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What else can I help you with?
What if the heirs do not have money to pay probate and the estate is only real estate?
In order to transfer the real estate, they will have to have an estate and someone with authority to sell the property. The executor could take a loan out against the property to resolve the debts or to cover costs until sale.
How much sales tax do you pay when buying a home in PA?
Realty Transfer Tax Levied on the sale or transfer of Real Estate located in PhiladelphiaTax Payment Options and InformationTax Resources Resources from the Department of Revenue.Use & Occupancy Tax (U&O)The Business Use and Occupancy Tax is a tax on the business, trade or other commercial use and occupancy of real estate located in Philadelphia.The Realty Transfer Tax is levied on the sale or transfer of Real Estate located in Philadelphia. The tax also applies to the sale or transfer of an interest in a corporation or partnership that owns real estate. Certain long term leases are also subject to this tax.
Where can one get free real estate appraisals?
If one wants to get an appraisal to estimate a sale price or for a refinancing, they will probably have to pay a licensed professional. Sites such as Zillow and Eppraisal will give free estimates, but these will usually not meet the requirements for banks or realtors.
Do Lenders pay a referral fee to a Real Estate Broker for referrals?
No, lenders are not permitted to pay referral fees to real estate brokers. It would be a violation of RESPA.
What is the value of real estate?
Whatever someone is willing to pay for it.
What has the author Richard Steacy written?
Richard Steacy has written: 'Canadian real estate, how to make it pay' -- subject(s): Real estate business, Real property
How do you get real estate agent licence?
This is determined by each state. NC requires 80 hours of classes then you pay fees to the Real Estate Commission.
In Connecticut can an executor sell real estate to a third party when the sole heir of the real estate has requested to either re-mortgage it or buy it?
In Connecticut, title to real estate passes to the devisees or heirs upon the death of the owner. However, there may be circumstances where the executor is given power to sell the real estate by the testator. Also there are circumstances when the real estate may be sold by the executor, for example, if there are debts to pay. Speaking generally since you did not provide much detail, if it was NOT sold to pay debts of the estate you had the right to keep it and pay for it yourself if it was mortgaged. Especially if you are the sole heir.
Are the real estate commissions split between the buyer and seller?
Normally the real estate agent's commission is paid by the Seller. In over 20 years of experience I have never heard of the buyer being expected to pay real estate commissions.
What happens when your parents are deceased and there is no money left in the estate to pay for medical bills?
If there is any other property such as real estate then it must be sold to pay the debts. If there are no assets the estate will be deemed insolvent by the court and the creditors are out of luck.
Does a real estate broker still have to pay a commission to a real estate agent if they change offices before the transaction closes?
that completely depends on the agreement between the broker and the agent.
Can a Florida real estate broker pay referal fee to out of state real estate brokers?
Yes, a Florida real estate broker can pay referral fees to out-of-state real estate brokers, provided that the out-of-state broker is properly licensed in their respective state. The referral fee must comply with Florida's real estate laws and regulations, including the requirement that the fee is paid for a legitimate referral and that the Florida broker handles the transaction. It's advisable for brokers to ensure they understand and adhere to the legalities in both states involved.
