Some projects aimed at improving a residential property can be a smart investment because they increase the perceived market value for buyers. Other times, sellers have to make repairs because the mortgage company requires them or they have negotiated an arrangement...
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Residential Real Estate
Do real estate agents have to share commissions?
Real estate agents are generally paid through commissions. When a home sells, a percentage of that sale price goes to the agent. This means that the agent has motivation to work hard to make a sale. It also means that people do not have to invest money in paying an...
Title Tip: Changes to Condo Rider A
The Florida legislature recently updated condominium and co-op laws and amended the building code regarding condominium structural inspections. As a result, the FR/BAR contract RIDER A for Condominiums now references TWO NEW DOCUMENTS which Buyers of resale condos...
What real estate agents need to know about inspections
Real estate professionals typically know how to spot glaring issues with a property after years of completing walkthroughs and estimating the fair market value of a property on behalf of their clients. However, outside inspections are still a critical step in many...
Unpermitted Improvements
“What should I do if I have a listing that has unpermitted improvements?” It’s a question I get asked all the time. Realtors know to look out for unpermitted improvements, but it can be confusing about what to do in that situation to protect yourself and the Seller....
Why shouldn’t homebuyers write a love letter to sellers?
Real estate professionals work hard to connect homebuyers and sellers. Many of them want to inject a personal touch into the transaction. For a long time, love letters have been included in offers from potential homebuyers to sellers. These love letters include...
What happens when a buyer cancels a real estate closing?
It takes weeks, and oftentimes well over a month, for a home closing to occur. The process begins with a listing, and eventually a buyer makes an offer on the property. That offer may lead to negotiations and then a purchase agreement. The buyer will have to finalize...
Are you liable if you don’t spot a defect during a showing?
When you represent a buyer as a real estate agent, the process of touring homes can be very exciting. There is nothing more rewarding than seeing a client finally express interest in a property and inform you that they want to make an offer on it. It can take a lot of...
What should realtors know about property titles?
As a realtor, you know how important clear title is to make transactions go smoothly. But you may feel sometimes that you'd like to get a better understanding of how it works. Toward that end, here’s a quick tutorial on property titles. What is a property title? The...
Avoiding real estate contract discrepancies and buyer’s remorse
Hot housing markets bring excitable buyers - and agents. Unfortunately, excitability creates an environment for mistakes and client misinterpretations in the rush to get the deal done. Here are a few tips for keeping your head, keeping contracts clean and keeping...