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Why is it important to ascertain the time at which the property in goods passes from the seller to the buyer?
Determining when property in goods passes from the seller to the buyer is crucial for establishing legal ownership and responsibility for the goods. It affects the parties' rights and obligations, including risk of loss, liability for damages, and the ability to transfer or encumber the goods. This clarity is essential in commercial transactions to prevent disputes and ensure proper fulfillment of contractual agreements. Additionally, it has implications for tax liabilities and compliance with legal requirements.
What else can I help you with?
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 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.
What are the advantages to the seller in an absolute auction?
The property or item is almost guaranteed to sell, thus relieving the seller of the expenses and lack of income associated with the property. Additionally, because the property or item is going to sell at any price this attracts more bidders/buyers in an otherwise saturated market or depressed market.
Who is responsible to pay for survey of a property buyer or seller?
Typically, the responsibility for paying for a property survey can vary based on local customs and the terms negotiated in the purchase agreement. In many cases, the seller orders and pays for the survey to provide potential buyers with assurance about the property boundaries and conditions. However, buyers may also choose to conduct their own surveys, especially if they want to verify the information or if it's not provided by the seller. Ultimately, it's essential for both parties to discuss and agree on who will bear the cost before proceeding.
What are material facts in real estate?
A fact that, if known, may have triggered a purchaser or seller of property to make a different decision in relation to the purchase of the real estate.
What is a transferor?
When dealing in conveyancing / property - the transferor is the seller. When dealing in conveyancing / property - the transferor is the seller.
Can the seller remove light fittings on selling his property?
Yes, the seller can remove light fittings from the property before selling it. However, it is important to clearly specify in the sales agreement which fixtures and fittings will be included in the sale to avoid any misunderstandings.
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 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 is the difference between contract of sale and contract for sale?
Contract of SaleContract to SellTitle over the property passes to the buyer upon delivery unless there is a contrary agreementOwnership is retained by the seller whether or not there is delivery. Ownership passes to the buyer only upon full payment of the priceNon-payment of the purchase price is a negative resolutory condition, meaning the sale becomes ineffective upon the happening of such conditionThe payment in full is a positive suspensive condition, meaning, if the purchase price is not paid, the obligation to deliver and to transfer ownership on the part of the seller does not become effectiveAfter delivery of the objective, the seller loses ownership over it. Unless, the contract is set aside, he cannot recover the objectWhether there is delivery or not, the seller retains the ownership of the object. If the seller, due to non-payment of the price is ousting the buyer from the property, he (seller) is not rescinding the contract of sale but is precisely enforcing it.
How much does a divine on Howrse cost?
Depends on the seller. Usually 5 to 20 passes.
What is the percentage of seller closing costs on commercial property?
The percentage is negotiable.
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 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.
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.
