All Forum Posts by: Haiyang A.

I'm looking at a property on homepath.com that is still within First Look period (3 days left). I contacted the listing agent, and she told me that the property went pending today. She also said that she see no reason for it not to be a successful sale.

It sounds like that I couldn't even make an offer on this property, even though it's still within the First Look period. I wonder if this is the standard procedure with Fannie Mae? It doesn't sound to be the best interests of the Fannie Mae itself as well as the owner-occupant home buyer. I know that for HUD, they will wait for the entire owner-occupant period to expire before looking at all the offers on the table.

Any thoughts on this?

Thanks @William Hochstedler and @Mindy Jensen. Our agent just told us that he will be paid the standard 3% commission. Not sure how he managed to do so, but the issue has been resolved.

Hi, I am looking at a bank REO, with the help of a buyer's agent (following some of the advice here on BP on the importance of not using dual agency). Now our buyer's agent is saying that the listing agent promise to pay our buyer's agent for $1. I'm not sure what to do in this situation. Should I pay my buyer's agent from out of our own pocket then? If so, what's the typical amount? If not, how can my buyer's agent get paid for his work?

Any comments would be appreciated!

Thanks for sharing your thoughts @Chris Mason! I wonder if using listing agent as my buyer's agent (dual agency) would give her some incentive to present my offer to the bank? But then, if the bank doesn't like my offer, it goes nowhere.

I'm looking at a bank REO that was foreclosed for $122K, and has been listed at $135K for about two months. I wonder:

(1) if a bank would accept an offer that's at or slightly below it's foreclosed amount (e.g., something like 115K, considering the minor repairs it needs?)

(2) how many offers can one make to the same property in a short time frame (can I try $115K, $120K, $125K, $130K, until it get accepted)?

Any comments would be appreciated!! 

 Thanks Bryan! I'll give Trenton a call and will mention you for referral lead.

 Thanks!

Hi, I'm looking for a home inspector in the Cincinnati area. If you happen to know someone who has done good work for you in the past, would you please refer him or her to me?

@Merry Briotta, @Champak Shah, Thank you both for the very attractive idea!! I will learn more by reading this forum on how to proceed of buying without a realtor. I wonder if there are some pitfalls or areas that need special attention without the assistance of the help of a real estate professional?

Thanks @Sarah Ziehr! I'm trying to follow your thoughts. Let's say the final purchase price of an off market house that I procure is $200,000, and I should enter an agreement with my broker ahead of time indicating that I will pay him or her about 2% of the purchase price, which comes about $4000. Is that correct?