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  1. #151
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    Quote Originally Posted by byates1 View Post
    https://www.zillow.com/homedetails/5...30014234_zpid/

    suoer quiet, old school land/development. 165 cash would take this. but somethings wrong

    the basemen it super clean, but the walls have a fresh coat of white paint on them, why?
    nice fireplace, in the garage?

  2. #152
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    my buddy who was a top producer in spite of having a grade 10 education told me 15 % of the agents write 80 % of the deals,

    from every house he sold after all expenses/dividing commision/ office fees/ advertising when all was said & done he netted about 1/8th of the commision ... not sure why he was talking fractions

    if they have no use RE agents would be not survive/would not exist

    but they do

    I think the idea that RE agents make RE transactions complicated as oposed to RE transactions being complicated all on their own is reaching for excuses
    Lee Lau - xxx-er is the laziest Asian canuck I know

  3. #153
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    Quote Originally Posted by neufox47 View Post
    My in-laws all live in or near Cabin John and based on what they paid and got, I can’t believe that house won’t move. There’s a (very) small chance I may relocate to the Bethesda area (puke). I’d buy that house in a heartbeat.
    Yeah we're straight down River Rd from Bethesda, like 20-couple minutes off rush times or ~45 during. We probably could've sold the house pretty easily for the zillow estimate, we were asking a bit more and stuck to our guns on the price, the house is worth it to the right person. DC suburbs in the upper brackets have been flat since Trump, pretty much. Too much uncertainty for people it seems.

  4. #154
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    Quote Originally Posted by oftpiste View Post
    Some of what you say is correct. Some is not. There will always be room for an expert in a real estate transaction. I've done hundreds of them. Most people only do it one or twice. I now how to do it and solve the inevitable issues that arise quickly and efficiently (which equals $) and they don't. It's a matter of experience. Commodify misconception is that we "find" properties and buyers for our listings. Truth is we solve the problems, and guide people through the ones that they don't know how to solve. That's what we get paid for. Any buffoon can input listing. Only certain buffoons can navigate the issues that invariably arise.
    I’m not saying you don’t have value. But do you solve issues worth 2% + of the transactions you do? I doubt it even approaches 1% on average. Could a real estate attorney or someone else not solve most of those on an as needed basis? In states like Mass the attorneys conduct the whole sale after offer acceptance for $1,500-$2500. How much more efficient could you be if you were brought in primarily for those problems and didn’t spend so much time walking clients through houses? If your value is solving problems why do you spend so many hours on finding listings and buyers?

    If buyers agents were paid by the buyer, how many buyers would hire agents? Not many.

    I’m not hating the player, but I do hate the game. I hope you sell the shit out of some expensive houses, but if I have the choice I’ll take my chances to save 6%.

  5. #155
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    I've recently listed a home in FL with a realtor. Thought I could sell FSBO but I didn't get much action.

    Realtors have connections that I don't. Especially in a place like FL.

    Quote Originally Posted by XXX-er View Post
    told me 15 % of the agents write 80 % of the deals,
    That's typical of most sales jobs.

    Quote Originally Posted by iceman View Post
    Yeah we're straight down River Rd from Bethesda, like 20-couple minutes off rush times or ~45 during. We probably could've sold the house pretty easily for the zillow estimate, we were asking a bit more and stuck to our guns on the price, the house is worth it to the right person. DC suburbs in the upper brackets have been flat since Trump, pretty much. Too much uncertainty for people it seems.
    Zestimate is a joke. My Zestimate was 870k ish when I listed it myself for 1.2m.

    I had a realtor list and its magically changed to 1.175m...

    I read somewhere that the CEO/Owner of Zillow had his own zestimate that was 40% below market.
    Last edited by Bobby Stainless; 08-29-2019 at 06:49 AM.
    "I don't pretend to have all the answers, and I think there's something to be said for that" -One For The Road

    Brain dead and made of money.

  6. #156
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    You absolutely have that choice, and I respect people who do it themselves. That said, many who choose to go without a broker in a transaction reflect later that they would have been well served by having one.

    The value of something is, of course, a matter of the perspective of the consumer. Is that new car "worth" $85,000? Well, maybe, or maybe not, but that's how much it costs. Is a lawyer "worth" $500 an hour? Dunno, but that's what a good one will cost you. Is that house "worth" a million $? I can guarantee you I care much more about you than the new car does.

