Real Estate

from the Peter Serafinowicz Show Christmas Special

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http://inflation.us/

After doing research on Loan Modification Default Rates and Shadow Inventory Rates i am in shock. This is very serious people. I feel very bad for all the responsible people who have been paying on their loans like clockwork hoping to use equity to subsidize their retirement. Can anyone say “poof”

Links
http://www.mgic.com/servicing/hamp_gse.html

http://mhanson.com/archives/242

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I had this on my harddrive for a long time and I forget what it’s from?

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Ok, so I know I am…I’m the one who broke it. The thing is, it is a flowery pattern glass. I broke the small window pane, at the bottom. There is a larger one above it, still perfectly fine. By law I have to fit safety glass in, and it doesn’t come in the old original pattern. The realestate said I’d have to pay to fit new glass for the unbroken top piece as well, so they both match.
Does that seem right?

Yes, you want the door to look decent.

You may be able to have a piece crafted, do not assume you need tempered glass, you usually do not on a framed door. If you are within 5 feet of stairs, yes, but otherwise check.

I am considering this career, however, it will be totally new experience for me. I just don’t know which field to start my training in, I want a field which can have longevity.

Broker, sales people work for you !
You get a percentage of their sales.

Ok so heres the story. about a month ago i found this house i absolutely love and when i went to get info on it and possibly put an offer on it i was told it went in to escrow and it was very rare for peoples loans to fall thru at that point and have the house open back up so my realestate agent basically told me that house was hopeless and keep moving. the house also went "inactive" on the website i found it on.
so kept looking for a house and nothing has compared.

but just a few minutes ago i was sent an email saying one of my saved home listings had been updated. i looked to see what home.. and there i was the house that was hopeless to get.
i researched it on another website and there it was….
im trying real hard not get my hopes up.

do you think the home is actually for sell again?
this seems to be a sign that this is supposed to be MY home

also me and my boyfriend make about 3000 dollars a month and dont have much debt do you think we can afford a 88 thousand dollar house? we both have pretty good credit scores also

i sure hope this isnt some sort of glich and my house is really gone.

There may have been family problems too so that the house couldn’t be sold until all the heirs agree. All I can tell you about buying a house, is that you don’t want to get too enthused so that you inspect it very very carefully and be sure it is worth the $. Have all the right inspections done and look for damage and check out the neighborhood. $3000 is not a lot of money when it comes to home ownership. They cost a lot and there are always repairs and some can be extremely expensive. Be sure you don’t get in the mess so many others are and buy something you really can’t afford. Anything can go wrong in your life like lose your job, have health problems, bad car wreck and then there is the weather problems like hail damage, tornadoes and hurricanes and all of that. Be sure you have enough $ to tide you over a pretty good time . . .like six months saved up and then a good savings account for when the house needs fixing, and then a tidy down payment. Without all of that, don’t buy a house. Nothing is worse in a relationship than to be short of money so that you have to constantly worry about how you are going to pay the bills and then you want to have enough to have some fun and you need to be saving on a regular basis. Plus you are moving in with no commitment from your bf. What happens if you break up? Protect yourself very carefully. . .always. . . .Good luck!

how do i go about doing it.PLEASE HELP

You haven’t given us alot of information on what style of investing or ownership your interested in.

You could go with buying multi-family properties and landlording to obtain some valuable experience in that arena. That could be done with zero money down if you decided to also live in one of the apartments. This would allow you to build equity and cash flow to move onto larger projects.

There are many other ways to be an investor, this was just one example.

http://www.realestate.com.au/directory/rental_properties/wa/perth_city_region.html

www.domain.com.au/real-estate/rent/wa/perth+region/7.html

www.myhome.com.au/rent/wa/perth

www.rentfind.com.au/

www.aussiemove.com/rental7.htm

www.property.com.au/cgi-bin/rsearch?o=def&t=ren&a=s&u=perth&s=wa&m=1&p=200

www.accessproperty.com.au

All of them are pretty good

we sent one e-mail stating that she could sign in our absense and that we would sign when we arrived. The lease in Jeff & Melissa’s XXXX name and we are not sure as to what it was signed like. We have not received a copy
Thank you all for your help I will see what happens

Technically, you would have had to sign a power of attorney for the real estate agent to sign for you. Sending an email would not qualify legally.

With that said, as long as you do want the property, whenever you return, you can sign the papers yourself and keep the deal. The real estate agent’s signature would be enough to hold the deal until you are back.

If you are trying to back out of the deal, you have a legal issue without the POA, but on the other hand, your agent has your email stating you told her to sign in your behalf. Now it becomes an issue for the court with her agent’s fees involved.

Best of luck and I hope this is useful to you

do realestate have anything to doo with make…4 example..the person thats selling the house do they have to deal with math?

no, you don’t really need to know that much math. you will have to MEMORIZE things such as how many feet are in a mile, but only for the real estate exam.

marketing real estate SHOULD involve you really and truly wanting to help PEOPLE. some of that will require you to learn a few little math tricks, but you just buy a calculator and have the mortgage broker that you like, who is reputable and caring also, give you a little card that will give you applicable rates, so it’s easy to figure out the principal and interest charges on a mortgage per month. it is so easy!

as for comparables: the computer does all the work. you have to get to know the BUSINESS of selling real estate, which has everything to do with people skills and high ethics. your business will be easy if you attain a good reputation immediately. your clients will send you clients (ask them to), and so on. then you do not always have to search for new business.

the real estate field is only this: service, service, service for people, people, people, who want location, location, location. that is all it is. the better you understand that, the better you will be in the business. if you need to understand math for some client’s question, you tell him you don’t know the answer right then and there, but will be happy to call him immediately after you talk to your manager. the broker manager where you work will show you how to calculate whatever figure he wants. then you call him, that same day, with what you promised you’d get for him. that is called SERVICE.

ethics come into play because the most important thing for you to do as an agent is to act as an AGENT (look that word up in a few dictionaries). that means that you always put the interests of your client ahead of your own. you protect your client, who is sometimes a seller and sometimes a buyer, and occasionally (this one can be tough) a dual agent for both parties. you get help from your managing broker in such a situation and handle it carefully. remember: it is the client that counts. you will count soon enough, when you close the deal, but before then, all that counts is your service to your client.

i wish you all the luck i can! this is a very stressful business. you never know from one year to the next how you will continue to live. some years are lean, some are fatty. save money from those that are fatty!