Tag Archives: realtor
My Partner and I Want to Hire an Agent to Help Us Purchase a Home. What is the Difference Between an Agent and a Broker?
The term ‘real estate agent’ is generally used interchangeably between both types of agents, but there is a difference. Following is a general definition and duties of an agent and a broker. Real Estate Agent A real estate agent is a person that has passed both state and national exams to become licensed by the state where they will be working. The requirements vary, depending on state laws, but general qualifications include minimum age and education and/or experience and real […]
San Francisco Real Estate $82,000.00 (just for parking!)
Parking spots apparently aren’t immune from the recent surge in San Francisco real estate prices. A spot in the city’s trendy South Beach neighborhood sold last week for $82,000, the San Francisco Chronicle reported on Thursday. The 8- by 12-foot parking space is in an enclosed garage in a condominium building near the San Francisco Giants’ ballpark. A Porsche SUV was parked in it on Thursday. The Chronicle said the unidentified buyer did not respond to interview requests. While it […]
Deposit to Sell Your Timeshare? Could be FRAUD!!
U.S. and Florida officials said they filed almost 200 civil and criminal cases for timeshare resale frauds over the past two years as scams in the business have increased, with defendants now more likely to have violent and drug-related backgrounds. Florida this year sued nine timeshare resale companies based in the state for fraudulent activity, and has requested temporary restraining orders against six of them, according to Miami U.S. Attorney Wifredo Ferrer and Florida Attorney General Pam Bondi, who announced […]
Interview Questions to ask a Real Estate Agent before Buying a Home
Real estate agents are varied and have multiple levels of experience and motive. Finding a good real estate agent before you purchase a home is worth shopping for. It will take time to find a home that you like, and you should be as determined to find a great real estate agent that you like and trust to keep your best interests at heart. A professional real estate agent or REALTOR® should not have a problem answering some of the […]
To Buy or Not to Buy, that is the Question
Whether or not to buy a home is one of the largest financial decisions most individuals will ever have to make. There are both advantages and disadvantages to buying a home. Owning one’s own home can provide a sense of satisfaction, stability, financial security and comfort, although home ownership does not come without certain costs ~ both the benefits and the costs should be considered before making a final decision. Homes are expensive both in their upfront costs and in […]
What is the cost to be represented by a buyers broker?
The decision to retain the services of a Buyer’s Broker when purchasing a home, is one you won’t regret. Of course, there is a cost; Buyer Brokers make a living through representing their clients. The good news is that there is often no additional cost to you, the home buyer, if the search for a new home culminates in a purchase. For all of their time, energy, and incredible guidance they provide, Buyers Brokers fees are usually a percentage of […]
Trick or Treat ~ What to Look for in a Home Inspection
Buying a home isn’t as clean cut as you would like it to be, requiring that you take the time to inspect the home before you decide if it’s the right fit for you and those that will be living with you if you have a family. Your inspection should involve several things, most importantly, electrical, roofing, pluming and foundation. In addition, whether or not the floors are stable, without drooping spots or sink holes, and whether or not the […]
What are the Tax Savings when buying a home?
There are several places to look for tax savings for people who are buying or who own a house. In fact, the purchase of a main residence for a person has a lot of different financial advantages. Tax savings will accrue each year, especially if the homeowner has a mortgage on the home, tax savings are a major reason for a person to buy and improve a home. Each year, the different tax advantages may change, so it is important […]
Should I get my real estate license before buying a home?
There is no doubt that getting a real estate license will take a large portion of time, devotion, energy and, of course, money… all of which will be done to ultimately “Earn you a commission” (that may be a question). My other question to you would be, “If you put this much time, devotion, energy and investment into furthering your own career, what would the payoff be?” It seems focusing on your career, and working with an expert in the […]
Should I buy a bank owned home if I have to move by a certain date?
In today’s housing market, there are many bank owned homes available that are well worth the bargain price tag. Not only are homes being sold for less, but mortgage rates are at historic lows. Getting an interest rate near 4% has never happened in the history of mortgage lending! Although there is some risk associated with purchasing an REO (Real Estate Owned by a bank due to a foreclosure), the bank is trying to cut their losses and unload as […]