What is a Short-Sale and How Does it Affect the Value of My Home?

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When a mortgage refinance is in your future, you may need to worry about what the industry calls short-sales and how they can affect the value of your home. A short-sale of real estate means (1) the property owner can not longer afford to make the monthly payments on the mortgage, so (2) the lender is endangering to foreclose the loan. To prevent this (3) the property owner offers to sell the property at whatever the market will bear , and the lender agreements to (4) permit the sale even if it is for a sales price less then the outstanding mortgage balance. Via a short-sale, therefore, both parties (5) eat their corresponding losses so (6) foreclosure is avoided, something both parties really want. Selling a property short is far from a painless process (for the property owner and the lender), but avoiding foreclosure is usually better for both of them.

So when a mortgage refinance (or the sale of your home, for that matter) is in your future, how does this affect you? Please understand that the value of your home is, to a great extent, a function of the recent sales prices of other homes in your neighborhood. If there is one short-sale there, it likely will not make any difference to your house. But, if there are 10 short-sales in your neighborhood, then they likely serve to set the level of the market. So if you live in what once was a $ 250,000 neighborhood, and there recently have been a bunch of short-sales in the area of ​​$ 150,000 in your neighborhood, you now live in a $ 150,000 neighborhood, not a $ 250,000 neighborhood. Since the market sets the value of your home (not the appraiser, not the broker – who just wants a listing, and not your neighbor fishing for an offer north of $ 300,000), your home's value has dropped. In fact, it may have dropped so far that you are now upside-down in your mortgage. In other words, the value of your house may have dropped so far due to the effect of short-sales that you owe more on the mortgage than your house is worth in the current market.

Now, at first blush, this may appear to be a cause for concern, especially if you want to sell your house or refinance your mortgage. (OK, it may even be a cause for panic). But short-sales in a neighborhood are like lancing a boil. You must lance the boil (painful) and get all the nasty stuff out (yucky) before the healing process can begin. Face it: as long as there are homes available at short-sale in your neighborhood, the value of your house will suffer. So, its best for all concerned to get them sold as quickly as possible, despite the pain in that process, so the healing can begin.

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Source by Timothy Andersen

Quick Tips For Selling Your Home

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Ever wondered why some houses seem to be the centers of attraction within a short time of being on the market and why some garner no interest at all? So how come some homes get sold quickly and some take a lot of time.

Basically it all depends on how ready your home is to accept new owners. You need to prepare the house for changing hands. No doubt that the location and price are the major factors but sometimes there may be more to a house than it meets the eye.

Here are a few tips to help you:

* Get the best agent you can afford. A good agent can help you sell your home faster.

* Look at your house with the eyes of a potential buyer. What aspects do you like and what you do not.

* Use the heavy artillery as far as advertising your home is concerned. With so many homes for sale this is the only way to attract attention.

* You could offer extra perks, like closing-cost help, to your buyers.

* If you are in a really desperate condition, you may want to rent out your home. Let the renters know that you want to sell the house and that they will have to accommodate house shows.

Prepare, prepare and prepare some more. This is the basic requirement for selling a house fast.

Home Selling Contract

Drawing of the contract is the final aspect of selling a home. Since this will seal the deal, you need to learn about it a little. Prior knowledge about contracts will give you a better stand for discussions and further negotiations. It will also protect you against possible scam. A house selling contract might differ from place to place but the basics remain the same. A contract should satisfy the following needs:

* Description of the house being sold.

* The value

* The mortgage contingency

* Where and when will it be closed

* The amount of deposit and to what

* Exact scope of the sale

* Further inspections by seller if any

* Kind of inspections

* House has insurance coverage or not

If you have made yourself familiar with a house selling contract, you will be able to tackle sticky clauses. Be careful around the contingency clause. The house buyers would like to safe guard their interests if something were to happen before the closing, at the same time you should also safeguard your interests in case they back out.

It is always better to let a professional agent handle the legal contracts. In case you are selling your home yourself, you can refer to some websites which will give you contract formats to work with. When on your own it is a better option to hire a lawyer who can take care of the contract clauses. You would not like it if the other party were to slip in a clause that would be detrimental to your cause.

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Source by Benjamin E. Clarke

Selling Land Without Aid of a Real Estate Agent

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If ever you are planning on selling your land, and wanting to be independent from the service of a medium like real estate agent because you as a seller realize that you have more control over the sale and can also benefit better than the sale of their home without paying commission, then you must be selling your house as a For Sale By Owner. There are many considerations upon catering in this kind of option. First, because you decide the thought of hiring the service of a real estate agent, it could get you to spend much more time than you have expected, but it could also give you a know-how on selling your own land.

