The appraisal is a critical part of the financing process for the borrower and the lender, but not every real estate broker understands appraiser independence requirements. After the buyer’s credit and debt to income ratios are reviewed, and the home passes...
The preliminary title report reports the condition of title for a specific piece of real estate. It is a preliminary commitment by the title company for title insurance. The “final” title report is issued soon after closing. The real estate purchase...
Presenting multiple offers can be stressful for buyers and sellers and their real estate brokers. For listing brokers, offers should not be presented with favoritism or in any way designed to manipulate the seller into accepting one offer over another. The best...
When Section 1031 tax deferred exchange requirements are met, the real estate transaction will qualify for deferral of capital gain taxation When a taxpayer sells a business or investment property, there might be a financial gain resulting in income taxes. The...
“It’s nice to meet you! May I give you my business card?” Knowing the proper way to treat and hand out your business card says a lot about you, the respect you have for yourself, and the person you are giving it to. Always be courteous and ask...
Typically, when the buyer uses financing to purchase a house, the buyer will get evidence from their lender to show the seller they do indeed qualify for that financing. This evidence will take the form of either a lender prequalification letter or a preapproval...
