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The National Association of Realtors (NAR) proposed settlement of litigation, recently given preliminary approval by the Court, has raised questions about whether buyers with limited resources, especially first-time home buyers , can afford closing costs. Here is an example of how that might work.
As a buyer agent , it is your job to be the voice of reason, the buffer, and sometimes the peacemaker. Here are some tips on how to make the real estate transaction process as smooth as possible for you and your buyer clients. Making an offer. Constructing a real estate offer is an art. Competing with other buyers.
Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. The home appraisal is something you can negotiate prior to going under contract as well, or even while under contract. Finding that rare all-cash offer isn't easy.
This refers to anything that the seller gives or grants to the buyer. What is a seller concession? Sellers are not the only ones who can grant concessions, but right now it’s in the news more due to changes this year in how we sell real estate and the forms and clauses we use to do so. Concessions are a normal part of negotiation.
Once a suitable piece of vacant land becomes available, a prospective buyer must then determine what price is worth the acquisition. In this posting, we will follow the acts of contract negotiation and legal settlement when undeveloped land changes ownership. Subsequently, the process of conveyance must proceed.
Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. Step 3: Find a Real Estate Buyer’s Agent Who Knows REO Homes. Depending on the lender, you may need to submit special contract forms or paperwork.
Prepare Your Home for Sale Preparing your home for sale involves more than just cleaning; it’s about creating an inviting space that allows potential buyers to envision themselves living there. Consider hiring a professional appraiser for a more accurate valuation.
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