REALTOR®

Are websites like Trulia and Streeteasy taking business away from realtors? Like do you see them as a threat or benefit?

Asked by redfoot about 10 years ago

Good question!

In an age where everything is done on the web I really don't see them as a direct threat. It does make my job harder though. These companies harness leads through their site (taking away traffic from our sites) and then charge us for rights to get these leads. But it's just how things work now and that just means I need to try that much harder to be the agent of choice in my area.

If a home is put on the market for $1 Million and I agree to pay that asking price, what's my approximate out-of-pocket purchase price going to be after all the fees and taxes involved?

Asked by Mr.F about 10 years ago

Are you paying cash? Are you financing all or part of this purchase? What rate did you secure? What state do you live in? What county? What does your lender charge in fees? What inspections are you paying for?

Unfortunately, it's not cut and dry. Every purchase is unique and tailored to each property, client, and market. If you're serious about purchasing property I would suggest speaking with a local agent in your area.

Have you ever had a buyer or seller try to back out of a sale after the paperwork was signed, and what happened?

Asked by Maddy1 over 10 years ago

I've never had this situation happen to me, but deals do fall through for many reasons. It is totally possible to back out after negotiations; however, it is not without cost. Once an offer has been inspected a buyer usually has a 17 day inspection period where they can order a terminate report, home inspection, and roof inspection. Depending on negotiations either party could pay for these. If the buyer finds something troubling in the inspections we write up a request for repairs where we ask the seller to fix the issue. If the seller refuses the buyer could back out of the deal and get their earnest money deposit back (Usually at least $1000). If they back out after the inspection period they lose their earnest money deposit and whatever money they put into inspections.


I hope that answered your question Maddy1, thank you for asking it!

What's your best advice about how to predict the direction of the housing market?

Asked by Ruth almost 10 years ago

real estate agent is a career that peaked my interest since I am career planning for my future What was the process of becoming a real estate agent for you? and could you explain how the pay is since RE Agents get paid commission And is it stressful?

Asked by Alex01106 over 4 years ago

I assume you're not always out showing apartments and houses. What's a day like at the real estate office?

Asked by Lagerfeld almost 10 years ago

Are cities where real estate prices are higher automatically more desirable to work in for realtors, because the commission is higher?

Asked by Mike almost 10 years ago