Real Estate

Im helping a friend with this exact question. Both answers may work. But I agree that you need to go directly to the market. FSBO (for sale by owners) might give you better direction.

Im having my friend go directly to the real estate agents. And asking for the hardest loans that they couldnt get through. Clearly she doenst have the knowledge to do them but Im doing them for her. Im not sure if you have a mentor or not. But if you are green to the business I wouldnt start with real estate agents.

If you do, call and get a list of those real estate agents in your state that passed their test in the last 6 months. Work with them. If you screw up they prolly wont know. As M said 3 years plus they will eat you alive. Remember it might mean 1500 to you but it could be 15,000 to them. You dont have the option of being wrong.

I eventually want to own and manage my own commercial properties. I also would like to get into the industry to learn more about it before i start my own investments. I am currently going to school for an AA in Business Management. Should I get a real estate license? What kind of education do i need for getting into property management? How would i go about it?

In many state the law requires professional property mangers to have a real estate license. Do an internet search for Apartment Owners Associations. They offer plenty of educational material.

My fiance and I are a very young couple (23) and are house shopping at the moment. We both have good jobs, so money isn’t going to be the issue.

The issue is we are new at this. I don’t want realtors to start asking us questions we don’t know the answer to. Will they ask our credit score? Things like that. Basically, what are questions a realtor is going to ask you if you’re interested in buying a house he/she is selling?

They need to know how much you are preapproved for and how much you want to spend (you should not buy what you are preapproved for). You will not have to talk to selling agents, your agent handles that.

They may also ask questions to get an idea of what is important to you and what you are looking for. They do not need to know your credit score, just what you are preapproved for. They need a copy of that letter for any offers you might want to make.

I can’t find a home for rent in a good area that is in my price range via the usual methods…classifieds, internet searches etc…, so someone told me to check with a realtor for more information about rental properties. Is this a good idea, as I thought realtors just dealt with selling homes?? Thanks for any info!

They absolutely are involved in rentals–some may not want the hassle, but they have databases and are qualified. Normally the landlord pays their fee, but that might not be true in all cases.

im from the philippines and im planning to take an online course for real estate in the US. if im able to complete this course, would i be able to take a real estate broker licensure in the US and practice the profession there?

You do have to be a citizen of the US and a legal resident of the state in which you are living.

Real Estate is a state regulated industry. Meaning, each individual state has its own different requirements for real estate agents.

The source below is specific to Texas.

How do I find a good realty company?

go to a respectible agency that can put u in touch with good companies. or try contacting them direct.
t

I have been a yahoo user for about 8 years. I have never had an issue with the website or it’s services until recently and have discovered there is no way to contact Yahoo! I’m hoping this will let them know that nothing happens when you click on the yahoo! realestate buttons. We are thinking of relocating for his job and would like to search home listings. It’s the only link, I’ve found, that doesn’t work. Please try to fix it. Thank you, oh and, I Yahooooooooooooo!

Contact with Yahoo help center. They will solve your problem.

i signed a contract this past saturday with a realtor.today the realtor said i won’t be able to get much mney to put down on another home.i know my home is worth $80,000.00.can a realtor jump out a contract ? i was using keller williams realty

I don’t follow. Nothing you’re said indicates your agent has ended your listing agreement.

My dream is to become a realestate investor by means of Fixing out dated homes and selling them. I plan to take real estate classes and also get a small buisness degree. Is there anyone out there with wise advice for a girl who wants to make her dream come true? I live in Michigan and the housing market is as low as its been in 35 years so I plan on waiting to start this until the market begians to recover. I have already invested in a home for my family Getting a great deal due to the market. The house appriased at 125,000. I bought it for 90,000 on a land contract 4% interest. I am going to pay $500 a month toward princable for 5 years leaving me with about 60,000 owed. I paln on using the equity to begian investing in other propreties. Good Idea or bad?
I want to wait until the market begians to recover because I dont want to be stuck with a house I cant sell. I dont want to have to make 2 mortage payments

That is a great idea…..Many RE investor’s start this way….If you go into this business, you must have SOME capital….And if you sell your home in two years, you can reinvest that money into another home….If you do that every two years, in 6 years, you will have cash to buy a home….And enough capital to really launch your business…..Best of luck to you! You sound like you have a good sense of how the market works….

I have had an accepted contract on my house for about thirty days. The closing date is in one week. In the contract the purchase was contingent on a home inspection, this inspection was to be performed no later than 10 days prior to closing. They just had it done today 7 days before closing. Do they have any recourse to back out now because they waited to long? All of this is in writing in my contract. If there are any major repairs there is no way I can get them done and most importantly paid for in 7 days. I do not have any "room" left to go down in price on my house either. One last thing.. in the contract we negotiated a 600 repair cap, state of TN if it helps. Please elaborate on answers, I have to be able to close on the date that we set. Thank you.
A few quick "adds" I am working with a realtor, and he is as baffled as I am, as to why they waited so long to have this done. We already have a letter stating mortgage approval, and thay DO NOT have to have an inspection as far as their mortgage is concerned.

After hte inspection, they will send you a list of things you need to fix or pay to have the buyers fix it. If you don’t want to do the repair, you can turn it down.

At this point, if they DO back out (which they can until they sign the papers after the inspection), you still have their earnest money that they gave to you at the very start of this process.

If, at the final walk-through, they don’t like the improvements, then they can tell you to get improvements you forgot to do that they wanted to have done in the contract or they won’t sign the papers until you get it done.