Estate sales serve as an effective means of dispersing household items, furniture, antiques, collectibles, clothing, and more at a fair price. Families that wish to hold an estate sale often hire professional estate sale organizers to help appraise and market the items for sale. These organizers ...
Pending: What This Means in Real Estate A contingent sale means the buyer and seller are waiting for specific conditions to be met before they finalize the sale, while a pending sale has met those conditions and is being processed. By Taylor Getler Updated Jun 30, 2022 Edited by Mary ...
In March, the National Association of Realtorsagreedto a $418 million settlement in an antitrust lawsuit where a federal jury found the organization and several large real-estate brokerages had conspired to artificially inflate agent commissions on the sale and purchase of real estate. In a stat...
Real estate wholesaling is similar toflipping. Both use property as a means to invest and make a profit. Both require a contract and the sale of a home. However, the time frame with wholesaling is much shorter than it may be with flipping. Also, the wholesaler does not make any repairs ...
mortgages and liens generally need to be paid off at the time of sale, but easements usually remain attached to the property. Because each encumbrance is unique, it’s best to do some research or consult with a qualified real estate professional to learn more about what applies to your situ...
Selling “as is” usually means: what you see is what you’re buying. The owners aren’t prepared to fix any problems discovered during an inspection. But there are different reasons for this language—it’s not always code for reno nightmare. “The term ‘as is’ can be a little ...
Estate planning can and should be used by everyone—not just the ultra-wealthy. The Estate Planning Process Estate planning involves determininghow an individual’s assets will be preserved, managed, and distributed after death. It also takes into account the management of an individual’s propertie...
A key concept in asset sales is that they are non-recourse. This means the party selling the assets retains no right or ability to repurchase any portion of the assets once the sale has been finalized. In cases where the buyer has recourse, theFinancial AccountingStandards Board has ruled th...
What an exclusive right of sale agreement means today is much different than many years ago. When I entered the real estate industry in the mid-1980s, having an exclusive right to sell meant you did not share the listing with other real estate agents. ...
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