Realtors:

[Aimster]

Originally posted by: Capt Caveman
Did you ask for references and call them? Check the BBB for any reports against the company? Ask for information on how they go thru the purchase process?

And based on your prior thread, you're better off renting.

Why would I be better off renting?

 

[arkcom]

Originally posted by: Cuda1447

Originally posted by: kranky

Originally posted by: Aimster

Originally posted by: kranky
Look, it's not a scam. He's listed in the Virginia.gov listing of people with real estate licenses.

But you are entitled to an explanation on exactly how the process works.

Just because he has a license doesn't mean it is not a scam.

IT'S NOT A SCAM.

How the fuck do you know? 5,000 for a deposit is ridiculous. I just bought a house and it was only 500 as well. Why do you say so adamantly that its not a scam?

$5000 was Aimster's choice, not the agent. Did you read the thread? I've told him more than once $5000 is too much, but he's that "serious".

 

[Aimster]

Agent recommended $5,000 I agreed. It's a competing market. Homes do not stay on the market here for over 2 weeks unless they are short-sales.

usually with bank owned homes you do that, well at least here you do. For sale by owner you really don't have to.

 

[Double Trouble]

Seems very strange. I don't know if that's normal in VA, but I'd be worried about the possibility of him pocketing the money and then simply vanishing. After all, you found him on Craigslist, not exactly the hallmark of a legitimate real estate agent.

Could be legit, but I wouldn't feel comfortable doing that.

 

[Mojoed]

Originally posted by: arkcom
There is always earnest money paid, that is normal, but $5000 is pretty high. How much is the house?

What makes you think he owns the company?

Yes that does seem quite high. I paid $500 in earnest money.

 

[swaytech]

Hope I dont run into crazy stupid stuff like this when the time comes for me to own a home. I honestly hope thos ends up not being a scam.

 

[Aimster]

I just emailed him

"paul

If the seller's company is not accepting an earnest check directly...... then I will just submit an offer without a check"

Let's see if he decides to contact me

 

[Mojoed]

Originally posted by: Aimster
I just emailed him

"paul

If the seller's company is not accepting an earnest check directly...... then I will just submit an offer without a check"

Let's see if he decides to contact me

Aimster - while $5000 does indeed seem high, it is standard to pay earnest money to the buyers agent. That is exactly what I did and I experienced no problems at all.

 

[waffleironhead]

NVM

 

[BoomerD]

When we made the formal offer on our house, we had to write a check for earnest money. IIRC, it was about $1000.
When we closed at the end of escrow, we paid the FHA 3% (less the earnest deposit).

This MAY be legit...but there's no fucking way I'd ever give some fly-by-night realtor a check for $5000...in their name.
In the name of the seller, perhaps...but NOT to the realtor.

 

[Aimster]

Originally posted by: Mojoed

Originally posted by: Aimster
I just emailed him

"paul

If the seller's company is not accepting an earnest check directly...... then I will just submit an offer without a check"

Let's see if he decides to contact me

Aimster - while $5000 does indeed seem high, it is standard to pay earnest money to the buyers agent. That is exactly what I did and I experienced no problems at all.

Was your agent part of Remax or one of those big corporations?

I have no problem writing a check to a big company that is known. I have a problem writing a big check to an individuals' private real estate company.

 

[kranky]

Originally posted by: Cuda1447

Originally posted by: kranky

Originally posted by: Aimster

Originally posted by: kranky
Look, it's not a scam. He's listed in the Virginia.gov listing of people with real estate licenses.

But you are entitled to an explanation on exactly how the process works.

Just because he has a license doesn't mean it is not a scam.

IT'S NOT A SCAM.

How the fuck do you know? 5,000 for a deposit is ridiculous. I just bought a house and it was only 500 as well. Why do you say so adamantly that its not a scam?

The guy has been in the business for years. He's a licensed agent. He's got a B&M office. Unless he's carefully built up a career just waiting for the chance to throw it all away to scam a huge $5,000, I say it's legit.

As I said, Aimster is entitled to an explanation of what's going on. The whole reason I said this is so he could be satisfied it's on the up and up. But to not ask any questions and just jump to the conclusion it's a scam because he doesn't fully understand what's going on is silly. And if he's thinking it's a scam because he found the guy on Craigslist, then why the hell did he even contact him in the first place?

 

[Aimster]

Kranky

We will see if you are right. Let's see if he agrees to submit the offer without a check in his hand.
We are supposed to submit an offer tonight. That is the deal.

