A real estate lawyer can help prepare and review documents for your home sale, including the contract and title.
Buyer’s agent fees are negotiable. You might even find a seller willing to cover the cost to close the deal. An estimated 89% of homebuyers hired a real estate agent to represent them in their home purchase last year.[1]This article will explain what real estate p...
Real estate attorneys can also provide valuable advice to a buyer and seller engaged in a for sale by owner transaction. In this scenario, the lawyers can draft and review the purchase contract and help shepherd the transaction to closing, in the absence of a real estate agent. Whom do they...
You can find an inspector through theAmerican Society of Home Inspectorsor ask the real estate agent for a recommendation. Keep in mind that the home inspector's job is to look for areas that need repair, not address whether the home is worth the purchase price. The timing is dependent on...
But you’re a first time home buyer, money’s tight – how can you afford a buyer’s real estate agent? This is an excellent question. For several years leading up to 2023, the seller’s real estate broker would pay the buyer’s real estate brokerage out of their total commission. ...
As mentioned, an escrow agent acts as a neutral third party in a real estate transaction. Their job is to hold onto money during the transaction before agreed-upon requests are completed on both sides. In the case of buying or selling a home, neither the buyer nor the seller has access ...
In order to become a real estate agent, research needs to be done on your state's requirements. Each state has its own licensing requirements, and these can vary state to state. Regardless of the location, you would need to attend an accredited real estate licensing school and take the ...
With this type of appraisal, a drive-by appraiser examines a home only from the outside to determine its value, relying heavily on public records or other data to estimate the home’s market value. Hybrid appraisal: This approach uses a third party, such as a real estate agent, to ...
It’s one of a real estate transaction’s many closing costs. But if you’re a homeowner and you want an appraisal to determine your home’s value before listing it, the price of the appraisal would fall to you. Who chooses the appraiser? Under federal regulations, neither the buyer nor...
A real estate attorney hired to handle a transaction will always attend the closing with the buyer. A closing is the event where money is paid and the title is transferred. The attorney is there to ensure that the transfer is legal, binding, and in the best interests of the client. ...