Real Estate

This house i am looking at has 2 legal bedrooms and 2 illegal bedrooms. How are they able to list/do that? The basement windows are not legal. How much does it cost to make windows larger?
What if I would just add a walkout on the side of the basment wouldn’t that do it? I live in Oregon BTW! Thanks!
Oh the person who currently owns the home is a realtor. I find this strange that they would list it as illegal.

The realtor is advising prospective buyers that their financing arrangements (Banks or Mortgage Companies) may not qualify this home for the amount of money that is asked because the two bedrooms are not legal. Its’ the seller who has to bring house to code, not the buyer.

I know some people use:
www.craigslist.com
I dont know how much luck you will have though..

I have hear 1 month rent and 1/2 month rent.

A 1 month fee is the standard, because we are looking at a relatively modest payment as compared to the commission on the sale of a house. I once had a Realtor who charged only 1/2 month’s rent, but I had to pay for advertising and other fees. In the end this gal went out of business too.

I want to purchase a foreclosure but, I think if I use the realtor whose listing the property,they may accept my lower bid better if they get the full commission.

As Christin said it can be done but you should get your own agent. Which one of you do you think the agent is going to show loyality too first, the one that hired him or her or you?

I did ask this before, however your answer this time is almost as unhelpful as last time, so I wanted to ask again. Thanks

The majority that obtain a license never have a listing, that is why the national average is only one house a year. You need to count on having no income for at least a year unless you already have contacts

I have not signed any agreements with this agent.
Could I still buy that property with another agent? I have not signed any agreement with this realtor

You don’t have to use the agent who showed you the property. However, using a different agent is going to cause commission disputes. The agent who showed you the house has ‘procuring cause’ for introducing you to the property, and is now entitled to at least a portion of the commission, on that basis. In fairness to a different realtor, you should inform said different realtor that you initially viewed the property with another. The agents can work out any issues (if possible) amongst themselves. If the initial agent discovers that you are going to buy using another, the agent can quickly file a ‘lis pendens’ on the property to insure that he/she is paid. That would require the agent to be paid prior to or at closing.

As well, do NOT rely on the timeframe of 90 days provided by another respondent. That varies from state to state. In MY state, that period is one year.

AdrianTheRealtor Vlogs about a 1072 sq ft 2 bedroom 2 bath condo in downtown Port Coquitlam. Priced right at $329,900 laurie Mapes Mortgage advisor mentions payments and minimum down payment needed.

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Duration : 0:2:38

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In this Web video you will hear from a panel of experts specializing in Hawaii real estate related topics during the first in our series, The Hawaii Real Estate Roundtable.

You will get insights, advice and information from an escrow officer, from a loan officer, from a home insurance specialist, from a real estate broker and from a home inspector. In later series you will hear from additional experts who specialize in Hawaii real estate related topics.

Duration : 0:7:56

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If the listing price is reduced due to repairs, does the Realtor and Broker get commission from the final sale price, or from the listing price before the reduction due to repairs?

The realtor’s commission is normally based on the actual sale price, and not the listing price.

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Duration : 0:0:55

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