The Differences between a Ranch and Farm Explained
In the United States, there are currently 2.1 million farms, of which 1.75 million are classified as “ranches” and the remaining 350,000 are classified as “farms” (USDA, 2019). Ever want to know the difference between a farm and a ranch? What is a Farm A farm is an agricultural status quo that makes a speciality […]
Who Pays for Title Insurance Costs in Texas
In Texas, responsibility for title insurance can vary depending on the type of policy and local market norms. Here’s a breakdown: Lender’s Title Insurance: Always required: Lenders will require the buyer to purchase a lender’s title insurance policy. This protects the lender’s financial interest in the property if there are title defects like liens, fraud, […]
Who is responsible for covering closing costs in Texas
Quick Answer Both buyers and sellers have closing costs that they must pay at closing. The seller typically pays the lion’s share of the commission with 6% going to both realtors and about 1% for other closing cost fees. What are Closing Costs Closing costs are fees and expenses that a home buyer or seller […]
Should you Tip Your Realtor
Quick Answer Realtors are not typically tipped for their services, as they are paid a commission from the sale of the home. However, some clients may choose to tip their realtor as a gesture of appreciation for their hard work. According to a survey conducted by the National Association of Realtors, only 8% of home […]
Seller Response Time: How Long Buyer’s should wait for an answer
If you’re in the process of buying a home, one of the most frustrating parts can be waiting for a seller to respond to your offer. Here’s everything you need to know about how long sellers typically take to respond—and what you can do during the waiting game. From knowing how to make an offer […]
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 […]
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
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 […]