Question by rcdrphoto: Is now a good time to be a real estate agent?
Considering the fluxuations in the market place and all the media hype are real estate agents suffering, making about average or what is the real situation with agent profitability right now.

Best answer:

Answer by cashew
No they are getting on lean times, but of course this varies per region.

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Question by calibrater2002: Is buying a home “For Sale By Owner” a good idea?
What are some of the pitfall in doing this? Why are the houses so much cheaper (other than not paying a realtor)?

Best answer:

Answer by me
Realtors take a pretty good cut.. so the most obvious reason is that they need all the $$ they can get and want to sell it by themselves. As long as you have it inspected (which your mortgage broker will insist you do anyway) and you have a lawyer for all the paperwork… go for it.

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Question by Whatever: Selling a home “by owner”?
If a person wants to authorize someone else to sell his house “by owner”, does the person have to sign a power of attorney?

Best answer:

Answer by Amanda H
Only if that person is going to sign the paperwork and such. You can help someone sell their house — IE show it and discuss it, but when it comes down to the purcahse and sale and the closing, you would need to have POA.

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Question by tgfann: Have you ever used on of those “We pay cash for your home” companies?
We’ve been trying to sell our house for 7 months now. We’ve lowered the price 4 times. We’ve had several people look but as soon as they hear that we need flood insurance … they’re gone! (There’s a creek right alongside our house that comes in from the ocean, but it hasn’t flooded here in over 100 years)

Anyway, we really want to get out of here and we’re considering one of those “We pay cash for your home” companies. The one I spoke with offered us ,000 less than the price we’re at now.

Just wondering if anyone has had any experience with these types of companies? Thanks!
Thanks folks. About the flood insurance, the mortgage company requires it. But we had a new flood elevation map done in August 2005 and they said we could fight it and would probably win. But knowing my luck, I’d cancel the policy and the next day we’d have the flood of the century!

Best answer:

Answer by kamaljots1985
All I can tell you is try harder or find different companies with different offers in writing. Make sure you have it in writing and the amount is not negotiable. Make sure you don’t show them how desperate you are, they aren’t your therapist and there is no need for them to hear your problems. Try to get references through family and friends or even neighbors. Also I don’t know if the 12,000.00 dollar amount is allot or little compared to the total amount your selling your home for. If you are selling it for 120,000.00 dollars then it is a large amount. But if you are selling your home for 500,000.00, then it doesn’t seem like a large amount. Hey long as you are not upside your mortgage (assuming if you have one), then go right ahead.

P.S. Also check with the Better Business Bureau for the company offering to purchase your home.

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Question by time_stops_for_no_one: need help finding a real estate agent in sacramento?
im 16 my mom is a first time home buyer. she needs a real estate agent in the sacramento area. we where going to use this one lady as are real estate agent but she was very mean. so how do we find a good real estate agent please help.

Best answer:

Answer by GradyPHil
There are Estate Sales in California that offers expert services in the field of estate auctions, estate appraisals, that deals with auction houses and hosts estate sales.

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Question by Teresa: Selling a home “for sale by owner”…..?
What advice can you give me to sell a home myself without going through a realtor? I live in NC. Thanks.

Best answer:

Answer by tone
Get a good contract, have a mortgage broker qualify anyone who makes offer prior to acceptance. Read the rules and regs on selling in your state. Spell out everything thoroghly, who pays what, time frame, etc.

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Question by madamjenn40: How does ‘Will Pay Cash For Your Home” work?
We are looking to sell our Moreno Valley, CA home ASAP!(Relocating) I have seen those ads everywhere that say they will buy your home for cash. Do they give you a fair amount? Before I call one, I just want to know if anyone has done it and how it went, did you get a fair price with any money left over?

Best answer:

Answer by boohoo
No they offer you hardly anything! Sell it at a competitive rate and it will go fast!

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