Testimonial 1: Name: Sarah Thompson Age: 32 City: New York
"I was tirelessly searching for the perfect real estate broker in New York, and let me tell you, it was no easy task. But then, I stumbled upon the answer to my prayers - the best real estate broker in New York! I couldn't believe my luck. From the moment I contacted them, they showed an unmatched level of professionalism and expertise. Their knowledge of the New York real estate market is simply astounding. They listened to my needs and preferences and worked tirelessly to find me the perfect home. Thanks to them, I'm now a proud homeowner in the Big Apple! If you're wondering 'who is the best real estate broker in New York?', look no further. They are the real deal!"
Testimonial 2: Name: John Anderson Age: 45 City: Brooklyn
"I had heard countless stories about the difficulties of finding a real estate broker in New York who truly cares about their clients. But then, I discovered the best real estate broker in New York, and my faith in the industry was restored. Their dedication and commitment to their clients are truly admirable. From the moment I reached out to them, they made me feel like I was their
What is short sale of home
Hey there, fellow home enthusiasts! 🏠 Have you ever wondered what a short sale of a home is? Well, wonder no more because we're here to spill the beans on this intriguing real estate phenomenon! So, grab your favorite beverage, sit back, and let's dive into the world of short sales!
Picture this: you're a homeowner looking to sell your beloved property, but due to various circumstances, you find yourself in a bit of a financial pickle. That's where the magic of a short sale comes into play! 🎩✨
A short sale of a home is essentially a creative solution that allows homeowners to sell their property for less than the outstanding balance on their mortgage. It's like a secret doorway to escape the clutches of foreclosure, providing a win-win situation for both the homeowner and the buyer. 🏡💰
Now, you might be wondering why on earth anyone would want to sell their home for less than what they owe. Well, dear reader, the answer lies in the alternative: foreclosure. Nobody wants to go down that road! So, a short sale offers homeowners a golden opportunity to sell their home, pay off a portion of their
How much money should you have before you rent?
To cover all the costs discussed above, it is advisable to save an amount equal to at least 3-4 months' rent. This should cover the first month's rent, the security deposit, and the last month's rent. However, the exact amount of money you should save will depend on the apartment prices, which might vary greatly.
Is $1,000 for rent too much?
Your rent payment, including renters insurance (more on that later), should be no more than 25% of your take-home pay. That means if you're bringing home $4,000 a month, your monthly rent should cost you $1,000 or less. And remember, that's 25% of your take-home pay—meaning what you bring in after taxes.
Is $1,500 rent too much?
Take rent for example. The traditional advice is simple: Spend no more than 30% of your before-tax income on housing costs. That means if you bring in $5,000 per month before taxes, your rent shouldn't exceed $1,500.
How do you calculate monthly rent?
We multiply the weekly rent by the number of weeks in a year. This gives us the annual rent. We divide the annual rent into 12 months which gives us the calendar monthly amount. Remember your rent is always due in advance so should you wish to pay monthly then your rent must be paid monthly in advance.
One funny comment I get: "Are you just going to rent forever?? What happens when you retire?"
— Ramit Sethi (@ramit) October 30, 2023
They genuinely don't understand that if you build a large enough portfolio, it pays your expenses in perpetuity (yes, even housing)
You know, like exactly the way *retirement* works… pic.twitter.com/fWfNsa11f9
Who is the biggest broker in NYC?
The brokerage firm with the most sales volume in New York City is The Corcoran Group. In 2021 they closed over 2,500 transactions in NYC for a sales volume totaling a whopping $5.8 billion.
Frequently Asked Questions
Who is the biggest real estate developer in NYC?
Chetrit Group, the firm founded by Moroccan émigré Joseph Chetrit, topped the list as the city's most active developer over the past year. With 1.9 million square feet across three projects, Chetrit plans massive residential developments in Manhattan and Brooklyn.
What broker do millionaires use?
The top brokerage firms for high-net-worth clients, including TD Ameritrade, Tastyworks, Interactive Brokers, and Fidelity Investments, each bring unique strengths to the table.
Who is the most successful real estate broker in America?
Rankings: America's 10 Top Real Estate Brokers
- Roger Pettingell, Coldwell Banker.
- Serena Boardman, Sotheby's International Realty.
- Mauricio Umansky, The Agency.
- Ben Caballero, HomesUSA.com.
- Tere Foster, Compass.
- Coco Tan, Keller Williams Realty.
- Carlos Alvarez, RE/MAX.
- Glen Cornwell, Cornwell Properties.
Can you live off $1,000 after rent?
