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Buyer agency: a crucial historical shift in real estate

Housing Wire

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. This misconception obscures the reality that, historically, buyers lacked formal representation.

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Red Flags Related to a Title on a Home

Will Springer Realtor

A Homeowners Association can take legal action against an owner and win legal judgments for damages if rules are flouted – proceedings that may slow or prevent the sale. Buyers should read CC&Rs and all related HOA documents to understand the rules and potential risks of purchasing the home.).

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Purchasing & Developing Land - Part 2 - The Process of Purchasing Land

Eppraisal

Once a suitable piece of vacant land becomes available, a prospective buyer must then determine what price is worth the acquisition. In this posting, we will follow the acts of contract negotiation and legal settlement when undeveloped land changes ownership. Subsequently, the process of conveyance must proceed.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. They are also used to assess the value of the home for home improvement loans and insurance evaluations. Valuation for insurance claims. Any existing easements or zoning issues.

Appraisal 105
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7 Takeaways: Due Diligence Fee and Earnest Money in Real Estate

Raleigh Realty

Whether you are a first-time home buyer or you're buying again, you will want to know how Due Diligence and Earnest Money impact you as a buyer or seller in North Carolina The following article is going to be regarding Due Diligence, Due DIligence fees, and Earnest Money in North Carolina Real Estate. Due Diligence: What Is it?

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3 Things You Should Know About Preliminary Title Reports

Zillow

Among the dozens of records that serve to inform or disclose to the buyer significant knowledge about the property, the title report is one of the most important. It documents ownership, vesting, and detail regarding anything recorded against the home, such as liens, encroachments, or easements. Easements.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

There is administrative time involved, as well as legal factors. The clarifications were made to long-standing policies in our Guides intended to ensure the borrower has sufficient property insurance coverage in the event of a loss, and the February announcements did not change these policies. Many cannot get standard insurance.