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So You Want To Purchase A Power Of Sale, Do You?

Toronto Realty Blog

TorontoRealtyBlog I’ll tell you which call I have not received in quite some time: the good, ‘ole, “power of sale” seeker. A power of sale can come in many different shapes and sizes. There’s a common misconception that all power of sales are for run-down properties, but they’re not.

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Vital Steps to Take When Purchasing Your First Home

Realty Biz

From three decades working as a Realtor, there are common denominators for first-time home buyers going through the purchase process with ease. Interviewing and selecting a buyer's agent and choosing a mortgage lender and real estate attorney are vital steps. Being prepared is a significant factor in having a stress free transaction.

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Real Estate Pending Vs. Contingent: MLS Lingo Explained for Sellers

HomeLight

That’s why it’s important for your real estate agent to keep your property’s status up to date, both in the multiple listing service (MLS) that agents cooperatively use, as well as in online marketplaces, which pull data from the MLS. Buyers also can use the findings of an inspection to negotiate for repairs or credits.

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Why Buyer Representation Should Matter So Much to Sellers

Windemere Selling

The urgency to adapt is real, and overlooking the necessity of paying a buyer agent commission could expose sellers to unforeseen risks. Currently, home buyers are not allowed to roll their buyer agent compensation into their loan. Earnest Money Handling: Buyer agents ensure that earnest money funds are delivered to escrow on time.

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How a Home Inspection Works When It’s Your House in the Hot Seat

HomeLight

You’ve done the work to get your home ready to sell — repainted rooms a neutral color and taken care of minor repairs, hired a great real estate agent , staged it to perfection , kept it clean for open houses and home tours — and now you’ve accepted an offer. Up next: The home inspection. What is a home inspection?

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What Does ‘Under Contract’ Mean on a Home Listing?

HomeLight

Sometimes you come across a home for sale that checks off every box on your list, but the listing status says that it’s “under contract” or “sale pending.” We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs. Get Started What does ‘under contract’ mean?

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Will a House With an Offer On It Be Removed From the MLS? Agents Explain How It Works

HomeLight

One term you’ll likely hear often during the homebuying process is “MLS,” which stands for multiple listing service. The MLS is a real estate database of all the homes in your area that are currently for sale, pending sale, or have recently been sold, and so much more. How do I know where a home is in the sales process?

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