We are often asked by both sellers and potential buyers what the various expenses are in the process of their sale or purchase of a home. The following is a summary of the traditional distribution of expenses associated with these transactions.
The initial pricing decision always remains one of the most important decisions an owner will make after selecting the agent with whom to entrust the representation.
In many other areas of the country, sellers provide full inspection reports and disclosure information for prospective buyers to review before deciding to make an offer.
When you’re buying or selling a house, you’ll likely reach out for a real estate agent. But how to choose? There are Realtors and just plain real estate agents, part-time and full-time agents, family friends who are in the business, maybe even neighbors down the street. How do you find the right real estate agent for you?
No doubt most appraisers are sufficiently skilled and experienced to be able to provide appraisals that are suitable for obtaining loan approval and are fully accordant with the professional appraisal standards.
You can expect that each agent you meet with will skillfully ask a lot of questions about the timing and location of the move you plan to make and provide basic counseling regarding the current marketplace and sale process.
The Residential Purchase Agreement (“Contract”) you are about to execute contains a “Liquidated Damages” provision.
It is important to note that there may be advantages and disadvantages for the parties to a Contract if they elect liquidated damages.
Just a few years ago, less than 20 percent of home sales involved any Internet use. Now over 70 percent of California sales involve buyers searching the Internet for homes, loans, real estate agents, quality of community and schools, and for information about the purchase process.
The definition of a “fiduciary” comes from the word “trust”. It refers to anyone who holds something in trust – or a trustee. The word “trust” includes a reliance on the integrity of another person, or placing confidence in someone else.
Generally speaking, there are three critical areas of concern in the acquisition or sale of a property. They are shelter, safety and financial security.
Before deciding which agent to entrust your listing to, you might benefit from considering several factors. There is much, much more to selling a home at top dollar than putting up a sign, entering it into the multiple listing service, running a few internet ads, and having other agents preview the property.
Even under the best of circumstances the sale of a home is usually an emotional process. A close friendship with one’s agent has both advantages and potentially serious drawbacks that should be considered before discussing a listing possibility.
