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When renegotiating conscessions in a real estate contract gets convoluted?
Wiki User
∙ 11y ago
Remember to a seller they want to know what their 'net' price is on a sale of real estate property. So however you negotiate such things as closing cost concessions or any credits or share of repair costs for the property, it means less monies for the seller.
Simpler is better in a real estate contract. In a hot market, concessions requested may put you as a buyer at a disadvantage in obtaining the property. In a slower selling market, as a buyer you may have more leverage to request closing cost credits or repairs being done prior to closing. A knowledgeable real estate agent should be able to guide you well in either market.
Wiki User
∙ 11y ago
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Are you under contract in real estate with no document?
If the parties haven't executed a contract signed by both parties then you are not "under contract".
Who pays real estate rental commission?
You need to check any contract you signed to find your answer.
What are real estate agents paid?
They are paid an agreed upon commission as per the listing contract between the agent and the seller. Buyers and seller are often charged administrative or processing fees to be paid to the brokerage office of their realtor. Real Estate agents are paid a percentage of the commission they collect based on whatever contract they have with the real estate brokerage that employs them.
What should I know before signing a real estate contract?
Make sure to read the contract carefully and have the house checked and inspected by a professional. This will ensure a safe and fair signing.
If you have a home loan without mortgage insurance can the lender demand payment from your estate or heirs if you pass away?
Yes. The mortgage note is still a legally binding contract enforceable on the estate.
Who excutes a Texas real estate contract?
A real estate contract may be executed by the buyer and seller; trustee; attorney; builder/contractor. Any party to a real estate contract may execute a real estate contract.
How do you cancel contract with real estate agent?
Prove that the Real Estate Agent has not completed his/her duties afforded to you in said contract.
What would be a real estate example of discharge from contract by agreement?
If both parties agree that they do not want to pursue the contract for the purchase and sale of real estate they can mutually agree to void the contract.
Is a Florida real estate contract null and void if the seller dies?
Generally, if an offer was accepted and signed the decedent's real estate is subject to the contract and the estate representative can complete the sale once they have been appointed.
Are you under contract in real estate with no document?
If the parties haven't executed a contract signed by both parties then you are not "under contract".
Will a real estate contract be vaild if the owner dies before closing in Georgia?
The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.The contract will be valid. Generally, the death of the seller will delay the closing until a probate procedure is filed and the court allows the sale of the real estate by the estate representative.
When is a contract for real estate considered executed?
Upon both the buyer and the seller signing the contract.
Can you charge your father estate for looking after him before he passed?
No, not unless you have a written contract that provides you will get paid from the estate.
What is real estate wholesaling?
Wholesaling is putting a property under contract and assigning that contract to buyer for a fee.
Can you sue the estate if someone dies before the contract is complete?
If a contract has not been completed, then the estate can be sued. You, along with other creditors will have the opportunity to present your case and a judge can award you a settlement.
How can a seller cancel a real estate purchase contract?
You must read your contract for your answer.You must read your contract for your answer.You must read your contract for your answer.You must read your contract for your answer.
Can you get out of a real estate contract within 72 hours?
You need to read your contract in order to know what your rights and obligations are.
