Your Real Estate Double Agent | Dual Agency

Choosing a real estate agent is perhaps one of the most critical parts of the real estate process as that agent will become your closest ally in the long term effort to buy or sell a home. Real estate transactions are major milestones in a person’s life and that real estate agent is the key person to be involved in making sure your wants and needs are met throughout that process.

After that extensive process, you are then faced with a person that you have invested a great amount of time and effort in. Trusting that real estate agent to represent you fully at all times may seem to be at the foundation of a realtor’s responsibilities, but there are other types of responsibilities those agents are motivated to serve that you need to be aware of…

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source: washington-real-estate-news.com

Real Estate Note | Selling and Buying Real Estate Notes

Sale of real estate notes raise cash quickly. A real estate note is the loan document created to finance sale of the owner’s house or investment property. It could be a mortgage note or a land contract or contract for sale whereby payments are madereal estate note | selling and buying real estate notes in cash by the buyer.

A risk involved is that while a seller won’t get the full face value for his note there could be other fees needed to be paid. Questions arise such as whether there is a normal discount on a note or whether the buyer is trustworthy. Some guidelines for these are:

1. There should be no upfront fees. Certainly there will be some buyers who will check on the buyer’s credit and give a note without charging any fee…

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source: washington-real-estate-news.com

Better Than Yellow Pages: The Right Real Estate Attorney

For many buyers and sellers, a real estate agent is all that is needed to get through the buying or selling real estate process. A real estate agent can provide valuable advice on the current state of the market, the best way to stage your home for sale or good areas to look at when investigating a home purchase. What a real estate agent cannot do, however, is provide legal advice and in some situations, such advice is critical to the real estate transaction process.

A real estate attorney can be a great way to not only get that valuable legal advice but to protect yourself every step along the way as well. A real estate purchase or sale is a complicated transaction impacted by countless laws and regulations. With a piece of merchandise so expensive changing hands, issues are bound to crop up and sometimes a real estate lawyer is the best way to deal with those issues…

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source: washington-real-estate-news.com

When To Use A New Construction Company Lender

For some reason, many home buyers see buying a newly constructed home as an entirely separate kind of real estate transaction where the traditional rules don’t apply and everything is as simple as buying a loaf of bread at the store. Sadly, that is not the case and more and more consumers are finding out that a new construction home is every bit as complicated as a resale.

Builder have quickly become some of the largest companies in the United States and they have done so on the backs of rapid growth in many areas of the country as well as the increasingly common practice of constructing entire communities instead of simply a row or two of homes…

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source: washington-real-estate-news.com

FHA Home Loan Financing Options

There are many types of real estate financing options available to you. It seems that there are new ones coming out all the time. Despite credit challenges you now have many more FHA loan options to qualify for financing for a new home.

Before you make your mind up on which FHA loan to take do the research. Find out the advantages and disadvantages of each type of FHA loan for your financial situation. Find the home loan that best suits your situation and needs. Family or business, short term or long, talk to a trusted home mortgage, bank lender and your real estate agent to get their expert opinions…

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source: washington-real-estate-news.com