This guy has attracted a ton of business. He had appointments all day today. All this business lately.. but nothing could be found about this company by searching the web.
Hoping you are right Kranky and I'm just being paranoid.

 

[Capt Caveman]

Originally posted by: Aimster
Kranky

We will see if you are right. Let's see if he agrees to submit the offer without a check in his hand.
We are supposed to submit an offer tonight. That is the deal.

This guy has attracted a ton of business. He had appointments all day today. All this business lately.. but nothing could be found about this company by searching the web.
Hoping you are right Kranky and I'm just being paranoid.

Submitting an offer without earnest money will more than likely be rejected. If you're not willing to learn the process, rent.

 

[Gothgar]

Originally posted by: Capt Caveman
Did you ask for references and call them? Check the BBB for any reports against the company? Ask for information on their contract/purchase process?

And based on your prior thread, you're better off renting.

Call the BBB? Talk about a scam right there, biggest trick the BBB ever played on everyone was convincing everyone they weren't a piece of shit scam company

 

[Capt Caveman]

Originally posted by: Gothgar

Originally posted by: Capt Caveman
Did you ask for references and call them? Check the BBB for any reports against the company? Ask for information on their contract/purchase process?

And based on your prior thread, you're better off renting.

Call the BBB? Talk about a scam right there, biggest trick the BBB ever played on everyone was convincing everyone they weren't a piece of shit scam company

Please explain. They've helped me several times dealing with shady companies.

 

[Muadib]

Originally posted by: Aimster
Kranky

We will see if you are right. Let's see if he agrees to submit the offer without a check in his hand.
We are supposed to submit an offer tonight. That is the deal.

This guy has attracted a ton of business. He had appointments all day today. All this business lately.. but nothing could be found about this company by searching the web.
Hoping you are right Kranky and I'm just being paranoid.

I agree with Kranky. I just sent earnest money to the Realtor representing my builder.

Although, my mom had to sue to get her earnest money back, after she bailed on a deal for a house.

 

[Aimster]

Originally posted by: Capt Caveman

Originally posted by: Aimster
Kranky

We will see if you are right. Let's see if he agrees to submit the offer without a check in his hand.
We are supposed to submit an offer tonight. That is the deal.

This guy has attracted a ton of business. He had appointments all day today. All this business lately.. but nothing could be found about this company by searching the web.
Hoping you are right Kranky and I'm just being paranoid.

Submitting an offer without earnest money will more than likely be rejected. If you're not willing to learn the process, rent.

Learn the process?
A Realtor is required to submit all offers the buyer wants
If this guy doesn't submit an offer then he is committing a scam. He is not going to email me back.. I will be very surprised if he does.

Anyone who writes a $5,000 check to an individual they barely know is an idiot.
Writing a $5,000 check to Remax (or any of those big companies) to hold in an escrow account is Ok.

you and your "you should rent" non-sense.

 

[Muadib]

Originally posted by: Capt Caveman

Originally posted by: Gothgar

Originally posted by: Capt Caveman
Did you ask for references and call them? Check the BBB for any reports against the company? Ask for information on their contract/purchase process?

And based on your prior thread, you're better off renting.

Call the BBB? Talk about a scam right there, biggest trick the BBB ever played on everyone was convincing everyone they weren't a piece of shit scam company

Please explain. They've helped me several times dealing with shady companies.

Yeah, me too.

 

[Gothgar]

They are not government run, they scam small business owners out of money

 

[Aimster]

Originally posted by: Muadib

Originally posted by: Aimster
Kranky

We will see if you are right. Let's see if he agrees to submit the offer without a check in his hand.
We are supposed to submit an offer tonight. That is the deal.

This guy has attracted a ton of business. He had appointments all day today. All this business lately.. but nothing could be found about this company by searching the web.
Hoping you are right Kranky and I'm just being paranoid.

I agree with Kranky. I just sent earnest money to the Realtor representing my builder.

Although, my mom had to sue to get her earnest money back, after she bailed on a deal for a house.

Who did you write the check to?

 

[Capt Caveman]

Originally posted by: Aimster

Originally posted by: Capt Caveman

Originally posted by: Aimster
Kranky

We will see if you are right. Let's see if he agrees to submit the offer without a check in his hand.
We are supposed to submit an offer tonight. That is the deal.

