Real Estate

We own a half acre lot with two rental homes on them. They both run off the same sewer and same water utilities. They do have separate gas and electricity bills. They are no connected. One large house in the front and a small rental in the back. I would like to separate the property. The zoning in my area calls for one living unit for every half acre. We have had two on this property for over 20 years. Can I divide the property and sell a portion? Where do I go to find the information that I need?

I suspect if the zoning says 1 per 1/2 acre you are out of luck selling one off with less thatn that. But as Ace said call the zoning board. You will have a very expensive, in the thousands of dollars, bill for separating that sewer and water lines.

A couple of years back I tried to fight city hall on just such an issue, I lost.

Good luck

I need a break and new change I am working with reputed builder for 14 years but now I need change can I get job in mumbai or in Dubai?

since u r an experienced person, get the list of the reputed builders and send in your applications. addressed to proper persons and follow up personally.

A local realestate agency does not list any MLS listing on her site the PRMOTES ALL MLS listings that are listed by dicount brokerages. She is by far the biggest agency in my area, accounting for nearly half of all home sale listings. Some refer to it as a monopoly.

Since she promotes that her search engine on her site pulls up all MLS listings, could some one not seek a liability case? I know it is against the law for realtors to intentionally bypass FSBO listings, or dicounted brokerage listings. What is amazing is 95% of these sellers she bypasses in her system ARE OFFERING 3% to a selling agent. The other few are offering 2.5%.

I’m one of those excluded, despite being in the MLS and offering a commission. I had my brother call her agency about my home, they told him "it is not something you would be interested in, trust me!" They have never even seen it! Do I have a case?

This is an interesting question.

If she is advertising that she is allowing searches of all MLS properties and is screening out discount brokers and or lower commission offerings I would think that you could file a complaint against her with the MLS, local board of Realtors (if she is a Realtor), the state regulatory agency for agents/brokers for false advertising. You could contact the federal anti-trust attorney(s) they are always happy to look into real estate brokerages. By the way if they can turn up a antitrust case you get treble damages (if you can show that you were damaged).

Good luck

I am a newly licensed loan originator, and would like to view available property in the Chicago area, however my interest does not include the actual selling of realestate.

TO VEIW ALL THE DETAILS, YES YOU HAVE TO BE LICENSED AND THEN BECOME A MEMBER OF THE BOARD OF REALTORS. BUT YOU CAN FIND PUBLIC MLS SYSTEMS. YOU WONT BE ABLE TO SEE ALL THE INFO, BUT YOU CAN GET AN IDEA OF THE PROPERTY. LIKE FOR ME IN OKLAHOMA, NON-REALTORS CAN LOOK AT WWW.MLSGATEWAY.COM OR YOU CAN DO WHAT A LOT OF MY INVESTORS DO, FIND ONE REALTOR, TELL HIM/HER WHAT YOU ARE LOOKING FOR, AND HAVE THEM SEND YOU THE INFO EVERY DAY OR WEEK TO YOUR EMAIL ADDRESS. THAT WAY YOU CAN ALWAYS SEE WHATS NEW.

I have a dissability that keeps me from practicing my current accupation and I would like to make a good liveing still and belive I can succeed in realestaste if there really is a way with no money down help man tierd of dissability

You will not have to pay mortgage insurance if you break the loan up into an 80/20 piggy back loan. There are many ways to finance investment properties to 100% even with stated income. However you will have to have good credit scores and cash reserves of between 4-6 months (depending on the lender).

I really liked a home i saw on the market it has been on the market for over 8 months i offered more then the asking price they told us that the home is contingent.we were told that the home would be closed on the tenth but we still see the property listed as active on different web sites our realestate agent tried calling them again several times and they won’t answer his phone calls what actions can we take if any to find out whether or not the house was closed on?
yes they did tell us that they would present our offer .

We need much more information to determine what is going on.

What you have experienced is not necessarily fraud.

