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Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation.
The importance of a fully modern open space preservation vehicle – a conservation easement in Ohio – cannot be better summarized than by our 26th President. Theodore Roosevelt, one of the nation’s original land protectionists, embodied the power and beauty of a conservation easement in the following quote: “Here is your country.
Whether youre representing a seller or assisting a buyer, the more accurate and complete the information you provide, the smoother the process will be. Accurate Survey Why It Matters: A current and accurate survey highlights property boundaries, easements, and encroachmentsall of which can affect a propertys value.
Creating an effective MLS (Multiple Listing Service) listing is crucial for attracting potential buyers and expediting the appraisal process. This allows both a potential buyer and the appraiser to see where this property falls within the real estate market.
Whether you’re working with a real estate agent or listing on the multiple listing service (MLS), having a clear, step-by-step plan ensures your investment property stands out in the local real estate market and attracts serious potential buyers. Make sure your marketing plan includes professional photography.
Whether you are a first-time home buyer or you're buying again, you will want to know how Due Diligence and Earnest Money impact you as a buyer or seller in North Carolina The following article is going to be regarding Due Diligence, Due DIligence fees, and Earnest Money in North Carolina Real Estate. Due Diligence: What Is it?
Georgia is a buyer beware state, so does a seller have to disclose repaired defects? Home sellers in Georgia must disclose known latent or hidden defects, things that might not be discovered during a reasonable inspection of the home. What happens if a home seller lies on the disclosure varies; every situation is different.
And if you are buying with cash, you'll want proof of income to show the seller's agent. Contingencies that are most common include the ability to pass environmental tests can get sewer permits, and that there is a current survey with boundaries that meet the buyer's needs. How much money do you need down to buy land?
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Preparing a home for sale includes dozens – or even hundreds – of steps choreographed between seller, agent and other key individuals. Buyers should read CC&Rs and all related HOA documents to understand the rules and potential risks of purchasing the home.).
The appraisal process is important for homeowners, buyers and sellers. You should also disclose any special circumstances or contingencies that may affect the value of the property, such as repairs, renovations, easements, or encroachments.
With a land contract, the seller provides the land buyer with the loan, instead of an institution. The loan is structured for the buyer to pay a down payment and repay the seller in installments. You must perform land buyer’s due diligence. Possible Title Issues (Easements, Foreclosure). Title Deed.
Consider the grantor’s position when considering a disbursement for a mixed-use development, conservation easement, or specialty use property. For decades, The Robert Weiler Company has assisted sellers, buyers, and investors in various real estate transactions. Fannie Mae. Trust the experts!
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Few sellers consider their neighbor's home when preparing to sell their own. If you find the neighbor's home unappealing, imagine your potential buyer's first impression. If you find the neighbor's home unappealing, imagine your potential buyer's first impression. Check out our Home Sellers Guide for tips and resources.
Many investors stop at calculating buyer closing costs, renovations, and holding costs. But they leave off a significant cost that incurred at the very end of offloading the property: seller closing costs. However, seller closing costs are too big—and too complex—to leave as an afterthought. Expect to spend between 7% and 10%.
” “I have a life long time in agriculture and worked at a title company, giving me a good understanding of legal descriptions and easements.” Also, I have appraised multiple airports and done various easement studies for research.” ” “Background in landscape architecture and real estate sales.”
However, with proper preparation, the right tools , and an understanding of the market, FSBO sellers can potentially overcome these hurdles. 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.
A real estate investor who builds homes should always keep the long view in sight: what will the re-sale price be and what kind of reputation does the seller have when all is said and done. Any easements to worry about? Access is a big issue for home buyers. What Kind of Land Should a Homebuilder Look For?
The ultimate ranch and farm buyer guide from the number one Realtor in Houston! The demand is higher and there are good deals to be made both for sellers and buyers of farm and ranch-style homes. We believe these are qualities that every home seller deserves from their agent. " – Christian (Google Review).
They can keep buyers up at night after going under contract on a home. The seller accepts your offer and you are officially under contract and the home will be marked contingent. Mortgage lenders will almost always require a home appraisal when buyers apply for a loan, as lenders want to ensure the buyer isn’t overpaying for the home.
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