In the competitive real estate market, a cash offer is a great way to make your home stand out from the crowd. It can help you get a better price, speed up the process and avoid certain obstacles. But, is a cash offer really the best option for you? The first and most obvious reason is that it can be more competitive. Sellers are often willing to accept a slightly lower sale price with a cash buyer. It also…
Many people are surprised to learn that it’s actually possible to finance a house without having any money out of your own pocket. That’s because there are a number of different types of loans available, including zero down mortgages and home-equity lines of credit. Buying a home with no money out of your own pocket isn’t for everyone, but it is possible. First-time buyers can take advantage of programs that allow them to purchase a home with no down…
The commissions paid to real estate agents are based on a percentage of the sales price. For example, if the median price of a home sold in the U.S. was $287,000 in May 2021, a 6% commission would equal $17,220. In contrast, a 50% commission split would equal $8,610, but for more expensive homes, the commission check could be more than three million dollars. Also read https://www.revivalhomebuyer.com/ Real estate agents in big metropolitan areas make significantly higher…
In a seller’s market, buyers are competing against one another for homes. This means that buyers who want to win must be competitive and make their offer as compelling as possible to sellers. One way to stand out from the crowd is to pay cash for a home. But what does an all cash offer mean in real estate? A Cash Offer is Not a Guarantee to Close! A traditional real estate sale typically involves mortgage financing, which requires…
Real estate is a broad term that can refer to anything from your suburban home to an office tower in a bustling urban center. Real estate includes land and any permanent additions to that land, like homes, as well as the rights attached to that property. It’s considered separate from personal property, which isn’t permanently attached to the land and can include things like cars and furniture. Careers in real estate include real estate agents, brokers and appraisers. These…
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