First and foremost, what is a land contract? To further know more about it, it is basically the Contract For Deed or the binding legal agreement between the current land owner and the interested purchaser. The title is transferred when everything is settled. May be monetary aspect and cleared debts. You can sell your land at your own choice of price, it may also be through minimal down payment as this can provide a new avenue to offer you prospective buyers.

As the seller of the land, it is your responsible to give out a reasonable price and how much the interest rate will be. You will also need to look through on how many months you are willing to offer financing for the purchase. Keep in mind that the records you are keeping must also be maintained and kept. Getting amortization schedule can help with detailed recording. Print out and mark off the monthly dues, with the buyers check number. Other stuffs like property taxes and Deed draft must be satisfied, and recorded at the County Recorders Office.

With concern on your fixed price, you must also consider that every potential buyers varies in some ways. Some have specification for the land that they are looking for, and if yours is not what they are looking for, then there is no room for negotiation. Some have idea of ​​what they want, but are willing to confer and can have a few concessions when it comes to finding a suitable home for them, but others have no clue with what they are looking for, no idea on how to handle any aspect of buying a home. So it is better to not exploit in persuading your way through selling your land.

In negotiating with potential buyers, there should be emphasis on developing trust between you and your buyer. As they say, trustworthy people get more contract much easily, as they are pure with their intention and mean no harm against the buyer out of their own personal agenda. You must also learn to communicate in a gentle manner, giving off an approachable and confident appearance. People who are tense, nervous, and excited may be mistaken or given an impression of hiding something, even if you are not. Also, stick to the specific items in the house, and do not try to say anything just out of giving a boost on your sales talk. If there are defects, let the buyer know, so you may let them know ahead of time, than letting them discover it themselves, which will give bad record for you as a seller. And make sure to be at your professional level. Do not insult or aggravate the condition by insuring back the consumer when they throw out critiques on your property. Remember that customer is always right, and incorporating the buyer will never get you a sale.

Lastly, be responsible. Upon selling your property with a land contract, keep track of the record you are keeping, all the money received, and spent. You are your own responsibility, as you are also liable to what you sell, and these records are important and will serve as back up when problems arise.

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Source by Bianca Gianni

How to Sell Your Home FSBO – For Sale by Owner

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What exactly are you paying for when the agent takes his/her commission? Well, you’re paying for the listing service, you’re paying for the agent to deal with all of the legal matters, and you’re paying for their network of buyers, sellers, and professionals in the real estate market. But when you sell your home For Sale By Owner, you can get all of the assistance you need from online FSBO websites, making it easy and convenient to put your home on the market and get a great price for it without paying costly commission.

The first step in selling you home For Sale By Owner is to educate yourself to current housing market conditions, real estate pricing in your property’s location, who is currently in the market, legal contractual matters, etc. The best way to do that is to read the abundance of literature on For Sale By Owner home selling. The web offers a comprehensive list of books and online material catered to the first-time For Sale By Owner home-seller. Once you have read and understand how selling you home For Sale By Owner works, the next step is to prepare your home to be put up on the market. In order to sell your home quickly at a great price, your home must look immaculate. Many times it is a good investment to update aspects of your home, like landscaping or appliances, in order to get a good price. A little goes a long way. When you sell your home For Sale By Owner, the power is entirely in your own hands. Depending on how you present your home, you can get more than your asking price, or less.

One of the biggest mistakes that For Sale By Owner home sellers make is pricing their property too high. That’s why it is important to price your home to sell. This is where educating yourself comes in handy, and understanding current housing market prices and property values can save For Sale By Owners a considerably amount of stress and frustration if their home doesn’t get the price they had in mind. Keep an eye on property values within your own neighborhood, or consult with real estate professionals and home appraisers. There are also plenty of FSBO online pricing resources available through the web, so once you know the conditions of your own home, you can set a reasonably price for both you and your buyer.

The next step in For Sale By Owner (FSBO) home selling is to market your home. Your home must be completely ready and priced well in order to put it on the market. Without the assistance of an agent, you, the home-seller, must work hard to create a compelling listing, highlighting all the features that will help you sell your home. Getting your home on a Multiple Listing Service MLS or other listing service, will be a great way to make buyers aware of you property, as well as putting up a professional looking yard sign and have flyers ready for potential buyers to peruse. Don’t be afraid to use social media websites as well. Research shows that the majority of potential buyers use social media to find homes to buy. This can be a great resource for selling your home For Sale by Owner.