I cannot imagine a seller or the listing agent of a seller who is trying to sell their property, refusing to acknowledge a serious offer that can close escrow, especially where the offer is over the price that they are asking for the property.

However if the listing agent does not think that you can get financing, the listing agent will not want to take the property off the market and tie it up in escrow if it appears that you will not be able to get financing and be unable to close the escrow.

Also, even though youu said your offer was over the asking price there may have been other offers even higher than yours.

Even though the property had been on the market for eight months, the real estate market was very slow several months ago, but now in the area where I live, large numbers of buyers have recently come out from the shadows and many houses on the market now have multiple offers with offers over the list price.

Also, it is not clear to me what the sale was contingent upon.

By contingent, did you mean that your offer was a back up offer behind another offer that was scheduled to close on the tenth and the contingency was that if that transaction fell through yours would be placed in first position?

Or, if yours was a back up offer were there a number of back up offers? If so was your offer behind another back up offer?

Or did you mean that your offer was in first position to close on the tenth, but did not close?

Were you able to get financing? If not your offer would not have been accepted even if it was over the asking price.

In that case the property would still be on the market because the seller’s agent does not think that you can get financing and does not want to tie up the property in escrow if the listing agent for the seller thinks that you will not be able to close escrow because you will not be able to get financing.

Also where did you see the property advertised for sale?

You note that it was on a number of web sites. Many of the internet Web sites do not remove the property after it has been sold.

Part of the reason for this is that the moderators do not clean up the information of the site and the seller’s agent does not take tihe time to report the sale to all of the sites that they advertised the house on. There are many internet Web sites that advertise real estate. The listing agent may have the property advertised on 10 or more internet Web sites.

In many cases the agents have forgotten which sites they had the house advertised on and forget to notify the site when the house is sold.

I have found houses advertised for sale on the internet long after they had been sold because the listing agents forgot to notify the Web site that the house had been sold and to remove it from the site.

To find out whether the property was closed, the most reliable source is to visit The County Recorder’s Office in the County where the property is located.

Look up the property in what is known as the grantor/grantee index. The grantor is the seller and the grantee is the buyer.

There usually is an index that you can use to look up the name of the seller of the property in that index, if you have the correct address of the property.

Then look up the name of the seller in the grantor/grantee index to see if the seller has transferred the property.

If the seller has transferred the property you will find the record of the grant deed that the seller signed over to the buyer.

as real estate agent I need to have laptop(wireless) with me on meeting with new client out of office.what is the best option for laptop.

Whatever wireless service you have in your area and talking to people you know living there will be the best referral for that, is what will be most important. Also, as long as it has enouth memory for a program that you use for realestate and your book keeping that sort of thing. Dell is probably the best. if you are going to share files with your desktop you may not need as much memory for those programs, pictures take a lot of memory. So, Dell will design a unit just for your needs. They are great about that. They will try to sell more than you might need so really talk to other business people and see what their experience has been before you do anything. My first Gateway…first computer ever they sold me way more than I needed in programs so, I know they all do it. Just know what you want before you call and go for lots of storage and memory and speed/ Good luck.

I recently finished college with an associates degree, and currently I work at Amphenol in Sidney, For about 2yrs I have wanted to step into the realestate field and now I just need to know the best way to get started.

i took my test ( i have a high school education) i passed it first time..and have a license…i think you could get abrokers license but you should just ask dept or real estate in your state…i studied my test at home with a video tape ..i wathced it over and over and over again and when i wen to take my test…i knew 95% of the answers including the math..the way the tape was presented to me was.."if you watch a movie once..and someone askeds you ?"wahat did theat guy say about the bomb"? you might not remember..but if you saw the same movie about 20 times in a row.., you would be able to quote the actor..word for word! its all reptiton and that s how i got my license good luck on getting yours..then just join a real estate office and your in like flyn…

The use of an environmental disclosure report will generally protect you from any liability. More detailed information will most likely be state specific.

Read this article for more information:
http://realtytimes.com/rtapages/20060207_hazards.htm

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