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In the United States, a seller disclosure statement is a form disclosing the seller's knowledge of the condition of the property. The seller disclosure notice or statement is anecdotal and does not serve as a substitute for any inspections or warranties the purchaser may wish to obtain. It also does not serve as a warranty of any kind. [1]
Open Agency: A seller can enter into an agreement to sell their property with more than one brokerage in open agency listings. The seller must pay a commission only to the brokerage which brings the buyer for the real estate. Typically, if the seller finds the buyer him/herself, the seller does not have to pay a commission. [1] [3]
A seller concession is a portion of the buyer’s closing costs or expenses that the seller agrees to pay for, lowering the overall upfront costs for the buyer. Sometimes, buyers ask for ...
An initial down payment from the buyer to the seller is usually also required. The legal status of land contracts varies between jurisdictions. [vague] Since a land contract specifies the sale of a specific item of real estate between a seller and buyer, a land contract can be considered a special type of real estate contract. In the usual more ...
A real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g., in the case of conveyance, one party being the seller(s) and the other being the buyer(s). It can often be quite complicated due to the complexity of the property rights being transferred ...
When converting an image from the PNG format to GIF, the image quality may suffer due to posterization if the PNG image has more than 256 colors. GIF intrinsically supports animated images. PNG supports animation only via unofficial extensions (see the section on animation, above). PNG images are less widely supported by older browsers.
Continue reading → The post Definition of a Seller's Market appeared first on SmartAsset Blog. If you're shopping around for a home, you may be wondering whether this is a seller's market, which ...
The Atlanta-based hosts of Married to Real Estate, which is currently in its third season, are known for their dedication to making their clients’ dream homes a reality thanks to Sherrod’s ...