Once your home is properly listed and offers are being generated the next step to sell your home For Sale by Owner is to negotiate offers so that you get the price you are asking for. Many times, buyers work with agents in order to purchase a property, which can be intimidating to newer For Sale By Owner home-sellers. Remain confident and work for the price you deserve! This is an important part of For Sale By Owner home selling, and though it can be difficult, it comes more naturally with experience. Once a price is negotiated, For Sale By Owner home-sellers then work with they buyer or the buyer agent to manage the closing process. Home inspections may sometimes result in concessions on selling price. You will have to negotiate a fair concession that works for you and the buyer.

Once the deal goes to closing, and you receive the equity check for your property, you will see the benefits of selling your home For Sale By Owner-in the thousands!

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Source by Andy R Salo

For Sale by Owner (FSBO) – What Do I Need to Know?

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Price the Home Correctly: It is critical that you research and place the correct price tag on your home when selling it. A reputable real estate agent is the first person to contact to help appraise your home. Many agents will not lend you the time of day to assist you with this aspect since they are not listing your home. But a good agent will do it for you with no strings attached. They realize that their business is based on reputation and referrals. They may not get this listing, but you may want them to represent you in your next home purchase. Or your cousin may need a good realtor's help in the future. Do your homework. Find similar homes in your area and compare their price tags. Are the homesas attractive as yours? Are they as large as yours? Pricing the home correctly is cruel.

Use your time: A FSBO property allows you to place your home on the market for the maximum price to see if it sells quickly. If you have a deadline to sell your home, market it yourself well in advance of this deadline. Later, if you feel you need a realtor's help, you have not painted yourself into a corner. You still have time to market and sell the property correctly.

Market the Home: Make it easy for people to know more about your home without investing too much time. Put a For Sale by Owner sign in the front yard with contact numbers. Put a brochure with information out front so people can pre-screen the information and not waste your time. Talk to your local paper or other FSBO's and explore whether placing an ad in the local paper has had results. Different markets yield different results. Consider hosting an open house, but make sure you get the information out to the right market.

Put Your Home's Best Foot Forward: You want to make sure your home sends the right message to prospective buyers. People have to be able to see themselves in that home. What is the first impression when driving up to the home? What's the feeling inside? Take measure to provide maximum curve appeal. You want to make sure people want to come inside the house. The outside of your home should entice them to do so. The interior should be clean, airy and free of clutter. Try to make the home smell good and pack away personal effects that remind prospects someone else lives there. The realtor that helps you determine a market price should be able to make suggestions in this area that will make your home more marketable.

Is Your Prospect Qualified ?: Make sure your buyer is pre-qualified before entertaining their offer. You can request that a preferred mortgage lender you trust or another reputable lender provide this service. If a person is not qualified to buy your home, you do not want to lose valuable marketing opportunity to attract other prospects. Do not take verbal offers seriously. A serious prospect will sign a contract and provide earnest money as a show of good faith. Make sure you are using a legal contract and that it is executed properly and protects your interest. Again, that real estate agent who helped you earlier or an attorney may have a good idea at this joke. A well executed sales contract is worth its weight in gold.

Of course all of the above is based upon my personal opinion and experience. Use these thoughts for informational purposes only. And good luck selling your home!

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Source by Kristin Abouelata

Staging and Open Houses – FSBO

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When selling your home yourself you need as many advantages as possible. Without a doubt you will be fighting an uphill battle in the advertising department as realtors typically have large budgets to spend on the advertising of homes. So it stands to reason that your home needs to stand out in other ways in order to garner the attention it needs to sell quickly and for the right price. Two ways this can be done is through the use of a professional stager and holding your own open houses. The latter may be time consuming but you need to get the word out about your home.

Home stagers are a new breed of home professionals. In recent years the practice has evolved out of the designer field and specializes in the preparation of a home for selling. This usually involves a large amount of shuffling of furniture and in some cases the outright replacement of items that will not benefit the show. Getting rid of mess and clutter is a big part of staging as is the strategic use of available space. Many homes are a bit too cluttered for a home showing and home stagers are experts at deciding what can stay and what needs to go to make the home more presentable. It is really amazing what a home can look like before and after a proper staging. Many people hardly recognize their own homes!