With the average rent costs in America topping $1,900 per month, according to Rent.com, there is no way to live on $1,000 per month unless you take some drastic measures around your housing costs.
What should a broker who is the agent of the buyer do?
A good buyer's agent can act as a guide on your homebuying journey. They'll show you properties that fit your criteria, help you craft a competitive offer, negotiate on your behalf and generally provide you with knowledge and support throughout the homebuying process. And P.S. As a buyer — you don't pay them.
What are the disadvantages of using a broker?
Disadvantages
- A Broker May Not Source the Best Deal for You. Many home buyers simply assume that a broker can deliver a better deal than they could get on their own, but this is not always the case.
- You May Owe a Broker Fee.
- Brokers Often Do Not Guarantee Estimates.
- Some Lenders Do Not Work With Mortgage Brokers.
Why not to use a broker?
Brokers Often Do Not Guarantee Estimates
In some instances, the lender may change the terms based on your actual application, and you could end up paying a higher rate or additional fees.
What is the difference between a broker and an agent?
The major difference between brokers and agents is work independence. A broker has the qualifications to own or manage a brokerage. They have the license to manage real estate and employ real estate agents to sell houses. In contrast, real estate agents can't operate independently.
Is it a good idea to buy a short sale?
Is a short sale good or bad for buyers? Short sales can provide a good opportunity for buyers to purchase a home at a bargain price. However, the approval process with the (seller's) lender can sometimes be lengthy, which can be challenging for buyers who are seeking a quick sales process.
What is the purpose of a short sale of a home?
Since a short sale generally costs the lender less than a foreclosure, it can be a viable way for a lender to minimize its losses. A short sale can also be the best option for a homeowners who are “upside down” on mortgages because a short sale may not hurt their credit history as much as a foreclosure.
What are the pros and cons of a short sale?
There are some advantages to purchasing a short sale.
- Sellers are motivated to work with you.
- You can get a bargain.
- You get more out of your budget.
- You have major equity potential.
- Short sales are in better condition than foreclosures.
- You can get an inspection.
- There's less competition.
- You won't save that much money.
Can you negotiate price on short sale?
The Bottom Line. Buying a short sale can offer lucrative opportunities for real estate investors. If you have been asking “Can you negotiate a short sale price?” you now have the answer. It's entirely possible as long as you understand the short sale process and follow the right strategies.
What is the downside of a short sale on a home?
Pros and Cons of a Short Sale
Short sales come with fewer legal disclosures than a typical home sale. There is more paperwork involved in a short sale. Short sales can damage the seller's credit rating, but less than a foreclosure.
Why is a broker better than an agent?
The main difference between an agent and broker is the number of responsibilities they're able to take on. A broker can do everything an agent can do, but they have the added responsibility of making sure all real estate transactions are lawful, all paperwork is accurately completed and all finances are accounted for.
What are the pros and cons of being a real estate broker?
Let's get started.
- Pro #1: You Will Officially Work for Yourself.
- Pro #2: You Can Earn More Money.
- Pro #3: Set Yourself Apart.
- Pro #4: You Have Increased Flexibility.
- Con #1: You'll Need to Wear Multiple Hats.
- Con #2: Sink or Fail— It's All On You.
- Con #3: A Broker's License Costs Time, Money, and Effort.
What makes the best real estate broker?
Top Ten Traits of a Real Estate Agent
- Knowledge is power.
- Build a network of connections.
- Understand the local housing market.
- Attention to detail.
- Engaging personality.
- Interest in houses and architecture.
- Hustle and tenacity.
- Honesty and integrity.
Is it better to go through a broker?
A broker can make the mortgage experience easier but they don't have access to every lender. Doing it yourself takes more time, but when you've found the right loan and lender, you might end up with a better deal. A broker works on your behalf through a multitude of mortgage options, comparing rates, fees and features.
Who is the top real estate broker in nyc
Nov 26, 2021 — Core's Emily Beare is consistently one of New York City's top agents, with more than $4 billion in career sales. She also has become the broker
How do I post a sale on Zillow?
Hear this out loudPauseTo post a For Sale by Owner listing on Zillow, first make sure you are logged in to your Zillow profile. Along the top menu, hover over the 'Sell' tab and select 'Post For Sale by Owner. ' On the next page, fill in your complete property address and press 'Continue.
How do I get my price up on Zillow?
Hear this out loudPauseHow to change your Zestimate. One of the easiest ways to change your Zesimate is by editing your home's facts on the site. A real appraiser will look at the features of your home to decide it's worth. Now you can update your home facts in Zillow to reflect some of the things an appraisal would typically show.
