Realty Biz

FEBRUARY 19, 2024

Being a real estate agent for the last thirty-eight years, I have had numerous experiences selling land. That could include personal use, but if you’re buying it as an investment, get clear on your exit and marketing strategies. I knew exactly what they’d be used for and by whom, and I targeted those people in my marketing.

Land 127

Land Due diligence Title search Finance 127

Housing Wire

OCTOBER 29, 2021

We continually monitor volumes, market nuances and industry trends to ensure our products – and our staff – meet our clients’ needs. This scalability includes our industry-leading signing agent panel. HW: How has the title process evolved as a result of these conditions?

Title 378

Title Title search Equity Inspection 378

Realty Biz

JANUARY 10, 2024

Unfortunately, if the wrong real estate agent is chosen, it can lead to getting poor advice. From three decades of experience as a Realtor, many home sellers make aweful choices when it comes to their real estate agent. Asking an agent good interview questions can help immensely. Nobody wants that, but it's a reality.

Purchase and sale agreement 102

Purchase and sale agreement Seller disclosure Staging Title search 102

Realty Biz

NOVEMBER 11, 2020

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. It is fairly obvious what is meant when homes have a status of “for sale” or “sold,” but some statuses may not be as clear. For example, if a home sale is contingent or pending, can you still make an offer?

Backup offer 111

Backup offer Sales Home sale contingency Earnest money deposit 111

RIS Media

APRIL 8, 2022

Here’s all you should know about contingent sales as a potential home buyer. An active listing means the home in question is currently on sale, and sellers are actively open to offers. Homes that are listed as pending or sold are officially off the market. . Other factors can also put a home back on the market.

Debt-to-income ratio 144

Debt-to-income ratio Title search Backup offer Home sale contingency 144

Real Trends

DECEMBER 27, 2022

Aspiring and veteran real estate agents should be well aware that the same applies to the home buying and selling process: uncertainty hangs over every deal. How often does a pending home sale fall through? A pending sale may be referred to as “under contract” by some real estate agents. Home sale contingency.

Sales 60

Sales Home sale contingency Pre-approval Inspection 60

HomeLight

AUGUST 20, 2021

The average closing costs for home sellers fall between 6% to 10% of the home’s sale price. For example, a seller’s closing costs for a median sale price of $280,000 would range between $16,800 to $28,000, depending on various sale factors. Some closing costs apply to nearly every home sale. Agent commissions.

Closing costs 109

Closing costs Closing Title search Title 109

HomeLight

AUGUST 16, 2021

And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. Though short sales aren’t as prevalent today as they were following the Great Recession , they’re not impossible to find, and good deals for buyers can still be had. What exactly is a short sale? Finding an experienced agent.

Short sale 104

Short sale Sales Purchase and sale agreement Banks 104

HomeLight

FEBRUARY 27, 2021

According to HomeLight’s transaction data analysis, the national average real estate agent commission rate is 5.8% of the final home sale price. So, who pays for real estate agent commission? In the National Association of Realtors’ (NAR) 2020 survey, 77% of sellers reported that they paid for the agents’ commission.

Agents 85

Agents Purchase and sale agreement Staging MLS 85

HomeLight

DECEMBER 31, 2020

You can put so much effort into prepping your house for sale that you forget what happens after you receive an offer. Putting your John Hancock on a home sale contract might feel like the completion of a major financial deal, but it’s actually just the beginning of the home sale process. What does “sale pending” mean?

Closing 104

Closing Backup offer Sales Inspection 104

Redfin

JANUARY 26, 2022

One of these important pieces of paperwork is a purchase and sale agreement. . To help you navigate this document, we’ll go over what a purchase and sale agreement is, what makes up the agreement, and what happens after the agreement is signed. What is a purchase and sale agreement? Who drafts the purchase and sale agreement? .

Purchase and sale agreement 55

Purchase and sale agreement Earnest money deposit Sales Title 55

Realty Biz

JULY 1, 2023

During this stage, the buyer, seller, or their respective agents select an escrow agent who will oversee the process. The escrow agent acts as a neutral intermediary, holding funds and important documents until all conditions are fulfilled. Step 6: Ensuring Clear Title When buying a home, ensuring a clear title is paramount.

Purchase and sale agreement 76

Purchase and sale agreement Earnest money deposit Title search Pre-approval 76

Realtor.com

NOVEMBER 15, 2022

This means navigating the highs and lows of the real estate market and strategizing ways to improve the terms of the deal on the table. Seller concessions occur when a seller agrees to cover the cost of things the buyer usually pays for, such as closing costs , title searches, property appraisals, and other fees.

