A person can save by using cash in real estate because they are not paying interest on a loan. Some buyers also like cash because the money comes faster and may decrease the cost of the property for cash buyers.
The debts of the decedent must be paid by the estate before distribution can be made. If there isn't enough cash the property must be sold to satisfy creditors. To save the real estate heirs often get together and pay any outstanding debts in order to inherit clear title to the RE. YOu should discuss it with the attorney who is handling the estate.
To save money on listing fees, using online real estate services is a smart choice. Online real estate listings also have a better chance of attracting potential buyers than do traditional services, such as newspapers.
Obtaining a real estate license is not necessary to purchase a house. You can work with a licensed real estate agent to help you find and purchase a home. However, having a real estate license can provide you with a deeper understanding of the real estate market and potentially save you money on commissions if you choose to represent yourself in a transaction. Ultimately, it is a personal decision based on your goals and level of involvement in the real estate industry.
The cost of a real estate lawyer will vary greatly depending on what your particular lawyer charges. I, for example, work in a real estate law firm. Our main lawyer there charges $235 an hour.
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My kids have 30 days to save their home.How can they do this?
The question is unclear. If by liquidating other real estate holdings you can gather enough cash to pay the debt on your residence, the answer is yes. All the lienholder/mortgagor is really interested in is their money, they don't care how you accrue it.
No you don't need a real estate agent to sell your home. You may be better off using a real estate professional as they would be best suited to facilitate the transaction. To try and save the large commission that traditional real estate agents get, many people are now going with For Sale By Owner. This company will give you all the materials and instructions to put your house on the market.
A real estate lawyers fees may vary from state to state. My suggestion would be to obtain two or three estimates before proceeding with an attorney. There are some home buyers who forego hiring a real estate lawyer. If considering, make your choices wisely.
The decision to sell your own house or hire a real estate agent depends on your comfort level with the process, time availability, and expertise in real estate. Selling on your own can save money on agent fees but requires more effort and knowledge. Hiring an agent can provide expertise, save time, and potentially lead to a higher sale price. Consider your priorities and resources before making a decision.
Yes, you can act as your own realtor, but it requires knowledge of the real estate market, legal processes, and negotiation skills. It may save you money on commission fees, but it can also be time-consuming and risky if you're not experienced in real estate transactions.
If you're looking into getting a modular home, it's probably a good idea to avoid real estate companies altogether. Buying modular allows you to customize and set up a lot of things on your own and not have a real estate company take a large cut of commission. I'd avoid them to save money in your case.