All Forum Posts by: Nick Rutkowski

Can the buyers buy you and your partner dinner for the inconvenience?

Spending 10 grand on plumbing I had to rip out and the plumber only did half the job. Needless to say I needed it done but next time I’ll know better.

Be careful not to overpay. High taxes, mortgage, and insurance will kill your bottom line. If you can get this house for pennies on the dollar then the lack of appreciation shouldn't be a concern.

What is your strategy? Are you going to live in and flip or are you going to hire a crew to rehab it? Are you buying all cash or financing?

Maybe Zillow wants to be the next Blackstone Group. Good for them, they should have done this years ago. Bad for you flippers, now you’re out gunned on all fronts: advertising, popularity, and billions of dollars.

@Seth Nadreau My appraiser must be doing the wrong job I guess!  Where I'm from we use tax assessments too. Lots of inter-family transactions. 

@Matthew Paul I'm happy to hear you are able to do the transaction side on your own. There's nothing like saving thousands of dollars not using an agent. That's unfortunate your only difficult time was with an agent. What was the issue with working with them? 

As long as you don’t OVERPRICE your house, you should be okay. In my experience, FSBO list their house way too high- remember people looking on Zillow, Truila, social, etc. to compare house prices. If you price your house at 350k and everyone else is pricing it at 300k, then no one will walk through the door. Best way to avoid this problem is to get comps off of Zillow from the past 30-90 days. (For you people with Agent friends ask for ‘sold listings’) Bank appraisals are nice, market comps are better. Aside from overpricing, availability is the FSBOs next issue. Especially in a seller’s market where a lot of buyers will want to come and check out your house. Clear your schedule for the next month, you’ll be showing your house. As a side note, have qualifying questions to ask these buyers. You’ll have a lot of people coming over to waste your time. Filter out the wannabes and the “just looking”, they can waste their time elsewhere. Don’t get frustrated with these people, it’s part of the job. If you can manage all of this and have someone put an offer on your house, you are a superstar. You definitely don’t need an agent. You need a secretary! Paperwork, deadlines, and coordination. Can you get everything in accordingly and correctly? Don’t screw this part up or you’ll most likely lose your deal. Your attorney’s paralegal will be your biggest asset. After all this is done, you’re now at the closing table. Congrats on selling your house. YOU DID IT!!!! Be proud, most people give up and go with an agent.

6 or 7% depending on where you live. Half will go to the listing brokerage the other half will go to the buying brokerage. The buyer of the property pays the brokers and you’ll have to give them the 6-7% as part of the deal.

Yeah man! Congrats on your accomplishment!