Real Estate

I need help I can’t find out how to do it.

They pull from the MLS, there is no direct listings.

I need to know either illegal or just unethical.
Had a house got behind. Had a friend refer a realtor. He came in told us we had to move in a week so he could short sale the house.he had a property we could rent that was another foreclosure. So we moved. He never got our contract to us or talked with bank. Come to see a for rent sign in our old homes yard. We fired him and hired another person who said we never had to move in the first place. He is doing this all over the place. Kicking out people telling them they have to leave then renting the houses out and keeping all that rental money. Can he do this

This real estate agent ran the best scam around. You should report him to the local Real Estate board. Yes he might do this as demonstrated he has done it.

The question is the legality of it. Normally you may not collect rent on a property you do not own. Apparently he moved you into a house where the owner could not or had not paid the mortgage. Thus he was collecting rent from you on the property you were renting,without the owners knowledge, as he was yours.

this is fraud on his part and the authorities should be contacted.

You are not required to move during a short sale. Some real estate agents will tell you it would be better if the house is empty. In most instances they would stage the house to show it at it’s best without your accumulated clutter.

Most lenders would require the property listed by a licensed real estate agent for a period of time. Your lender would also want to have the assistance of a real estate agent in completing the Short Sale Package. Once the short sale has been approved, basically, even though you signed the contract of sale, the real estate agent is really working for your lender, as all offers on the property would have to be approved by the lender.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"

How it is called this kind sales system what tourist agencies, insurance brokers etc. companies are using? I mean percentages of the premiums and all other things what they are using?
Can anyone suggest a book or readings about commission. What are different and most successful commission strategies?

It is a Commission. The company provides a percentage of the sales price to the selling agent…

The returns may be very good, but you must have deep pockets and or holding power.
Do watch out for government policy, some changes may kill you.

I have a one year but the commision is 6% probably more than I will make after closing sale…
They are not what I expected , 4 months no showings, other agents showing thats another commission can I at least renogotiate a smaller commission in this market CALIFORNIA…

Granted, commissions are negotiable, but if you negotiate lower than 6%, you are shooting yourself in the foot. The vast majority of realtor listed sales involves 2 office; listing and selling. Presuming a 50/50 split that’s 3% for each office. A reasonable amount. However, if you lower the total commission, the share to the selling office will not be very attractive and many agents won’t show property with a low commission. You want to do just the opposite. Offer a bonus if the property is under contract in X number of days.

realtor.sailor

I have a one year but the commision is 6% probably more than I will make after closing sale…
They are not what I expected , 4 months no showings, other agents showing thats another commission can I at least renogotiate a smaller commission in this market CALIFORNIA…

Granted, commissions are negotiable, but if you negotiate lower than 6%, you are shooting yourself in the foot. The vast majority of realtor listed sales involves 2 office; listing and selling. Presuming a 50/50 split that’s 3% for each office. A reasonable amount. However, if you lower the total commission, the share to the selling office will not be very attractive and many agents won’t show property with a low commission. You want to do just the opposite. Offer a bonus if the property is under contract in X number of days.

realtor.sailor

I have a one year but the commision is 6% probably more than I will make after closing sale…
They are not what I expected , 4 months no showings, other agents showing thats another commission can I at least renogotiate a smaller commission in this market CALIFORNIA…

Granted, commissions are negotiable, but if you negotiate lower than 6%, you are shooting yourself in the foot. The vast majority of realtor listed sales involves 2 office; listing and selling. Presuming a 50/50 split that’s 3% for each office. A reasonable amount. However, if you lower the total commission, the share to the selling office will not be very attractive and many agents won’t show property with a low commission. You want to do just the opposite. Offer a bonus if the property is under contract in X number of days.

realtor.sailor

They are putting a lock box on the door for the realestate company to show the house and want us the leave when they show it. Can she do this to us?

Michelle, they cannot put a lock box on your door, as that is a dead give-away that the house is for sale and may be vacant. It also gives you no knowledge of who or when someone enters your home when you are not at home, with the key in that box. That puts you at a greater risk for break-ins and burglaries. Even long-term commercial leases specify that a landlord can only put a for sale/lease sign on the property in the last few months of the lease (number of months specified in lease) after either you or your landlord have indicated that the lease will not be renewed.

The landlord has no right to simply give you 24 hour notice to show the house to prospective buyers, unless such right is specified in the lease and I have never seen that. Most residential leases (about 95%) are prepared on standard forms written by lawyers for the state or national associations of Realtors or that of Professional Publishing Corp. (check in a top corner or at the bottom of the page, especially the last page of the lease for any copyright) and none that I know of or have seen had and any such ornery provision.

The landlord or his agent have the right to enter when you requested a repair to be made at the dwelling, or in case of a bona-fide emergency when you are not at home. The landlord or his agent have the right to periodic inspections, say once or at most twice a year. The courts in the past have held that routine quarterly or more frequent inspections are unreasonable and unenforceable. So, you can agree with your landlord to allow an agent to show the house, but then you can also ask for a rent concession for that agreement because of the burdens imposed on you.

Your landlord can sell the home you have leased, but he can sell only a LEASED FEE estate and not grant a buyer FEE SIMPLE title. This sale will not affect or modify your rights under your lease, but you simply will get a new and substituted landlord. No paperwork is necessary for that, but the new owner has to advise you on where to send the rent check.

hello all,, i just became the new owner of a new property which i purchased as a short sale..the realestate person that sold it to me did not get the last owner to remove,,weeds,,junk,,junk and a large bus which is in backyard area …i do not know what to do???

You will probably have to follow the abandoned property laws of your state and county. You cannot get rid of ANYTHING until you’ve followed those laws EXACTLY. You can certainly move the items and store them in a secure location, but that’s the extent of it.

Most abandoned property laws are that you must attempt to contact the owner of the property and give them 30 days to get the items. You may also have to post public notice (like in the penny save or classifieds section). Once that time frame is up, you can do with them what you wish. I would probably post an ad in the newspaper & on craigslist saying "junk. free. u-haul." and then a short description of a the items. Post a photo (on CL) and after that, call some junk haulers to come get the bus and rent a dumpster to get rid of the rest.

You want us to do your homework for you? No way!

Just google "real estate, short sale" and you will get an excellent explanation of a ’short sale’ and it will be a learning process for you.