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Communication Tips for Real Estate Can Mean a Smoother Transaction

McKissock

It begins with the listing agent’s communication skills and accessibility to the seller. Keep reading to learn how you can better communicate with all parties involved in a real estate transaction, including sellers, buyers, other agents, lenders, and closing officers. Types of communication problems.

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The REO Guide: 10 Steps to Buying a Bank-Owned Home

PennyMac

In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. Make sure to consider the inspection process as you are making your offer. Step 7: Have the Property Inspected.

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Buying A Foreclosed Home In 6 Steps

Quicken Loans

In some short sales, the owners’ bank agrees to take this loss to get the home sold and the mortgage (which might otherwise go into default) off their books. Even if the sellers agree to your offer, their bank or lender might reject it if it’s too low. You might have to place an offer or bid before viewing or inspecting the home.

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NFT mania and the future of the home sale

Housing Wire

Absolutely, I will offer an NFT option to sellers within the next year,” said Richard Hopen, a Compass agent in Short Hills, New Jersey. The Gulfport seller, Heckler explained, created a limited liability company that held ownership of the home. Propy then guided the seller into minting the LLC as an NFT.

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Home Inspections: What Buyers Can and Cannot Do

Will Springer Realtor

One of the most valuable components to a buyer’s offer is the home inspection contingency, an opportunity to check the condition of the property before agreeing to close the deal. That’s okay during a private visit – preferably with full knowledge of the seller and listing agent – but highly frowned upon during an open house.

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What Is a Foreclosure and How Does it Work?

Quicken Loans

Or, if there is an escrow shortage due to a rise in property taxes or insurance premiums, the escrow payment will increase. And since property taxes and homeowners insurance are typically paid through the monthly mortgage payment, the monthly payment will rise as well. Buying a Home in Foreclosure or an REO Property.

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Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. Market value is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. You may need a commercial valuation for many reasons.