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 ...
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. Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but...
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 sta...
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 is meant by "sale and leaseback"? What is the main goal of estate planning? Define or describe the following: A chattel mortgage. Define what P/E means. What does P/E mean in the stock market (simply put)? What is the purpose of putting a lien against a piece of property?
Someone selling or buying a home is likely to have strong feelings about that process, which means that a proactive approach is better than a reactive one, Brandon Ayers, a residential real estate attorney with the Vanek, Larson & Kolb law firm in Illinois, wrote in an email. "A...
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...
For example, a real estate agent selling houses to clients in person engages in outside sales. Agency sales Agency sales is a sales arrangement where one company hires another company to sell its products or services. These external agencies receive a commission or fee for each sale they make...
6. Set up joint accounts or transfer of death designations.Joint accounts, like checking and savings accounts, don't have to go through the probate process as long as there is a right of survivorship. This means the account moves directly from the deceased to the surviving owner. A transfer...
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...