Details of a Listing Contract Obviously the name of the seller and the property address will be included in the listing contract. There are many other things that are included, too, and you should be aware of them. Price and Terms of Sale When setting the terms of sale, the main thing you are concerned …
Category: Real Estate Tips
Oct 17
Types of Listing Contracts
Types of Listing Contracts There are several different types of listing contracts, but very few of them are used. The “Exclusive Right to Sell” is the most common, but there is the “open listing,” the “exclusive agency listing,” and the “one-time show.” Open Listing The “open listing” is mostly used by people trying to sell …
Oct 17
Want to Start Off With a High Sales Price? Beware!
When Your Selling Price is too High, Beware! Meeting With Real Estate Professionals So you’ve decided to sell your home and have a fairly good idea of what you think it is worth. Being a sensible home seller, you schedule appointments with three local listing agents who’ve been hanging stuff on your front doorknob for …
Oct 14
Getting Your House Ready to Sell
Getting Your House Ready to Sell Introduction – Emotion vs. Reason When conversing with real estate agents, you will often find that when they talk to you about buying real estate, they will refer to your purchase as a “home.” Yet if you are selling property, they will often refer to it as a “house.” …
Oct 14
Selecting Service Providers
You and the Seller Must Agree Buying a home does not occur in a vacuum, involving only you and the seller. There are all kinds of people and services involved behind the scenes to make it happen. Since some of these services affect both you and the seller, there will have to be an agreement …
Oct 13
How FHA and VA Loans Affect Your Offer
Extra Costs to the Seller If you are obtaining a VA or FHA loan in order to finance your purchase, you must include that information in your offer. This is because government loans place additional financial and performance obligations on the seller. Non-Allowable Fees First, VA and FHA loans prohibit buyers from paying certain types …
Oct 13
Real Estate Investing from an expert – Anthony DiDonato
Is real estate investing right for ME? For many real estate investors, the deals they make are about a lot more than building profits or increasing cash flow. Many real estate investors love what they do because they can and do help people. You can structure deals that earn you income while helping a family …
Oct 13
Anthony DiDonato a “Short Sale” Expert
Buyers pursue short sales to get great deals on distressed properties. So when you see a low price listed for a home that you think is too low for the neighborhood, before you jump on that price, ask your agent to call the listing agent to find out if the home is a short sale. …
Oct 12
How Financing Details Affect Your Offer
How Financing Details Affect Your Offer Most buyers do not have enough cash available to buy a home, so they need to obtain a mortgage to finance the purchase. Since you will probably make your purchase contingent upon obtaining a mortgage, the seller has the right to be informed of your financing plans in order …
Oct 07
Writing an Offer – Safeguards Regarding the Property
Writing an Offer – Safeguards Regarding the Property Disclosures From the Seller Although you have toured the property, looked at the walls and ceiling, turned on the faucets and played with the light switches, you have not lived in it. The seller has years of knowledge about his or her home and there may be …
Oct 06
Offering to Purchase Real Estate- the Basics
Writing an Offer to Purchase Real Estate Once you find the home you want to buy, the next step is to write an offer – which is not as easy as it sounds. Your offer is the first step toward negotiating a sales contract with the seller. Since this is just the beginning of negotiations, …
Oct 05
Major Factors Influencing your Offer Price for the home you wish to purchase.
How Property Condition Affects Your Offer Since you have toured the property you are interested in, you should know how it compares to the general neighborhood. All you have to do is put the home in one of three categories – average, above average, or below average. When evaluating a home’s condition, there are a …
