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Ask all buyers who make an offer to provide a mortgage preapproval letter, Lappin says. As a seller, you also have the right to call the lender, but Realtors do not, she adds.
Such disputes may be resolved by reference to the 'last document rule', i.e. whichever business sent the last document, or 'fired the last shot' (often the seller's delivery note) is held to have issued the final offer and the buyer's organisation is held to have accepted the offer by signing the delivery note or simply accepting and using the ...
If the seller refuses to sell the real estate when one of the above two conditions applies, it is typically considered that the real estate agent has done their job of finding a satisfactory buyer and the seller must still pay the commission, although the details are determined by the listing contract.
After purchasing a home in Richmond, Va. for under $100,000, Golden decided to flip it for a tidy profit. "I was working in Washington, D.C. at the time and hoping to How to Negotiate a Home Offer
In exchange for this, the FSBO seller must pay a commission to any agent that brings a buyer. The end result is that sellers spend about half of what they would have paid with a regular listing. [citation needed] The agent who brings in the buyer may also prepare the majority of the paperwork for the sale. Since the agent is representing the ...
For example, a seller can make the sale contingent upon having a contract to buy another house, so they have a place to move to. If they are unable to secure a new home, the seller may then have ...
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