Seller concession 121

Seller concession Purchase and sale agreement Closing costs Title search 121

HomeLight

NOVEMBER 10, 2021

When you sell your house without the help of a real estate agent, you’ll save money on commission fees but won’t escape closing costs entirely. The same closing fees that apply to an agent-assisted sale will be charged to a FSBO seller, with the exception of the agent commission. Buyer’s agent fee (~3%).

Closing costs 101

Closing costs Closing Title Title search 101

RIS Media

APRIL 18, 2022

The market changes all the time—as does the practice of selling real estate, especially in the age of technology. Yet in the seven or eight years since iBuying emerged, it has attracted reams of copy and tons of dialogue as an instant, hassle-free sales solution. So, what are the pros and what are the cons of the iBuyer strategy?

Title search 98

Title search Technology Branding Agents 98

Realty Biz

SEPTEMBER 14, 2023

Attorneys assist in reviewing and negotiating sale agreements, clearing title issues, and preparing all necessary legal documents. Attorneys ensure that the loan documentation is executed correctly, review the terms and conditions of the mortgage, and confirm that the property's title is clear and suitable for collateral.

Purchase and sale agreement 100

Purchase and sale agreement Title search Title Due diligence 100

Realty Biz

AUGUST 2, 2023

In my experience as a real estate agent over the last thirty-plus years, many homeowners will search " sell my house fast " for the best-selling strategy. Effective marketing strategies, such as crafting an appealing listing description and utilizing professional photography, can also significantly impact the process.

Purchase and sale agreement 93

Purchase and sale agreement Title Staging Inspection 93

Realty Biz

NOVEMBER 1, 2023

Open Title Texas is proud to announce its entry into the Texas real estate market. Backed by a legacy of service excellence, Open Title Texas offers a comprehensive suite of solutions tailored to meet the unique needs of real estate brokers, sales professionals, and consumers alike.

Title 62

Title Title search Industrial Design 62

Lighter Side of Real Estate

SEPTEMBER 26, 2023

But in the current market, even finding a house you want and successfully getting it under contract can be a difficult task. Fraudsters are pretending to own property and putting it up for sale. It’s priced below the market value of any other house like it in the area. You’re not allowed to enter the home to see it in person.

Title 99

Title Title search Closing MLS 99

Realty Biz

JUNE 20, 2023

Foreclosures, in particular, offer a unique opportunity to purchase properties at below-market rates. The lender does so by forcing the sale of the asset used as the collateral for the loan, typically a house. Researching Foreclosures Start your search by understanding the real estate market in your area.

Due diligence 74

Due diligence Hard money loan Inspection Title 74

HomeLight

NOVEMBER 9, 2021

The recent housing market has been hot and competitive due to an extreme lack of inventory. For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). The Simple Sale process frees you of the hassle of staging your home and jumping through hoops for the buyer’s lender. Listing price.

Purchase and sale agreement 87

Purchase and sale agreement Home sale contingency Title search Inspection 87

Point2Homes

OCTOBER 21, 2020

Not all liens will affect you the same way, and even though a lien can lead to an auction sale, you can still sell your property while it’s in pre-foreclosure. But how will the lien impact the sale? The Sale Can Take Longer. A cash sale might speed up the process, yet they are quite rare. Here’s what you need to know.

Title search 89

Title search Title Investor Sales 89

Realty Biz

NOVEMBER 17, 2020

Zillow actually estimates that selling a home costs $20,851 , on average, while other experts estimate you’ll pay 10% of your home’s final sale price in closing costs. . Real Estate Agent Commissions. Let’s start with the largest cost of selling your home — commissions paid to your real estate agent and the buyer’s agent.

Title search 105

Title search Title Closing costs Staging 105

Norada Real Estate

APRIL 15, 2023

Definition of Under Contract The term “under contract” refers to the period after a seller accepts a buyer's offer, but before the sale is finalized at closing. Title Search Contingency The title search contingency allows the buyer to ensure that there are no issues with the property's title, such as liens or ownership disputes.

Earnest money deposit 98

Earnest money deposit Inspection contingency Title search Inspection 98

HomeLight

JULY 31, 2020

There’s a house for sale that you want to buy. In the February 2020 Realtors Confidence Index survey by the National Association of Realtors, 77% of real estate agents responded that contracts closed on time, and 19% reported delays but eventually closed; 4% of contracts were terminated. Problems with the title. Easy, right?