Holding your own open houses can be a trying event. It can be gratifying to hear the positive remarks that people make about your home but conversely it can be heartbreaking to hear the negative comments as well. Remember you can not please everyone. Also, do not be afraid to invite realtors to your open house. Just because you are not using one to sell your home does not mean that you can not benefit from their clientele! In fact you may want to consider holding an open house explicitly for realtors. The more people that know about your sale the better. Another thing that any FSBO seller should seriously consider is a flat-fee MLS listing. Traditionally one major drawback to FSBO selling was the fact that FSBO homes did not have access to the Multiple Listing Service. As anyone in the business knows a MLS listing can make the difference between a sale and a missed opportunity.

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Immobilienmakler Heidelberg

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Source by Kevin Bilberry

For Sale By Owner – How To Sell Your Home At The Right Price

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Pricing the property is one of the hardest things to do when selling your home For Sale By Owner (FSBO). Pricing your home right, is an important first step. A step you must do with out the benefit of a realtor.

Today's savvy buyers are very price conscious and will not even make offers if they feel it is over priced.

There are many factors that can affect your bottom line. Like what you own on your mortgage, how much you have spent in home improvements over the years and what the market in your area is doing right now. Many times you need to make a profit on the sale to purchase your new residence.

The fact is no matter how much sweat, tears, money and mortgage you put in your property. It does not even matter what you think it should be worth. Your home is only worth what a buyer will pay for it, in other words, what the market will bear. After all, why should a buyer pay more for your home than for a neighbor's home similar size and condition?

But, what is a realistic market price for your home?

Here's how you can quickly determine the price of your home. Look for homes around your area that are for sale that have similar characteristics as your home. Figure out what the average price per square foot is in your area. Also look up online the median price for houses like yours in your area. There are many website like BuyFSBOusa.net that will give the median price for homes that have recently sold in your area.

Once you have the square footage price and the median price, take the average of the two prices and price your house 1% lower then the average. This will attract the best buyers and give you the competitive edge over the competition. If you can get people to compete when buying your house you will get more than FMV.

Make sure you look at all the following details when comparing your house to others in the market

– Square footage

– Number of bathrooms and bedrooms

– Upgraded kitchens and / or baths

– Condition of home and landscaping

Often pricing your home correctly to start with will keep for from, having to pay for renovation or improvements to get your home sold quickly.

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Source by G Allan Roberts

Why You Should Use Real Estate Agent For Your First Sale

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If you are trying to sell your house, you should seriously consider using a real estate agent. When you have an agent help you, it will benefit you in every way except for the commission you will have to pay. The commission is probably the # 1 reason why some people forgo an agent and try to sell their house on their own even though they are not qualified. Saving money is usually a good idea but in this case it may not be.

Selling a house is a big responsibility and it is much more complicated than selling most other things. With a house, you do not want anything to go wrong and the only way to be sure of that is to use a real estate professional. When you use an agent, you will know that the sale will happen smoothly and for many people this is reason enough to use one. Additionally, there is a sold company behind the agent if something does go wrong and it will take charge.

Selling a house for the first time can be scary as there is a lot of legal paperwork to fill out and you have to know what to do and when to do it. This is not the time to be experimenting and it is better, for your first sale, to use an agent and then learn things by watching. If you are intent on learning how to sell your own house, if you watch and learn from an agent the first time then you will have a good shot at successfully doing it when you sell your second house. For most people, this is the smartest route.

Additionally, with the economy and real estate market being so poor right now, this might not be the time to sell your house alone. When you use an agent, you will benefit from their knowledge and years of experience, as they will have a better idea of ​​how to attract potential buyers than you will. Your house will be displayed on their database of houses for sale and there are other advantages that you will get from using them that may result in your house selling sooner. Now, of all times, is the time you should be selling your house with a real estate agent.

Right now there is a buyer's market and you will have to do all the things you can think of to get your house sold. Advertising and holding open houses to get as many people in to see it is a good start but in the end it might only be the price that matters. Buyers are so strapped for cash right now and they know they are in the drivers seat. If you do not lower your house enough, there might be nothing you can do to sell it. Whether you use an agent or not, if you have the price too high you will probably have a lot of difficulty making the sale.