    When I work with buyers I don't just 'find' or 'walk them through' places, I provide insight on what the pros and cons of those properties are, condition, repairs needed, even my thoughts on appropriateness for their circumstances. I know how to navigate the offer process to increase their likelihood of getting the best deal. With sellers I know how to maximize their net proceeds in a given market and navigate complex offer situations and equations.

    I don't offer these insights unless asked, and I usually am. I have those insights because I've helped so many people on both sides of the table with so many transactions. That's my value. Over the years I've probably had an equal-ish number of transactions where I earned very little by the hour, and others where I did very well. In any job sometimes things are easier than other times. You probably don't get paid less when you have an easy day vs. a hard one.

    I've never 'sold' anyone a house, but I have guided people into homes that they love. I'm best known among my buyer clients for talking people out of buying houses until the really right one comes along, and incredibly grateful that so many of my past clients are still my friends.

    So, yeah there's value there somewhere.

    Quote Originally Posted by neufox47 View Post
    I’m not saying you don’t have value. But do you solve issues worth 2% + of the transactions you do? I doubt it even approaches 1% on average. Could a real estate attorney or someone else not solve most of those on an as needed basis? In states like Mass the attorneys conduct the whole sale after offer acceptance for $1,500-$2500. How much more efficient could you be if you were brought in primarily for those problems and didn’t spend so much time walking clients through houses? If your value is solving problems why do you spend so many hours on finding listings and buyers?

    If buyers agents were paid by the buyer, how many buyers would hire agents? Not many.

    I’m not hating the player, but I do hate the game. I hope you sell the shit out of some expensive houses, but if I have the choice I’ll take my chances to save 6%.
    Quote Originally Posted by Foggy_Goggles View Post
    If I lived in WA, Oft would be my realtor. Seriously.

  7. #157
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    Legal Zoom made getting standard legal stuff done SOOOOOO much cheaper and easier. Again, STANDARD stuff barring major complications where you'd wanna lawyer up for sure.

    I don't see why the real estate world isn't about to get the tech treatment as well. So sure, lots of deals will still merit a good agent for. Sometimes there are lots of tricky waters to navigate. But for a routine sale, especially cash based, it ain't rocket science. Personally, my work has consisted lately of purchasing properties for my client. I have been doing the negotiations, the title work, drafting the deeds, the payments, everything from top to bottom. It's not that hard.

    The biggest value I see in having a good (keyword there) agent is having an advocate who will really go to bat for you. Not the "You should take this lousy low-ball offer so I can make a quick buck and move on" agent.

  8. #158
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    As I'm not getting anywhere and I really don't think you understand what makes a 'good' agent actually 'good', I'll just suggest you try to remember that there are plenty of people who don't have the time, skills, or inclination to do things the way you are. So there's that.

    Over and out!
    Quote Originally Posted by Foggy_Goggles View Post
    If I lived in WA, Oft would be my realtor. Seriously.

  9. #159
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    Quote Originally Posted by AustinFromSA View Post
    Legal Zoom made getting standard legal stuff done SOOOOOO much cheaper and easier. Again, STANDARD stuff barring major complications where you'd wanna lawyer up for sure.

    I don't see why the real estate world isn't about to get the tech treatment as well. So sure, lots of deals will still merit a good agent for. Sometimes there are lots of tricky waters to navigate. But for a routine sale, especially cash based, it ain't rocket science. Personally, my work has consisted lately of purchasing properties for my client. I have been doing the negotiations, the title work, drafting the deeds, the payments, everything from top to bottom. It's not that hard.

    The biggest value I see in having a good (keyword there) agent is having an advocate who will really go to bat for you. Not the "You should take this lousy low-ball offer so I can make a quick buck and move on" agent.
    Are you doing it for free or are you getting paid? If yer getting paid how much, so then aren't you in the RE business and why isnt the guy who is paying you doing it himself if its so easy ?