Closing 112

Closing Purchase and sale agreement Title search Earnest money deposit 112

HomeLight

APRIL 20, 2023

Some of these costs, such as surveys and recording fees, are one-time expenses related to the sale. Typically, buyers are responsible for mortgage and inspection-related costs, and sellers are responsible for agent and documentation-related costs. Buyers typically pay: 2%-3% of the home’s price.

Closing costs 80

Closing costs Closing Title search Inspection 80

Realty Biz

OCTOBER 12, 2021

Real Estate agents refer to this as the due diligence period in real estate. In some states, real estate agents are not required to disclose such things. Where Does The Property History Search Start? You only enter the respective address, and it will search numerous databases. Title Search.

Due diligence 138

Due diligence Title search Land Title 138

HomeLight

APRIL 15, 2022

After some email back-and-forth, they get their final iBuyer offer: Offer details: 98% of what a real estate agent estimated they could earn, minus a 5% service fee, a $2,000 repair credit, and 1% in closing costs. . iBuyer offers got sweeter for sellers in a fiery housing market. of market value, before tapering to 99.4%

Title 86

Title House Flipping Title search Sales 86

Realty Biz

APRIL 20, 2022

The language in the offer to purchase will allow you to escape the sale with your money back. Due to the overwhelmingly strong seller’s real estate market some buyers are making their offers more attractive. So it might be agreed that the seller takes care of escrow or title search fees, with a buyer dealing with the rest.

Purchase and sale agreement 106

Purchase and sale agreement Home sale contingency Earnest money deposit Inspection contingency 106

HomeLight

APRIL 14, 2023

Georgia is good about not having extra fees or high fees,” says Howard Jefferson , a top-performing Georgia real estate agent with 35 years of experience. A Top Georgia Agent Can Help Reduce Your Costs Partner with a top Georgia buyer’s agent who can help you navigate your homebuying journey and reduce the final amount you’ll pay at closing.

Closing costs 93

Closing costs Closing Title Loans 93

Redfin

MARCH 3, 2022

To avoid a closing delay or, even worse, the sale falling through, it’s essential to be upfront and honest with your loan officer. The home appraisal is lower than the sale price. A home appraisal provides the fair market value of a property and is typically required by your mortgage lender. Clouds on the title.

Closing 62

Closing Title search Purchase and sale agreement Title 62

Easy Agent Pro

AUGUST 6, 2021

For sellers, the real estate process is full of confusing processes, from choosing an agent to the final handshake. There’s PMI and MIP, homeowners insurance and title insurance. The average real estate consumer knows little about many of these processes, leaving it up to agents to educate them. First, it varies by market.

Title 122

Title Purchase and sale agreement Title search Closing costs 122

HomeLight

NOVEMBER 9, 2021

In addition, many cash sales happen directly between seller and buyer, removing the average 5.8% agent commission fee from the seller’s balance sheet. Sellers then have their own set of closing costs to pay, the biggest of which is agent commissions totaling 5.8% title search fee of $200. lender’s title insurance.

Closing costs 89

Closing costs Closing Title Title search 89

McKissock

JULY 26, 2022

As a buyer agent , it is your job to be the voice of reason, the buffer, and sometimes the peacemaker. In order to reach an acceptable agreement with the most favorable terms, make sure your buyers are aware of the market and the most important factors when constructing an offer. Number of days on market. Title search.

Purchase and sale agreement 81

Purchase and sale agreement Title search Inspection Construction 81

HomeLight

AUGUST 29, 2022

Another plus is that Texas doesn’t have state income tax, according to Rach Potter, who sells homes 44% quicker than the average agent in Dallas, Texas. Research the market and determine where you would like to buy. As of June 2022, the median sales price of homes in Dallas county was $520,000. Get preapproved for a mortgage.

Earnest money deposit 96

Earnest money deposit Title Inspection Title search 96

HomeLight

AUGUST 31, 2021

But right as you’re about to call your real estate agent, you notice there’s a line in there that labels it a foreclosure. We talked with veteran real estate agents with a combined 30-plus years working with foreclosures to bring you a comprehensive guide to the often confusing world of distressed properties. Short sale.

Pre-approval 99

Pre-approval Short sale Banks Finance 99

HomeLight

JANUARY 29, 2021

The process of selling an inherited home is complex, including an array of financial, legal, and market ramifications. We spoke with probate attorneys and a top-performing real estate agent to bring you 10 essential steps for selling an inherited house. See what a cash buyer would offer for your home with HomeLight’s Simple Sale.

Pre-approval 108

Pre-approval Title Renovation Title search 108