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Source by Henrick Stenson

For Sale by Owner Checklist – Things to Think About When Listing Your Home FSBO

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For Sale By Owner – General Checklist for Residential Purchase & Sale Transactions

Buying or selling real estate is an important legal transaction. The information provided is intended to provide you with general information about the basic steps involved in buying and selling residential property, but does not attempt to provide legal advice. Prospective buyers and sellers who feel like they are not knowledgeable or experienced in negotiating terms, arranging financing, analyzing tax consequences, or handling certain details related to their transaction, should consult with qualified legal counsel. The documents provided to prospective buyers and sellers for use and reference include basic provisions that should apply in the majority of residential property sale transactions. However, oftentimes terms that are unique to a particular transaction arise, such as where a buyer must sell his or her existing home before he or she can purchase a new home. Where there are terms that are unique to a specific transaction, consulting with an attorney is particularly important. An attorney can assist with incorporating additional terms and conditions into the form purchase agreement to personalize a particular transaction to fit the needs of the buyer and seller. Below please find a general checklist of items and issues that you may wish to consider during the process of purchasing and selling residential property. Please note that this checklist is not meant to be an exhaustive list of all issues or matters to be addressed in the purchase and sale of residential property, but rather a general guide to assist buyers and sellers in navigating the basic steps of the process. Remember, you can substitute an attorney for a real estate agent and save yourself tens of thousands of dollars by listing for sale by owner (FSBO)

Evaluating Prospective Buyers:

  • Has the buyer been pre-qualified for financing if financing is required to purchase the property?
  • Has the buyer provided the seller with a copy of a prequalification letter from the buyer's lender?

Making an Offer on the Property

  • Has the buyer offered an offer to purchase the property to the seller?
  • Have the buyer and seller agreed on all terms for the purchase and sale of the property? Such terms include, but are not limited to, the purchase price for the Property, the existence of any conditions that must be satisfied before the sale is completed (eg financing, inspection, buyer selling existing home), selection of title company / escrow agent to handle the closing, what personal property will be included with sale, allocation of closing costs between buyer and seller, the amount of the highest money and choosing a closing date.

Complete and Execute Residential Purchase and Sale Agreement

  • Has the Buyer or Seller obtained the correct legal description of the property to be included in the purchase and sale agreement?
  • Have all agreed-upon terms between the Buyer and Seller have been incorporated into the purchase and sale agreement? Are there unique terms and conditions of the transaction that are not included in the form purchase and sale agreement (such as additional conditions or seller financing)? If so, it is strongly encouraged that Buyer and Seller consult with qualified legal counsel to review the form purchase and sale agreement and revise it as necessary to meet the particular needs of the Buyer and Seller).
  • Have both Buyer and Seller signed and dated the purchase and sale agreement? Include spouses and all other owners of property. All owners and buyers must sign agreement. Open Escrow with Title Company / Escrow Agent Issues to Consider:
  • Have the Buyer and Seller mutually agreed upon a title company / escrow agent to close the transaction?
  • Has the Buyer or Seller contacted the title company / escrow agent to 'open' escrow? Has the Buyer's earnest money been deposited with the title company / escrow agent?
  • Have the Buyer and Seller provided all information requested by the title company / escrow agent to the requesting party?

Submit Application for Financing

  • Has the buyer submitted all necessary applications and supporting documentation to its lender? Note: there are deadlines in the agreement for doing so.

Complete and Deliver Seller Disclosure Statement (s) and other Notices

  • Has the seller completed and delivered to buyer the required disclosures and notices relating the property? Please note that certain states require particular information to be disclosed to potential buyers of residential property. It is strongly encouraged that all sellers consult with qualified legal counsel to determine what, if any, additional disclosures are required to be provided to buyers.

