All Forum Posts by: Paul Zofsak

Its also priced below comps in the area per square foot.  With what little feedback I have been getting back from the realtors that show the property is that it is priced well for the area.

Once again, the question is what else can my realtor be doing besides just an MLS listing?

What are the conditions surrounding an open house, how, what, when, why, etc?  Is that something we should be considering?

The house is listed below its appraised value.  Most of the houses in the area are three bedroom, this is four and has been updated recently, paint, carpet, appliances, countertops, etc. 

I have been getting feedback and most of it is positive, only one realtor mentioned why their clients didn't move forward; the rest just leave a general five question survey.

I dropped the price several thousand over a week ago in hopes of drawing attention, there has been one showing since. I understand about the largest house in a market, etc. What I am asking is there more I should expect of my realtor than just a standard MLS listing; her commission is going to be about $4k after all.

The showings have been marginal, about three to four a week at best.  One area of concern for me is that whenever I call my agent's cell, she answers about 10% of the time so I leave a voicemail.  It is then another few hours that go by before I get a text, not a call, back.

So basically I should expect more than just an MLS listing. The listing she put together is great. The houston market right now is really hot and the average DOM for that area is about five weeks. One thing also to take into consideration is that the house is about 900 sqft bigger and about $20K higher than the average house in that area; it is priced according to comps/sq/ft however.

So I would be justified in going to my realtor and asking her what else she is doing or planning on doing then, correct?

I am 6 weeks into my first listing and am wondering what should,or could, my realtor be doing besides just putting my house on the MLS and centralized showing? I understand it can be a waiting game but as a sales person what else can she be doing to earn her 3% commission?

I think you guys are goth right but coming at it from different angles.  After judgment is given in the landlords favor there is a six say waiting period before a writ can be issued.  Once the writ is issued, and signed by the judge, it is delivered withing 24 hours.

I filed for my writ of possession today and I guess my county is a little backed up; they told me it is now 48 hours until they post notice and could be up to two weeks before the constable executes the writ because he has to wait on a "truck and the storage facility" WTF. I am so fed up with this process, I had my realtor setup to go over to the house in two days to get it listed on the MLS. Now it may be up to two weeks before I can get over there. And in the meantime the tenant has the nerve to ask for more time to pay.

I will be using property management on all future properties...

So my tenant is two months behind on rent, I went through all the processes to lead to the eviction trial which is set for today. So my question at this point is how do I know if I need to spend the time and $$ to file a writ of possession? I have had no communication with the tenant, I have not received the keys from them, and it looks like the power is still on in the house but the blinds are all drawn so it is hard to determine if they are still living there. This is in Texas by the way.

I would like to hear from the experts on this one; here is my story. In January of this year I closed on a house with a buy and hold strategy. I did an HML and then into a conventional loan, I rented the house and am now in the process of evicting the current tenant. During the process I realized that I may have purchased a house that is above the current market demand and I will not get the type of tenants I want for the rent that I need; chalk that up to experience. Anyway, so in my current situation of only having the house for six months but with obvious intent to hold on to it initially should I consider moving forward with a 1031 exchange; would I qualify?

I have a guy I like to use. When I get back in town I will give him a call and see if he is looking for any additional clients.

Welcome to the forums, you should be able to find the answer to any question here.