This guy has attracted a ton of business. He had appointments all day today. All this business lately.. but nothing could be found about this company by searching the web.
Hoping you are right Kranky and I'm just being paranoid.

Submitting an offer without earnest money will more than likely be rejected. If you're not willing to learn the process, rent.

Learn the process?
A Realtor is required to submit all offers the buyer wants
If this guy doesn't submit an offer then he is committing a scam. He is not going to email me back.. I will be very surprised if he does.

Anyone who writes a $5,000 check to an individual they barely know is an idiot.
Writing a $5,000 check to Remax (or any of those big companies) to hold in an escrow account is Ok.

you and your "you should rent" non-sense.

Then why even deal with this realtor then? Why not deal with the seller's realtor directly then? Or get a reputable realtor. Did you do any due diligence beforehand? You just want to play a game.

You plan to sell and move to Texas in 5 years. Your buying/selling/timing costs will cause you to lose more money owning then renting.

 

[Muadib]

Originally posted by: Aimster

Originally posted by: Muadib

Originally posted by: Aimster
Kranky

We will see if you are right. Let's see if he agrees to submit the offer without a check in his hand.
We are supposed to submit an offer tonight. That is the deal.

This guy has attracted a ton of business. He had appointments all day today. All this business lately.. but nothing could be found about this company by searching the web.
Hoping you are right Kranky and I'm just being paranoid.

I agree with Kranky. I just sent earnest money to the Realtor representing my builder.

Although, my mom had to sue to get her earnest money back, after she bailed on a deal for a house.

Who did you write the check to?

Well, my builder has a Century 21 representing him, so I made it out to them. That don't mean much though, because my mom's was made out to a Remax. She had to sue them & the seller, and it took about a year before the case came up. On the day of the case, they settled out, for her money plus another 1k.

I told her she should have told them to go to hell, but she didn't listen. I called the state, and found out that they pulled the same crap on 10 other people. If you are that worried, you should do the same.

 

[arkcom]

Originally posted by: Muadib

Originally posted by: Aimster

Originally posted by: Muadib

Originally posted by: Aimster
Kranky

We will see if you are right. Let's see if he agrees to submit the offer without a check in his hand.
We are supposed to submit an offer tonight. That is the deal.

This guy has attracted a ton of business. He had appointments all day today. All this business lately.. but nothing could be found about this company by searching the web.
Hoping you are right Kranky and I'm just being paranoid.

I agree with Kranky. I just sent earnest money to the Realtor representing my builder.

Although, my mom had to sue to get her earnest money back, after she bailed on a deal for a house.

Who did you write the check to?

Well, my builder has a Century 21 representing him, so I made it out to them. That don't mean much though, because my mom's was made out to a Remax. She had to sue them & the seller, and it took about a year before the case came up. On the day of the case, they settled out, for her money plus another 1k.

I told her she should have told them to go to hell, but she didn't listen. I called the state, and found out that they pulled the same crap on 10 other people. If you are that worried, you should do the same.

She bailed on the deal and sued them? I guess she must have had a very good reason?

 

[Aimster]

Originally posted by: Capt Caveman

Originally posted by: Aimster

Originally posted by: Capt Caveman

Originally posted by: Aimster
Kranky

We will see if you are right. Let's see if he agrees to submit the offer without a check in his hand.
We are supposed to submit an offer tonight. That is the deal.

This guy has attracted a ton of business. He had appointments all day today. All this business lately.. but nothing could be found about this company by searching the web.
Hoping you are right Kranky and I'm just being paranoid.

Submitting an offer without earnest money will more than likely be rejected. If you're not willing to learn the process, rent.

Learn the process?
A Realtor is required to submit all offers the buyer wants
If this guy doesn't submit an offer then he is committing a scam. He is not going to email me back.. I will be very surprised if he does.

Anyone who writes a $5,000 check to an individual they barely know is an idiot.
Writing a $5,000 check to Remax (or any of those big companies) to hold in an escrow account is Ok.

you and your "you should rent" non-sense.

Then why even deal with this realtor then? Why not deal with the seller's realtor directly then? You just want to play a game.

You plan to sell and move to Texas in 5 years. Your buying/selling/timing costs will cause you to lose more money owning then renting.

Because I see no reason why an individual needs to hold my money in an escrow account meant for the seller. Why don't you give me your money and I'll hold it for you in my bank account.

I live in Fairfax, VA. You don't know anything about this area for you to be talking about me losing value on my property or not. Your area might be a complete waste because jobs are not guaranteed there.