Busy Bid

Archive for December, 2010

Question by lovelyrita: What does it mean if a real estate agent is encouraging us to let her act as an intermediary?
My husband and I live in Texas and we think it’s time for us to finally buy a home. Our busy schedules keep us from being able to really search the marker and we have realized that we need a real estate agent but I am not sure if I should sign a contract with her. She would like us to let her act as a intermediary agent and I am not sure if that is on best interest. Please advice!

Best answer:

Answer by kemperk
NEVER ever accept anyone as a “legal” intermediary. know that the duties of a broker depend on whom
the broker represents. If you are a prospective
seller or landlord (owner) or a prospective buyer or
tenant (buyer), you should know that the broker who lists
the property for sale or lease is the owner’s agent. A
broker who acts as a subagent represents the owner in
cooperation with the listing broker. A broker who acts as
a buyer’s agent represents the buyer. A broker may act as
an intermediary between the parties if the parties
consent in writing. A broker can assist you in locating a
property, preparing a contract or lease, or obtaining
financing without representing
———————-

http://www.habitathunters.com/services/IBS.pdf

———–
a buyer should never ever accept anyone but a buyer’s agent.

a buyer’s agent acts like an attorney, ADVISING and negotiating. [paid for by the seller]

an intermediary is a totally neutral party–WORTHLESS when buying real estate.

[fact; in the past 40 yrs, buyers have overpaid by 15% average, on properties
bought when dual agency OR intermediaries was/were accepted by the buyer
because NEITHER one is permitted by law, to negotiate for the buyer!!!

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Question by Jeny5: Ever bid on Real Estate @ auction & never won ?
I want to buy a house at the auction but im a little pessimistic coz of what i heard.. that you won’t be able to buy it cheap coz if the highest bid is low, the bank/seller might take it back or you’ll get outbid anyway. Is it true ?

Best answer:

Answer by steveko777
I have bid on many properties and won a few so anythings possible. It is true that if all the bids are too low the bank can pull it back but on the flip side they may be under pressure to clear the property off their books. It cant hurt to try-bid low but not ridiculous… make sure the property is inspected before you bid because your low-bid may not cover any major repairs.

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Question by kiiroi_monkii: What are some of the biggest real estate companies in Australia or UK?
I just need names of some of the biggest real estate companies in either Australia or the UK. I want one that is big enough to have its financial statements online. Please help!

Best answer:

Answer by mattysmum2692
Remax is very large world wide. Unfortunately I don’t know about the online part.

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The ABC’s of Real Estate Investing

The ABC’s of Real Estate Investing
List Price: 16.95
Price: 8.43

Question by hari k: How to reach and know the modus oprandi of real estate agents from differrent countries?
Wish everyone a happy and prosperous 2008.

I would like to expand my territory of real estate marketing to other countries.SO,someone guide me with the modus oprandi and the methods employed by different real estate agents all over the world(from countries like US,UK,Australia,Singapore,Malaysia etc.)As well as,Would somene help me to setup an office in those countries to expand our operations?

Best answer:

Answer by DannoREA
No. There are enough people in my commonwealth who don’t know what they’re doing already. Don’t need you to muddy the waters with businessmen who’ll need a lesson in not only local laws, but federal guidelines as well.

Besides, don’t ya know? Real estate in the US is hardly a growth industry right now.

Know better? Leave your own answer in the comments!

Question by NewToStocks: In what ways are the stock market and the real estate market related?
Such as: Do foreclosure increases affect the stock market and in what ways? What happens when deeds recorded decrease? What happens to the stock market when median home prices go down? What happens when new construction permits decrease? This is of course referring to residential real estate, but what about commercial real estate? Thank you very much for your input.

Best answer:

Answer by Matthew C
the stock market and people who manage pension funds directly influence the property market in so much as they invest heavily in it. It has a history of out performing the FT100 etc. With a decline in the property market this will affect the returns of the investors in funds and pension funds and so affect the stock market.
Hope that made sense.

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Inside Indiana Business
Luecke reflects, looks ahead
Read more on The Times of Northwest Indiana

Developers’ dilemma on repossessed property
Although developers in Dubai are uncertain on whether to lease or auction the repossessed units, an expert says time is good to lease than sell.
Read more on Zawya

Community Calendar
Submissions for the Community Calendar are required 10 days preceding the date of publication. Send to: Pioneer Press, 3701 W. Lake Ave., Glenview IL 60026. Information may be faxed to (847) 486-7495 or e-mailed to mbottari@pioneerlocal.com.
Read more on Norridge-Harwood Heights News

Basic Real Estate Appraisal

Basic Real Estate Appraisal
List Price: 63.95
Price: 63.95

Question by EM: What is the difference between a real-estate appraisal on your home’s value and the tax appraisal value?
Currently, I only know the tax appraisal 109K, from the home I am planning to buy.
(Home built in 2006, around 1500 sq)

How much of a difference can I expect from the real estate appraisal? Lower or Higher?

Are homes usually valued around the same as the tax appraisal?

What kind of problems can I face if the appraiser values the home too low or high?
The appraisal would be for the purchase of a home, right now the asking price is 96K( it’s a foreclosure).

Best answer:

Answer by budhah1
appraisal for tax pourposes should be based on Arm-length real estate deal. Your house sells for $ 150k, your taxes will be based on the sale price.

I like this as I take a look around the neighborhoods where I would buy a house to see what the others houses sold at, and then would base an offer in the midrange, minus a little.

On the quadrenial appraisal the county will sometimes base it on sq footage times so much a foot, plus the sq footage of concrete, and brick. They really try to get the value up if they can..

If they get out of hand you will need to protest the valuation. That is a real pain in the butt.

If appraised too low, the bank will not go with you on the loan. and tell you that your paying too much. Too high is good.

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Question by e e in california: What are the advantages for holding real estate in a corporation or LLC?
Why would someone choose to start a LLC or corporation over just owning real estate as an individual? More specifically, why does some choose LLC and some corporation (and within this there is the S corp and C corp I believe)? If anyone could thoroughly explain that would be GREAT! Thanks

Best answer:

Answer by melanie j
TAX purposes,Inheritance taxes…. exemptions…….

What do you think? Answer below!