All Forum Posts by: James McGovern

The new rules are in effect since August 17th. MLS does not display (and govern) buyer so no buyers need to sign a buyer agency with an agent before showings. And potentially pay for their own buyer-agent.

What prevents a buyer agent from misleading a buyer and demanding the signing?

0 Votes

Quote from @Gregory Schwartz:

It sounds like the focus should be on who you’ve hired rather than just the wording in your listing remarks.

Listing agents aren't guaranteed to know building code either and may not know when to shut down the buyer agents nonsense.

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Hartford, Connecticut

Is it true that Buyers Agents work harder than Listing Agents? The Listing agent puts the property on the MLS and can get away with sitting around twirling their thumbs while buyers agents have a brunt of the work having to drive buyers around, orchestrate paperwork and inspection negotiate and so on.

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Quote from @Erik Estrada:

Quote from @James McGovern:

A common pitch for realtors looking for listings is to declaure they have a large database of “buyers” they will bring those buyers by to see the property, but often zero proof of its existence.. It’s all sales crap. Is there a way that sellers should validate this information?

Just look at their closings... If they are constantly closing they will likely have buyers already lined up in their market.

Closings does not mean they have depth of buyers. Only that buyers did a good job in finding them.

1 Vote

Quote from @Shawn McCormick:

Quote from @James McGovern:

The purchase price in many jurisdictions determines how the property will be taxed. If a buyer wants lower property taxes, do agents tell buyers of new builds to suck it up and accept it?

You really don't have a choice with the tax rate. When the builder sells it to the end buyer, it's been being taxed as vacant land. The county then comes in an assesses value based on purchase price and adds CDD fees if they apply and any non ad-valorem taxes. We get a trim notice around this time of year where you could argue the case your taxes are too high if you choose. So in effect, yes, you have to deal with it. Unless you quit-claim or buy sub2 and do it correctly, you could avoid the transfer of sale and keep the previous owners rate.

Are you suggesting there is a way to purchase a new home build using Subject to?

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Orlando, Florida

Can’t you just serve the paperwork to “unknown occupants”?

Yes you can serve paperwork as John and Jane Doe but often you may not know how many Johns or Janes are on the property. It is best to know all names of all people.

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The purchase price in many jurisdictions determines how the property will be taxed. If a buyer wants lower property taxes, do agents tell buyers of new builds to suck it up and accept it?

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Orlando, Florida

Fixing termite damage may require you to remove drywall and fix the studs. Not that big of a deal if you can tell how widespread the challenge is.

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Grand Rapids, Michigan

So I'll ask here. What is holding you back?

Evicting a squatter where I have not determined their name?

1 Vote

Quote from @Patricia Anne Cawood:

Can you give me more details about your deal first?

I purchase properties at foreclosure auction. Need a lender who understands that clean title will only occur on the day of closing. Too many want clean title earlier in the process.

0 Votes

Chattanooga, Tennessee

All Forum Posts by: James McGovern

James McGovern has started 119 posts and replied 329 times.

Post: Is the ability to negotiate realtor commissions a form of Fakenews?

Post: Best Practices in Avoiding Painful Buyers Agents

Post: Is it true that Buyers Agents work harder than Listing Agents?

Post: What Listing Agents are most likely to have a large database of buyers?

Post: How do you identfy an agent that has successfully negotiated steep discounts on New..

Post: Best Practices to Determine the names of Squatters in your Property?

Post: How do you identfy an agent that has successfully negotiated steep discounts on New..

Post: Termite Damage during inspection

Post: So what's holding you back?

Post: New Private Money Lender Looking to Connect and Learn!