Realty Biz

JUNE 15, 2022

Things to Find Out Before Purchasing Land. Performing due diligence is vital when purchasing a home. However, it is important to ask questions and get advice before making a purchase. These are the questions that you should either ask a Realtor or a land owner before making a purchase. Is The Land Buildable?

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Realty Biz

SEPTEMBER 14, 2023

They have a comprehensive understanding of real estate laws and regulations, which allows them to identify any potential issues or risks associated with a property purchase. Let's explore the different parties: Buyers Real estate attorneys work closely with buyers to navigate the complex legal aspects of purchasing a property.

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HomeLight

AUGUST 31, 2021

But what if a portion of your rent were going toward purchasing your rental home at a later date? Rent-to-own basics: Crediting rent toward a future purchase. A rent-to-own deal means you can start paying toward a home purchase even if you can’t technically qualify for a mortgage yet. Source: ( Shopify Partners / Burst ).

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Realty Biz

FEBRUARY 20, 2021

Given they are significant legal terms in a purchase and sale, it is essential to have a strong working knowledge of how they work. Some of these clauses can benefit you when purchasing a home, so we will look at some of the contingency clauses you might encounter when buying a property. Real Estate Contingencies Explained.

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Realtor.com

JANUARY 12, 2021

When is a sale a sale? It is absolutely critical that, as a seller, you understand the purchase agreement and any counteroffers you sign. “Read the agreements to find out if you have any outs in the contract,” says Meyers. Then it happens—another offer comes in, and a better one at that.

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Marco Santarelli

OCTOBER 20, 2023

It helps you define your target market, analyze your competition, and identify your unique value proposition. They can also help you with contracts, agreements, licenses, permits, taxes, and other legal matters that affect your business. A sales plan also helps you stay focused, motivated, and accountable for your sales performance.

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Realty Biz

APRIL 17, 2023

It is a form of assurance that the buyer is serious about buying the property and will follow through with the purchase. The amount of earnest money typically varies from 1-5% of the purchase price, depending on the buyer's agreement with the seller. Let's examine more closely how a buyer's funds can be returned.

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HomeLight

OCTOBER 17, 2022

HomeLight’s free Agent Match platform can connect you with a top-performing agent in your market who can help you navigate your entire home-selling journey — from disclosures to closing. Before entering into a purchase agreement, the seller must inform the buyer of any known lead-based paint hazards in the home. Find Agent.

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Purchase and sale agreement Due diligence Earnest money deposit Inspection 92

HomeLight

NOVEMBER 1, 2021

If you suspect this is the case and have evidence to back it up, you may be able to save the sale if you can convince the appraiser to reconsider. Approximately 9% of home appraisals come in below the sales price. During the pandemic there has been a shortage of available homes in a hot market. Reconsideration of value process.

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Kyle Handy

MAY 8, 2023

With ever-changing market conditions and fierce competition, keeping up with the latest commission standards can feel like an uphill battle. The full commission on a real estate sale is usually 4% to 6% of the sale. Negotiating a higher sale price for your listings. Getting into bigger markets. Selling more houses.

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Point2Homes

JANUARY 31, 2023

Making an attractive offer is crucial, especially in a hot market. Finally, research the local market when you’ve found the home you want to buy. Check out comparable properties to make sure that the sale price is fair or whether there’s a little wiggle room to negotiate.

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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?

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HomeLight

DECEMBER 30, 2021

When you make an offer to buy a house, you’ll sign and initial contracts for each offer, and when one is accepted, it’s now officially a purchase agreement , which becomes a legal document. Matt Laricy is a top agent in Chicago , completing 41% more sales than the average agent in his area. Matt Laricy. Real Estate Agent.

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Realty Biz

SEPTEMBER 25, 2023

Risk mitigation: By conducting thorough due diligence, a real estate attorney can identify potential risks and help you make informed decisions, minimizing the chances of future legal complications. The post How to Find a Real Estate Attorney appeared first on RealtyBizNews: Real Estate Marketing & Beyond.

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Redfin

APRIL 13, 2022

Simply put, a rent-to-own home is a residential property that you agree to live in as a rental for a set number of years with the option to purchase the house at the end of the rental term. With most rent-to-own agreements, the renter pays an additional monthly payment that goes toward the down payment. Purchase price agreement.

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HomeLight

JULY 23, 2021

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. A home will nearly always remain active on the MLS during this time because the seller hasn’t actually said “yes” to a sale yet. Source: (Andrey_Popov / ShutterStock).

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Marco Santarelli

SEPTEMBER 6, 2023

Financial Planning: Assessed land value is a critical factor when planning the financial aspects of a land investment, including budgeting, financing, and setting a reasonable purchase price. It is determined based on various factors, including the property's size, location, improvements, and local real estate market conditions.

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Redfin

MARCH 12, 2021

Earnest money is a type of security deposit, also known as a “good faith” deposit, offered to show the seller of a home that you’re serious about purchasing the property. At this stage, various inspections, appraisals, and possibly other contingencies you had in the offer contact move forward to finalize the sale. .

