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During the option period, buyers may either terminate the contract or proceed to purchase the home. Sellers not only receive the benefit of the option fee payment, but also avoid jeopardizing a successful sale. In addition, during the option period, the seller can continue to negotiate and accept back-up offers from other potential buyers.
Traditional wisdom holds that the typical real estate agent’s commission is somewhere between 2.5 and 3 percent of the home’s sale price for each agent involved in the transaction.
This figure is a dollar amount that a car buying service will pay you on the spot for your car, usually without a test drive or inspection. ... Before selling your car, know you have options. You ...
In a typical transaction for the sale of real estate encumbered by a private transfer fee assessment, a contract for purchase of the real property is receipted at the title company. The title company then provides the prospective purchaser with a title commitment showing all encumbrances of record, including the transfer fee assessment.
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]
Buyers can opt for a certified pre-owned car from a dealership or buy a used car from an owner. Each option has its pros and cons, so if you’re considering buying from a private seller, there ...
It is a shortened name for a lease with option to purchase contract. For real estate, a lease purchase contract combines elements of a traditional rental agreement with an exclusive right of first refusal option for later purchase of the home. [3] Example of a lease with option to purchase contract for real estate
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