Anyone here work in real estate?

indyfrisco · Post by **indyfrisco** » Fri Feb 15, 2008 1:46 pm

For those of you who stayed in a Holiday Inn Express last night, you don't count.

I've got some questions about dealing with relocation companies. If anyone really knows this kind of shit, let me know. I'd like to have a PM conversation about a property I'm interested in.

PSUFAN · Post by **PSUFAN** » Fri Feb 15, 2008 2:33 pm

Word has it Y2K has "mover" on his resume. Tell your wife to secure her lingerie, though.

Scratch that, it might be a good time to get some Fresno moving help, as our boy likely has been subpoenaed:

http://news.bbc.co.uk/2/hi/africa/7246935.stm" onclick="window.open(this.href);return false;

Sharia is a fukkin' bitch, but it WILL find you.

Goober McTuber · Post by **Goober McTuber** » Fri Feb 15, 2008 2:37 pm

I thought Suncoast Sooner was in real estate. I’m sure it was one of those Sooners. It takes such a long time for my spreadsheet to load anymore.

Sirfindafold · Post by **Sirfindafold** » Fri Feb 15, 2008 2:38 pm

Goober McTuber wrote:I thought Suncoast Sooner was in real estate. I’m sure it was one of those Sooners. It takes such a long time for my spreadsheet to load anymore.

who gives a fuck?

Goober McTuber · Post by **Goober McTuber** » Fri Feb 15, 2008 2:50 pm

Sirfindafold wrote:
Goober McTuber wrote:I thought Suncoast Sooner was in real estate. I’m sure it was one of those Sooners. It takes such a long time for my spreadsheet to load anymore.
who gives a fuck?

Hmmm. Indy Frisco might.

You’re pretty fucking stupid.

indyfrisco · Post by **indyfrisco** » Fri Feb 15, 2008 3:39 pm

R-Jack wrote:No Holigay Inn.

What about Wiki readers? Dinsdale? Can they apply?

I've already got Dinspedia's 2 cents on the subject in a different forum. Looking for someone who is licensed or deals with this on a normal basis. My realtor is also the listing agent so there is somewhat a conflict of interest.

Goober McTuber · Post by **Goober McTuber** » Fri Feb 15, 2008 3:47 pm

IndyFrisco wrote:
R-wet-brained fucktard wrote:No Holigay Inn.

What about Wiki readers? Dinsdale? Can they apply?
I've already got Dinspedia's 2 cents on the subject in a different forum. Looking for someone who is licensed or deals with this on a normal basis. My realtor is also the listing agent so there is somewhat a conflict of interest.

Seems pretty simple to me. You cannot have that realtor representing you. And quite frankly, if I were considering a purchase of that magnitude I would not be represented by a realtor, I’d have an attorney experienced in real estate transactions. Just my 3 cents worth.

Dinsdale · Post by **Dinsdale** » Fri Feb 15, 2008 4:02 pm

Goober McTuber wrote:And quite frankly, if I were considering a purchase of that magnitude I would not be represented by a realtor, I’d have an attorney experienced in real estate transactions. Just my 3 cents worth.

Heaven forbid you use someone who spends all day every day dealing with real estate transactions, and has probably completed more transactions in the last year than the attorney has in his life.

As a purchaser, you lose nothing by having a realtor. The seller pays the fees. Duh.

And actually, my bestest buddy and former (and occasionally current) business partner is a real estate broker (I occasionally end up doing renovations on some of the properties). And he represents both sides of a deal quite frequently. And he's never been so much accused of any conflict of interset. That stuff goes on all day every day all across the country. 'Round these parts, if an agent represents both sides, and tries to strongarm someone into purchasing one of their own listings, the state board is on them like stink on shit, and once that license gets suspended, they don't give it back, ever.

If it's a friend of yours, IF, I doubt the conflict of interest is an issue. If you don't come up with any help here, I could probably talk an experienced agent into talking to you... probably for the low, low price of a jar of Brent's.

Goober McTuber · Post by **Goober McTuber** » Fri Feb 15, 2008 4:11 pm

Dinsdale wrote:
Goober McTuber wrote:And quite frankly, if I were considering a purchase of that magnitude I would not be represented by a realtor, I’d have an attorney experienced in real estate transactions. Just my 3 cents worth.

Heaven forbid you use someone who spends all day every day dealing with real estate transactions, and has probably completed more transactions in the last year than the attorney has in his life.

I said an attorney experienced in real estate transactions. This is a suggestion I got from the head of mortgage banking where I bank. But yes, I’m sure you know more about the business than he does, you tedious gasbag.