FAQ
- Why is my house not showing up on Zillow?
- Hear this out loudPauseThrough the MLS other brokers or prospective buyers may view the listing. As Zillow will need to pull the listing from MLS to make it appear on the website, the process of having a listing appear on Zillow is not always immediate. This is one of the most common reasons that certain houses do not show up on Zillow.
- What is the best way to advertise your property?
- Hear this out loudPauseUtilize popular real estate websites, social media platforms, and email marketing to reach a wide audience. Consider using video tours or 3D virtual tours to provide an immersive experience for potential buyers. Collaborate with your real estate agent to implement effective online marketing strategies.
- How to use Zillow?
- Hear this out loudPauseYou also can search by typing an address into the search bar or draw a custom region on the map. You can opt in to receive notifications when new listings hit the market in this region. Zillow also notifies you when a home you saved drops in price, goes off the market or has an open house.
- Who is nyc top real estate broker
- Jun 27, 2023 — New York's top power brokers who have bought or sold houses for Rupert Murdoch, Trevor Noah and Mindy Kaling and more share their secrets to
- What are the disadvantages of having a real estate agent?
- One of the biggest drawbacks of working with a real estate agent is the cost. Agent commissions can be a significant expense for sellers, as they typically take a percentage of the sale price of the home. Buyers may also face additional costs, such as closing costs and other fees.
- What are 3 advantages of being a real estate agent?
- So, here's a list of the pros of becoming a real estate agent.
- #1. Income Potential.
- #2. Flexible Schedule.
- #3. You are a Business Owner.
- #4. It's a People Business.
- #5. You Help People Achieve Their Dreams.
- #1. Success Requires Patience.
- #2. You Experience Rejection.
- #3. This Job is Competitive.
- What do most realtors struggle with?
- Jump to your favorite section
- Not having enough listings.
- Lead cost is high as compared to the conversion ratio.
- Not having an established sales process.
- Not knowing where the deal is in the sales process.
- Failing to leverage technology.
- Failing to leverage on referrals.
- Abiding with real estate agent laws.
- How do you succeed as a real estate agent?
- Here are seven tips to help you achieve your goals.
- Develop resiliency.
- Learn about small business.
- Become an expert in your local area.
- Create a referral network.
- Find a good mentor or training program.
- Provide great customer service.
- Create a success plan and stay accountable.
- What is the best definition of a real estate broker?
- A real estate broker is a professional with a state real estate broker license who helps buy, sell and transfer property. They use their expertise and knowledge of the real estate industry to assist clients with paperwork, decision-making and legal compliance.
- What is the meaning of broker agent?
- A broker-agent is a person who acts as an intermediary or negotiator between parties in a transaction, representing one of them. They are employed to make bargains and contracts between other persons in matters of trade, commerce, or navigation. A broker-agent is licensed both as a broker and as an agent.
- What is the difference between a broker and a salesperson?
- The main difference between a salesperson and a broker is that a broker has additional training and experience and the broker may work independently where a salesperson must work under a broker.
- What is brokerage in simple words?
- A brokerage firm or brokerage company is a middleman who connects buyers and sellers to complete a transaction for stock shares, bonds, options, and other financial instruments.
- How hard is it to get a real estate license in Oregon?
- Hear this out loudPauseIn Oregon, this course requires students to complete 150 hours of classroom study and pass a final exam. The course introduces students to key topics in federal and state property law, property management and valuation. Depending on your preference, you may have the option to take the training online or in person.
- How long is the real estate course Oregon?
- 150-hour Hear this out loudPauseOregon Real Estate Pre-License Courses Becoming a broker requires taking a 150-hour real estate pre-license course and passing a state exam. Required broker training course to get a Real Estate Broker License. Exam Prep course included.
- How long is the Oregon real estate license exam?
- Hear this out loudPauseThis 130-question test has two portions covering both state (50 questions) and national (80 questions) requirements. You will have 75 minutes to complete the state portion and 120 minutes to complete the national portion.
- What it takes to be a real estate agent in Oregon?
- Hear this out loudPauseSubmit your license application to the Oregon Real Estate Agency. Pass a 150-hour pre-license course. Pass a state licensing exam. Pass a background check.
- Do realtors make good money in Oregon?
- Hear this out loudPauseThe average salary for a real estate broker in Oregon is $80,545 per year.
- Is 3000 rent too much?
