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…
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…
Title Work Why Do I Need A Title Company? A title company is more than just a place to close your property. The role of a title company is to verify that the title to the real estate is legitimately given to the home buyer. Each state has specific laws and regulations when it comes…
Why Deals Fall Through Real estate has many moving pieces. You have sellers, buyers, a mortgage company, a title company, an appraiser, an inspector, a listing agent, a buyer’s agent, an insurance company plus any friends and family of the buyers or sellers. Even after you have a signed purchase agreement, there can be a…
5 Reasons why Homes Don’t Sell Listing Expiration Even with all the benefits of listing on the MLS, thousands of listings expire nationwide daily. A common listing term is 180 days or 6 months, starting when property is first marked active on the MLS. An Expiration on the MLS usually triggers an open floodgate of…
