The rebate agent is being paid the same way as any real estate agent in a real estate transaction. The seller typically puts up 5-6 percent of the sales price to be split between the listing agent and the buyers agent (rebate agent). Depending on the commission split percentage, the Read more…
Going to many open houses will open your eyes to the possibilities and realities of owning a house. It is a good opportunity to see if your image of a dream house matches up to the real houses available for sale. Browsing homes on the internet is never the same Read more…
Community associations, aka home owners associations (HOA), are part of common interest developments. You share the well maintained common areas and amenities. In addition, you share the cost of the staff that comes with maintaining the common areas and amenities. Amenities, common areas, pools, gym, hallways, playgrounds are shared among Read more…
A promissory note is the main document to lay out all the terms, conditions, and payment information for the borrower to sign. It is a legally binding promise made by the borrower that they will repay the loan under the said conditions of the promissory note. Parts of the promissory Read more…
It is possible when you come across a house that is in contract and still make a bid on it because some sellers may consider having back up options if the original buyer has many contingencies on the contract which prevents them from completing the deal. For example, the buyer Read more…
The most that anyone could hope for is an educated guess of where the real estate market sentiment is heading. If anyone could predict the actual future price movements, they would buy all the inventory and keep it for themselves. Real estate agents look at the number of listings month Read more…
Budgeting is one of the fastest ways to get to home ownership. Make a budget each month based on how much you earn, how much you can spend, and how much you will save towards buying the home you want. Without a clear monthly budget, you may not be saving Read more…
A newly renovated house by an owner that has never lived in it, may not always retain a high value. It is important to inspect a house completed purely for flipping more closely than a home that was the seller’s primary residence because the flipper makes money on building with Read more…
These condominium buyer’s closing cost estimates provide an idea of how much additional funds are needed at the actual closing. The buyer’s attorney will provide a worksheet with numbers closer to the actual cost prior to the closing of the condominium unit. Learn how a buyer rebate can help offset Read more…
Closing cost estimates for the seller of condominiums and single family homes are only for reference. The exact cost to the seller will be different on the closing cost details provided by the seller’s lender and attorney. For the Seller of Condos and Single Family Homes Estimated Cost Notes Broker’s Commission Read more…