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What is a transferor?
When dealing in conveyancing / property - the transferor is the seller. When dealing in conveyancing / property - the transferor is the seller.
What does it mean when property information includes this phrase Seller is related to the licensee?
The seller is related to the agent listing the property for sale or lease.
What is the concept of repossession about?
Is is common knowledge that the concept of repossession is the taking back of property by a lender or seller from the borrower or buyer, usually due to default.
What is the seller when he sells his home an offeror or offeree?
The seller is the offeree. In all real estate cases, the seller will list or "put up for sale" their home or property. A buyer will then submit an offer to purchase that property making them, the offeror.
What has the author Robert H Seller written?
Robert H. Seller has written: 'Differential Diagnosis Common Complaints' 'Differential Diagnosis of Common Complaints (Differential Diagnosis of Common Complaints (Seller))' 'Differential diagnosis of common complaints' -- subject(s): Differential Diagnosis
In a sellers concession how does it hurt the seller?
A seller's concession is something the seller gives or gives up in order to make the sale. Therefore the seller's profit is reduced. However, seller's concessions are often used as a selling tool in a buyer's market. Many first time buyers need some seller's concessions in order to purchase the property. It depends on how much you want to sell. If you can afford to hold on to the property and do not need a sale at present, you can wait until the seller's market improves.
What is the percentage of seller closing costs on commercial property?
The percentage is negotiable.
What are the disadvantages to the seller when they are carrying the financing for a house?
If the seller has a mortgage on the subject property and the person who is buying it from him does not make the monthly payment, the seller is obligated to pay. The seller is holding all of the risk under his credit profile while hoping that the other party will pay. The seller risks the other party destroying the property. If the other party doesnt pay, seller will have to attempt to sell his propety again and may have to update or do repairs to make it attractive.
What is a land contract?
A land contract is also known as a land installment contract and a contract for deed. It is a contract between a buyer and seller for real property where the seller provides the financing with specific terms.
What types of seller incentives are commonly offered in the real estate market to attract potential buyers?
Common seller incentives in the real estate market include offering to cover closing costs, providing a home warranty, offering a price reduction, or including personal property in the sale. These incentives are used to attract potential buyers and make the property more appealing.
How often should a real estate agent Contact a seller after property is listed?
The seller should direct the calling agent to the listing agent.
What does ER means in relation to real estate?
ER usually refers to an "Exclusive Right" to sell. This means the Seller has agreed to give the agent the right to sell his property and in turn the agent will represent the Seller, market the property and perform his professional duties. What ER means for the Seller is that no matter WHO buys the property, even a cousin of the Seller--the Seller will owe the commission to the agent during the course of the listing agreement. This is commonly the only type of listing used in most states. One exception to this is in New York City.
