Anonymous wrote:

Anonymous wrote:SFHs are going to be in huge demand. I am seeing a crazy demand of SFH basement for rentals. Apparently, a lot of people don't want to live in high density apartments any longer.

What? Who wants to live in a basement during lockdown? Could you please elaborate?

SFHs have yards, so there's that?

FYI, I'm seeing about 115 SFH in Coming Soon status in Fairfax County.

Sorry

You don't give anyone money upfront. You can check his license status including expiration on state websites. E.g. Virginia: http://www.dpor.virginia.gov/LicenseLookup/

Ever since my guy started locking at 2.875% yesterday he's been much less responsive to my new clients...

Lowest I'm getting my clients is 3% on a 30 yr fixed. 2.875% with a buy down.

My buyer is going 30 year fixed @ 2.875% w/ 0 points on a jumbo by temporarily bringing over funds.

Otherwise 3.125% with 0 points is doable. Not sure if it's at 3% with zero points yet but I didn't check Friday.

Anonymous wrote:We found a house and want to make an offer.

Used Redfin last time and it was okay but not great. Have a realtor that a friend recommended. Can we negotiate something with the agent? Anyone have experience with this?

It’s not like she would have to go around and show us tons of properties. We just need her to get the offer ready and deal with the seller’s agent.

What would be reasonable? 2%?

Pretty easy: "Hi X, I've toured 1234 Main St and I'd like to put in an offer at $X. Would you be willing to represent me on this transaction for a Y% rebate?"

I've done this arrangement for a few buyers. In a competitive environment you'll still want to find an agent that's got a decent reputation among other agents. The offer has to be presented well. If you're offering well over list price and waiving contingencies then it matters less.

You could use one of those iBuyers (instant buyers) if what you're looking for is a sure thing. You'll get less money on your home sale but you won't have to risk losing out on the house you want to buy. You can basically look like a cash buyer but take out a mortgage.

It's the right idea but consumers generally aren't prepared for it. Yet.

repost

Anonymous wrote:when we try again due to the work they did this time around, for which they won't be compensated due to taking our home off the market.

They're going to list your house for free? Go for it! Just get the price right.

Anonymous wrote:If you watch million dollar listing, those agents take your call 24/7

Give me 3% on $5mil and you can do whatever you want with me!

A. Low Cost:
If it's as hot as you say, I'd do the following:

i. Pre-Market: Send out letters to neighbors that you're selling so they can tell their circles; List on Zillow as MMM (ignore the agents). You could pay 0% commission.

ii. Active: List on MLS Flat Fee: http://www.dcurbanmom.com/jforum/posts/list/475296.page#7298461

B. Mid

i. Limited Services/Flat-fee agent. I usually perform services for friends and family at $5k. With a limited services like the one you described, it shouldn't be a problem getting an agent to ink the deal.

C. "High"

i. 1% flat fee
RedFin - I like them, but they're discriminated against. There are plenty of others.

67 Homes•$960k-$1.5M, contingent, pending, sold

https://www.redfin.com/city/21534/MD/Bethesda/filter/sort=lo-price,min-price=960k,max-price=1.5M,include=sold-3mo,status=contingent+pending

I really like Asian-American Homeownership Counseling. (You don't have to be Asian.)

It's a non profit and the founder cares A LOT about buyers and knows more than most agents and lenders do about available programs.

http://www.aa-hc.org/