Last Update: May 5, 2022
REO Properties For Sale
REO (REAL ESTATE OWNED) property describes a specific property: A property that has been foreclosed on and has been taken back by the mortgage lender or trustee. A REO is created from an unsuccessful foreclosure sale, where the bank or lender cannot find a buyer for the property in its present condition. REO Vs Foreclosure.
Actived: 2 days ago
Finding a Realtor
(6 days ago) However, real estate agents represent only a portion of the members of NAR. Other professionals who join this organization include: appraisers property managers escrow officers loan officers title representatives salespeople (for example, homeowners insurance salesperson) brokers counselors
Role of Real Estate Broker
(5 days ago) A real estate broker makes the home transaction process easier and the real estate broker is responsible for a number of different processes. Choosing the correct real estate broker is instrumental in making either the home selling process or …
Realtor's True Value
(8 days ago) The term realtor applies to a real estate professional who is a member of an international organization called the National Association of REALTORS®, or NAR. This organization includes many real estate agents, but also includes other real estate professionals such as:
Buying Bank Owned Properties
(7 days ago) The term Real Estate Owned propriety is sometimes used ambiguously, but has a specific meaning in the real estate industry; a property that has been fore-closured on by a bank or Loan company and has reverted back to the ownership of the lender. So as already explained above an REO is the result of property that has been foreclosed on, and is
(8 days ago) One of the first things a real estate agent does when listing a property for sale is to inspect it visually to determine its boundaries that are observable by the naked eye and also to note any potential problems or discrepancies. If the agent decides that the listing diverts from the advertised description, the agent will reference a surveyor
A House Or A Home
(6 days ago) Real estate articles tend to use the words “house” and “home” interchangeably. This is mainly for the sake of variety, so you’re not hearing the same words over and over again. The truth is, “house” and “home” mean two very different things. The word “house” really only refers to a physical structure. It is a material
(6 days ago) My parents look like real estate geniuses. They recently the sold our home (the home I spent the vast majority of my childhood in) for $230,000. This seems like an average price for a decent home, but when you consider that they paid $24,000 for it in 1984, it seems like huge accomplishment.
Making an Offer The Basics
(5 days ago) This is the first, most crucial and most basic step in making an offer on a real estate property. The Proposal: Your Offer. What Affects An Offer. Closing Date. Writing An Offer. Financing. FHA & VA & Your Offer. Buyer And Seller. Searches. The first thing you should do is start with a written proposal. This, of course is not a contract, but
How To Interview An Agent
(4 days ago) All real estate agents can access to the MLS, so in theory, all it takes is a simple phone call to any random real estate agency, and you'll come across an agent prepared to bring you to properties for sale. However, you have no idea what caliber of agent you're dealing with. Is the agent high quality, or simply the Joe (or Jane!)
Why Delay The Purchase Of A Home
(1 days ago) Closing costs and real estate commissions can be considerable when buying a home but eventually the appreciation of the land and property will financially cover these one time costs. However, by having to sell your home before reaping these long-term fiscal advantages will put you in a financial bind.
Property Conditions Of An REO
(2 days ago) Property Conditions Of An REO. With the current glut of homes available for sale these days, the pickings can be great. Foreclosures and bank-owned properties are abundant and, with the help of a real estate professional who is skilled in the REO market, you can likely find a great buy. Having said that, there are a few things that are peculiar to buying in such a market, and when …
REO Vs Foreclosure
(7 days ago) REO Vs Foreclosure. REO is an abbreviation for a REAL ESTATE OWNED property. The term REO can be used ambiguously, to describe a specific type of property, but in real estate the phrase real estate owned property indicates that the property in question has been foreclosed on and has been taken back by the mortgage lender or trustee.
