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Can I get a commercial loan without 25% down?
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Can I get a commercial loan without 25% down?
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Which city?
Moving away from Columbus Ohio
If you haven’t signed a contract, you can use whoever you want to seek your current home. I’d consider renting it out and buying one where you’re wanting to move. Ideally go online and see who knows that market you’re looking into well so they can advise you best.
Subject Expert
Are you sure you would buy in the new city right away? It might be better to rent for a year and figure out what neighborhood you want to be in first. Then you can also use that year to source a new realtor.
If your current realtor is part of a larger real estate company, they may be able to refer you to a “sister” office in the new city too.
Yes for sure will be buying, moving closer to family.
I’m sure your realtor would appreciate the ability to refer you to someone in your buying city. They probably get a cut of the commission to do that. Negotiate your commission. Realtors are vastly overpaid. Most won’t complete more than one transaction all year. They are desperate for listings and buyers.
On the selling side you probably need to offer 2.5% to the buyers agent. How fast will your house sell? I would try to pay my agent 2% but I wouldn’t pay more than 2.5%.
On the buying side, are you going to need a lot of hand holding? Will the agent need to drive you around and show you 70 homes before you pick? On the last house I bought (2021) I got a 23% rebate of my agents commission. The seller paid 2.5% but I effectively reduced that to 1.9% and I took the difference. I was easy though so I think it was fair. They only showed me 6 houses before we bought one.
Look at Upnest to get bids from different agents. That’s how I got the rebate on my commission.
Another question - do I even need a buyers agent if my plan is to purchase land and work with a home builder directly to build a custom home?
Not if you find a FSBO property