    It might be easy if you know how but its a lot of money and the biggest purchase most people who are not dentists will make in their life, so what if they make a misteak, I remember an agent reading the contract before signing and saying " we have to change that word on the subjects so you don't end up owning 2 properties, the one you are buying and the one you are selling "

    In my last life I always said i don't know why these losers are paying me to fix their HW but its always easier when you know how eh
    Last edited by XXX-er; 08-29-2019 at 02:04 PM.
    Lee Lau - xxx-er is the laziest Asian canuck I know

  10. #160
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    I'm like really wondering what cockpit rocket launchers options are running these days and if they come in colorways on the icestieger
    "When the child was a child it waited patiently for the first snow and it still does"- Van "The Man" Morrison
    "I find I have already had my reward, in the doing of the thing" - Buzz Holmstrom
    "THIS IS WHAT WE DO"-AML -ski on in eternal peace
    "I have posted in here but haven't read it carefully with my trusty PoliAsshat antenna on."-DipshitDanno

  11. #161
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    Quote Originally Posted by skifishbum View Post
    I'm like really wondering what cockpit rocket launchers options are running these days and if they come in colorways on the icestieger
    You looking to get out on the Strait of Hormuz with the new iceboat?
    "timberridge is terminally vapid" -- a fortune cookie in Yueyang

  12. #162
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    Bump!

    Let's talk Refi. What is a good threshold for when you would refinance? We are currently sitting at 4.5% from a cash out we did just a few years ago. Being offered 3.8% APR all in. Would lower monthly payment significantly, allowing us to pay off other higher interest debt (or buy toys like snowmobiles and hot tubs). Not looking to actually live in the house for 30 years, will probably sell in 5-10 anyway.

    Any advice? Seems like rates are close to rock bottom, but an impending recession could drive them lower. Who knows?

  13. #163
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    can't see why you wouldn't do it unless you can find a better deal somewhere else. why not save money?

  14. #164
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    Quote Originally Posted by ULLRismyco-pilot View Post
    Bump!

    Let's talk Refi. What is a good threshold for when you would refinance? We are currently sitting at 4.5% from a cash out we did just a few years ago. Being offered 3.8% APR all in. Would lower monthly payment significantly, allowing us to pay off other higher interest debt (or buy toys like snowmobiles and hot tubs). Not looking to actually live in the house for 30 years, will probably sell in 5-10 anyway.

    Any advice? Seems like rates are close to rock bottom, but an impending recession could drive them lower. Who knows?
    Way too complex to answer based on your data, but with a 5 year timeline minimum, it is likely to be worth it.

    Normally, the way to evaluate is to look at the payoff timeline, ie how much the refi costs, and how long it takes to make up for that difference via the lower payment. Then compare that to how long you expect to remain in the house.
    "fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
    "She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
    "everybody's got their hooks into you, fuck em....forge on motherfuckers, drag all those bitches across the goal line with you." - (not so) ill-advised strategy

  15. #165
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    Your re-amortization could increase total interest over the period so what Danno says. Also depends on tax implication. Can you deduct interest or not.

  16. #166
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    Quote Originally Posted by Danno View Post
    Way too complex to answer based on your data, but with a 5 year timeline minimum, it is likely to be worth it.

    Normally, the way to evaluate is to look at the payoff timeline, ie how much the refi costs, and how long it takes to make up for that difference via the lower payment. Then compare that to how long you expect to remain in the house.
    Yeah that’s what I was going off. Closing costs all it are around $2500. Those would be paid off in just over a year. Over the life of the loan, we will be paying significantly less in interest still. Did that math.

    We don’t write off interest anymore because of the increased standard deduction.

  17. #167
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    Quote Originally Posted by ULLRismyco-pilot View Post
    Bump!

    Let's talk Refi. What is a good threshold for when you would refinance? We are currently sitting at 4.5% from a cash out we did just a few years ago. Being offered 3.8% APR all in. Would lower monthly payment significantly, allowing us to pay off other higher interest debt (or buy toys like snowmobiles and hot tubs). Not looking to actually live in the house for 30 years, will probably sell in 5-10 anyway.