Dinsdale · Post by **Dinsdale** » Fri Feb 15, 2008 4:16 pm

Goober McTuber wrote: I said an attorney experienced in real estate transactions. This is a suggestion I got from the head of mortgage banking where I bank.

Oh. Do attorneys offer to take you to other properties of similar value so you can make an educated decision?

Do they have MLS access?

Do they have keys to lockboxes?

And they do all that free-of-charge, right?

An attorney will be quite adept at the legal papers, for certain. But there's another group of people who are trained and licensed to do that, along with many other aspects of real estate transactions...

they're called "realtors."

indyfrisco · Post by **indyfrisco** » Fri Feb 15, 2008 4:19 pm

Dins,

Yes, our agent is a family friend. She's fucking loaded, but this house is one of her big earners. She sells houses like this 3-4 times a year I would guess round these parts. One of my best friends just opened an agency, but, as Goobs said, a house of this magnitude, I'd rather have the person who has been selling homes for 30 years who I do not know as well vs. a friend that just opened his business this year. I hate not giving him the business as he would bank pretty good on it, but my dollar is more important to me than my dollar is to him.

In any case, my reltor is selling this house for the secodn time in 2 years so she's probably not going to give us too much issue on the lowball offer we plan to put down today. And us offering up nearly 100k in earnest should be enough to let the relo company know we're definitely interested in the property.

Sirfindafold · Post by **Sirfindafold** » Fri Feb 15, 2008 4:40 pm

Nothing like a good ol' fashioned cripple fight to start a Friday Morning.

Goober McTuber · Post by **Goober McTuber** » Fri Feb 15, 2008 5:18 pm

Dinsdale wrote:
Goober McTuber wrote: I said an attorney experienced in real estate transactions. This is a suggestion I got from the head of mortgage banking where I bank.

Oh. Do attorneys offer to take you to other properties of similar value so you can make an educated decision?

Do they have MLS access?

Do they have keys to lockboxes?

And they do all that free-of-charge, right?

An attorney will be quite adept at the legal papers, for certain. But there's another group of people who are trained and licensed to do that, along with many other aspects of real estate transactions...

they're called "realtors."

In case you haven't figured it out yet, corky, he's already settled on a house. In another forum, everyone but you agreed that it looked like an excellent value at Indy's desired price point. He's preparing to make an offer. You know, the legal papers. BTW, I have access to the basic data in the MLS.

Dinsdale · Post by **Dinsdale** » Fri Feb 15, 2008 5:29 pm

Goober McTuber wrote:BTW, I have access to the basic data in the MLS.

That's a state-to-state thing. Here, anyone can view a basic RMLS page. Only realtors and appraisers and other licensed folk can view the full listings, and those accounts are gaurded like Ft. Knox.

Felix · Post by **Felix** » Fri Feb 15, 2008 5:51 pm

Goober McTuber wrote: Seems pretty simple to me. You cannot have that realtor representing you.

huh? I could cite you numerous examples of dual representation by a real estate agent, but I would agree that it would be better to find another agent, because the property owner is the listing agents primary client.....

I’d have an attorney experienced in real estate transactions. Just my 3 cents worth.

attorneys know j-a-c-k shit about properties and values....they specialize in the law and that's it.....

Cuda · Post by **Cuda** » Fri Feb 15, 2008 5:53 pm

Goober McTuber wrote: BTW, I have access to the basic data in the MLS.

Not unless you're a realtor® you don't.

And Realtor.com does NOT qualify as a MLS of any kind

Felix · Post by **Felix** » Fri Feb 15, 2008 5:58 pm

Dinsdale wrote:
Goober McTuber wrote:BTW, I have access to the basic data in the MLS.

That's a state-to-state thing. Here, anyone can view a basic RMLS page. Only realtors and appraisers and other licensed folk can view the full listings, and those accounts are gaurded like Ft. Knox.

should I email you my login name and the password......

Dinsdale · Post by **Dinsdale** » Fri Feb 15, 2008 6:02 pm

Felix wrote:
should I email you my login name and the password......

To the Oregon RMLS?

Fire away... except I can look at anything I want there, which is meaningless because that's not really related to what I do... or not to my end of things, anyway.

But the folks I know.work with don't even let their buddies have their account info. That's like a really big deal here.

Cuda · Post by **Cuda** » Fri Feb 15, 2008 6:07 pm

Felix wrote:
Goober McTuber wrote: Seems pretty simple to me. You cannot have that realtor representing you.
huh? I could cite you numerous examples of dual representation by a real estate agent, but I would agree that it would be better to find another agent, because the property owner is the listing agents primary client.....

