article thumbnail

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.

article thumbnail

Red Flags Related to a Title on a Home

Will Springer Realtor

Preparing a home for sale includes dozens – or even hundreds – of steps choreographed between seller, agent and other key individuals. This typically occurs when a person (homeowner/seller, in this case) fails to pay child/spousal support. This can result in a reduced tax bill and, at times, lower tax assessed values of the property.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Eppraisal

Contacting the Seller The first question a buyer must answer is whether the lot is listed for sale or not. For a property that is listed with a real estate broker, the prospective purchaser should retain an experienced buyer's real estate broker to facilitate negotiations with the seller's broker.

article thumbnail

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?

article thumbnail

Crunching Numbers: Using an Investment Property Closing Costs Calculator

Listing Spark

But they leave off a significant cost that incurred at the very end of offloading the property: seller closing costs. However, seller closing costs are too big—and too complex—to leave as an afterthought. Why Calculate Seller Closing Costs For Every Property Investment? Surveys This is a relatively low-cost line item.

article thumbnail

Commercial Real Estate Appraisal Review: Essential Handbook to a Necessary and Influential 2nd Opinion

The Robert Weiler Company

Consider the grantor’s position when considering a disbursement for a mixed-use development, conservation easement, or specialty use property. An appraisal review is a second opinion or added insurance for the transaction to ensure the purchase price history, comps, adjustments, and disclaimers are accurate. Fannie Mae.

article thumbnail

Real Estate Appraisers Share How They Stand Out from the Competition

McKissock

” “I have a life long time in agriculture and worked at a title company, giving me a good understanding of legal descriptions and easements.” Also, I have appraised multiple airports and done various easement studies for research.” ” “Background in landscape architecture and real estate sales.”