Let’s take a close look at what a short sale is, how it works, and the pros and cons for both the seller and buyer. How Does A Short Sale Work? A short sale in real estate happens when the borrower can’t cover their mortgage payments and has to sell their home for less than ...
Along with these essential details, a real estate contract must outline many of the details that often make or break a deal, and are usually very important to the buyer, including: what is included or excluded from the obvious real estate; the contingency for an inspection and when it is ...
A real estate comp is a property that is comparable or similar to the one you are thinking of buying or selling. These are some of factors to take into consideration when looking at comparables: Kind of property (single family home, townhouse, condo, apartment,multifamily home, etc.) Major...
In this example, the comp sold for $436,500, not $450,000. This shows that you can’t use a property for comparison unless you know the specific terms of the sale. Is It Best To Use A Real Estate Agent When Finding Comps? While you can find comps for free, keep in mind that ...
A short sale is a type of real estate transaction in which a property is sold for an amount less than the bank is owed. While the...
For commercial real estate properties, a cap rate of 4-10% per year is considered a reasonable range for investors. However, when trying to establish whether a cap rate is high or low in a specific situation, there are several things one must bear in mind: ...
REAL ESTATE WATCH: Sale rips apart at seems; Bidder withdraws because of garment center zoning; sew what, says broker.(Brief Article)croghan, lore
A bargain and sale deed is a legal document releasing interest in the title to a property to a buyer without guaranteeing the...
you have options. Wholesale real estate is one of them. It’s a legal strategy concerning the purchase of real estate that you don’t commit to buying yourself or make a down payment on.
A short sale in real estate is an offer of a property at an asking price that is less than the amount due on the current owner's mortgage. A short sale is usually a sign of a financially distressed homeowner who needs to sell the property before the lender seizes it in foreclosure. ...