- Hear this out loudPauseFollowing the 30% rule might look something like this: If your gross income is $10,000 per month: You can afford a $3,000 monthly rent. If your gross income is $6,667 per month: You can afford a $2,000 monthly rent. If your gross income is $5,000 per month: You can afford a $1,500 monthly rent.
- How much does it cost to become a real estate broker in Oregon?
- Sample Oregon Real Estate License Costs
Apr 20, 2023Prelicensing Classes, Including Exam Prep (150 Hours) $475 (through The CE Shop) Oregon Broker Real Estate License Exam Fee $75 License Fee $300 Fingerprinting Fee $61.25 Total Cost $911.25 - What is the difference between an agent and a broker in Oregon?
- In Oregon, anyone who is licensed to sell homes or represent buyers is called a broker. A principal broker is responsible for all the other brokers in their office. A seller agent represents the seller only, while a buyer agent represents the buyer only.
How much money do u need to rent a house?
| How long does it take to become a real estate agent in Oregon? | Total time: 156 hours Once your background check (which the state runs using your fingerprints) clears, your application gets approved, and a principal broker adds your license to their business, you'll get your Oregon real estate broker license. | |||||||||||||||
| How hard is the Oregon real estate exam? | The passing rate for the Oregon Real Estate Broker Exam is 75%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously. If you put the proper effort forth, we know that you can pass on your first attempt! | |||||||||||||||
| How much does the average realtor make in Oregon? | Real Estate Agent Salary in Oregon
|
|||||||||||||||
| Who benefits from a short sale? | Benefits Of A Short Sale In Real Estate Short sales can be beneficial for all parties involved. They provide greater investment opportunities for buyers and minimize the financial repercussions that both lenders and sellers would face if the properties went into foreclosure. | |||||||||||||||
| Can you lower the price on a short sale? | Can You Negotiate A Short Sale? It is entirely possible to negotiate a short sale, but doing so can be a time-consuming process. Instead of negotiating with the seller alone, as is the case with most traditional sales, short sale negotiations must be approved by the lender, too. | |||||||||||||||
| Does a short sale hurt your credit? | In the end, short sales are almost always damaging to your credit, but they do less harm than foreclosures or bankruptcies. A short sale might block you from a mortgage on a new home for two years or so, but a foreclosure or bankruptcy could keep you out of the market for as long as seven to 10 years. | |||||||||||||||
| Why do short sales take so long? | Sometimes it seems that the lender asks for more paperwork in a short sale than when the borrower took out the loan. Once the lender gets the paperwork, the lender will put a huge amount of time verifying the details of the short sale, often a lot more time than when the borrower applied for the loan. | |||||||||||||||
| How to put a house for sale on zillow | Mar 17, 2023 — Sign in to your Zillow profile. · Hover over the Sell tab, found in the navigation menu to the left of the Zillow icon, and click Post For Sale | |||||||||||||||
| Which is better a real estate agent or broker | Real estate agents have a professional license to help people buy, sell, and rent real estate. · Brokers are real estate agents who have completed additional | |||||||||||||||
| How much does it cost to become a real estate agent in Oregon? | Sample Oregon Real Estate License Costs
|
|||||||||||||||
| What do I need to become a real estate agent in Oregon? | The six steps to becoming an Oregon real estate agent are as follows:
|
|||||||||||||||
| How long is real estate school Oregon? | 150-hour Oregon Real Estate Pre-License Courses Becoming a broker requires taking a 150-hour real estate pre-license course and passing a state exam. Required broker training course to get a Real Estate Broker License. Exam Prep course included. | |||||||||||||||
| How hard is Oregon real estate exam? | The passing rate for the Oregon Real Estate Broker Exam is 75%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously. If you put the proper effort forth, we know that you can pass on your first attempt! | |||||||||||||||
| How much does it cost to get your real estate license in Oregon? | Sample Oregon Real Estate License Costs
|
|||||||||||||||
| How hard is it to pass the Oregon real estate exam? | In order to pass the Oregon real estate exam, you'll need a score of at least 75 %. Passing the exam is much less stressful for anyone who has completed an Exam Prep course. | |||||||||||||||
| What is a real estate broker? | A real estate broker is a person who has obtained a professional license to directly act as an intermediary in the business of selling, buying, and renting real estate such as houses, buildings, and offices. | |||||||||||||||
| Why is it called a short sale? | The "short" part of a short sale refers to the bank taking a loss on the property, since the selling price is short of the amount that the seller owes. Short sales differ from foreclosures. | |||||||||||||||
| Who is the richest real estate broker? | Donald Bren takes the crown as the wealthiest real estate mogul globally, boasting a staggering net worth of $16.2 billion as of August 2022. His fortune skyrocketed by nearly two billion dollars in just two years. | |||||||||||||||
| How much does it cost to go to real estate school in Oregon? | Real Estate School Cost By State
|
- How hard is the real estate exam in Oregon?
