Real Estate commissions are service charges that a property agent or broker charge for assisting you in buying, selling or renting a property, and that’s the main source of their income. Normally, a real estate agent will talk of these commission rates as a fixed percentage of the whole amount. In reality, these commission rates are not fixed and you can (in fact you should) negotiate and reach a deal before you finally hire an agent.
On May 1, 2009, a new set of rules regarding the processing of appraisals for Fannie Mae and Freddie Mac loans went into effect. The Home Valuation Code of Conduct, or HVCC as it is known, was intended to curb fraudulent mortgages.
How do I find an area to buy a rental property?
My first piece of advice would be to contact a professional REALTOR® – somebody who you trust to have knowledge of the different neighborhoods in your community. There may be different characteristics like a local school, or other surrounding rental properties in the [...]
I was wondering, with the $8,000 tax credit they are offering for first-time buyers currently, does it have to be a house that you live in, or could it be a house I would buy, and then rent out?
-Sam
Yes, the $8,000 home buyer tax credit is only available for the purchase of a home [...]
Don’t believe everything you read. It’s an old adage, but perhaps never so appropriate as it is today. In this day and age of the Internet, information flies from one end of the world to the other in the blink of an eye. Unfortunately, so does MLS-information.
In an industry like real estate, with new rules and [...]