Should I Waive a Home Inspection to buy a house
Quick Answer No waiving the inspection contingency could open yourself of to tens of thousands of dollars in repairs. Waiving an inspection contingency means that the buyer is agreeing to purchase the property without having a professional inspector come in and check the condition of the home. What Is a Home Inspection? A home inspection […]
What is Buy Box in Real Estate & how to use it
Quick Answer Refers to the criteria or parameters that real estate investors or buyers use to purchase potential properties. It is set of guidelines that define the characteristics of properties that a buyer is interested in. The buy box can include many factors depending on the investor’s strategy, price range, and personal preferences. You use […]
How you can find Market Value for a Home fast
Quick Answer Work with a local agent, run a CMA, Get a professional appraisal Or use online estimators as a starting point. Each method has different accuracy levels and costs. A Guide to Find Your Home’s Real Value 4 proven methods to determine what your property is worth 1 Comparative Market Analysis Analyzes recently sold […]
Exploring the Legalities of Dual Agency in Colorado
Quick Answer Dual agency is illegal in Colorado, even if the real estate broker discloses the relationship to the buyer and the seller in writing; it is against the law. Commission rule 6.7 states a broker and it’s agent may not enter into this relationship. But there are some situations where one broker and team […]
No Money? Here’s How to Buy a Foreclosed Home
Quick Facts Out of those who manage to secure a zero-down deal on a foreclosed property, roughly 25% finance renovations using low-interest loans or grants available through various housing initiatives Approximately 1 in every 10 foreclosed homes is sold with a down payment of less than 5%. (Source: RealtyTrac) To buy a foreclosed home with […]
Why to Fire your Real Estate agent and how to write the letter
Making the decision to terminate your real estate agent contract can be a difficult one, but sometimes it is necessary for the success of your property transaction. Before we get started, always consult an attorney before you attempt to terminate a contract with a realtor. Download Sample Letter Termination Letter Reasons to Terminate a Relationship […]
How to Evaluate Offerpad’s Pros and Cons
Is the Phoenix Housing Market Going to Crash
Phoenix is no stranger to economic fluctuations and volatility. Investors flocked to Phoenix during the Great Recession, snapping up houses at attractive profit margins. It was one of the best cities in the country to pick up homes at great prices. In the 1st quarter of 2019 the median sales price of a home in Maricopa County […]
How to Clean a Hoarder House Easily and Quickly
Quick Facts Hoarder houses are characterized by rooms filled with an overwhelming amount of clutter, which often includes a wide array of random items that may hold little to no value. Imagine a home cluttered with things, where navigating through the pathways in the home is the journey through mountains of clothes, papers and the […]
Will the Bay Area Housing Market Drop
Are Bay Area home prices going to drop As San Franciscans know all too well, places in the Bay Area are no stranger to housing market volatility. Home prices here are prone to volatility. There are a number of counties in the Bay Area and prices will vary based upon city and neighborhood. But San […]
Will Home Prices Crash in Seattle, Washington
The Seattle real estate market remains strong, but there may be signs of downward pressure on prices due to rising mortgage rates. But just how much will they actually decline? Redfin forecasts home prices to decrease by a few percent points in 2023, but experts do not anticipate it will lead to the collapse of […]
Will the Housing Market Crash
Quick Answer The odds of a crash anytime soon are very slim. Inventory is very low Unemployment rate in the USA is also very low Overbuilding is not an issue today. Foreclosures are also extremely low. What is a housing crash A housing market crash is a situation where the prices of homes decline significantly, […]
How is Real Estate Commission Calculated in Texas
Texas Real Estate Commission How the 6% is Split Among All Parties 6% Standard Rate Completely Negotiable • Paid by Seller Listing Side $6,000 Listing Agent $3,000 Listing Broker $3,000 Buying Side $6,000 Buyer’s Agent $3,000 Buyer’s Broker $3,000 Commission Breakdown Example $200,000 Home Sale Total Commission (6%) $12,000 Each Side Gets $6,000 Each Person […]
Squatters Rights in Texas: What Owners Need to Know
Quick Answer In Texas, squatters can gain legal rights to a property if they are able to demonstrate that they have been living there for at least three years. Squatters can gain legal rights to a property if they are able to demonstrate that they have been paying property taxes on the property for at […]
Here are your Options: Selling your house with Mold
Quick Answer: Ways to sell a House with Mold Sell it to an investor who pays cash List it with a real estate agent who will put it on mls List it yourself (FSBO) Mold is one of those things that everyone knows (many people think it’s dangerous) about, but no one wants to talk […]