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Reverse Mortgages Versus Conventional Loans

By | September 26th, 2005|

Reverse mortgages differ from a regular mortgage in that instead of making monthly payments to the lender - the lender makes payments to you.

Adjust Listing Price When You’re Selling A Home

By | September 26th, 2005|

When you're a new real estate agent and you're selling a fixer-upper, you may need to work with your client to adjust the listing price. While your client may want a certain listing price, what ultimately matters is what comparable homes are selling for in the same area. Research listing price through an appraisal.

Seller Experiences Trouble With Builder

By | September 26th, 2005|

A homebuyer is purchasing a home from a seller who bought it from a builder as investment property. The buyer likely doesn't have any recourse against the builder since they aren't buying it directly. The seller would have to go after the builder for any work that wasn't done.

What Are Reverse Mortgages?

By | September 25th, 2005|

What are reverse mortgages? How do reverse mortgages work? A reverse mortgage is a mirror image of a regular mortgage.

Real Estate Deals Need To Protect Family Members

By | September 18th, 2005|

Sometimes the relationship between parent and child is not enough to save a real estate transaction. Even between family members, you need to have a signed ownership agreement that documents the ownership arrangement. Threatening to withhold inheritance from the child may help this mother get back the proceeds from a mobile home sale.

Selling Your Home: Set A Realistic Fair Price

By | September 18th, 2005|

When your planning to sell your home, set a realistic, fair price. Greed for more money can often get in your way when selling your home. One of the ways to make sure you sell your home at a fair price is to take the emotion out of selling your home and figure out the least amount of money you'd be satisfied with getting.

Condominium Buyer Looks For Builder Who Left Unfinished Landscaping

By | September 18th, 2005|

A condominium buyer looks for the builder who left the landscaping unfinished. The town the condominium buyer lives in is demanding the builder finish the landscaping. Ilyce advises the condominium buyer on what legal options are available to help find the builder and get the landscaping finished.

Selecting The Right Listing Price

By | September 9th, 2005|

When deciding on a listing price for your for-sale home, ask a few agents for a comparative marketing analysis. You can also visit open houses in the area to get an idea of the listing prices in your neighborhood. Seeing what amenities and prices compare to your own home will help you decide on a listing price.

Buying A Home Before Foreclosure

By | September 9th, 2005|

A buyer almost purchased a home but the deal fell through due to fraud. The buyer is still interested in the home but is worried that the home will now go into foreclosure. A lender can't transfer title of a home unless it has good title to the home. If the lender does not have a good title to convey to the buyer, the only way to obtain title is to foreclose on the home.

Buyer Beware: Always Read The Contract

By | September 9th, 2005|

Most residential real estate contracts specify that fixtures (items that are "fixed" to the walls or floors of the property) are sold with the property. While in some areas of the country washers, dryers, and even refrigerators are typically not sold with the property, these items are usually listed specifically in the contract. It pays to read the contract -- and to be aware of what the neighborhood traditions are when it comes to buying and selling homes.

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