All Forum Posts by: Ryan D

I am a first time buyer with 2 general questions. The house for it's age (built in 1915) is in great shape but needs a couple things: 1. Roof vents. 2. The drain in the basement needs replaced. 3. Everywhere has been rewired except for the 3 bedrooms & bathroom upstairs where there is still knob & tube wiring. Does anyone know roughly how much these things might cost? Just a ballpark estimate? Also, is the knob & tube upstairs something of serious concern?

Awesome thanks for the insight Wheatie!

I am a new investor about to buy my first property. I never signed a contract with an agent, but have been working with one for several months. Seeing as he is a "buyers" agent I was under the impression that he would split commissions with the sellers agent at closing. I am going over the sales contract and he is asking for a commission of 3% of the sales price from the seller. This is the first time he has talked about a specific number he will charge. Does this sound right? This will ultimately effect what I am able to purchase the property for right? This is my first property and I want to be sure he is not taking advantage of me.
Thanks!