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What is a "listing agreement"?
A contract in which a party hires a licensed real estate agent to assist them in the sale of property.
What the meaning of absolute deed of sale?
The definition of a deed of absolute sale is an agreement between a seller and a purchaser legalizing the purchase of property. It can be done in writing and it legally binding.
Do you need to try and sell your home with a real estate agent prior to a short sale?
In order for a homeowner to attempt a Short Sale, their lender will want to see that the property has been publicly listed for sale to ensure that the property receives maximum exposure and gets the highest and best price. From the lender's perspective, this can only be done with a Realtor, which would mean signing a listing agreement and putting the property into the Multiple Listing Service. The lender will want a copy of the listing agreement and the MLS printout as evidence.
Can a home purchase contract be considered binding in the form of a verbal agreement?
This would violate the statue of frauds. The sale of property must be in writing to be valid.
Can you buy a real estate property that has a sale pending?
No. A sale pending implies that the property is under a binding contract.
Can you use your previous rental payments to pay towrad a down payment on a mortgage?
No, not unless you had that agreement in writing with the owner of the property who has agreed to take back a mortgage in a sale of the property to you.No, not unless you had that agreement in writing with the owner of the property who has agreed to take back a mortgage in a sale of the property to you.No, not unless you had that agreement in writing with the owner of the property who has agreed to take back a mortgage in a sale of the property to you.No, not unless you had that agreement in writing with the owner of the property who has agreed to take back a mortgage in a sale of the property to you.
Is it legal for an executor to sell the principal residence through a listing agreement?
That is one of the duties of the executor, to properly dispose of property per the will. They are authorized to execute the will and to pay off debts. The sale of property may be required to do so.
Listing price may not be sufficient to cover all encumbrances closing costs or other seller charges and sale of property at full listing price may be conditioned upon approval of third parties?
It's short sale property listing.
Is Net Listing agreement illegal in pa?
When listing your home with a real estate broker, different options are available, one of which is net listing over the Internet. A net listing specifies the amount of money that is wanted for the sale. The broker keeps any extra money over that amount as a commission. The problem with this is that the broker is allowed to increase the price the seller wants to make more profits for themselves. This can lead to a conflict of interest for the broker and can affect the ethical nature in which the sale is done. For this reason it is illegal in many states to have a net listing agreement, however net listing is perfectly legal in Pennsylvania. Net listing can be a good way to scam unsuspecting buyers that are far away geographically from the property that are unable to physically see the property. Buying a property or anything over the Internet that is not from a reputable source is sketchy at best.
When is a house sale legally binding?
The first step that makes a sale binding is the execution of the purchase and sale agreement by both parties. You will then be bound by the terms of that agreement. Many people wait until they have signed the P&S before they retain an attorney to represent them in the purchase. However, an attorney should review the agreement before you sign.
Can the administrator of an intestate estate sign the listing agreement for the sale of real property?
Yes, but generally, the Administrator needs to request a license to sell the real estate from the court in order to be able to execute a valid deed.
What is difference between deed of transfer and agreement for sale?
A deed transfer is where under a contract of sale of property in goods is transferred from the seller to the buyer while agreement for sale is where transfer of property is to take place at a future time or is subject to some conditions to be fulfilled latter.
