As you're looking for a real estate agent to sell your home you may interview some that will ask you questions about how much equity you have in your current home. While it is none of the business of the real estate agent, the agent may be seeking reassurance that she or he will receive their real estate commission upon selling your home. You can reassure the real estate agent without sharing how much equity you have in your home or providing other personal finance details.
A home buyer is about to close on a new construction home and a self-inspection brought up a few issues of concern. Hiring a professional home inspector will ensure any major problems are identified before the close. A home inspector should be able to make sure everything is working correctly in the house, so the buyer's new home doesn't have a lot of new problems.
If you buy property with someone and he or she dies how can you ensure that you have clear title to the home? Generally, when someone dies his or her share of a property goes to his or her next of kin. You have to track down your real estate partner's relatives to get them to sign a quit claim deed or so you can buy them out of the property. A real estate attorney may also be able to help you in this situation.
When you're looking to buy a property you may end up on a "protected buyer" list. When a listing contract ends, the listing real estate broker wants to make sure the seller does not contact any of the people the listing real estate broker showed the property to and deprive him of a commission. If the seller and the real estate agent can't agree on the protected buyer list or the commission it could delay the sale.
