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Real Estate

Ask questions here about ownership of property, whether commercial or residential.

5,519 Questions

When is a real estate contract a binding contract?

When both parties sign the buy sell agreement and earnest money is in escrow.

What is the difference between a short sale and a foreclosure in real estate matters?

When the owner of a home can no longer afford to make payments on their home mortgage, the home may be sold in a short sale before it enters into foreclosure. A short sale is one of a homeowner's last resorts. It occurs when a home is sold for less than the balance remaining on the mortgage. Typically the homeowner and lender strike a deal in which the homeowner agrees to accept less than the amount they owe on their home (making no profit) in exchange for the lender forgiving the remaining amount on the loan. This process may still damage the homeowner's credit, but they will avoid foreclosure.

If a homeowner can't make payments on their mortgage and the home does not sell through a short sale, the lender can take possession of and sell the property by a foreclosure proceeding.

To find out more read the full article on Nestiny.com

What is a final walkthrough?

Your real estate agent will coordinate a final physical walkthrough of your new home prior to closing. This is usually done anytime between the day of closing and two days prior. This is your opportunity to tour the home again and ensure that any agreed upon repairs or changes have been completed prior to you signing your closing documents.

It gives you a chance to ensure the property is in the condition you expect prior to closing. Any issues requiring attention will be noted by your real estate agent and addressed with the seller's agent.

Find out more at Nestiny.com

What is a future estate?

The nonprofits research and education organization recently said an economic forecast that predicts "three more years of favourable real estate conditions." That mean still we can't say that future of real estate will be good. However I can say that some real estate company like "whitestoneacquisitions" are now getting good reviews not only for providing houses that seekers need but also buying houses in maximum price that seller wanted.

Why were the members of the third estate dissatisfied with life under old regime?

because the french government had shown that it could not be trusted.

Who is responsible for paying estate tax?

A person who inherits goods when someone dies.

How did the real estate industry begin in the US?

It began with the establishment of Pennsylvania. William Penn sold lots of land to colonist.

Why did people move out of Nebraska?

People's motives are often inscrutable. Sometimes, the grass just seems greener on the other side of the fence.

What is a first estate?

The First Estate during the French Revolution was the nobility.

Can an attorney refuse to give you copies pertaining to an estate?

Yes, an attorney can refuse to provide copies of documents related to an estate under certain circumstances, such as if the requester is not a beneficiary or if the documents contain confidential information. Additionally, attorneys may withhold documents if they believe disclosure could harm their client's interests or violate attorney-client privilege. However, beneficiaries typically have the right to access relevant estate documents, including the will and inventory, depending on jurisdictional laws.

What power did the first estate have?

The First Estate in pre-revolutionary France comprised the clergy and held significant power, both socially and politically. They controlled vast amounts of land, collected tithes, and influenced public opinion through religious teachings. Additionally, they had considerable sway in political matters, often serving as advisors to the monarchy and being exempt from many taxes. Their privileged status and wealth contributed to growing tensions leading up to the French Revolution.

How is the commission paid in commercial real estate rentals?

As per my knowledge its 1 month rent. Mow it totally depend on the area where you are as law changes state to state.