(Just Now) A Real Estate broker has legal and ethical obligations to you as a client. The responsibilities of a broker are fiduciary, meaning that they handle funds on behalf of their clients - this requires a deal of trust which is not only a responsibility binding the broker to act professionally but is also a …
Signs of a Good Realtor
(7 days ago) Professional real estate agents communicate well. Even during the interview process when you're deciding to hire an agent, he or she should quickly respond to your emails and phone calls. The best agents try to work around your schedule and …
About Realtors And Agents
(Just Now) Real estate agents represent only a portion of the members of NAR. A person who is a realtor may be a professional outside of direct real estate sales, such as an appraiser, property manager, escrow officer, loan officer, title representative, homeowner insurance person, broker, or a counselor. Unfortunately, Ignorance Can Be Less Than Bliss
How Do I Find A Good Real Estate Agent
(5 days ago) Real estate firms obviously want your business and will send their best agents to consult with you in order to win your business. Regardless of how you obtain a good real estate agent, it is important that your agent follows these criteria: they typically work full time and have several years of real estate experience.
What Is A Real Estate Agent's Commission
(2 days ago) Typically, real estate agents ask for 6% of the total sale price of a property. Some agents may ask as low as 4%; others may ask up to 7% or 8%. If an agent asks for more than 6%, be sure to ask them to justify this number. If a property will be especially difficult to sell and will require a lot of the agent's time, it's reasonable for the
List Price Vs. Sales Price
(1 days ago) Generally in the real estate business those wishing to sell or purchase a property seek the services and advice of a real estate agent, broker or attorney. Whether you choose to solicit the services of any of these people is entirely your choice, and there are positives and negatives to each one of them.
Does Anyone Know A Good REALTOR
(7 days ago) Does Anyone Know A Good REALTOR? So, What's The Difference. The question as to whether a real estate agent is the same as a realtor is a common one. The equally common assumption is that they are the same. However, while many real estate agents are realtors, not all realtors are real estate agents.
(Just Now) Mortgage Calculators. The free market economy under which the real estate market functions is ideal for both sellers and buyers of property. If there are few good quality houses on the market then the seller can usually expect a bidding war for their property to develop, pushing up the price.
Moving the Real Estate Market
(9 days ago) The ability to buy a piece of real estate can be influenced greatly by any changes in interest rates. That translates this way: interest rates fall, meaning the cost of getting a mortgage is lower. So, more people get mortgages pushing the prices of real estate up because there's more demand for housing.
(5 days ago) An even better source of information is a local real estate agent, who can give you access to all kinds of community statistics that might be useful to you. As well, prospective buyers will want to know how close the home is to major employment areas. A popular trend among homebuyers is to move to “bedroom communities” of big cities; fairly
Buying Real Estate
(2 days ago) Buying Real Estate. Congratulations! You've found one of the best places that will help you make most educated decision about buying a real estate. We have complete information about how to look for agents, how to find listings in your area and how to …
(3 days ago) This radically shifted many of the dichotomies that people had grown accustomed too, and were planning their financial future around. The following guide should be used as tool, to identify the major principles and misconception about residential neighborhoods and their over-all place in the real estate market.
Beware The Broker
(8 days ago) Beware The Broker Real Estate Licensing. When you decided to purchase your home, you choose a real estate agent or a Realtor to work with who is required by law to be licensed to sell real estate. Additionally, a Realtor often acts as an agent for one of the parties (usually the buyer). Sometimes a buyer's agent is contracted as well.
The Qualified Senior Real Estate Specialist
(3 days ago) Seniors Real Estate Specialists are Realtors who have undergone special training to give them the knowledge to counsel 50-plus clients through the buying and selling process. They can offer practical and appropriate options and information necessary to make the right decision about the home, both for the present and for aging in place.
Comparing Sales Pending Transaction
(5 days ago) The Real Estate is a market where prices fluctuate freely and fast; the best comparable sales are based on pending transactions. The ideal comparable sale would be a pending transaction of a house that is within six to ten blocks of the house you want to purchase - or less, if there's a highway or another line that divides the neighborhood.
Are property taxes deductible
(8 days ago) Property taxes are government levies that are based on the assessed market value of an individual's property. This assessed value is based on the analysis of your county assessor's office. Property taxes on all forms of real estate are fully deductible against current income taxes.
Marketing A House
(8 days ago) Marketing Is The Key. Good marketing is the key to selling a home. Once you've signed with an agent, her or she will market your home to other real estate agents. Your agent is called the 'seller's agent.'. These other agents are called 'buyer's agents.'. They work for individuals, couples, families or groups that are looking to purchase a home.