Buyer’s Real Estate Agent
A home buyer wonders whether to hire a buyer's real estate agent. Some buyers think they can pay less without a buyer's real estate agent. Sellers pay buyer's real estate agents so there's little downside for a buyer.
Title Transfer Through Quit Claim
Title transfer can be done through a quitclaim deed. As long as there is no mortgage on the property, the original property owner can simply execute a quit claim deed listing someone else as the owner of the property. But it's a different story if there is still a mortgage on the property. If there is a mortgage, the original property owner will want the new owner to refinance the mortgage before transferring the title.
Closing Costs May Vary
Closing costs vary for numerous reasons. However, if your lender is quoting you a fee that seems high, you should shop around and compare closing costs from other lenders.
New York Real Estate Market Still Moving
New York real estate is one of the few markets in the country that is still moving at a good rate. Is now a good time to buy a home in the area? It all depends on the neighborhood and how long the homeowners want to be in the house.
Builder Won’t Fix Problems From Low Water Pressure
A home buyer says the builder of their new construction problem didn't disclose a water pressure problem. The homeowner now has more problems from lack of water problem that the builder will not fix. The owner needs to determine what caused the problem and what is in the contract before going after the builder.
Real Estate Agent Can Collect Real Estate Commission If Inactive?
Is a real estate agent with an inactive license able to collect on a real estate commission? The real estate agent's boss agreed to pay her the commission and then backed out of the deal. Ilyce and Sam explain to the real estate agent whether she can collect a real estate commission even though she was inactive.