All Forum Posts by: Berny Petersen

Hi Paul - I'm an investor and real estate agent - in Dunwoody for 25 years. I can help you with referrals on some of those items, and can also help with the listing process if needed. Happy to just answer any questions or help as I can!

I think the difference is primary residence vs. investment property: 

If they live in the house for the 2 years they will qualify for a tax-free sale to use the proceeds as they like. My understanding of 1031 Exchanges pertains to investment property - non owner occupied.

Welcome! If you haven't already, check this out:

https://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing

Welcome! If you haven't done so already, start here:

https://www.biggerpockets.com/courses/a-beginners-...

Welcome! If you haven't done so already, start here:

https://www.biggerpockets.com/courses/a-beginners-...

Yes, Zestimates are worthless. As an agent in the Atlanta market I have to overcome this on a regular basis since Zillow is where most consumers start to shop. The numbers are usually off by tens of thousands or more...

Why didn't you move on to another investor before time ran out? You said several were interested, and if you had real CMAs and other info to verify the deal wouldn't it be snapped up in a hurry? 

WELCOME! Analyze a bunch of deals, then go analyze some more! This will help educate you as you go through the process, and will also help to narrow your criteria as patterns begin to emerge. I have a good friend who is an insurance pro in Jacksonville. If you need help in that area let me know!

WELCOME! Analyze a bunch of deals, then go analyze some more! This will help educate you as you go through the process, and will also help to narrow your criteria as patterns begin to emerge.

Sellers'  market or not, there will need to be a very low inventory of available property to make it worthwhile to skimp on commissions. It may seem like you are saving money, but in the end that is rarely the case.  Buyers agents simply won't show your property to their clients.

As stated above by

@Mindy Jensen

Now, all that said, an agent isn't required to show houses in any particular order, so your property that says "Buyer's must pay their agent's commission" may get moved down to the bottom of the list of showings.

@Shelley Alterman

You will need to pay the buyers agent a commission if they bring you the buyer. If it is too low they won't bother showing your home.

Welcome! If you haven't already, start here:

 https://www.biggerpockets.com/real-estate-investin...

The Ultimate Beginners Guide

Good luck!