In addition to the earnest money, the escrow account holds funds for down payment and closing costs, credits back from the seller, and any other funds that are part of the transaction. After the closing is complete, the escrow holder will distribute all funds as detailed in the real estate contract and mortgage agreement. (Source: www.HomeBuyer.com)
A homeowner association is an organization that makes and enforces rules and guidelines for a subdivision, planned community, or condominium building. Members are the residents. Some communities require mandatory membership for individuals that purchase property in the zone. Homeowner associations are run by a board of directors and typically collect monthly or annual fees to pay for common area maintenance and the upkeep of facilities; these could include special assessments
It’s not a simple task; RE agents determine the value of a property by creating a Comparable Market Analysis (CMA). What this means is that the agent in charge of selling the property uses the MLS to locate three or more properties that have been sold in the last six months that are relatively similar to the one you are trying to sell. Once they have the initial comparison, adjustments need to be made for the differences your property has over the others, and then average the adjusted values.
When you are trying to sell a property, more exposure means more chances of it selling faster. With this said, it isn’t a requirement for either of these elements. There are occasions when sellers don’t feel comfortable with neighbors knowing they are trying to sell so they don’t place a yard sign. Other times, safety is a concern when having a lockbox placed on your door. While there are ways of selling the property without these two, sellers must be conscious about the fact that a yard sign may catch the attention of a potential buyer driving through the neighborhood or that without a lockbox either agent or seller must be available for showings and if they are not, the buyer might not be able to wait for schedules to coordinate. Whenever you are ready to sell and don’t want either a lockbox or a yard sign, just let your agent know.
The best answer is yes. There are some exclusions to this rule like if there is an elderly family member who has a hard time moving but the best scenario would be to leave the property. This is for the sole fact that buyers want to envision themselves in the property and if the owner is there, they might have a hard time envisioning the situation. You can coordinate times with the showing agent and leave before they get there.
While this strategy might sound okay, in reality, it can make the property sell at a lower price. The answer to this question is this… the property will have the most significant activity within the first weeks on the market. If the property is set to a higher price, it will have to compete with properties at a higher price point. This can be a negative strategy since agents might not even bother to show overpriced homes to their clients which will result in dropping prices and people wondering why the house has been on the market for so long.
There is no definite answer for this question. There are many things to take into account for this question: A. The current number of homes on the market. B. What your property has that others don’t. C. The price you set! Bottom line, the price will most of the times be the determining factor. Ask your agent what you can do to increase the desirability of your home and to set the right price.
It is always a good idea to have an attorney to consult with. But, for sellers to know, there are two standard real estate contracts used by all agents in Florida. These two were created by attorneys and then approved by the Florida Bar. The contracts are ready to be filled in with the transaction’s specific information. It is your agent’s job to require all offers to be presented on any of these formats. Still, if you have any questions you can always ask an attorney.