Sure. Although your concerns are also correct.
It's all negotiable.
But if the seller wants an agent--a listing agent--then the agent has to agree to the commission rate.
In the case of a FSBO--again, yes. And, in fact, some FSBOs refuse to pay any commission to a buyer's agent, even one who brings a buyer who wants to buy. In that case, there's an in-effect buyer's agreement that the buyer signed with his/her agent that should cover that eventuality.
However, as a practical matter, if an agent contacts a FSBO and has a potential buyer, many FSBOs will agree to compensate the agent, at least in part.
There aren't any regulations that determine what a seller can or can't do. However, there are some regulations that limit what an agent can or can't do. For example, agents can't accept "net" listings. Example: The seller says: "All I want for my house is $200,000. If you can get more, great. You keep whatever you can get above $200,000." That's a net listing--the seller is requiring a net of $200,000, and is allowing the rest to go to the agent.
There are also a whole slew of regulations and ethical considerations that could arise.
Hope that helps.... more
It is going to depend on the type of financing and how the appraiser looks at the heating. I had a condo where the previous owner removed the base board heaters. The first buyer was FHA and the appraiser didn't notice there was no heater. That buyer installed plug in heaters from Home Depot that looked like base board heaters. When the buyer decided to sell later the appraiser had no issue with the plug in base board heaters. I thought they got lucky.... more
If you have not already done so, begin your search by finding a great agent to help you. You can work with a full commission agent or a discount agent, like me, and get a sizeable, tax free rebate to use in closing costs or moving and repair charges for your home. So start first with an agent. Second, get a loan preapproval from a major bank as this will help demonstrate to the seller that you can and will purchase the home once in contract.
As for housing availability, we have had and continue to have housing shortages in almost all cities, so buyers are still fiercely competing for homes. The competition may have lessened, but the pricing continues to be more than the listing price in some of the more desired school districts and neighborhoods. If your search has been only in Palo Alto and Mountain View, in your price range, I would also consider Sunnyvale, parts of West San Jose and Cupertino as areas that fit your stated housing needs.
Why not give me a call in the morning and we can look at homes that might serve well as your next address!
Allison James Estates
Tel 408-426-1616... more
I know you don't want to hear from an agent. Please keep in mind, that what is important to you in your decision process may not be from others.
I would suggest you interview several agents along with talking with friends, family, coworkers, etc. One should rise to the top which you will value.
All the best in your home buying process.... more
hi, the home was sold for around $100k below the original list price...let me know how I can help you with your home buying needs
$$$ BUYER CASH REBATE 50%-60% / SELLER DISCOUNT 50% $$$
See "ACTIVE" listings for sale in real-time in Palo Alto
See "ACTIVE" listings for sale in real-time from San Francisco to San Jose
Flavio Tejada, Owner/Broker, Realtor, MBA-Finance
(415) 305-2958... more
It is tenant occupied and makes showing difficult. It is currently being used as a duplex. The seller probably believed a duplex would be worth more than a single family in the area. Buyer's looking for a 5 bedroom home would need to factor in the cost to convert back into a single family home. With that the agent and seller is adjusting price to market conditions until a price attracts a buyer to write an offer.
Not all homes have garages. Sometimes the lot is just too narrow to drive a car to the back. I've seen this many times with homes with basements. A backyard garage but the window well for the basement prevents a car from accessing it. I don't know if that is the case with this home.... more
The home sold in June 2013 for over $4M. Elsewhere on the internet it is currently listed for rent at $12,000 per month. The advertisements seem to originate from Coldwell Banker.
Palo Alto home values can be viewed at
Top 2 agent nationwide at Keller Williams Realty, the nations largest
Over 20 years experience
Over 1,000 homes sold in Santa Clara County and San Mateo County
I am glad you always do your due diligence as a Buyer. Listing Agents usually reference the source of the Square Feet numbers, whether from the City or County, or Seller.
Of course there are laws and regulations that apply to deliberately deceptive advertising.
Please make an appointment with me to serve your Real Estate needs. My Clients always come first.
John Lauer, Realtor
Keller Williams - Palo Alto
650.387.6378 Cell... more
I'd be happy to help in your search. Give me a call when you have a chance...
Premier Century Real Estate Services
dre# 01373575... more
You may be able to get some general information in regard to your question in this forum. I do not think you would be wise, however, to make a decision based on the information obtained here in regard to the rules for dividing a lot and building a house in Palo Alto.
The City of Palo Alto Building Department is the place to get the correct information that you need. http://www.cityofpaloalto.org/gov/depts/pln/building/default.asp... more
You don't have to do a direct exchange to facilitate a 1031. You can use an intermediary company. There are rules if you are not familiar with 1031 and the intermediary facilitator can assist you with the time line. Is your house for sale yet?... more
Most of the contractors with whom I work do not actually take on side jobs with individual homeowners. They're running larger crews, and tend to keep busy enough working with all of us Realtors.
If you want a contractor who will work with a homeowner or with smaller jobs, you should try Angies List for references. They have one of the largest service databases in the area, and can provide you with detailed information about a contractor including references from past clients.
Good luck!... more
The market is still going up and should continue the upward trend for a while. In terms of buying or holding - it depends on your financial goals. Due to lack of inventory, I wish more people would be selling...... more
Contact agent's broker? file a complaint with the local realtor group (if the ganet was a realtor) However, without a written agreement you really have nothign unless the other party admits that whatever it is you claim is true. If your ex agent claims she never said anything like that, well, it's your word against hers so you aren't likely to get far.
Also, unless your agent was an owner broker, she has to pay a portion of that commission to her broker (ranging 10-50% of the comission she gets) So, it could be that she thought she would be able to give you 1.5% back, but her broker didn't agree with it, obviously she's not going to give you her own 1.5% since that's all she got.
Who knows really, you should try to talk to her, and contact her broker and explain your situation.... more
Just read an article on this today...It said that once rates start climbing over 5%, renting may become more affordable.. Until that point, rates are still relatively low and folks will continue to buy.... more
Our rental market is very difficult, with very limited choices and low vacancy. There is no central source for finding the information, so you need to search the web, especially sites such as Craigslist, Zillow, MLSListings and also check property management companies. Good luck. It will require patience and persistence.... more
Without knowing what you are talkingabout; I can state, unequivocally, maybe:
The estimates that Internet companies conjure is often mistifying.
A Realtor can do a CMA, which is usually very accurate.
An Appraiser can do an Appraisal for about $400.
Everything else is an opinion without much information or research.
If you're just curious; forget it for now.
If you're considering doing something; talk to a Realtor.... more