I’d have an attorney experienced in real estate transactions. Just my 3 cents worth.
attorneys know j-a-c-k shit about properties and values....they specialize in the law and that's it.....

Dual Agency is only legal in a couple of states these days.

There are three kinds of Agency predominantly in use today: Seller Agency, Buyer Agency and Transaction Broker. The Seller agent represents the seller and only the seller; the Buyer Agent represents the buyer and only the buyer; and the Transaction Broker only facilitates the transaction and doesn't specifically represent anybody.

From the Selling Agent's point of view, a buyer who comes to him or her and who isn't represented by a Buyer's Agent is called a CUSTOMER. From the buyer's point of view, being a CUSTOMER is just about the last fucking thing you want to be. Other than not lie to you, the Selling Agent owes no fucking obligation to your interests. Far better to be represented by a Buyer's Agent who DOES have an obligation to you. And it doesn't cost you a fucking dime because the selling agent offers a commission split to get other Realtors® to show his listings to their clients.

Dinsdale · Post by **Dinsdale** » Fri Feb 15, 2008 6:13 pm

Cuda wrote:Dual Agency is only legal in a couple of states these days.

I did not know this. My buddy ends up with double-enders on an occasion. It's a nice paycheck, but it's double the work, and often twice the pain in the ass, so not really some major financial boon.

Felix · Post by **Felix** » Fri Feb 15, 2008 6:18 pm

Cuda wrote:
Dual Agency is only legal in a couple of states these days.

well it apparently is legal where Indy is because he indicated the listing agent is also representing him.....

can you tell me which states it's illegal in.....

Far better to be represented by an agent who DOES have an obligation to you. And it doesn't cost you a fucking dime because the selling agent offers a commission split to get other Realtors® to show his listings to their clients.

after a quick FTFY, we agree....

Cuda · Post by **Cuda** » Fri Feb 15, 2008 7:01 pm

Dinsdale wrote:
Cuda wrote:Dual Agency is only legal in a couple of states these days.

I did not know this. My buddy ends up with double-enders on an occasion. It's a nice paycheck, but it's double the work, and often twice the pain in the ass, so not really some major financial boon.

That's not Dual Agency. Dual Agency is representing both parties interests equally- something that's nearly impossible to do (i.e. prove you've done) What he's probably doing is representing the seller & treating the buyer as a customer. Nothing unethical in that, but the buyer needs to know that his interests aren't being represented. It's also not that great a deal financially for the agent since it's pretty common to have a significantly reduced commission in that situation. (e.g. 3% instead of 6%) You usually make out better paying a buyer's agent 2.8% and keeping the 3.2% that's left over

Double-Ending a deal is usually where you sell your client's house and then represent them as a buyer's agent on their new house- and that IS a pretty deece paycheck.

Dinsdale · Post by **Dinsdale** » Fri Feb 15, 2008 7:08 pm

Cuda wrote:That's not Dual Agency. Dual Agency is representing both parties interests equally- something that's nearly impossible to do (i.e. prove you've done) What he's probably doing is representing the seller & treating the buyer as a customer.

Not my gig, so I don't care all that much, but I know he's had buyers that he's taken on, who end up buying his listings. I think here anyway, as long as he makes it clear he's the listing agent, it's not an issue.

I KNOW this has happened (I've been working on at least one of the houses at the time). And I KNOW he don't cut it down to no 3%, although I think the buyer ends up with one hell of a housewarming "gift" out of the deal.

Goober McTuber · Post by **Goober McTuber** » Fri Feb 15, 2008 7:11 pm

Dinsdale wrote:
Goober McTuber wrote:BTW, I have access to the basic data in the MLS.

That's a state-to-state thing. Here, anyone can view a basic RMLS page. Only realtors and appraisers and other licensed folk can view the full listings, and those accounts are gaurded like Ft. Knox.

Exactly. That's why I didn't claim to have access to the MLS, jsut some of the basic data (number of bedrooms, bathrooms square footage, etc.) When you get a chance, please explain it to Cooter.

Dinsdale · Post by **Dinsdale** » Fri Feb 15, 2008 7:15 pm

I don't think Coods needs any of this explained to him.

Goober McTuber · Post by **Goober McTuber** » Fri Feb 15, 2008 7:19 pm

Felix wrote:
Goober McTuber wrote: Seems pretty simple to me. You cannot have that realtor representing you.
huh? I could cite you numerous examples of dual representation by a real estate agent, but I would agree that it would be better to find another agent, because the property owner is the listing agents primary client.....

When I said cannot, I didn’t mean it in the legal sense. Just that it’s not a position I’d want to be in.

