When you are selling your home For Sale by Owner or even with an agent, you’ll need to understand what kind of approval is provided with an offer. Many people get pre-qualification and pre-approval mixed up but they are entirely different as to how secure their financing is.
There is more to real estate investment than the property itself. A few decisions need to be made before you purchase the property. You will need to know certain calculations to make the right decision.
6% is the Standard Commission False THERE ARE NO STANDARD COMMISSIONs!!!!!! You as the owner can offer whatever commission you decide to offer on the Seller Agent side and Buyer Agent Side. To be on the MLS, you Must offer something to the Buyer Agent Side, anything from $1 to X% is acceptable. Large Agencies…
Seller’s markets occur when demand exceeds supply. For Example, there are more buyers seeking to purchase, than homes for sale on the market. This often leads to multiple buyers interested in a single property, resulting in bidding wars or highest and best scenarios.
A conventional mortgage or conventional loan is any type of home buyer’s loan that is not offered or secured by a government entity.
A Flat Fee Listing means a seller has paid their Brokerage an up-front fee for Real Estate Services. Brokers offer full services at higher costs, or limited service at lower costs.
Real estate appraisal, property valuation or land valuation is the process of developing an opinion of property value based on market statistics and property data
A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA). The basic intention of the VA home loan program is to supply home financing to eligible veterans. They also help veterans purchase properties with no down payment. A VA loan may be issued by qualified lenders….
The earnest money deposit ensures that the buyer is serious about the purchase of a property and not “SHOPPING AROUND” while taking properties off the market. The EMD will be credited on the closing statements.
An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan that is provided by an FHA-approved lender. FHA insured loans are a type of federal assistance. These loans have historically allowed lower-income Americans to borrow money to purchase a home that they would not otherwise be able to afford. Because…