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When a buyer purchases a property listed as "for sale by owner," they directly negotiate and deal with the property owner without involving a real estate agent. The buyer and seller work together to agree on the terms of the sale, including the price, closing date, and any other conditions. The buyer may still choose to hire a real estate attorney to help with the legal aspects of the transaction.
What else can I help you with?
Are you interested in purchasing a property directly from the owner, or would you prefer to work with a buyer agent?
Are you interested in buying a property directly from the owner, or would you rather work with a buyer agent?
How does commission work when selling a home For Sale By Owner?
When selling a home For Sale By Owner, the seller typically does not pay a commission to a real estate agent. Instead, the seller handles the sale process themselves and keeps any money that would have gone to a real estate agent as commission.
In a preforeclosure does the end buyer have to pay off the unpaid balance of the mortgage?
The buyer at a foreclosure sale pays to the bank the amount they bid at the sale. The foreclosure process nullifies the outstanding (or foreclosed) mortgage as it affects the property. However, a buyer at a foreclosure sale should have the title examined by a professional in order to disclose any other liens and encumbrances that affected the property prior to the recording of the mortgage that was foreclosed. A person who plans to bid at a foreclosure sale should always work closely with an attorney.
How can a FSBO seller effectively work with a buyer's agent to facilitate the sale of their property?
A FSBO seller can effectively work with a buyer's agent by being open to cooperating with them, providing necessary information about the property, being responsive to inquiries, and being willing to negotiate and work together to finalize the sale.
How do you buy a forclosed house?
A common method is to attend the foreclosure sale itself and enter a bid. Generally, the county clerk's office will have a list or a posting of properties scheduled for sale. Call you local county clerk's office and ask what their process is for obtaining a list of scheduled sales. On the sale day, attend the sale and place your bid for the property. The sale is held in a typical auction manner. You will have to do your homework prior to the sale! It is not easy to buy a foreclosed home, because YOU have to do the work -- not a Realtor or a banker. You will need to research the property, determine a price you are willing to bid, and arrange preliminary financing BEFORE bidding at the sale. At the sale itself, the institution that is foreclosing will determine and announce the sale terms. Each one is different, so listen closely. Some require payment immediately, by certified check, and some require payment up to 45 days. The winning bidder of the property is responsible for all closing costs of the sale, unlike a normal home purchase where costs are shared between buyer an seller. Any back taxes on the property are the responsibility of the BUYER. This is not a process to enter into lightly, despite what late-night infomercials would have one believe. If you do plan to do this, find a trusted friend or associate to help walk you through the process. It can be confusing. Most of all, remember that this is NOT like a typical home purchase. How do I know about foreclosures? I am a banker and have had to handle these sales for my bank for 5 years. It's painful to hear a buyer come back after the transaction and say, "But you didn't tell me I had to pay the taxes" (or closing costs, or repairs, etc.) Research, ask questions before the sale, and befriend someone who has done it before. Be prepared!
Are you interested in purchasing a property directly from the owner, or would you prefer to work with a buyer agent?
Are you interested in buying a property directly from the owner, or would you rather work with a buyer agent?
How does commission work when selling a home For Sale By Owner?
When selling a home For Sale By Owner, the seller typically does not pay a commission to a real estate agent. Instead, the seller handles the sale process themselves and keeps any money that would have gone to a real estate agent as commission.
In a preforeclosure does the end buyer have to pay off the unpaid balance of the mortgage?
The buyer at a foreclosure sale pays to the bank the amount they bid at the sale. The foreclosure process nullifies the outstanding (or foreclosed) mortgage as it affects the property. However, a buyer at a foreclosure sale should have the title examined by a professional in order to disclose any other liens and encumbrances that affected the property prior to the recording of the mortgage that was foreclosed. A person who plans to bid at a foreclosure sale should always work closely with an attorney.
How can a FSBO seller effectively work with a buyer's agent to facilitate the sale of their property?
