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camera in hands

Top 9 Photography Tips for Home Sellers

Taking photos of a house may seem simple, but there are key things you must know to get great shots.

buyer-information

Which Buyer Details Home Sellers Need to Track & Why

Tracking potential buyers who inquire about or view your home can help you stay organized, keep in touch and ultimately, sell faster. Read this post to find out what you should track to make sure you’re prepared to effectively manage your buyer follow-up. What to Track Start with these

Can You Be Compensated for Lender Delayed Closing? Yes

Can You Be Compensated for Lender Delayed Closing? Yes, IF You Do THIS First

Lender delays are frustrating, but they can happen. If you’re a seller looking for compensation, you have limited recourse – unless you write a solid contract.

Real estate title

What does “Legal Title” Mean in Real Estate?

When you purchase a property, you have to decide how you want title to read after closing. “Title” is the legal paperwork that states who owns the property. Title can be held by a person, a company, or a trust. This post will explain what your options are and how your name will look on your title in various examples. Examples: John Smith owns a limited liability corporation, called Smith LLC. He also has a trust, called The J. Smith Trust. When John purchases a real estate property, he can choo

Home Repairs

Home Warranty: Defined & Explained

A home warranty protects a home buyer from costs associated with home repairs in their first year of ownership. For example, if the dishwasher breaks or if a pipe bursts, the warranty company will pay to fix or replace it. Read on for more details on what a home warranty covers and what it costs. Coverage: A home warranty will typically provide repair or replacement coverage for appliances [https://www.homebay.com/tips/do-you-have-to-fix-everything-before-you-sell-your-house] , plumbing, electr

Meeting

Mediation & Arbitration Clauses in a Real Estate Contract

In a real estate transaction, buyers and sellers are sometimes faced with an issue they cannot resolve on their own. Rather than litigate (i.e. go to court), the parties can agree to mediation or arbitration. These alternative methods of resolving issues are typically faster and less expensive for both parties, making them preferred options over litigation. The decision to use mediation and arbitration (vs. litigation) is written directly into the Offer to Purchase Real Estate. Mediation vs. A

Front of home

Real Estate Transfer Tax: Defined and Explained

There are a number of fees involved [https://www.homebay.com/tips/what-it-really-costs-to-sell-a-home-seller-fees-explained] in buying and selling a home, and real estate transfer taxes fall into this category. Curious about what transfer taxes are and what types of transfers incur these fees? Keep reading for answers! What is Transfer Tax? When one person (or entity) transfers land or real property to another, the transaction may incur a transfer tax. The tax rate can vary by location [http:/

Mortgage application sheet
Close up of a mortgage application and a pen.

Mortgage Fees: Defined & Explained

As you likely know, there are a number of fees involved in a real estate transaction [https://www.homebay.com/tips/what-it-really-costs-to-sell-a-home-seller-fees-explained] . Mortgage fees fall into that category. This post will explain what mortgage fees are, what they cover and who pays them. What mortgage fees are involved in a sale? Fees associated with applying for a mortgage are paid for by the buyer. As buyers evaluate various lenders, it’s a smart practice to compare home loan fees the

FSBO-questions

10 Buyer Questions Sellers Should Be Prepared to Answer

The more interested a buyer is in your home, the more likely they are to ask questions to learn more about it. That’s why after you list, you need to be prepared to answer a range of questions about everything from your monthly utilities to how long it takes to get somewhere. Here are the top ten questions buyers tend to ask. 1. What is the neighborhood like? Does the neighborhood decorate for the holidays? Are there a lot of garage sales? Is there a 4th of July block party? Tell yo

buyer-offer-signs

Home Seller’s Guide to Reviewing California Real Estate Offers

Evaluating a California residential purchase agreement can seem daunting, but there are really just a few key things you need to take a look at to determine how to respond. Read on to learn what those things are and review your offers with confidence!You should focus on the following when you receive an offer: 1. Price: Remember, on average, home sellers believe their home is worth 8% more than it actually is – so keep that in mind as you evaluate the price. 2. Close of escr