don’t need them so much for buying but I love having a realtor for selling- my realtor has been incredibly helpful to me in selling some houses lately. And she’s been helpful because she’s experienced. If you get a new realtor who knows less than nothing then it will be the blind leading the blind.
good luck,
Anne
Re: Best way to choose RE Agent - Posted by Barbara Bryan
Posted by Barbara Bryan on July 02, 2005 at 11:57:48:
Marie - I am a Real Estate agent in Texas and work with investors as a buyers representative. I will work with those who come to me with financing in place and can walk through a property, estimate repairs and send me their offer in the next day or so. There are reams of paperwork to be done as well as addendums on foreclosures just to submit an offer. I don’t have time and don’t consider myself qualified to make decisions on offer price, but have no qualms about submitting a low “offer” on a property.
Re: Best way to choose RE Agent - Posted by Chyna
Posted by Chyna on July 02, 2005 at 07:43:58:
I think agents, like most people, are motivated more by money than good intentions. Some people suggest promising the agent that you’ll refer listing to them if and when you find any but that’s probably a waste of time. If you actually DO refer listings to them, that’s a different story. The problem is that it’s hard to do that in the beginning.
I also agree that it would help to find a new, “hungry” agent. I’d talk with that agent outside his or her office, maybe having lunch if you can organize it. I’d have your criteria written down and give it to her becuase it’s a lot to remember. But most important I’d pay her for her help. You could pay her a certain (small) amount per lead, regardless of whether you actually are able to use it. More importantly, pay her a decent chunk for each lead that actually helps you get a property…a percentage or a flat fee, depending on the deal. If you can swing $500 to 1,000 I think that’s pretty motivating for most people (but in some markets that’s not a lot of money). Then the other stuff, like pulling comps, she’d do for free. Another way would be to put her on “retainer” where you pay her a few hundred a month for all her work but I don’t like doing this as much as the “per deal” way.
Just remember that if it’s an active listing, brokers and agents (other than the one you’re working with) must get paid by someone and if you’re able to get the property at a deeply discounted amount, that someone probably will be you.
Good luck,
Chyna
Re: Best way to choose RE Agent - Posted by Mike-OH
Posted by Mike-OH on July 02, 2005 at 05:39:38:
Marie,
I would suggest looking in the newspaper for a newly licensed real estate agent. Often there will be a little announcement in the real estate ads talking about their new agents. These new agents are often hungry and really, really want to get a deal.
Once you find an agent that agrees to work with you, then you’ve got to be serious about buying a property. Tell the agent that you are looking for desperate sellers which will include: houses that have been on the market for a long time; REOs; people getting a divorce; people that have bought a house but still have their old ones; and sales by estates. Give the agent any formulas that you are using such as: max purchase price = .7 X ARV - repairs. Tell them to search for owners that really, really need to sell NOW.
When the agent brings you a house that fits your criteria - MAKE AN OFFER RIGHT THERE ON THE SPOT. Don’t go home to think about it. Don’t discuss it with an imaginary partner. Don’t start looking for a loan (you should already have the money lined up). Don’t wait for a better deal. Don’t delay. BUY IT! The agent will quickly label you a wannabe if she brings you the deals that you’re asking for and you don’t pull the trigger. At that point, your credibility will be shot (and rightfully so) and you’ve lost a valuable member of your team.
This is exactly how I did it.
Mike
Re: Best way to choose RE Agent - Posted by Marie
Posted by Marie on July 03, 2005 at 21:36:09:
Dear Anne
Thank you ever so much for your response.
You have educated me, as I assumed that an agreement with a Buyer’s Broker was on a deal to deal basis, and not necessarily needing to be set for a certain period of time.
I don’t wish to waste a Real Estate person’s time, or any person for that matter. I need to get my ducks in a row. I’m self-employed, and I don’t think my income would make buying my first home (other than the one I already own and live in) a good option. Our income is limited, although my credit is good and I still have some cash and equity I could tap in an emergency.
I don’t want to get “greedy” and risk all I have for an elusive deal. I’m trying to figure out the proper order to do things in. I thought that finding a Real Estate professional, along with other people for my “team” was a place to start, but I’ve been burned in the past. I don’t want to spin my wheels, or anyone else’s.
What would you suggest?
I want to go look for deal, knowing that I have the knowledge and resourses in place to pounce on it once I find it.
What should I do FIRST?
I have a couple of ideas to start with.
Thank you so much!
men wearing lace lingerie - Posted by men wearing lace lingerie
Posted by men wearing lace lingerie on October 07, 2005 at 22:12:20:
uk lingerie stores bikini lingerie galleries woman intimate lingerie clothing lingerie online store men lingerie lingerie models mom lingerie full figure lingerie playmate lingerie gallery wicked weasel lingerie
free star wars ringtones - Posted by free star wars ringtones
Posted by free star wars ringtones on September 21, 2005 at 07:42:50:
free sprint pcs ringtones cingular phone free ringtones acdc ringtones free cingular ringtones free tmobile ringtones tracfone ringtones free cellular one ringtones free lg6000 ringtone verizon free ringtones samsung phones free ringtones verizon phones
Re: Best way to choose RE Agent - Posted by Marie
Posted by Marie on July 03, 2005 at 22:04:59:
Dear Barbara
Thank you so very much for taking the time to respond!
