The latest trend in real estate seems to be buyer's brokers asking a broker fee on top of the commission. Buyers shouldn't agree to pay an extra fee on top of the commissions the broker is receiving. Some real estate agents acknowledge that if they receive a split of a 6 percent commission, they are more willing to take care of the fee themselves.
This week on the Ilyce Glink Show: Father's Day is something to be celebrated. Ilyce talked about lessons her Dad gave her throughout her life. There was a lot of news in the real estate world this week: A new study from the Federal Trade Commission showed that half of all borrowers surveyed didn't know how much they owed on their mortgage. Tune in for the update on foreclosure statistics, Ilyce's investment property deal as well as answers to your questions.
The federal government has lots of information for homeowners looking for flood insurance. The federal government's website dealing with homeowners and flood insurance is floodsmart.gov. Check out floodsmart.gov for the federal government's information on how homeowners can apply for flood insurance.
When you buy a home you are responsible for having the utilities turned on in your name. Assuming the utilities will roll over or stay turned on can lead to damages if they get turned off in between occupants.
A home owner bought a house that has several problems. The home inspector did not include any of the issues in his report. Some home inspectors are better than others, but one thing is always clear in a home inspection, if the problem is not visible, home inspectors can't pry walls open to inspect the insides of a home. If the issues you have raised should have been uncovered by a competent inspection, you have a good claim against the inspector.
A soon-to-be college graduate is planning on buying a condo with some of his student loan money for the down payment. Interest rates on student loans aren't that low, and the money will need to start being paid back six months after graduation. This grad needs to calculate his debt, income and expenses to determine if it's really the right time to buy a home.
I've published this information before, but it's worth a refresher: ID Theft -- What to do if you're a victim Contact Experian, Equifax and Trans-Un...
