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All Forum Posts by: Vic Reddy

Vic Reddy has started 10 posts and replied 83 times.

Post: Best site to list a rental on the MLS

Vic ReddyPosted
  • Real Estate Agent
  • Dallas - Fort Worth, TX
  • Posts 89
  • Votes 33
Jon U can request ur realtor to list on MLS and this will push the rental listing to all RE websites like Zillow, Trulia, Hotpads, realtor etc Generally most of the leads come from first 3 websites and also via MLS from other tenant agents.

Post: Non Compliance of Lease Terms. Adding an extra Pet without askin

Vic ReddyPosted
  • Real Estate Agent
  • Dallas - Fort Worth, TX
  • Posts 89
  • Votes 33
What does ur lease agreement say? Did u use TAR lease agreement? If so, this has comprehensive coverage on pets and action to be taken for violating pet policy If the lease agreement does not cover this scenario, u need to negotiate with the tenants on additional pet deposit & monthly pet fee

Post: Builder/General Contractor for Townhomes/Multifamily

Vic ReddyPosted
  • Real Estate Agent
  • Dallas - Fort Worth, TX
  • Posts 89
  • Votes 33
We are looking for builder/General contractor to build townhomes and Multifamily projects in around Dallas metroplex. These are ~20 unit projects with site & Engg plans approved . Are there any builders with good experience in these residential properties? Any recommendations?

Post: Realtor or No Realtor?

Vic ReddyPosted
  • Real Estate Agent
  • Dallas - Fort Worth, TX
  • Posts 89
  • Votes 33
Do u have experience buying Multi-family properties? Are u familiar with the area and know the local rental market ? This where realtor can assist u and also help in negotiating the offer. They can also use standard realtor contract docs. Otherwise you will need an attorney to draft the contract. Even with standard contract docs, u might need an attorney depending on deal complexity In most cases it doesn't cost you to have a buyer realtor as Seller pays their commission

Post: Fence repair in Dallas

Vic ReddyPosted
  • Real Estate Agent
  • Dallas - Fort Worth, TX
  • Posts 89
  • Votes 33
Most lawn/landscape guys in Dallas also offer fence installation & repairs. For simple fence, it may work out better than a professional fence guys

Post: Purchase Prices in Dallas County

Vic ReddyPosted
  • Real Estate Agent
  • Dallas - Fort Worth, TX
  • Posts 89
  • Votes 33
Nate I can help you with MLS sold data. You must also look into other parameters like List vs Sold price, DOM (days on market) etc on sold properties to gauge going prices & market pulse PM me

Post: Commercial strip center divesting the ownership

Vic ReddyPosted
  • Real Estate Agent
  • Dallas - Fort Worth, TX
  • Posts 89
  • Votes 33
Yes, u can sell equity to other investors. First check with ur lender on the loan terms & conditions and how this can be done. Few questions - 1) Did u close this on LLC? 2) Full re-course loan?

Post: Where to get a RE agent license in Texas

Vic ReddyPosted
  • Real Estate Agent
  • Dallas - Fort Worth, TX
  • Posts 89
  • Votes 33
Thomas You can obtain TX RE license via online, self learning or attend in person classes. If it is convenient I would recommend live classes as you get to meet instructors, students and can network with others in the field I went to Champions RE school in Plano and they offer live, online or self paced classes. Kaplan also offers classes in DFW metroplex Good luck !!!

Post: Drinks on Aug 13th in Uptown Dallas?

Vic ReddyPosted
  • Real Estate Agent
  • Dallas - Fort Worth, TX
  • Posts 89
  • Votes 33
Hi I am interested in this Dallas BP meetup. Pls let me know about the next meeting @Nick Hughes @ Ronald

Post: Buyer broker for commercial real estate

Vic ReddyPosted
  • Real Estate Agent
  • Dallas - Fort Worth, TX
  • Posts 89
  • Votes 33

Commercial/Residential buyers are entitled to have their own agents. You should have disclosed to the listing broker that you have an agent during your first contact. Listing brokers hate this scenario where Buyer's agents are bought into transaction at a later stage. 

Generally the communication is between listing and buyer's agents. Seller/Buyer only communicate to their respective agents unless absolutely required and never bypass the agents.

In this case, the listing agent might have  assumed they are representing both sides and are going to be paid dual commission. Listing agents pay Buyer's agent for procuring the client but in this case you saw their listing on Loopnet and their advertisement/marketing procured the buyer.