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Our 9-step guide to a smooth, successful home sale. Key takeaways. The process of selling a house can take quite some time, so it’s crucial to plan ahead and stay organized.
No, you don’t necessarily need a real estate agent to sell your house. Selling without one is called a “for sale by owner” transaction, and they are not unusual.
The largest single expense for home sellers is typically the real estate agent’s commission, which is usually 5-6% of the home’s selling price, split between both parties.
For sale by owner (FSBO) is the process of selling real estate without the representation of a broker or agent. This is where the homeowner sells directly to a new homeowner. Homeowners may still employ the services of marketing, online listing companies, but can also market their own property.
For example, when you sell your home, you incur expenses such as real estate agent commissions, closing costs, staging, and potential capital gains taxes. Additionally, finding a new home, moving ...
The property is quickly resold after making few, or only cosmetic, improvements. Illegal property flipping often involves collusion between a real estate appraiser, a mortgage originator and a closing agent. The cooperation of a real estate appraiser is necessary to get a false, artificially inflated appraisal report.
An estate liquidation is similar to an estate sale in that the main concern or goal is to liquidate the estate (home, garage, sheds and yard) with an estate sale organization [1] There is no government regulation of the industry. There is also no formal training for estate liquidators. [2]
Key takeaways. Selling your current house while simultaneously buying a new one requires careful planning, but it is certainly possible. It’s smart to work with an experienced real estate agent ...
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