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PDF Editor FAQ

How can I eliminate a real estate agent when I want to buy a home?

Maybe it’s different in other parts of the world, but here in North Carolina, US, sellers usually hire a Realtor to sell their home. These sellers sign a contract that guarantees that their Realtor will be paid a certain amount when the property is sold, usually a percentage of the sales price. The listing contract states that this Realtor will work to make sure that the seller’s interests are paramount. Basically this Realtor, who is considered the “listing agent,” is looking to find the highest and best price in the shortest time. The contract between the listing agent and the seller usually details that they’re to represent (act in place of) the seller. Anything a buyer says to them will go directly to the seller and will be used to negotiate and make sure the sellers get top dollar.Now this listing agent needs to sell this house to get paid, so they will advertise the house all over the place, and they even put the home on the Multiple Listing Service (MLS) and tell other Realtors they’ll split their commission if they bring a buyer.Here’s where YOU, the buyer, can watch out for your interests, and benefit with expertise without having to pay money out of your own pocket.YOU, as a buyer, can hire another Realtor as your own personal “buyer’s agent.”When you hire a buyer’s agent you will sign a contract saying that their job is to get the best deal for you. They will work in your interest at all times according to this guidelines in the contract. Anything they find out about the seller or anything else they learn will be communicated to you so you can make the best offer.So, if you have a good buyer’s agent, you’re getting expert advice and great negotiating skills without having to pay for it. You still decide on what to offer on the home though. You’re the boss. There’s no money out of your pocket and since their job is to sell homes, they will surely know more about the process, the town, the builders, the other agent, etc, and they can give you advice about good lenders, lawyers, inspectors.So, you have a chance of getting expert representation for zero cost. It would be foolhardy to pass that up.Again, real estate is handled differently throughout the world, and if the area you are living in doesn’t have agents who are licensed or you’re feeling that it would be smart to try to negotiate on your own, that’s fine.However, if you’re looking at homes in North Carolina the seller’s agent will provide you with a brochure that WARNS you that their loyalty is to the seller and not you. So many people were ripped off over the years thinking that nice agent on the sign was working for them (the buyers) that our state made it mandatory to disclose how things work. In NC, all agents have to give customers a consumer protection brochure at first substantial contact. That brochure explains explains agency and gives customers a heads up about what the process is, and let’s you know that you’re always better off if you have your own agent.As an aside, this may not be the case with you, but I find that nowadays people think that because they can get some general information from the internet, they’re all set on being able to buy and that they don’t need help. The problem is, this is not a car, or a piece of furniture. It’s a home, real property with potential problems with structure, interior items, deeds, etc. There’s a million and one ways that it can go off the rails, and since it’s a big purchase it’s smart to get as much help as possible. Be careful when you represent yourself, make sure that you really understand the whole thing, and consider this note as a caution to remember that seller’s agents are already committed to the seller.Lastly, if you are hiring a buyer’s agent, do some research on them. Meet them, check them out. If they’re not a good fit, move on. Find one that is easy to work with, one who knows the area well, and has a good reputation.Good luck!

A promissory note was not endorsed properly and the inked copy of the deed of the trust is lost in NC. Can they still foreclose on me?

Google it. I'm not a lawyer, though I paid attention in the 2008 financial crisis. In theory, I'll bet you could stop them, in practice, it would depend on your lawyer and the judge. Some people have won, at least initially. Much shady stuff was done, and the law usually is very specific about how things must be done, and they weren't. Keep sharp eye out for contradictory dates, there was much forgery.

What are the IIM (lingo) words?

IIM B Lingo1. Fachcha/FachchiThe PGP1s or the 1st year students who arrive at the campus with the sole aim of studying and making the best out of IIM Bangalore. Though they plan to enjoy every moment of their life at IIMB but end up with hours of lectures, tons of assignments, projects, exams, quizzes, resume preparation, attending PPTs and surviving with the hope that “This too shall pass”.2. GlobeA simple opinion that is recorded/castigated in the most exaggerated way possible that it does not have any value addition and make no justice to the inestimable time utilized on coming up with such beguiling writings/orating in order to showcase as a person with an intellect mind.In simple words reading/listening to this euphoric writings one will come up with this punch line “Arrey bhai, Aakhir kehna kya chahte ho”3.Bhai SahabThis is the IIMB way of saying “Oh! My God”4. JuntaA collective noun used for a group of students irrespective of caste,creed,religion, gender,section and club.5. BakarUnplanned and Impromptu discussion that can start at anywhere in the campus and over anything. Bakars mostly cover the burning topics on and off the campus and it is the best way to kill your time if you are getting bored.6. PnE, AK, Athicas, Amul, ABP and NCThe fast food and snack joints present in and around the campus that serve sandwiches,milkshakes,rolls,dosa,vada etc.. and most importantly Coffee, Red-bull and Maggi.(Let me tell you these three are very much important to survive a report/assignment submission, quizzes and exams). These food joints also help the students in satisfying their hunger when the mess food turns out to be horrible.7. L-SquareRemember "Life is a race,If you don't run fast you will be like a broken Andaa"...The speech by Virus was given at this place...The L-Square. L-square is the place which one will come across moment after entering the old hostel blocks. B'day celebration, Street plays. Dance, Music,Drama,Unplugged evenings etc. you will find all sorts of happenings at L-square.If you are in a celebration mood just come to L-square. We are known for our famous L-square partiesThere are two stories behind the nomenclature of this space.1st Story:This small courtyard is surrounded by Hostel Blocks A,B and E. ABE was the shortened name of US President Abraham Lincoln and hence the name Lincoln Square or L-Square.2nd Story:If you get to have a look at this courtyard from the top it basically looks like a large L with staircase leading to a square. This resulted in the naming of the place as L-Square.8. BEFG SquareSurrounded by Hostel blocks B,E,F and G, this is the place which is famous for gully cricket among section mates and block mates.9. EPGPEPGP lounge is the place where most of the brainstorming sessions take place from project group discussions to case study preparation. This is the place which has more crowd gathering than the ‘Kumbh Mela’ during group submissions, presentations, assignments and quizzes.10. RGgiriIf you are at IIMB, life is all about relative grading but this is something that the entire student fraternity condemn the most. RGgiri is getting involved in all sorts of mischievous and vexatious deeds in order to get a few extra marks in exams and quizzes in comparison with fellow batch mates.11. CP/DCPClass Participation (CP) is basically putting forward your opinion on a topic/case being discussed during a lecture and when it turns to a desperate one just to get a few extra marks it is called Desperate Class Participation (DCP).12.Light lo/Chill maarWhen you feel that you have completed everything and someone pops up in between with a new idea then the only word that comes at that moment is ‘Light lo’ or ‘Chill maar’. This is just another way of saying that we have achieved ‘nirvana’.13. Kya Scene Hai ?If you are at IIMB then this is how you ask “What are your plans?”14. Macha dena/Macha diyaWhen you want to wish someone good luck then rather than saying All the best or Best of Luck just say ‘Macha dena’ and trust me guys this always helps to boost the performance twofold.When someone achieves a remarkable feat then to acknowledge his/her endeavor a slightly different version is used that is ‘Macha diya’.

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