An estate sale is a quick way to make some money by offloading a loved one’s possessions. However, if the sale isn’t done properly, it can cause undue stress and financial complications. Understand what an estate sale is and how the process works.What
Selling a house “as is” means the homeowner is offering a property in its current condition, without making any repairs or improvements before the sale. There’s a common misconception that an “as is” clause always means the property is in poor condition. An “as is” clause is just ...
In the real estate world, the document that used to be called a settlement statement has evolved over time into what is now known as a closing disclosure. However, many still use the term, so you might come across it in the process of closing your mortgage loan. A settlement statement pr...
House swapping is a new and trendy alternative to exchange one’s home for another. A house swap isn’t for everyone though since it requires a time commitment, additional fees for lawyers, and the possibility of being susceptible to scams. ...
Purchasing a home can be a lot easier with a real estate agent helping you navigate the process.
Danny Hertzberg of the Jills Zeder Group at Coldwell Banker Residential Real Estate inMiami, says, "The penthouse is usually considered the premier and most exclusive floor of a residential buiding." But, he adds, “not all penthouses are created equal. Though the actual top floor is conside...
Real estate inventory:One way to determine if it’s a buyer’s market or a seller’s market is to look at inventory, or the number of homes for sale. If inventory is low, it is most likely a seller’s market. Look at the current housing market to determine if it is a buyer’s ...
They also are more likely to occur when the housing market is in a down period, such as the2007-2009 financial crisis, which caused home prices to plummet and sales to slow in many regions. For example, if real estate values drop, a homeowner may end up selling a house for $150,000...
Ask for a copy of the title policy and survey, as well. Purchase agreement: This is a binding contract that spells out the terms of a real estate transaction. Signing it finalizes the purchase of a property. What to bring to a house closing All parties involved in the transaction should ...
Some real estate contracts require a home sale contingency. If you are considering a move and you aren’t buying your first home, the odds are you’ll want to sell the home you are in before you buy your next one. In the event that you do need the equity from your current home to...