Posted by Paul Sian on Thursday, November 21, 2019 at 7:00 AMBy Paul Sian / November 21, 20192 Comments
Should You Buy A House Directly From The Listing Agent?
Sometimes home buyers think they can get a better deal or get a leg up on the competition by dealing directly with the listing agent of the house. What ends up happening though is the buyer instead ends up overpaying and/or ends up getting a poor deal since they did not have anyone representing their best interests. The listing agent represents the seller and while it is possible for the listing agent to represent both parties in a transaction by doing so they have to be more neutral in a deal which results in no one really being represented at all. This article explores further why it is not a good idea for home buyers to go directly to the listing agent when trying to buy a home.
Representation
In the typical home buying transaction a seller will have their own agent and the buyer will have one as well. Each side being represented by their own agent then have their own best interests brought to the negotiating table. If a buyer’s agent happens to learn the seller is divorcing and needs to sell their home fast then that is something important that the buyer’s agent should share with the buyer. On the other hand if one agent is representing both the seller and the buyer they must take a more hands off approach and if that agent knew the seller was getting a divorce and that would factor into negotiations they would not be able to tell the buyer that.
Maybe the buyer believes they can represent themselves on their own without the need of an agent and use that as the reason for talking directly to the listing...
Posted by Paul Sian on Thursday, November 14, 2019 at 7:00 AMBy Paul Sian / November 14, 2019Comment
For this podcast about commercial lending I sat down with Angie Hoffman at U.S. Bank. During the podcast we discussed investing in real estate, commercial lending, and how commerceial mortgages can help investors. If you want to learn more about commercial loans this is a great pdocast for you.
I hope you enjoy the podcast and find it informative. Please consider sharing with those who also may benefit.
You can connect with Angie on LinkedIn. You can reach out to Angie for more information on their lending products by emailing her at angela.hoffman@usbank.com.
Posted by Paul Sian on Thursday, November 7, 2019 at 7:00 AMBy Paul Sian / November 7, 20192 Comments
Selling Your Home For Sale By Owner
Selling a home for sale by owner or FSBO means the homeowner is wanting to put their home on the market and try and find a buyer without the help of their own real estate agent. Homeowners may be willing to work with an agent who brings a buyer or they may not instead preferring to work with a buyer who has no agent. Oftentimes buyers who come with their own agent may already have an agreement in place to pay their agent so the seller does not need to be concerned with paying a commission on their side. Whatever the reason may be for selling FBSO this article provides some tips and insights so homeowners can have a successful sale.
Preparation Is Important
Regardless of whether a homeowner is using a real estate agent or planning to sell for sale by owner getting a home properly prepared is critical. A majority of home buyers are looking for homes that are move in ready. A move in ready home is one where buyers don’t have to change carpet, don’t have to paint walls and may have to do as little cleaning as possible. The best way to have a move in ready home is to use neutral paints on all walls, install new carpet and refinish hardwood floors with a modern color stain. The instant buyers walk into the door of a home for sale is when they will start judging the quality of the home. If walls are painted in bright non-traditional colors or the paint is worn and faded buyers may not be interested in what the home truly offers.
