I own one home and am relocating. I would like to buy a distressed property at about 80% of its actual value (and have located two), but I want to minimize my monthly payments until my other house is rented out or sold (in a slow market) so that I am not stuck with two mortgages. Although I have been approved, the cost of two mortgages simultaneously will be too much for more than a few months.
looking at a home without a buying agent. does the seller give the listing agent ALL the commission or can a deal be done to give the listing agent only their 1/2 of the commission? although the seller pays this if the commission is less than there is more room to negotiate the total selling price down with the seller. (i know the seller and the listing agent!)
thanks for any advice
When you’re in the market to buy a home you should ask yourself if you want a new or existing home. If you want to buy a new home make sure to research the developer. If you’re buying an existing home you may face renovation costs.
My fiance and I are a very young couple (23) and are house shopping at the moment. We both have good jobs, so money isn’t going to be the issue.
The issue is we are new at this. I don’t want realtors to start asking us questions we don’t know the answer to. Will they ask our credit score? Things like that. Basically, what are questions a realtor is going to ask you if you’re interested in buying a house he/she is selling?
