HomeLight

MARCH 2, 2022

Up next: The home inspection. Once the buyer orders a home inspection, your home is in the hot seat. Even if you’ve gone through the house with a fine-tooth comb and listed anything and everything on the seller’s disclosure , the home inspection might reveal issues that you weren’t aware of or are worse than you thought.

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Housing Wire

DECEMBER 8, 2023

Includes current issues and trends in AZ real estate & property inspection issues CE Sales Package #1 with Ethics: 12 of the 24 required hrs of coursework (9 mandatory & 3 general hrs). ASREB’s courses, textbook, and exam prep content are written and taught by knowledgeable industry experts.

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HR Purchase and sale agreement Pre-approval Staging 434

The Close

NOVEMBER 25, 2024

In this “How to Buy a Multifamily Property” guide, I’ll walk you through deciding which type of multifamily property you want to purchase, picking the right lender, and running the numbers to ensure profitability. Purchasing a multifamily property is an excellent way for investors to generate steady income.

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Purchase and sale agreement Property Management Hard money loan Investor 105

Toronto Realty Blog

NOVEMBER 14, 2024

Theoretically, it’s present in every industry, in every business, and in the lives of every worker-bee in their pursuit of professional glory. Through eighteen years and several thousand blog posts, I have lamented all that is wrong or required a little tinkering, in our industry. TorontoRealtyBlog Progress! As it should be.

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MLS Purchase and sale agreement Staging Agents 98

HomeLight

MAY 27, 2021

And while you understand that a home inspection and appraisal are integral to selling your house, it’s easy to forget how these processes work. Costa is also the author of “ What Every Realtor Should Know About Home Inspections: A Guide to Avoiding Traps and Common Mistakes ”. What is a home inspection?

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Inspection Purchase and sale agreement Pre-approval Loans 105

The Close

NOVEMBER 7, 2024

Have a clear investment strategy and long-term goals before purchasing. Next, draft an operating agreement that outlines your company’s purpose, structure, and governance. Tax liens and auctions: Search for tax lien sales and foreclosure auctions. Stay updated on local and national real estate trends and regulations.

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Hard money loan Purchase and sale agreement Investor Due diligence 98

Toronto Realty Blog

SEPTEMBER 19, 2022

I have been perhaps the harshest critic of the pre-construction condominium industry in Ontario over the past two decades. I have two clients who I would classify as “experts” in pre-construction investing, neither of whom purchase through me, since I have never sold a pre-construction condo. I have no doubt about that.

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Toronto Realty Blog

JANUARY 27, 2023

TorontoRealtyBlog “SCE” Three letters that are wreaking havoc in the real estate industry right now. Let’s say that your home in listed for sale and you receive an offer, but the offer has a condition. Two days after the buyer and I have come to terms on the agreement, a subsequent buyer wants to make an offer.

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HomeLight

JANUARY 5, 2022

Unlike taking your house off the market , withdrawing from a purchase contract can cost you big time. In this blog, we explain under what circumstances a seller may cancel a home purchase agreement. Why might a seller want to back out of a home sale? But are you stuck? Not necessarily.

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HomeLight

JULY 30, 2021

We’ve researched the ins and outs of rent-to-own homes , as well as talking to experienced real estate agents about how a renter and landlord can enter into such an agreement, the pros and cons of doing so, and just what it means for you as a buyer if you decide to rent-to-own. Lease-option agreements. Lease-purchase agreements.

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Purchase and sale agreement Debt-to-income ratio Pre-qualification Inspection 98

The Close

SEPTEMBER 19, 2024

These negotiation strategies are vital elements of real estate transactions and often determine the success or failure of a property sale. By mastering these techniques and learning from real estate counteroffer examples, agents can ensure that buyers and sellers achieve mutually beneficial agreements.

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Purchase and sale agreement Agents Inspection Home sale contingency 97

Marco Santarelli

NOVEMBER 23, 2024

Conducting due diligence is essential before committing to a purchase. This includes reviewing property inspections, understanding the zoning regulations, and exploring the potential risks and rewards associated with each property. Cons: Time-consuming: It can take time to accumulate enough profits to purchase another property.

