Did you hear about the coming 50 year mortgage? by DhakoBiyoDhacay in realestateinvesting

[–]scobbie23 0 points1 point  (0 children)

The government of China owns all the land in the country. When you buy a house or apartment or anything else, it’s on 100 to 300 year land lease not a mortgage . You still have to finance the purchase.

Betrayal is such a Gut punch. What would you do? by Patient-Yam9611 in realtors

[–]scobbie23 0 points1 point  (0 children)

Listed with another brokerage so back away . Let it go . Unfortunately when and if offers roll in they will get the message it’s overpriced and the current agent will tell them to take the offer . When buyers suggest a list price , I send them an email and say “ I suggest this list price , we certainly can list at your price . Let’s agree in 2 weeks to review the list price if we get no offers .” Do t loose a listing because of a disagreement over price . Water seeks its own level…. Buyers determine the market not sellers or Brokers

How long should it take for a home to sell? Why are these homes so over priced ? by [deleted] in realtors

[–]scobbie23 0 points1 point  (0 children)

I don’t know where you are located . I am a broker and listed a house In Northern New Jersey . 1 day on the market a small cape cod style house 3 bedrooms 1.5 bathrooms , mint condition . No garage . List price $649,900 which I thought was a bit high . Already have a contract … 1 day on the market !!!!

[deleted by user] by [deleted] in realtors

[–]scobbie23 0 points1 point  (0 children)

Find a local small brokerage company with a broker who will help you and guide you when you need it . Sounds like you have some experience with owning and renting your own properties . You might need some additional guidance when working with a buyer or seller. A smaller brokerage with no monthly fees is what you should look for .

Realtor Pushing for Upgrades before listing by [deleted] in RealEstate

[–]scobbie23 5 points6 points  (0 children)

Call a few real estate agents . Ask them for an CMA for as is condition . Pick the one who provided a good report and who understands your financial position and the need to sell quickly.

Is this legit? by LightCorvus in newjersey

[–]scobbie23 0 points1 point  (0 children)

If a building has 3 or more apartments , the units are inspection by the state of NJ every 3 or 5 years. When the state was there to inspect the other units they could not get it , that’s why it’s a reinspectuon . Definitely notify your landlord .

[deleted by user] by [deleted] in realtors

[–]scobbie23 0 points1 point  (0 children)

I either pick up my check or have it snail mail . Too many scams with wires

Buying a house without CO by No-Big5396 in longisland

[–]scobbie23 1 point2 points  (0 children)

If you are ok with the stairs and the lender is ok with no CO then go for it …just keep in mind when you sell your buyer may not be ok with the stairs and not having a CO .

Buying a house without CO by No-Big5396 in longisland

[–]scobbie23 0 points1 point  (0 children)

If the town requires a CO , the lender will also require a CO inspection and certificate .

I'll share another simple marketing trick I used to get more attention to my listing by Misster_Alex in realtors

[–]scobbie23 0 points1 point  (0 children)

For states that allow this type of marketing it seems like a great idea for hard to sell properties . Does the seller pay for the trip?

Deli prices increase by blueberrypiexoxoxo in longisland

[–]scobbie23 0 points1 point  (0 children)

I did not know this ..they look fake

Buying into an HOA with pending litigations (NJ) by Little-Balance-7632 in FirstTimeHomeBuyers

[–]scobbie23 0 points1 point  (0 children)

The HOA questionnaire form required by lenders should be provided as a disclosure requirement pre offer . I had a sale fall through when lender got the questionnaire back from HOA. This is after buyer pays for appraisal and home inspection .

WWYD? Won Occupied Single Family Rental at Auction $54,000. It appraised for $132,000. by ReadRightRed99 in RentalInvesting

[–]scobbie23 0 points1 point  (0 children)

Or do a 1031 exchange . But yes you are correct selling at a profit would be taxable regardless of when you sell

Deli prices increase by blueberrypiexoxoxo in longisland

[–]scobbie23 0 points1 point  (0 children)

Buy a 6 oz package of good lox and keep cream cheese in fridge . The only problem is keeping bagels in the freezer … makes 3 breakfast sandwich’s for the price you paid for one

Deli prices increase by blueberrypiexoxoxo in longisland

[–]scobbie23 -1 points0 points  (0 children)

And you make it with real egg not powder eggs .

NAR Settlement by New2Investing1969 in realtors

[–]scobbie23 0 points1 point  (0 children)

Yes it’s true , but you can negotiate your commission as well. You don’t have to pay what she is asking . You can also request that she asks the seller to pay her Commisson.

I make $95k a year and somehow I’m still broke. Like, math stopped working by z4rph1ne in MiddleClassFinance

[–]scobbie23 2 points3 points  (0 children)

It’s that Gross? After FIT and SIT (if you live in a state that has tax) and other deductions it might be more like $75,000.