Guides (Page 21)

For Sale by Owner Tips

Do strangers scare or intimidate you? If you're planning to try to sell your home yourself, you'll have to get used to it. You'll also be opening yourself up to potentially dangerous situations and legal liabilities. That's why even many experienced real estate agents will hire another agent to list their own home. Even so, the lure of saving the usual six percent sales commission is hard to... ❯❯❯

Using a Real Estate Agent to Find Your Home

Having trouble trying to decide which home to buy in a particular area? Most people do - if you’re moving into an area and haven’t lived there before, you simply won’t be familiar with much in the way of where you should go. The solution: retain a real estate agent to do it for you. Most people are familiar with real estate agents from selling houses, acting in their role as a broker. However,... ❯❯❯

Dealing With Dual Real Estate Agents

Historically, real estate agents have represented the seller of a property. The seller, after all, is usually the one who pays their commission, and agents therefore have a fiduciary relationship with the seller. This in no way means that agents may operate outside the bounds of the law and ethical conduct of course. It just means that the real estate agent is just that, an authorized agent of... ❯❯❯

Real Estate Auction Action - Buying A Home At Auction

Due in part to the popularity of the U. S. Department of Housing and Urban Development (HUD)'s home auction program, more potential homebuyers than ever are buying homes at auction. Homes for auction aren't limited to just HUD, however. Many government entities auction homes for payment of back taxes, and some homeowners even auction their homes on eBay.com! Homebuyers considering buying a home... ❯❯❯

Understand a Real Estate Appraisal

Happy New Year. Make a difference this year. "Pay it forward" as in the movie. If you haven't seen it, WOW, do. If you buy a house or refinance one, through a lender, you will have to have an appraisal. The reason it is required is FHA insures the loan, VA quarantees the loan and conventional loans are federally related. The easiest way to explain the process is from the beginning. There are... ❯❯❯

Finding the Right Real Estate Agent:: A Guide for Seniors

When considering buying or selling a home, seniors have a special set of needs that may not apply to others in the real estate market. The first time home buyer has a certain set of needs. Young families with small children have another. Seniors fall into a whole different category. It is important then, to make sure that the real estate professional you choose has the ability to meet the needs... ❯❯❯

Real Estate Investing Myths That Steal Profits From Your Pocket

One of the things that distresses us about our industry is the amount of wrong or incomplete information available to investors. Some myths block what otherwise would be a great deal, while others would have you believe that a bad deal is actually great. For example, we encourage purchasing homes “subject-to” the existing mortgage as an option to finance the purchase of an investment property.... ❯❯❯

Legal Information About the Real Estate Contract

The conclusion of final agreement between a seller and a buyer is the Agreement of Purchase and Sale. We know it as the real estate contract. There are five mandatory requirements for a contract under contract law: 1. The name, address and contact data for the seller(s) and buyer(s). 2. A clear description of the property. We prefer the tax map and parcel number but a street address, or other... ❯❯❯

Real Estate: Buyer's Agent, Seller's Agent & Dual Agent (defined and explained)

There is a relatively new and not always well understood practice in Real Estate sales; it is called Buyer Agency or Buyer's Agent. Until recently Realtors and agents usually represented the seller, in opposition to the buyer, during the real estate transaction. Even the real estate agent who drove you from home to home was not truly working on your behalf. By law, the agent was required to work... ❯❯❯

Should I Still Buy Real Estate After All That Has Happened?

Rehoboth Beach Delaware is called the Nation’s Summer Capital because we are such a common second home and entertainment location for the powerful and influential people of Washington D.C. There are few people making over $75,000 a year in the DC professions who do not frequent this area when they need privacy, space, fresh ocean air and relaxation. It’s not just summer that draws them anymore,... ❯❯❯