Felix wrote:
Goober McTuber wrote:I’d have an attorney experienced in real estate transactions. Just my 3 cents worth.
attorneys know j-a-c-k shit about properties and values....they specialize in the law and that's it.....

This whole discussion about the property Indy is looking at started in the Cooking Forum. The house was built like 6 years ago for $965,000, Indy’s talking about possibly being able to buy it for about two-thirds of that amount. He’s already consulted with his realtor buddy who’s coincidentally the listing agent. I believe it has been determined to be a very good value at that price. The only thing he has left to do is make the offer/do the paperwork

Goober McTuber · Post by **Goober McTuber** » Fri Feb 15, 2008 7:20 pm

Dinsdale wrote:I don't think Coods needs any of this explained to him.

Just the part about how I can see the basic data from the MLS. Not the full-blown MLS listing, but the basics.

Cuda · Post by **Cuda** » Fri Feb 15, 2008 7:21 pm

Clearly, Goobs has no fucking clue what a MLS actually is or what they're actually used for.

Biggie · Post by **Biggie** » Fri Feb 15, 2008 7:24 pm

Cuda wrote:Realtor.com

My legs are sticking through the loan docs
And my broker's gettin' laughed at

Cuda · Post by **Cuda** » Fri Feb 15, 2008 7:28 pm

Biggie wrote:
Cuda wrote:Realtor.com
My legs are sticking through the loan docs
And my broker's gettin' laughed at

RACK!

Say, Biggie...

How about you let me sell your house for you & find another one for you to buy?

You want a place with a deck that's not too high, right?

Dinsdale · Post by **Dinsdale** » Fri Feb 15, 2008 7:30 pm

OK, let's cut to the chase -- someone make a reference to Zillow, we'll all have a good laugh, and call it a day.

bbqjones · Post by **bbqjones** » Fri Feb 15, 2008 7:31 pm

what type of screws were used in the construction of the deck?

Goober McTuber · Post by **Goober McTuber** » Fri Feb 15, 2008 7:34 pm

Cuda wrote:Clearly, Goobs has no fucking clue what a MLS actually is or what they're actually used for.

True. I have no idea that the Multiple Listing Service is a database used by real estate brokers to share listing info with other real estate brokers that represent buyers.

Dinsdale · Post by **Dinsdale** » Fri Feb 15, 2008 7:35 pm

bbqjones wrote:what type of screws were used in the construction of the deck?

It's the midwest -- the butchers probably nailed it.

Cuda · Post by **Cuda** » Fri Feb 15, 2008 7:36 pm

Dinsdale wrote:OK, let's cut to the chase -- someone make a reference to Zillow, we'll all have a good laugh, and call it a day.

Let's just say that maybe some day zillow will accidentally get something correct- even if it's by accident.

Goober McTuber · Post by **Goober McTuber** » Fri Feb 15, 2008 7:37 pm

Dinsdale wrote:
bbqjones wrote:what type of screws were used in the construction of the deck?

It's the midwest -- the butchers probably nailed it.

Biggie lives in the Midwest? I thought he was in Denver.

Cuda · Post by **Cuda** » Fri Feb 15, 2008 7:38 pm

Goober McTuber wrote:
Cuda wrote:Clearly, Goobs has no fucking clue what a MLS actually is or what they're actually used for.
True. I have no idea that the Multiple Listing Service is a database used by real estate brokers to share listing info with other real estate brokers that represent buyers.

Yeah... you're clueless.

Dinsdale · Post by **Dinsdale** » Fri Feb 15, 2008 7:39 pm

Cuda wrote: Let's just say that maybe some day zillow will accidentally get something correct- even if it's by accident.

They should just list every house in every city at the exact same amount, like the US median home price. That might get the "broken clock twice a day" theory working.

Couldn't be any worse than what they offer now.

Goober McTuber · Post by **Goober McTuber** » Fri Feb 15, 2008 7:40 pm

Cuda wrote:
Goober McTuber wrote:
Cuda wrote:Clearly, Goobs has no fucking clue what a MLS actually is or what they're actually used for.
True. I have no idea that the Multiple Listing Service is a database used by real estate brokers to share listing info with other real estate brokers that represent buyers.
Yeah... you're clueless.

I’m sorry. I forgot what a poofter you are. You were probably referring to Major League Soccer.

Dinsdale · Post by **Dinsdale** » Fri Feb 15, 2008 7:43 pm

Goober McTuber wrote:Biggie lives in the Midwest? I thought he was in Denver.

Everything east of the Cascades/Sierra and west of the Appalachians is the midwest... tell me you knew?

There's 3 regions in the country -- East Coast, West Coast, and Who Gives A Fuck.