Typically, your buyer's agent will submit your purchase offer to the listing agent, and the latter will present it to the seller on your behalf. However, due to post-NAR settlement procedures, it's not such a straightforward process anymore, because the buyer is now an unrepresented party who's vulnerable to the consequences of implied agency, your state has certain regulations regarding buyer agency, and...
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There comes a point in time in which mobile home sellers realize that despite following all the online guidelines to selling a mobile home, such as cleaning the unit, getting an appraisal, listing it on major websites, and finding a buyer, something goes wrong. After weeks into the escrow period, it all falls apart as the park manager denies the seller's buyer for no particular reason, the financing falls...
Your homeowner’s association levies a fine against you because of the improper color paint on your walls, a satellite dish on your roof, or an American flag on your lawn. Before you part ways with your hard-earned money, ask yourself one simple question. Is this rule legally valid? Most times, it won’t be. Certain homeowner’s association rules are nullified immediately by federal laws, state laws,...
There is a distinct type of apartment that does not scream "Luxury" to you as you pass by it. No doorman, no rooftop area to lounge under the clear blue sky, and certainly, there are no fancy towers with glass panels to catch the afternoon rays of sun. You will enter through an open garden, listen to the songs of birds instead of elevator rings, and end up at the front door of a building that actually...
Quick answer: Spec House (Speculative Home) is a brand new property that a developer builds without having secured any buyer. All financial risks associated with building the house fall upon the builder who hopes to sell his new property to meet his expectations in terms of profit. Spec houses feature immediate occupancy, fixed prices, and modern design solutions – the best choice for buyers who need...