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Selling Your Own Home – Pet Issues
Author : Raynor
If you are selling you own home, you need to consider the effect of pets. People who are working with a real estate broker are sure to get coached about the potential negative effect of pets. If you aren’t working with a broker, this article discusses the pet issue. When You Show Your Home If you are selling you own home, you must realize a lovable pet might cause the following problems: 1. The potential buyer may be so nervous about dog...
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FSBOs –The Secret of “After Settlement Escrow” to Solve Problems
Author : Raynor
Most FSBOs (people who are selling their own homes) are aware of the conventional use of escrow. In this article, we look at ways to use escrow to solve problems. Escrow Escrow means different things in different parts of the country. In California it’s part and parcel of the settlement process. In Virginia, while there’s no formal escrow before settlement, the settlement agent gathers title information, draws or has a deed drawn, coordin...
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“Renting Back” After Your Home Is Sold
Author : Raynor
Sometimes it’s helpful to sell your home before you really want to move. This often happens when you are having a new home built, but aren’t sure of the completion date. Is there any way you can sell your home so you’re sure of the funds available for the new purchase, but continue to live in your old home until construction of the new one is complete. Yes, there is with the renting back strategy. Enter the Lease-Back or Rent-Back Agreement ...
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Real Estate Terms – From Appraisals to Comps
Author : Raynor
When you’re selling your home or other real property on your own, you don’t have to know everything about the process. It does help to have a practical knowledge of the terms that come up during the process. Keep in mind, these aren’t intended as “be all, end all, penultimate” definitions. They’re working definitions for pragmatic folks. Let’s go… 1) Acceptance - A legal term referring to the acceptance of a buyer’s offer by the seller. A...
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Real Estate Terms – From Condominiums to Deeds of Trust
Author : Raynor
When buying or selling a property, it always helps to have a basic understanding of real estate terms. In this on going series of articles, we take a look at definitions starting with “condominium.” 1) Condominium - A type of ownership in real property where all of the owners in a collection of properties jointly own everything except the interior of each property. Accordingly, the jointly area is run by a homeowner’s association, which can a...
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Real Estate Terms – From Easements to Good Title
Author : Raynor
When buying or selling a property, it always helps to have a basic understanding of real estate terms. In this on going series of articles, we take a look at definitions starting with “easements.” 1) Easement – permission given to (or acquired by) someone who does not own a parcel of real property enabling that person (or entity) to use that parcel for a specific purpose. It may add or detract value. It may be neutral so far as the value of ...
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Real Estate Terms – From Home Inspections to Personal Property
Author : Raynor
When buying or selling a property, it always helps to have a basic understanding of real estate terms. In this on going series of articles, we take a look at definitions starting with “home inspection.” 1) Home Inspection – an inspection of the condition of a home. They are done item by item, from roof to foundation, and include looking closely at things like plumbing, heating, air conditioning, sinks, tubs, and faucets, and any appliances wh...
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Real Estate Terms – From Pre-Approval Letter to Townhouse
Author : Raynor
When buying or selling a property, it always helps to have a basic understanding of real estate terms. In this on going series of articles, we take a look at definitions starting with “Pre-Approval Letter.” 1) Pre-Approval Lender Letter – a writing from a lender stating that a potential buyer has approval to borrow a stated amount of money from his firm based on having documented all the personal information needed. Final approval is subject ...
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Curb Appeal – First Impressions Count When Selling Your Home
Author : Raynor
People selling their homes via real estate brokers get lots of coaching. People selling their own homes as FSBOs need the same. One of the most important topics on which FSBOs can benefit from coaching is “curb appeal.” How does your home look when a potential buyer drives up to the curb and takes that all important first look? Be Sure It Looks Great Single family residences require the most work. The FSBO seller of a single family home als...
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Curb Appeal – First Impressions Count When Selling A Condo or Townhouse
Author : Raynor
Curb appeal is the key to selling a townhouse or condo. Since common areas are controlled by a homeowners’ association, paying attention to details can make all the difference. Townhouses The same rules that apply to selling a house apply to townhouses except that the scale of things has to fit a smaller space and nothing can go around to the side unless you own an end unit. Townhouses do have some unique challenges. What the neighbors do ...
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