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3 April 2024 | 3 replies
Currently in the phase of buying my first property and needed some clarification if I’m getting screwed or not I’m in Rome, Ga and that is where I’m purchasing the home it’s a flip that was a 3 bed 1 bath but has been flipped into a 4 bed 2 bath the asking price is $214,900 originally 230k but the seller wants a quick sell my agent told me we should give them the asking price and ask for them to pay 5k closing close I wanted to ask for 190k and same closing cost but agent said they wouldn’t take us serious so I agreed to agents terms as I’m signing paperwork electronically I see closing cost is 17k since seller is paying 5k brings it down too 12k but being in Georgia I am approved for Georgia dream which covers closing and some of down payment now when I sign at closing I have to pay 6k I’m wondering why is closing 17k my friend bought a property his closing cost was only 10k granted he bought his property for 189k but I feel like my agent isn’t really trying to get me a good deal should I back away from this property, find a new agent, go through with this purchase, or am I getting screwed in the process?
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6 April 2024 | 45 replies
There's a lot of people on social media that makes it sound like owning RE is a walk in the park.
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4 April 2024 | 8 replies
Smaller cabins benefit more from last minute plans than large cabins do.Someone just posted about social media presence and how that can boost your search placement.
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3 April 2024 | 5 replies
I'm not a lender, but that seems about right...here's the LLPA chart: https://singlefamily.fanniemae.com/media/9391/displayTodays vanilla 20% DP, OO SFR rate is what 6-6.25% maybe.
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2 April 2024 | 10 replies
In theory, there is no reason this settlement would have an effect on sellers, in fact if anything it should make it cheaper, I say in theory because the biggest outcome of this case is going to be the media coverage of the settlement, the truth is and this doesn’t make for a dramatic headline, there are 4-5 million home transactions a year, the vast vast majority were done on the mls with the agent’s splliting 5-6%.
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3 April 2024 | 18 replies
Hi Dasha,Very cool to see someone 16 years old on the BiggerPockets forum with an interest in professional life and investing time into their future rather than endlessly scrolling through social media videos!
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3 April 2024 | 6 replies
I've not come across a state personally that would allow Docusigned or scanned electronic copies of a deed.
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3 April 2024 | 15 replies
IMPORTANT:--Guest communications, including setting up your automated messages--Price adjustments (key into seasonal pricing and important events in your area)--Listing description and noting amenities--Guest reviews--Learning from experienced hosts with great reviews (you can do this on many social media sites, including the Facebook group, Short Term Rental, Long Term Wealth)UNIMPORTANT:--Watching your Ring Doorbell camera--Obsessing about minute details that other hosts are freaking out about--Being a control freak about ANYTHING related to this business.
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2 April 2024 | 43 replies
The social media platforms take down videos for far less....
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4 April 2024 | 42 replies
Standard of Practice 1-2The duties imposed by the Code of Ethics encompass all real estate-related activities and transactions whether conducted in person, electronically, or through any other means.The duties the Code of Ethics imposes are applicable whether REALTORS® are acting as agents or in legally recognized non-agency capacities except that any duty imposed exclusively on agents by law or regulation shall not be imposed by this Code of Ethics on REALTORS® acting in non-agency capacities.As used in this Code of Ethics, “client” means the person(s) or entity(ies) with whom a REALTOR® or a REALTOR®’s firm has an agency or legally recognized non-agency relationship; “customer” means a party to a real estate transaction who receives information, services, or benefits but has no contractual relationship with the REALTOR® or the REALTOR®’s firm; “prospect” means a purchaser, seller, tenant, or landlord who is not subject to a representation relationship with the REALTOR® or REALTOR®’s firm; “agent” means a real estate licensee (including brokers and sales associates) acting in an agency relationship as defined by state law or regulation; and “broker” means a real estate licensee (including brokers and sales associates) acting as an agent or in a legally recognized non-agency capacity.