Virtural Real Estate

Posted in: Real Estate Scams

As mentioned before, this is a RAD web site and the content is added to it on a daily basis. should a topic of interest is not listed that you would like to see added or if you have additional information on any of our topics please let us know


Desperate to sell?

Posted in: DESPERATE TO SELL

A lot of inquires as to "What are the pro's and cons about the "we buy ugly homes", "we sell your home", "Sell it fast" etc.

There are no "Pros". These companies will pay, at most,  50 cents on the dollar. If you really need to sell your home fast it is best to avoid these companies.

Here is a solid suggestion: (1) Avoid Realtors. The fees add up to thousands of dollars. The average home selling for $100,000 will cost the owner around $6000.00 (6% average).

(2) Hire a lawyer and make sure the lawyer is a Real Estate Lawyer. Also make sure the attornes does not charge you a comission but a flat rate. If the attorney is any good they will have experience and know what to charge. Avoid attorneys who will charge by the hour. Doing the paper work is not worth thousands of dollars. (3) Establish the selling price by going to your local court house and ask for a "real estate card". This is usually free of charge. Determine the selling price of other homes from the "real estate card" and price it below market value (remember you are looking for a quick sale). The attorney can recommend a title company. The title company will do the majority of paper work for a reasonable fee. Ask your attorney lots of questions.

(4) Use caution when showing your property. Any Real Estate site has good information you can use for a quick sale.

(5) Do not wate time on individuals who are "pre approved". Remember "pre-approved or pre-qualified means just that. They are approved to be approved only. Invest your time on someone who is approved.

Advertise in the  papers and on the internet. If you must use a realtor, do some background checking on the agent and the company. One of the best ways to determine a good realtor is to call their cell phone after hours. No answer no service. Keep this in mind, it is the buyer who will pay the realtor fee, not the seller (see who pays the fee's on this site.)


Difference betwee Real Estate companies

Posted in: Real Estate Scams

What's the difference between Remax and Century 21.

NOTHING

Any real estate company, large or small that carries a shared name like REmax for example is just an individual brokerage that is using the Name for exposure. The public is suppose to believe that they are a huge group of people working together.


Who pays the commission

Posted in: WHO PAY THE COMMISSION

Twisted logic

Who pays the comission on a Real Estate transaction.

99.9 % of people will say the seller pays the comission. NOT SO.