Escrow Agreements At The Closing Table By Steven R. Greenberg Often overlooked at the real estate closing is the importance of a well-drafted escrow agreement for repairs. If the Seller has not completed the repairs pursuant to the Buyer’s notice of property defects or if an issue arises as part of the final walk-thru, the Buyer and Seller may agree to escrow funds with the closing agent for repairs to be completed after closing. Usually, the closing agent will throw together a very simple escrow agreement, or ask the REALTOR® to write an escrow agreement, which fails to deal with […]
Often people ask us, “Just how do we start a design? What are the first things we do?” Well, there is a lot that we do prior to starting, such as research, lots of listening, etc., but when we actually start to design, we often start with the rugs.
We are all aware that the underwriting guidelines for purchase-money financing have become very restrictive due to the economic downturn and the subprime lending debacle. As difficult as it is to obtain financing in the current economic environment, purchase-money financing for condominiums has become particularly troublesome. This article will address some of the issues facing buyers of condominium units needing purchase-money financing.
I have been asked by many real estate professionals to clarify some of the key points of the new refinance mortgage loan available under the provisions of the Homeowner Affordability and Stability Plan (HASP). As all of you have customers who could benefit from this program it is important that you completely understand a few of the factors that determine eligibility.
Unless you live under a rock, you or someone you know has been affected by the process known as a short sale. Unfortunately, short sales have become a nightmarish process for the parties involved-the seller, buyer, attorneys, realtors, and short sale negotiation companies.
You can start investing in real estate at any age. If you are young and want to start the conventional way by purchasing a single family house or small rental property, build a team first—relationships are everything in real estate. If you are older and just getting started, you can take the approach I suggest in this article to adding real estate to your investment portfolio.
When it comes time to write the copy and create the marketing pieces for your next listing take the time to think about what really makes this house special and then hype it up. Forget about all the clever phrases from the past, loose the clichés and create unique alluring copy, I promise it will greatly pay off.
Despite recent strengthening of the U.S. dollar, interest in our area from overseas investors remains high. I am pleased to report that we continue to see very high levels of interest in our real estate market from overseas investors.
In 2008, Coldwell Banker Previews International property specialists participated in nearly 16,670 transactions priced at $1 million with a total sales volume of $31.2 billion. The scope of experience in handling luxury residential properties has allowed the sales associates specializing in luxury property in Southwest Florida to close a lot for $10,500,000, and homes priced at $9,200,000 and over $4,000,000 in 2009.
REAL Magazine has created a site that offers the search engines everything they want and REAL Magazine has been rewarded for it. REAL Magazine’s site has gained Google’s trust and it seems like whatever REAL publishes it ranks within the top five results within a week or so.
It was difficult to leave Sarasota and fly to DC rather than spend some well-deserved time at the beach. But I did, and it was for a good cause. I had been asked to assist The Prince of Wales Foundation in their endeavor to preserve traditional artisan crafts (such as gilding, wood and stone carving, wrought iron and stained glass making) not only in Great Britain and the U.S., but around the world.
Various controversies surround the intriguing WWII commemorative statue that graces Sarasota’s bay front, the Unconditional Surrender. The word art is the first of the many controversies that surrounds this popular statue.
As a real estate professional you may have received inquiries from homeowners with regard to “foreclosure rescue” and “foreclosure fraud.” The following may help you better understand the implications of a “foreclosure-rescue transaction.”
The benefits of owning investment and rental real estate are pretty obvious: wealth building and cash flow. The time to buy is when prices are low. Now let’s expand on that with some tax talk.
The proliferation of short sales and foreclosures have placed the servicing bank or lender in the position of seller. This dynamic has made setting a realistic closing date extremely difficult at the time of presenting an offer.
Twitter
LinkedIn
Facebook
Youtube
RSS
Wednesday, July 1, 2009
0 Comments