Remove Inspection Remove Land Remove MLS Remove Purchase and sale agreement
article thumbnail

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.

article thumbnail

The Top 5 Legal Issues Every Real Estate Agent Needs to Know

Broke Agent Media

But any details found to be incorrect (or missing) can land you in court and do real damage to your credibility and, ultimately, your success as a real estate agent. Let’s say, for example, you use the square footage for a property that was on a previous MLS listing—or it was given to you by the seller.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Long Does a Short Sale Take? What to Expect When You’re Buying Short

HomeLight

Between searching for, viewing, negotiating , inspecting, and possibly renegotiating on a home, the road to the closing table is rarely a short one. And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. What exactly is a short sale? Source: (Freedomz / ShutterStock).

article thumbnail

The Meaning of Active Under Contract Explained

Realty Biz

In some places, active under contract indicates that a contract has been signed but is contingent on certain conditions being met before the sale is finalized. In other locations, the sale may be referred to as being contingent in the multiple listing service (MLS). Anything serious found may lead to the sale not completing.

article thumbnail

How to Sell a House by Owner in Texas

HomeLight

When the time comes to move, some tenacious homeowners in Texas are eager to take over the reins of their home sale and figure out how to sell a house by owner. Often, the decision to go for sale by owner (or “FSBO”) is motivated by a desire to save on agent commissions. That 6% is deducted from the seller’s proceeds at closing.

article thumbnail

Key Differences Between Creative and Traditional Real Estate Investing

Realty Biz

I don’t want to go too far into the history of real estate investing but setting sail across the seas to discover and conquer new lands was another investing strategy. Today, traditional investing involves finding available properties on the internet-based MLS (multiple listing system). Or a lease with an option to purchase.

article thumbnail

How to Sell Your FSBO Home with a Flat Fee MLS listing company

HomeLight

Mentions of flat fee MLS companies and links in this post do not constitute an endorsement. If you’re considering selling your home without the help of a real estate agent, you may want to use a flat fee MLS service to reach potential buyers. What is a flat fee MLS listing service? Let’s get started. Get Estimate.

MLS 96