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1
Posted on 12/27/15 at 1:27 pm to lynxcat
quote:
That kind of legislation is silly if it doesn't take into account the size of a household. A couple with no kids making 175k is likely to be better than than a family of 5 making 250k.
Kids or not someone can still have high debt that could keep them from meeting their payment obligations. That's why DTI exists.
Posted on 12/27/15 at 1:29 pm to lynxcat
I'm not saying I don't agree, but when 2007 happened, the pendulum swung way too far in the other direction in regards to regulation. If I were a lender, I would agree with you.
Posted on 12/27/15 at 1:29 pm to SlowFlowPro
Love the JT approach you mentioned. Agree to a sales price and the REA gets 20% of anything over that amount. At least in that scenario they are earning the higher sales price.
Posted on 12/27/15 at 1:30 pm to SlowFlowPro
I was commenting to the thread in general. Can't tell you how many times I've seen friends sell or buy on their own, end up selling for less or paying too much but pat themselves on the back for not having realtors involved.
This post was edited on 12/27/15 at 1:31 pm
Posted on 12/27/15 at 1:30 pm to dsides
quote:
Your time is apparently not worth much
lol...my time is what I make of it.
Posted on 12/27/15 at 1:32 pm to joeleblanc
quote:
lol...my time is what I make of it.
Which is apparently not worth much if you'd make more spending the time to sell a house on your own vs. investing that time in your own business. You apparently don't understand the concept. Not surprised.
Posted on 12/27/15 at 1:32 pm to PurpleandGold Motown
1) I took all of the pictures with my Cannon Rebel. We had it FSBO first so I did the pics, which when we brought him on as realtor, he thought we should keep the ones I took because they were as good as or better than his photog.
2) I paid for the appraisal..twice.
3) you sound like a pissy real estate agent.
2) I paid for the appraisal..twice.
3) you sound like a pissy real estate agent.
Posted on 12/27/15 at 1:33 pm to dsides
quote:
I was commenting to the thread in general. Can't tell you how many times I've seen friends sell or buy on their own, end up selling for less or paying too much but pat themselves on the back for not having realtors involved.
If they are selling then they have a minimum of a few thousand of cushion in screw ups before they actually recognize real losses (relative to paying a REA a flat percentage)
Posted on 12/27/15 at 1:34 pm to PurpleandGold Motown
PS: you act as if normal people are too stupid to go to realtor.com and look up homes for sale. Most people don't NEED you to find a home for them. If they're in the market to buy and have an idea of where they want to live, the Internet makes it pretty dummy proof to find it themselves.
Posted on 12/27/15 at 1:34 pm to dsides
Or maybe the cost of a REA is more than the cost of his time in other activities? How can you speak to the value of HIS time without knowing anything about him or the real estate he would theoretically be selling?
Posted on 12/27/15 at 1:35 pm to MadDoggyStyle
quote:
For a one thing, the market for million dollar plus home buyers is much smaller than $90k homes. I know a guy who built a monstrosity of a house, then lost his job. He was able to get a new job but never could sell his house. He has been commuting home every other month or so for the last 4 years. There just wasn't that big of a market for his house in his area. I also think if a person can afford a million dollar home in the Deep South, they are going to consider building their own home rather than buy one designed by someone else. One realtor told me that once a home price goes over $300k, they become much harder to sell due to the budgets of most people. That was 10 years ago, so I'm sure that number is higher now, but I'm sure there is still an upper limit, where the home price becomes cumbersome and that realtor is going to have to put in a lot of extra time and effort to sell.
Where is live in the "south" they build whole subdivisions of spec homes starting at $600K, going to 2 million, the effort to sell them is no different than a lower priced market in another city.
Posted on 12/27/15 at 1:35 pm to Gr8t8s
TRID has certainly pissed off a few lenders, but as long as you do your job, it helps real estate agents and their clients. I love getting a HUD-1 three days before closing and KNOWING everything is in order in advance -- rather than half an hour before closing -- especially when dealing with out-of-state clients.
Posted on 12/27/15 at 1:36 pm to dsides
quote:
dsides
are we a real estate agent?...why would I have my own business and what does that have to do with buying or selling my house?
Posted on 12/27/15 at 1:36 pm to lynxcat
Determining pricing, qualifying buyers, art of negotiation, etc. undervalued by most. Like I said, just do your own homework and determine your number. Knowledge is power. Then put the heavy lifting to the brokers. Due diligence, closing, etc. A good broker you can rely on to do the work is worth it. Sounds like the real problem is many on here have a hard time qualifying and finding the right broker.
Posted on 12/27/15 at 1:37 pm to tigerbandpiccolo
quote:
and have an idea of where they want to live,
Most people coming from out of town have no idea what areas of their new towns are trending which way. There's a lot of gentrification going on in some cities right now but without a Realtor to point that out, people might not realize it or buy a few blocks out of the gentrification area and be in the ghetto.
I could list several more reasons.
Just saying it's not as idiot proof as you make it out to be.
Posted on 12/27/15 at 1:37 pm to Gr8t8s
quote:
Architectural photography
Someone could buy a Canon T5 and a pancake 24mm IS STM lens and watch some YouTube videos to get acceptable results. Let's not act like most of the pictures for real estate are award winning photos.
This post was edited on 12/27/15 at 1:44 pm
Posted on 12/27/15 at 1:38 pm to lynxcat
quote:
Or maybe the cost of a REA is more than the cost of his time in other activities? How can you speak to the value of HIS time without knowing anything about him or the real estate he would theoretically be selling?
because he/she is an idiot
Posted on 12/27/15 at 1:39 pm to joeleblanc
Why does my business have anything to do with a simple concept. It applies to all. You have an imputed cost to your time. Everyone does. You should go figure it out and it makes outsourcing all decisions in life pretty easy.
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