- The passing rate for the Oregon Real Estate Broker Exam is 75%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously.
- What is a short sale on house
- In a short sale, a seller will decide to submit a financial package, seeking a lender's approval to sell the property for less than the amount they owe on it.
- How do I choose a broker in NYC?
- Things to look for in a broker
- Are they showing you properties in price points you can afford and neighborhoods you want to live?
- Do they fit your communication style? (i.e., email, text, phone).
- Are they showing you no-fee listings?
- Did they do a bait-and-switch on you?
- Are they asking you to sign something?
- Things to look for in a broker
- Is a short sale good or bad for buyer?
- Discounted Price Although the short sale property will be priced according to market value, the lender is highly motivated to sell in order to cut the bank's losses. As a result, buyers can often get a better deal on the home than they would if it was purchased through a typical sale.
- How negotiable is a short sale?
- The answer is an emphatic “Yes!” It is very much possible to negotiate a short sale. However, short sale negotiations are usually more time-consuming and more complicated compared to traditional sales. This is because short sale negotiations have to be approved by an additional party – the lender.
- What are the requirements for a real estate license in Oregon?
- Submit your license application to the Oregon Real Estate Agency. Pass a 150-hour pre-license course. Pass a state licensing exam. Pass a background check.
- What disqualifies you from being a real estate agent in Oregon?
- Criminal Convictions One of the most significant factors that can disqualify potential real estate agents is a criminal background.
- How much should my rent be Dave Ramsey?
- Your rent payment, including renters insurance (more on that later), should be no more than 25% of your take-home pay. That means if you're bringing home $4,000 a month, your monthly rent should cost you $1,000 or less. And remember, that's 25% of your take-home pay—meaning what you bring in after taxes.
- How do I promote my home on Zillow?
- WRITTEN BY:
- 1 Sign Up for Zillow Premier Agent & Advertising.
- 2 Create an Agent Profile.
- 3 Claim Your Listings.
- 4 Ensure All Listing Information Is Accurate.
- 5 Fill Out the Home Description & Features Sections.
- 6 Add Compelling Professional Photography.
- 7 Create a Video Walk-through.
- WRITTEN BY:
- What is the best income to rent?
- 30% threshold Generally, allocating 30% of your net income towards rent is a good place to start.
- What is 2.5 times the rent mean?
- I Need to Calculate 2.5x Rent For example, if the monthly rent is $1,000, you should multiply it by 2.5. According to the 2.5x rent rule, this means the tenant should be earning at least $2,500 per month in gross income.
- Is 5000 enough to move out?
- If you have $5,000 set aside to move out, you don't necessarily have to worry about moving on a tight budget. Regardless, you should still make sure you are spending your money wisely. Keep reading for more information on how much it costs to move and how you can save money while moving!
- How to schedule real estate exam Oregon?
- Schedule and pay for license exam online or at (833) 892-5441 with PSI, our testing services provider.
- What is the pass rate for the Oregon real estate exam?
- The passing rate for the Oregon Real Estate Broker Exam is 75%.
- Can you take the Oregon real estate exam online?
- Schedule and pass the Oregon Real Estate Broker Exam. You can schedule your remote exam on PSI's website. This 130-question test has two portions covering both state (50 questions) and national (80 questions) requirements.
- How many times can you take the Oregon real estate exam?
- How many times can you take the real estate test in Oregon? You can take the state broker license exam as many times as necessary to pass both the national and state portions. The fee to retake both sections or a single section is $75.
- What are the pros and cons of being a broker?
- Let's get started.
- Pro #1: You Will Officially Work for Yourself.
- Pro #2: You Can Earn More Money.
- Pro #3: Set Yourself Apart.
- Pro #4: You Have Increased Flexibility.
- Con #1: You'll Need to Wear Multiple Hats.
- Con #2: Sink or Fail— It's All On You.
- Con #3: A Broker's License Costs Time, Money, and Effort.
- Let's get started.
- How much money needed to rent a house
- Dec 6, 2022 — One popular rule of thumb is the 30% rule, which says to spend around 30% of your gross income on rent. So if you earn $3,200 per month before
- How to become a real estate broker in oregon
- Qualifications · Be 18 years old. · Have a high school diploma, GED, or international equivalent. · Have three years of active real estate license experience.
