A short sale lets struggling homeowners sell their home before facing foreclosure. If you’re having trouble making payments, see if a short sale works for you.
In real estate, a conditional offer is a condition of sale that is agreed upon by both the buyer and the seller. The time frame set is important when it comes to such offers because if the condition isn't met within the specified time, the agreement is void and the buyer receives the ...
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 ...
An As Is sale is one in which the seller is not required to make any repairs and underscores that the buyer is purchasing the property in its current
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. ...
For example, most people who are not real estate agents think of an estate sale as an auction where furniture and other household possessions are sold off to the public. Without a doubt, this is one definition of what an estate sale is. ...
An exclusive right to sell agreement gives one real estate agent and their brokerage the sole right to market and sell a property. That agent is guaranteed a commission on the sale as long as it occurs during the duration of the contract, even if they did not bring in the buyer. It...
After the wholesale real estate contract is in place, the wholesaler attempts to find an interested investor. Once found, the wholesaler reassigns the contract to the investor at an agreed-upon higher price. The difference in prices is known as the wholesale fee and can be 5% to 10% of the...
What is an AVM fee? Automated valuation models (AVMs) aresoftware-based pricing models used in the real estate market to value properties. AVMs are more efficient and consistent than a human appraiser, but they are also only as accurate as the data behind them, meaning they may be outdated...
A real estate purchase agreement is a binding document outlining the property sale. Learn what it is, the contents of the house purchase agreement, and more.