    Any advice? Seems like rates are close to rock bottom, but an impending recession could drive them lower. Who knows?
    I do home loans in CA. Depending on many factors a 3.75% to 3.875% rate today paid enough of credit back to you to result in a no cost loan. So if you are paying $2,500 in costs, maybe there is a better deal out there depending on the specifics. Did you shop on Zillow? I always beat those fucks, but they are a good place to start the shopping process Nationally.
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  18. #168
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    Quote Originally Posted by liv2ski View Post
    I do home loans in CA. Depending on many factors a 3.75% to 3.875% rate today paid enough of credit back to you to result in a no cost loan. So if you are paying $2,500 in costs, maybe there is a better deal out there depending on the specifics. Did you shop on Zillow? I always beat those fucks, but they are a good place to start the shopping process Nationally.
    I have a killer mortgage guy here in CO (got his name from Cruiser, thanks mang!), but one time when he was out of town and rates were bottoming, his coverage folks were lacking and I shopped on zillow (based on someone's recommendation here, maybe yours). I found an insanely good rate, one that my guy (when he got back into town) said he could only have beaten by a few hundred bucks that day and only that day, so I went ahead with the zillow quote (Northpointe Bank out of Michigan). The process was smooth and flawless.
    "fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
    "She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
    "everybody's got their hooks into you, fuck em....forge on motherfuckers, drag all those bitches across the goal line with you." - (not so) ill-advised strategy

  19. #169
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    Take a look at your current amortization schedule (where you are now in the payment process) against the proposed amortization schedule and look at the difference in principle payment amounts in the total payment. If your existing mortgage is old it might make a difference in your decision.

    Of course, if you're just looking to reduce cash going out each month it may not matter.
    Quote Originally Posted by Foggy_Goggles View Post
    If I lived in WA, Oft would be my realtor. Seriously.

  20. #170
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    Quote Originally Posted by oftpiste View Post
    Take a look at your current amortization schedule (where you are now in the payment process) against the proposed amortization schedule and look at the difference in principle payment amounts in the total payment. If your existing mortgage is old it might make a difference in your decision.

    Of course, if you're just looking to reduce cash going out each month it may not matter.
    Mortgage is only a few years old. We end up saving money over the long term with the refi. Savings will be realized in about a year, so I guess that it is worth it.

  21. #171
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    Quote Originally Posted by Danno View Post
    I have a killer mortgage guy here in CO (got his name from Cruiser, thanks mang!), but one time when he was out of town and rates were bottoming, his coverage folks were lacking and I shopped on zillow (based on someone's recommendation here, maybe yours). I found an insanely good rate, one that my guy (when he got back into town) said he could only have beaten by a few hundred bucks that day and only that day, so I went ahead with the zillow quote (Northpointe Bank out of Michigan). The process was smooth and flawless.

    I have another mortgage with Northpointe as well actually. Got it through my guy, who is trying to compete with the offer I got from the bank we are currently dealing with. They are OK. Maybe I'll check with them too.

  22. #172
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    Real Estate Question

    Take a look at your principal balance prior to your current young loan. And look at what you’re about to choke down. Do you want to keep financing dumb debt into your mortgage over and over - and recast the 360 months?

    Not pointed at you but:: If you can get savings on a rate n term, knock yourself out. If you’re spending beyond your means and having to roll debt in order to cash flow and meet your ends - maybe you’re doing it wrong. ‘Merica

  23. #173
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    Quote Originally Posted by CascadeLuke View Post
    Take a look at your principal balance prior to your current young loan. And look at what you’re about to choke down. Do you want to keep financing dumb debt into your mortgage over and over - and recast the 360 months?

    Not pointed at you but:: If you can get savings on a rate n term, knock yourself out. If you’re spending beyond your means and having to roll debt in order to cash flow and meet your ends - maybe you’re doing it wrong. ‘Merica
    Gotta finance those upscale skis!

  24. #174
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    Quote Originally Posted by alias_rice View Post
    Gotta finance those upscale skis!
    You know it. Wait, never..
    You’re in the loan biz. You know what’s up. I put 9 years in back in 2000s. Made a ton of commission of repeat debt magnets. Taught me a lot. When the rates dropped the smart cats were going to 15 yr loans with just a hair higher payment, cutting 10 yrs of payments off. Now that’s winning

  25. #175
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    ^^I did that and was down to 4 years left. Then there was a divorce. Now have a new 30 with 4x the loan amount. Fuck.
    Quote Originally Posted by Foggy_Goggles View Post
    If I lived in WA, Oft would be my realtor. Seriously.

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