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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.
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∙ 11y ago
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Who pays real estate taxes and other related expenses on estate property before distribution is made to the heirs?
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.
Using Online Real Estate Services?
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.
How much does it cost for a real estate lawyer?
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.
Are there any real estate schools in Florida?
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DebDear Mr Trump I need help with a real estate problem debprice1955aol.com?
My kids have 30 days to save their home.How can they do this?
Is it possible to save our residence if the other liquidated parcels cover the debt?
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.
Do I have to have a real estate agent if I want to place my home for sale?
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.
How do you get hard money to buy real estate?
You earn it. Get a realty license and sell property. Save your money, reinvest it, and work hard.
How much does a real estate lawyer cost?
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.
Should I buy a modular home from a local real estate company?
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.
What does resale mean in real estate?
In real estate, there is what they call pre-foreclosure selling of properties - wherein the owner, who is nearing foreclosure - could resell the property to a prospective buyer in cooperation of their lender / bank. This is to save the credit of the owner and avoid foreclosure that may damage their credit record.
How to Choose a Real Estate Attorney?
Real estate business transactions are regulated by federal, state, and local laws. Real estate law covers a variety of legal issues and requires a real estate attorney. Oftentimes, real estate disputes also require a real estate attorney. A qualified real estate attorney can keep you from making mistakes that can be costly. Errors in figures and documents can lead to an expensive litigation case. Also, an experienced attorney can help keep your property out of the probate court. A living trust can be created to pass the property to the heirs. This can prevent the litigation that happens when someone dies. The probate process can drag on, and it can become a lengthy process. The real estate attorney can prevent this from happening.A potential home buyer is getting ready to make a major purchase, and the expertise of an attorney is necessary to handle the process properly. Details in real estate can be tricky and costly. The attorney knows the legal process and can find the errors in the documentation.It is critical to the success of a business to have a real estate attorney to handle business transactions. Commercial real estate deals require knowledge about acquisitions, sales, and development. Additionally, when a person purchases a home it is important to have an attorney, the attorney can look over the contract and review it. This is recommended for people that are first time home buyers. The attorney can also work with the real estate agent and mortgage loan officer.Furthermore, most states allow the real estate attorney to make changes to the documents. A contract can be voided by the attorney also. Home buyers may also need the attorney to negotiate closing costs and property taxes.In conclusion, the real estate process can be complex and difficult. It requires the skill of a professional to navigate the process. This professional can catch mistakes that others can not. This can save you from future expenses. It is important to have another set of eyes to catch errors. The legal language is specialized, and a real estate attorney can navigate through the process. These professionals are trained to negotiate the provisions in the contracts.
