It's an objective opinion of value, but it's not an exact science so appraisals may differ.
For buying and selling purposes, appraisals are usually based on market valuewhat the property could probably be sold for. Other types of value...
By John Adams
One of the hot topics facing the world of real estate right now is the issue of agency. Some would have you believe that it really doesn't affect you, the buyer, and that nothing much has changed. But they are wrong.
The top...
A real estate transaction is complicated. In most cases, buying or selling a home requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multi-page government-mandated settlement statements. A ...
It's important to understand what legal responsibilities your real estate salesperson has to you and to other parties in the transactions. Ask your salesperson to explain what type of agency relationship you have with him or her and with the br...
Price it right. Set a price at the lower end of your property's realistic price range.
Get your house market-ready for at least two weeks before you begin showing it.
Be flexible about showings. Its often disruptive to have a ...
If your income and savings are making home buying a challenge, consider these options.
Investigate local, state, and national down payment assistance programs. These programs give loans or grants to cover all or part of your required down ...
Owners manuals for items left in the house.
Warranties for any items left in the house.
A list of local service providers the best dry cleaner, yard service, etc.
Garage door opener.
Extra sets of house keys.
Code to burg...
Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, property taxes you pay, and some of the costs involved in buying your home.
Gains. Between 1998 and 2002, national home prices increased at an avera...
Hire a cleaning service. A spotlessly clean home is essential; dirt will turn off a prospect faster than anything.
Mow your lawn, and be sure toys and yard equipment are put away.
Serve cookies, coffee, and soft drinks. It creates...
The closing date. See if the date the buyer wants to take title is reasonable for you.
Date of possession. See if the date the buyer wants to move in is reasonable for you.
The earnest money. Look for the largest earnest-money dep...
