Access To MLS
Is it possible to get to pay a flat fee to access the MLS? Or is it possible to work out an arrangment to access the MLS via a realtor? Any ideas?
Is it possible to get to pay a flat fee to access the MLS? Or is it possible to work out an arrangment to access the MLS via a realtor? Any ideas?
If you make nice with a realtor and send them all your stuff especially someone new - they might help you out
It is possible to do about anything. BUT, no REALTOR should give that access, as they have pledged not to.
If a REALTOR is nice (I.e., stupid) enough to give you their access code, let me know.
So I can report them to the NCAR.
Seriously.
[addsig]
Donny,
Our MLs allows a certain level of access provided by a Realtor for a client. For instance, we can put in a set of criteria (area, price range, style, status,) and the mls provides a webpage with this search criteria on it. Everytime sometime new hits the mls it automatically emails my clients. Currently we have 15 running. This eliminates the need for us to call a client everytime something new hits the market that fits. Dont know if its available in NC but it has made our lives easier here.
Jim
All you have to do is go get a real estate license and find a real estate office to work out of...
they will even supply the telephone lines and desk space for you to use...
[addsig]
No advice or comments?
Please help. Thanks!
Can anything be done with the equity?[ Edited by Rommel on Date 02/09/2006 ]
Greetings Rommel,
As you may well know, lenders typically base the loan on the lesser of the purchase price or appraise value. So, in your case, they would base your loan on the $1.85 million, not the appreciated value.
However, there are a few lenders that will go this high on a super jumbo, and go to 90% CLTV. So, depending on your overall financial situation, you may not have to come up with any more down, as you already have 10% into it.
There may a few ways that you could restructure the deal to show a higher purchase price with a higher existing down payment. But none that I can think of right now that would be legal.
Hopefully, others will come up with a better idea for you.
Greetings Rommel,
Until you actually own the property, I don’t know of any way you could access the appreciation.
And considering the size of the loan you need, I still think your best option is to find a lender that will do (or allow) 90% CLTV. Which would be a combo loan, so there would be no PMI to worry about.
Granted, the lenders that will do this are limited. But it may still be your best bet.
Oh yeah… hard money may or may not work for this, depending on the actual appreciated value. But keep in mind, it’s a very expensive way to go. And then you would have to turnaround and put a new loan on it to get your interest rates in line. So, that’s a lot of points and closing costs for minimal gain.