Order Preliminary Title Report from Title Company

  • Has the seller ordered the preliminary title report from the title company? Note: there are deadlines in the Agreement for doing so. Receipt and Review of Report Report / Approval of 'Title Exceptions'
  • Has the buyer received the preliminary title report and legitimate copies of all corresponding exception documents from the seller? Has the buyer or buyer's qualified legal counsel reviewed the preliminary title report and corresponding exception documents for title issues on the Property? It is strongly encouraged that buyer enlist the assistance of qualified legal counsel to review the preliminary title report to determine if issues with title exist on the property. If title issues were found in the preliminary title report that buyer dreams must be addressed and / or removed by seller prior to closing, has buyer delivered notice of buyer's title objections within the period of time specified in the purchase and sale agreement? If buyer delivered an objection notice to seller, has seller delivered notice to buyer specifying which expected-to items the seller will or will not remove within the period of time specified in the purchase and sale agreement? Dependant on the responses of seller in seller's notice, has buyer decided to terminate the purchase and sale agreement? If so, has buyer delivered its termination notice within the period of time specified in the purchase and sale agreement? If buyer properly terminates due to issues with title, has the highest money been refunded to buyer?
  • Have the buyer and seller agreed upon 'exceptions to title?' Please note that as a general rule, exceptions to title include items appearing in the record of title for the property that will not be removed by seller prior to closing and buyer will purchase the property subject to those items. These can include taxes and assessments that will become due after closing, zoning regulations, easements of record, et cetera. Has the title company / escrow agent included the agreed upon exceptions to title in the deed conveying the property to buyer? Obtain Property Insurance Policy for Property Issues to Consider:
  • Has the buyer contacted its property insurance company and obtained a new policy insuring the property? Has buyer provided the property insurance information to the title company / escrow agent?

Arrange Issue of Title Insurance Policy

  • Has the buyer or seller coordinated the issue of the title insurance policy (ies) with the title insurance company? Please note that the purchase and sale agreement should specify whether the buyer or seller will accept and pay for the required title insurance policies. Typically, the seller will provide and pay for a standard coverage owner's title insurance policy for buyer. The buyer will typically obtain and pay for a title insurance policy protecting its lender. Buyers and sellers are strongly encouraged to inquire with the title company and / or qualified legal counsel to determine what types of policies are available and required.

Perform Physical Inspection of Property

  • Has the buyer planned its desired inspections of the property with the inspection professionals of its choice? Note: there is a deadline in the agreement for doing so.
  • Has the buyer and seller coordinated an agreeable date and time for buyer and / or buyer's agents to complete such inspections?

Review of Property Inspection Report

  • Has the buyer received and reviewed the completed inspection reports on the property? If there are issues of concern to buyer in such reports, has the buyer provided seller notice of what repairs or other corrective action buyer is requesting? If the buyer is not satisfied with the results of the inspection or seller's response to buyer's requests for repair or other corrective action, has the buyer decided to terminate the purchase and sale agreement? If so, has the buyer delivered its notice of termination to the seller within the period of time specified in the purchase and sale agreement? If buyer properly terminated the agreement related to the results of the inspection, has the highest money been refunded to buyer?

Finalize Financing to Purchase Property

  • Has the buyer submitted all necessary applications and supporting documentation to its lender?
  • Has buyer finalized the loan process with its lender and obtained confirmation that the lender is ready to close?

Closing of Transaction

  • Have buyer and seller submitted all documentation and other information requested by title company / escrow agent needed to close the transaction?
  • Have buyer and seller scheduled a date and time with the title company / escrow agent to close the transaction?
  • Have the buyer and seller requested and reviewed a proposed HUD-1 or settlement statement from the title company?
  • Have the buyer and seller verified with the title company what information or other items will they need to bring to the offices of the title company / escrow agent? Such items may include proper identification, certified or cashier's checks if additional funds are required to close, or original copies of any powers of attorney.
  • Has buyer received death and title insurance policy?

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Source by Tyler Jeffries

Florida Ranks Highest In FSBO Market

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It's no surprise that Florida tops yet another category of the drowning real estate market among foreclosures. With sixty-seven counties in the state known for its sunshine, Florida is one of the top places for another type of real estate, FSBOs.

As Florida's market increases, homeowners are finding other ways to buy or sell real estate without spending a fortune to do so. The state currently has more than 7,601 "For sale by Owner" properties on the market, topping the rest of the nation. It looks like everywhere you look you see a home with a "for sale by owner" sign out in the front yard.

So why so many FSBO's in the Sunshine State you ask? Well, can you really blame residents of the state for not wanting to sell their homes on their own? The prices of real estate in some parts of Florida are some of the most expensive you can find, especially for median income families.

I looked up listings in Florida and noticed a 2 / 1.5 condo in one of the most dangerous looking neighborhoods in Miami I have ever seen, going for $ 270,000. Yes, I said $ 270,000 for a 2 / 1.5. Then I checked out Daytona Beach and found a 2/2 condo going for $ 340,000. This listing showed pictures of an interior that looked like the insides of a warehouse.

Whether the real estate market is tumbling or not, Floridians have had to do the-it-yourself mentality. Homeowners have lost so much money in this market that they are willing to do whatever it takes to get in or out of a home without losing money money from their investment.

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Source by Karim El Sheikh