Property Buying Wisdom From The Federal Trade Commission
March 15, 2009 by
As anyone in the process of deciding to acquire or sell a home can tell you, the complete procedure can seem impossible. Many who seek the help of a professional real estate broker endure many long nights trying to decide who is taking advantage of them more — the broker or the lender. The FTC booklet gives advice to sort it out.
You may want to visit the Buyig your First Home article to read more about how to deal with homes for sale.
The Federal Trade Commission provides a useful booklet that presents new buyers or sellers with some FAQs concerning real estate. called “Selling Your Home – Tips for Selecting a Real Estate Professional”. The booklet focuses on the proper amount you should expect to pay for a real estate commission, the ins and outs of contracts as well as business models.
While the booklet is a little short, with only a few pages, it does have many helpful tidbits. In the portion on the subject of agent charges, the booklet indicates that 6 percent is the customary standard, it is negotiable.
The booklet helps to nudge prospective customers to attempt to negotiate for a lower commission, since the broker wants your business just as much as you need theirs.
You can obtain the booklet by navigating to the FTC website at ftc.gov. When you are ready to buy or sell you may want to visit the Property for Sale site to get your best buy on a new home.
Hi I'm a Realtor – see if this makes any sense…
When rates go up the borrowers affordability goes down. When there are less people able to afford property the prices tend to relax but not right away. Keep in mind that sellers still have the mindset of yesterdays bubble and they want to profit the old 10-15% per year of previous years.
Supply and Demand is a major factor that most Realtors don't understand how to figure out. Here is how you can do it yourself:
Look at how many houses have sold this year.
Now look at how many active houses are on the market now.
Divide how many sold by the number of months have gone by this year so far. So October do 9 because we haven't ended it yet.
Now divide that number by the number of active properties.
That gives you the number of MONTHS of INVENTORY on the market right now.
This is just some of the things we do to price your properties!
Why change the term? There isn't property called unreal per say, but other types of property are personal property and intangible property (ie patents, copyrights, etc). Estate doesn't have to be large. Estate just means the property belonging to someone. For example, someone dies and they leave property (real and personal) behind. The property might not be worth very much, but it will still be called a decedent's estate. Another example is a Bankruptcy Estate. Often times there is hardly any property in a bankruptcy estate (not the smartest idea to file bankruptcy if you have a lot of property), but it's an estate of property (if any) administered by the bankruptcy trustee. It doesn't have anything to do with there being a huge house, or any real estate at all. it is the property owned by the trustee/debtor (in a bankruptcy).
I don't think you really understand what an estate is.
Did they offer you a money back guarantee? Hopefully they did. Hopefully you still have a copy of it. The easy way is to dispute the charges with your charge card company. They do not like it when people try to scam. They will help you fight, especially if you have that money back letter. They will do a charge back to John Beck. It will take some time to do this. So start the process now–you do not want to lose out because you missed a termination date.
Get all of your receipts together documenting what you did, get copies of the letters you sent demanding money back, documentation of who you called and who you talked to to get your money back, etc. Get copies of that case to prove he's a crook.
The One and Only Real Estate Facebook!!
FTC Seeks More Leeway To Fight Financial Fraud
Federal Trade Commission Chairman Jon Leibowitz asked members of the U.S. Senate on Thursday to streamline the agency's rulemaking and enforcement authorities in order to help officials move more quickly to address and act on a swath of financial fraud complaints from consumers.
Dan Edstrom
dmedstrom@hotmail.com
Not gonna win in small clams court. The clams always win.
As for small claims court, probably not.
Your heads weren't blown a week later, they were blown when water came out the tailpipe. It is a very bad thing to have water come out the tailpipe. You probably had blown head gaskets from the outset as this will make the engine run hot. The thermostat was replaced because the mechanic either didn't know (this is bad) or didn't care (this is also bad).
When you go to court, be sure to take a paper bag to put over your head when you leave in disgrace. You didn't do your homework as you should you really have no grounds to stand on.
Good luck, and don't buy any more cars from that guy- he can spot a fool a mile away.
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