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Several years ago, a friend and I sat down and decided we were going to write offers on single family houses listed with Realtors. In fact, we were looking for a way to increase our production. We weren't happy with the volume of transactions coming our way. So we decided to...
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The explanation of "market value" in this article applies to single family houses only. Different methods apply to apartments and other commercial real estate.
The meaning of "market value" confuses many people. As consumers, most people shop at retail stores and pay the...
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I have purchased many houses for a 40% to 60% discount. In a recent four-month period, I purchased three houses for a 40% discount and four houses for less than half price. If you will take a little time to learn what to do, you too can cash in on this unique situation.
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It is common for the buyer and seller to complete a "binder". This is either an outline of the proposed sales contract between the buyer and seller or the contract itself. It includes:
(1) the property address
(2) the names of the parties involved (the buyer and...
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A sellr accepts and offer, can he/she change his/her mind?
A buyer can withdraw an offer anytime up until the offer is accepted by the seller. After that, the seller may owe the commission to the broker, and may well turn around and sue the buyer for breach of contract to...
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In addition to everything else, the contract should include an "inspection contingency clause"; that is, what happens if the buyer's inspection does reveal problems with the property.
Small problems, like leaky faucets, loose light fixtures or doors that don't close...
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