I do not wish to waste anyone’s time. I need advice on how to get my ducks in a row. What order should I be working? I need to obtain either financing, or a team of Investors. I need to obtain access to a way to accurately comp out a property. Any websites that are good?
I need to go find deals and work out the details.
As far as the comps go, the resourses I used to have are no longer available. The website that I was told was good for comps was as much as $80 per month, and that was years ago.
I’m starting over.
Any suggestions?
Thank you so much!
(I have good credit, some cash, and equity in my home, but I’m self-employed.) I don’t want to put everything on the line alone and being self-employed makes it harder to qualify. I think I want to find partners, or be very very sure of my deal before I take dings on my credit by applying for a new loan. I’ve been told that every inquiry lowers your score.
Re: Best way to choose RE Agent - Posted by Marie
Posted by Marie on July 03, 2005 at 20:04:18:
Thanks for all of the advice.
It sounds as if I need to get my other ducks in a row before I search for a Real Estate Agent to work with. I have some money and good credit, but don’t feel I can or should do my first deal on my own. I live in So. Calif., where Real Estate is still hot, and where finding deep discounts is very very difficult, even in a slow market.
Years ago, I made some offers, and counter offers, but didn’t clinch anything worthwhile, then had to put things on the back burner when I started our business.
At that time, I had an Appraiser I could call to verify values for me, but I no longer have that contact.
I am self-employed, which makes getting pre-qualified more difficult. I’m afraid of running my credit too many times, as I’ve heard that it lowers your score.
What would you suggest as a progression of steps to get ready? I’ve always heard that finding the deal should come first, but it sounds like I need to have my network of Investors first, and be ready to commit if I find one. I’m confused as to what I should do first.
Re: Best way to choose RE Agent - Posted by Will
Posted by Will on July 02, 2005 at 09:11:29:
Mike, as soon as I saw this question, I was HOPING you might answer.
Once again, you’ve given EXCELLENT advice. THANKS!!! Over the last few days, you’ve helped me more than you could know.
Re: Best way to choose RE Agent - Posted by docniss
Posted by docniss on July 02, 2005 at 07:35:14:
Mike hs some great advice, also though I have found if you deal with a realtor that either invests or has worked with other investors they are more willing to help you. I had several laugh at me and tell me I would never find that deal. Well, then I found a realtor that has rentals and it’s been much easier, she has given me a lot of good info. Guess who’s lauging now…
paris hilton - Posted by paris hilton
Posted by paris hilton on October 18, 2005 at 13:38:00:
jenna jameson mariah carey hilary duff kelly clarkson aria giovanni jennifer aniston christina aguilera hilary duff katie holmes hilary duff
lingerie gallery model - Posted by lingerie gallery model
Posted by lingerie gallery model on October 07, 2005 at 11:32:36:
clothing lingerie online store clear lingerie lingerie stacy keibler lingerie glamour gallery lingerie fine fine lingerie teenagers lingerie model stockings nasty lingerie clear lingerie bikini lingerie galleries
playmate lingerie gallery - Posted by playmate lingerie gallery
Posted by playmate lingerie gallery on October 07, 2005 at 11:25:04:
wicked weasel lingerie full figure lingerie man wearing lingerie bikini lingerie gallery lingerie shower games silky lingerie uk lingerie teenagers nasty lingerie britney lingerie clear lingerie
diamond invicta watches - Posted by diamond invicta watches
Posted by diamond invicta watches on October 11, 2005 at 20:18:01:
skagen watch wholesale watch faces michelle watches wholesale fashion watches seiko watches ladies gallet watch wholesale watch faces raymond weil watches tissot watches jacob watches
diamond invicta watches - Posted by diamond invicta watches
Posted by diamond invicta watches on October 10, 2005 at 09:02:11:
michelle watches spy watches gerard genta watches seiko dive watch chopard watch buy watches online divers watch jacob watches michelle watches cool watches
Re: Best way to choose RE Agent - Posted by Barb_TX
Posted by Barb_TX on July 04, 2005 at 13:23:53:
Marie - Realtors pay (through the nose) for access and use of the MLS system. I send comps with every property I send my investors. I have 2 new investors that are working through an investment group that loans them the money for 6 months in order to buy and rehab a property. All the investor has to do is show that the deal will work. If you are interested, I will send you that information. I have a Mortgage broker that I send clients to and have learned a lot from him over time. You can use “stated Income” to apply for a loan when you are self employed and inquiries to your credit for a mortgage don’t count against you (as far as a lender is concerned) like revolving credit inquiries do.