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Hard money loan Purchase and sale agreement Due diligence Renovation 52

HomeLight

MARCH 31, 2022

Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% With such impressive sales figures, some Florida sellers may be curious about how to sell a house by owner in Florida — a decision that could help them save on agent commissions. Average home sale price in Florida: $530,419 (Jan 2022).

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HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado.

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Purchase and sale agreement Inspection Inspection contingency MLS 115

Broke Agent Media

FEBRUARY 21, 2023

But navigating the complex legal landscape of the real estate industry can be challenging, especially for those new to the field. It’s a reasonable expectation that the seller disclose any material defects that are not easy to spot during a walk-through inspection of the property.

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Purchase and sale agreement Agents Inspection MLS 98

HomeLight

MARCH 31, 2022

price increase , pushing median sale prices to upward of $350,000. With such impressive sales figures, some sellers may be curious about how to sell a house by owner in Arizona — a decision that could help them save on agent commissions. Median sales price: $449,900 (Feb. Median sales price: $449,900 (Feb. 2022 , a 28.5%

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Purchase and sale agreement Inspection Inspection contingency MLS 110

Realty Biz

OCTOBER 20, 2023

This value is based on a variety of factors, including the property's location, size, condition, and comparable sales in the area. If the appraised value comes in lower than the agreed-upon purchase price, it may give the buyer an opportunity to renegotiate the price with the seller.

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Purchase and sale agreement Inspection Finance Loans 112

HomeLight

FEBRUARY 14, 2022

This includes perspective from Margaret Labus , a real estate agent in the Lake Geneva , Wisconsin, area, who has 18 years of industry experience. These possibilities can be stipulated in the rent-to-own agreement — which is also sometimes referred to as lease-purchase, or a lease-option agreement.

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Purchase and sale agreement Due diligence Finance Equity 109

HomeLight

NOVEMBER 29, 2021

According to the National Association of Realtors® (NAR) 2020 Profile of Home Buyers and Sellers, 8% of homeowners opted to sell for sale by owner , or FSBO. It takes more than a for sale sign staked to your front lawn to sell a home without an experienced agent. Prepare your home for sale. Source: (Kelly Sikkema / Unsplash).

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Purchase and sale agreement MLS Inspection Agents 98

HomeLight

OCTOBER 25, 2021

“In the right scenario, yes,” it may make sense to sell to your renter, says AJ Petterson with The Advisory Realty Group , a high performance real estate team in Minneapolis that also specializes in Townhome sales. As is advisable in any home sale, work with a top real estate agent to evaluate the strength of your renter’s offer.

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HomeLight

MAY 19, 2022

We also have additional insights from Graham Alexander, Solar Sales and Design Manager at Southern Energy Management in Raleigh, North Carolina, who has 17 years of experience in the solar industry. Before having solar panels installed, your roof should be inspected to see if it’s in good repair. The age of the system.

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Purchase and sale agreement Debt-to-income ratio Finance Loans 122

HomeLight

NOVEMBER 1, 2021

Industry experts estimate that sellers can expect to pay anywhere from 6% to 10% of their home’s purchase price in closing costs when it’s time to sell. To top it off, buyers sometimes ask sellers to pitch in for their closing costs, too — another 2% to 3% of the sales price. Property inspections. Should you consider it?

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HomeLight

OCTOBER 20, 2022

For Sale By Owner (FSBO). Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Original sales contract. Many FSBO sellers will purchase a pre-listing appraisal. Pre-inspection. Get Estimate.

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Purchase and sale agreement Pre-approval Inspection Title 111

HomeLight

OCTOBER 30, 2020

A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. And if you add a home sale contingency into the mix (that is, if you need to sell your current home before you can buy a new one), closing the deal can take even longer. Problems come up during inspection.

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HomeLight

FEBRUARY 4, 2022

If you haven’t purchased a home before, you probably have lots of questions about the process. Source: (LinkedIn Sales Solutions / Unsplash). Work with you to write a compelling purchase offer. Guide you through the steps of due diligence and inspections. An agent is your advocate. And lots more! Is the price right?