A FSBO seller can effectively work with a buyer's agent by being open to cooperating with them, providing necessary information about the property, being responsive to inquiries, and being willing to negotiate and work together to finalize the sale.
How does the process of home short sales work?
The process of home short sales consists of a buyer offering a lower amount of money for a house than the seller originally had put it up for. For example, if a house was put up for å£120 000, a buyer offers å£110 000, this is a short sale.
Do home inspectors work for the seller or the buyer?
they work for themselves. they are impartial in the buying process.
What can you do if you are the primary buyer and the co-buyer who has the car is not making the payments and you cannot locate the car in Florida?
I recommend discussing it with the LENDER. Ask for "help" in "locating" the car. If that doesnt work, contact a FL repo company for advice. NOTE. Is the TITLE in your name(owner OR co-owner)? If you are simply on the LOAN contract, you are in a mess.
How can you get a copy of a bill of sale at a car auction?
You can get a copy of the purchase receipt from the auction if you are the buyer however car auctions don't work on a bill of sale. They have the title follow the car from seller to buyer. If the seller fails to provide the title prior to the start of the auction they are charged a fee which is typically around $50. They have 30 days to produce the title to the auction. If they fail to do so the buyer can return the car to the auction and get a full refund of purchase price.
If you are in foreclosure but have submitted a short sale offer to the lendor do you still have to be out by the sale date?
If your home goes to auction before a short sale offer is approved, the short sale is no longer an option for you as you no longer own the home. The sale date is not a "move out date". It is the date that ownership of the property changes, either to a new buyer or to the lender if no one bids at auction. Now the roles and titles have changed. You change from homeowner to tenant and the new owner becomes owner and landlord. They may issue a 3 day notice to quit the premises and if you do not comply they may file an unlawful detainer suit requiring you be out in 30 days. This is all usually unnecessary and not beneficial to anyone. The best solution is to work out a time frame to leave with the new owner and request a "cash-for-keys" deal to leave by a certain time and to leave the home in good condition with no excess debris. Many borrowers leave with $3000 or more in their pockets.
Is it illegal to sell used magazines and books?
No; the "first sale" doctrine allows the owner of a physical instance of a copyrighted work to dispose of it in any number of ways.
How do you buy a forclosed house?
A common method is to attend the foreclosure sale itself and enter a bid. Generally, the county clerk's office will have a list or a posting of properties scheduled for sale. Call you local county clerk's office and ask what their process is for obtaining a list of scheduled sales. On the sale day, attend the sale and place your bid for the property. The sale is held in a typical auction manner. You will have to do your homework prior to the sale! It is not easy to buy a foreclosed home, because YOU have to do the work -- not a Realtor or a banker. You will need to research the property, determine a price you are willing to bid, and arrange preliminary financing BEFORE bidding at the sale. At the sale itself, the institution that is foreclosing will determine and announce the sale terms. Each one is different, so listen closely. Some require payment immediately, by certified check, and some require payment up to 45 days. The winning bidder of the property is responsible for all closing costs of the sale, unlike a normal home purchase where costs are shared between buyer an seller. Any back taxes on the property are the responsibility of the BUYER. This is not a process to enter into lightly, despite what late-night infomercials would have one believe. If you do plan to do this, find a trusted friend or associate to help walk you through the process. It can be confusing. Most of all, remember that this is NOT like a typical home purchase. How do I know about foreclosures? I am a banker and have had to handle these sales for my bank for 5 years. It's painful to hear a buyer come back after the transaction and say, "But you didn't tell me I had to pay the taxes" (or closing costs, or repairs, etc.) Research, ask questions before the sale, and befriend someone who has done it before. Be prepared!
How can I effectively sell a car that I am currently financing?
To effectively sell a car that you are currently financing, you should first check with your lender to understand the payoff amount. Then, find a buyer who is willing to pay at least the payoff amount. Once you have a buyer, work with your lender to transfer the title and pay off the remaining balance. Make sure to provide all necessary documentation to the buyer and complete the sale legally and transparently.
