Everything has a season – including selling your house. Listing at the right moment could mean more money in your pocket. The Christmas period is a notoriously sluggish time for the property market. With consumers pouring their resources into other areas, is it worth trying to sell your home in December?
Traditionally, spring is the hottest [...]
Contingent contracts are most often a good deal for a buyer and a riskier solution for a seller. Still you might consider it now when the market has slowed or if you have no other offers.
What sellers should put on [...]
There are generally three types: owner-occupied; second home; and non-owner- occupied properties {rental properties}. A mortgage on a non-owner-occupied property might have a slightly higher interest rate than an owner-occupied mortgage, as non-owner-occupied mortgages are more likely to default. Because of the higher interest rate, some unscrupulous borrowers will try to classify a non-owner-occupied mortgage as [...]
By Ilyce Glink
Realtor’s unprofessionalism pushes buyer to breaking point
Q: I am a first-time buyer and because of my real estate agent, I am very stressed and frustrated. I’ve been looking for a house since October. I won’t go into detail about the horrible behavior of my agent, because it would take too [...]
It depends. Simply because a property sells does not make it a comparable.
Often a duress sale doesn’t accurately reflect true market conditions, such as a foreclosure, short sale, estate settlement, tax sale, divorce, condemnation or other involuntary sale conditions. Professional appraisers use a standard called “arm’s length.” To qualify, the buyer or seller must not [...]
Question: If a buyer’s agent comes along, we show the house and the buyer makes an offer, what kind of realtor’s fee should we expect?
Answer: 2.7%+.
Almost everything is online these days, including buyers for Real Estate so if the simple fact that almost 8 out of ten buyers are on the internet these days shopping for that perfect home is important to you then the answer to your question is YES.
A reverse offer is an offer from the seller to the buyer. The seller proposes the terms he will accept after the buyer has expressed some interest. This can help a seller keep a buyer interested before they move on to another property, or if they are choosing between homes.
Q: Could someone explain the differences between a co-op and a condominium purchase?
A: A shareholder in a co-op does not own real estate, but a share of the legal entity that does own real estate. Co-operative ownership is quite distinct from condominiums where people “own” individual units and have little say in who moves into [...]
Q: I am about to put an offer on a short sale property. What is a short sale? What can I expect? Short sales sound very confusing. What am I about to get myself into?
A: A short sale occurs when a homeowner who is unable to pay the monthly mortgage owes more then their house [...]