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Agents Purchase and sale agreement Due diligence Inspection 115

The Close

JUNE 4, 2024

Once a listing agreement is signed, you are responsible for listing the home for sale. Once a rate is agreed upon, both parties sign the listing agreement, which also acts as the compensation agreement. Buyer’s Agent The buyer’s agent helps potential homebuyers find a property to purchase.

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Agents Purchase and sale agreement Commercial Title 98

HomeLight

DECEMBER 30, 2021

Gaining an early understanding of the legal documents for buying a house will help you avoid confusion and keep stress levels to a minimum while you’re in the midst of negotiations , inspections , and closing. Your agreement with a buyer’s agent may be one of the first legal documents you’ll encounter when buying a home. Contingencies.

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Purchase and sale agreement Title Closing costs Seller disclosure 98

HomeLight

DECEMBER 10, 2021

Just how much do you stand to lose if you list your home as an as-is sale ? To find out what affects offer prices when selling a house as is, we rounded up this select group of industry pros for insider answers: Wisconsin-based real estate agent Kim Batterman , who has more than 15 years of industry experience.

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Toronto Realty Blog

NOVEMBER 14, 2022

Often, an agreement to purchase real estate will have a conditional period to allow for various steps to be completed by either the buyer or seller. . An appeal decision in Ontario’s Divisional Court affirmed that a party cannot generally sue for compensation under an agreement until it is firm and binding.

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Purchase and sale agreement Brokerage Agents Finance 98

HomeLight

JANUARY 25, 2021

House flippers usually purchase houses for cash as-is, saving homeowners the expense of making repairs that lenders might require, along with the stress of showing and staging the home. A traditional sale might be what you had in mind when you originally bought your home. Is the property damaged or are you facing a personal emergency?

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Purchase and sale agreement Investor Inspection Due diligence 111

HomeLight

JANUARY 28, 2022

Commissions are typically calculated as a percentage of a property’s sale price, though some brokerages will charge a flat fee. of the home sale price, according to HomeLight’s real estate transaction data of thousands of home sales each year. The average real estate agent commission rate nationwide is 5.8% Average home price.

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Agents Purchase and sale agreement Brokerage MLS 119

HomeLight

JANUARY 28, 2022

We buy houses” companies are flippers who purchase properties “as is” for cash and renovate them, generating a profit at resale. We buy houses” operations are cash buyers or house buying companies that purchase homes directly from homeowners. But no one wants to be taken advantage of, conned, or ripped off. “We

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Purchase and sale agreement Investor Agents Sales 111

Toronto Realty Blog

MAY 5, 2021

With Monday’s blog post, and with a rash of recent articles about real the real estate industry, it’s certainly “Hate on a Realtor” week. If you purchased a condo and the listing read, “525 square feet,” what would you take that to mean? The brochure stated, “buyer to verify measurements.”.

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Purchase and sale agreement MLS Due diligence Agents 105

HomeLight

JUNE 19, 2023

Tell us a little bit about your plans (where you’re looking to buy and when you want to make a purchase) and we’ll connect you with top-rated buyer’s agents in your area. LandWatch is a free online resource you can use to search for rural properties and land for sale. It takes only a few minutes, and it’s free.

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Toronto Realty Blog

AUGUST 29, 2022

Announces 3-Day Cooling Period For Home Sales To Reduce Risk To Buyers” July 21st, 2022. From the article: British Columbia has announced a mandatory three-day period to allow homebuyers time to arrange an inspection and take other important steps like securing financing in the province’s high-pressure real estate market.

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The Close

AUGUST 9, 2022

The benefit of a 1031 exchange is that it defers the taxes that would normally be paid on the capital gains from the sale of a property. A 1031 exchange is the process where a person sells one investment property and purchases another “like-kind” property (or multiple properties) of equal or greater value than the property sold.

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Toronto Realty Blog

OCTOBER 17, 2024

If we’re being even more honest, I don’t blame them, as we’ve talked many times about the dearth of quality agents in this industry, and I’m sure we’ll touch on that again. A client of mine referred me to a friend of his who was looking, along with his partner, to purchase their first property. Let’s start with the showing itself.

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Purchase and sale agreement Brokerage Agents Inspection 105