When a buyer wants to make an offer to purchase, it is very simple. It just needs to include the address or description of the property; the consideration, or the price the buyer is prepared to pay; and the date on which the closing will take place. It doesn't need to be a fancy, formal contract, but a real estate agent or real estate lawyer can help you sort through everything else involved in buying a house.
In some ways, finding the right broker or agent is tougher for a seller than for a buyer. Both buyers and sellers should find someone with who they feel comfortable, whose personality meshes with theirs. It's important to have someone who can listen to your concerns and can explain potential problems to you in a way you can understand.
A comparative marketing analysis (CMA) is the most valuable tool you can use to determine the correct listing price for your home. A real estate agent with the best CMAs compare your home to other homes for sale that are similar to yours in size, shape, condition, and location.
The Internet is full of scams that sound too good to be true. Learn about some common Internet scams involving credit cards, health care, investments, online auctions and more. Some Internet scams also involve fraudulent telephone charges. Learn how to discover an Internet scam and who to report it to.
A subagent is an agent who works with buyers and shows them properties but who owes his or her fiduciary duty to the seller. In several states, subagency is being phased out in favor of buyer brokerage, which more clearly informs everyone that the agent working with the buyer is working for the buyer's best interests. The most common form of dual agency occurs when the broker represents both the buyer and the seller in a single transaction.
Homeowners who are selling their home should attach a lockbox to their property to allow real estate agents to show your home to potential home buyers. The lockbox is a metal box attached to your property with a master key that allows real estate agents entrance to the home while the seller is gone. More sophisticated lockbox systems use electric key cards so several real estate agents can show the seller's home, increasing the chances of a home sale.