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HomeLight

DECEMBER 30, 2021

Your agreement with a buyer’s agent may be one of the first legal documents you’ll encounter when buying a home. Dobbs works in Illinois, where buyer representation agreements are not common. This is why it’s so important to have a thorough home inspection conducted during the due diligence period of your purchase agreement.

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HomeLight

JANUARY 25, 2021

Even in a hot real estate market, “move-in” ready remains king among today’s homebuyers. House flippers usually purchase houses for cash as-is, saving homeowners the expense of making repairs that lenders might require, along with the stress of showing and staging the home. Find House Flippers Near You. You need to relocate fast.

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Purchase and sale agreement Investor Inspection Due diligence 104

Toronto Realty Blog

JUNE 2, 2021

I have a RECO complaining pending for a blog I wrote last month about transparency in the market, which I find highly ironic, since the mere notion that somebody is complaining about my transparency demonstrates how the old-guard of real estate is trying to keep everything in this industry hush-hush. Not in our market.

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HomeLight

JULY 12, 2022

If you are thinking about selling your home, those low-hassle, convenient, fast-sale pitches may pique your interest. You may be curious about getting an online quote for the sale of your home. These buyers will provide an online quote to purchase your home—often sight-unseen. Like you, they thought there had to be a catch.

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Realty Biz

JULY 31, 2023

Preparing the property for sale involves cleaning, decluttering, and making it presentable. Some houses may require minor repairs and cosmetic updates, while others might need extensive renovations to make them marketable. Be open to negotiations: Understand that buyers may negotiate for a lower price due to the property's condition.

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HomeLight

APRIL 11, 2023

Individual program details frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Close the sale and get paid quickly.

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Redfin

MAY 24, 2022

Congratulations, you’re in the market to buy a house. Or, maybe you’re listing your home for sale in Anchorage, AK , you most likely want top dollar for your property. Before you contact the nearest agent from a Google search, know how to choose a top real estate agent before you sign an agreement.

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Toronto Realty Blog

MARCH 30, 2022

If we talk about the current market, the future of real estate, or even the past and how we got here, we simply must look at politics, since it’s legislation and decision-making at all three levels of government that have, will have, and have had the greatest affect on real estate. What’s happening in the market?

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HomeLight

JUNE 23, 2022

In many cases, if a homebuyer wants to back out of a contract and retrieve their earnest money, they’ll be able to find a way to do so within the confines of the real estate purchase contract. The typical amount is around 1% of the purchase price (ex. $5k 5k for a $500K home). Is earnest money refundable?

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HomeLight

JANUARY 27, 2021

And some states allow a kind of real estate deal known as dual agency — when an agent represents both the buyer and the seller in the sale. Look into each agent’s availability as well; this can be critical in a very active seller’s market. This agreement outlines how your agent will get paid, most likely from a commission on the sale.

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Redfin

MARCH 3, 2022

You’ll want to rethink purchasing that beautiful new couch and hold off on planning those backyard additions before the title has been cleared. Unless you’re submitting an all-cash offer, you’ll need to obtain financing to purchase your home. The home appraisal is lower than the sale price. Financing issues.

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HomeLight

AUGUST 24, 2022

Individual program details can also frequently change — please visit a company’s website for the most up-to-date- information on each program’s fees, market coverage, business model, and more. Maybe your company is transferring you from Atlantic City to Las Vegas, and you don’t have time for a lengthy home sale process.

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HomeLight

MAY 24, 2021

He’s been in the business 14 years, sold more than 1,400 homes, and closed more than $325 million in sales volume. At the same time, we don’t wanna have it sit on the market for like six or seven months just testing the market, is that correct? He’s an active agent and a team leader. Would that be okay?”

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HomeLight

SEPTEMBER 15, 2021

Even if you’re listing your home without a Realtor’s® help, you’ll still need to gather the necessary paperwork for the sale and fill it out correctly. We hope it helps illuminate this tricky part of the sale, while giving you an honest idea of just how complex real estate transactions can be! Original sale contract.

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HomeLight

FEBRUARY 14, 2022

These possibilities can be stipulated in the rent-to-own agreement — which is also sometimes referred to as lease-purchase, or a lease-option agreement. With a rent-to-own or a lease-purchase agreement, however, the tenant has already agreed to buy the home after a specified period.

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HomeLight

SEPTEMBER 10, 2022

Say you’re visiting yard sales on a Saturday morning and you come across the perfect wicker patio set, exactly what you’ve been looking for. Kick-out clauses are often employed when the buyers have to sell their current home first, and the sellers want to continue marketing their home in the meantime.

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HomeLight

SEPTEMBER 14, 2020

He’s been in the business 14 years, sold more than 1,400 homes, and closed more than $325 million in sales volume. At the same time, we don’t wanna have it sit on the market for like six or seven months just testing the market, is that correct? He’s an active agent and a team leader. Would that be okay?”

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Closing Purchase and sale agreement Agents As-is 61

HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses.

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Sales Purchase and sale agreement Earnest money deposit Investor 66

HomeLight

FEBRUARY 4, 2022

If you haven’t purchased a home before, you probably have lots of questions about the process. Source: (LinkedIn Sales Solutions / Unsplash). Work with you to write a compelling purchase offer. Guide you through the steps of due diligence and inspections. Agents really know the real estate market.

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