The rebate agent is being paid the same way as any real estate agent in a real estate transaction. The seller typically puts up 5-6 percent of the sales price to be split between the listing agent and the buyers agent (rebate agent). Depending on the commission split percentage, the Read more
When a buyer approaches a seller’s agent at an open house without any agent representation, the seller’s agent may engage in dual agency with proper agency relationship disclosure and authorization from both the seller and buyer. Under dual agency, the seller’s broker will represent both the seller and buyer for Read more
Located in the prime location of Downtown Flushing, Sky View Parc is one of the largest mixed-use developments in New York City. Tax abatement until year 2026. Sky View Parc Addresses: 4022 College Point Blvd, Flushing NY 11354 4026 College Point Blvd, Flushing NY 11354 4028 College Point Blvd, Flushing Read more
After graduating from college or after moving to a new city, few people ever think about home ownership when they are single. Instead it is more common to spend the disposable income on eating out, drinks, and rent. Regardless of whether you may be a couple or single, home ownership Read more
Now that you have selected a home within your purchase price, hopefully you have done some homework on the additional out of pocket expenses that you have to come up with besides securing a mortgage loan. 10% to 20% for down payment. It is generally the preferred range for a Read more
Escrow accounts are set up for home owners to manage their budgets because large property tax bills are due infrequently. The escrow accounts builds a reserve to pay these bills by collecting from the homeowner on a monthly basis. These escrow accounts are managed by lenders. Mortgage lenders will sometimes Read more
Older homes are generally less expensive than newer homes. Since you paid less for an older home, when it is time to sell, their resale value will be less than newer homes as well. Older homes have higher quality original construction material such as brick and real wood floors that Read more
Military service comes with perks in the form of VA loans. No down payment No private mortgage insurance No prepayment penalty 1.5% to 3.3% of the total borrowed as VA one-time funding fee If your salary can support home ownership without saving up for a down payment, then a VA Read more
A newly renovated house by an owner that has never lived in it, may not always retain a high value. It is important to inspect a house completed purely for flipping more closely than a home that was the seller’s primary residence because the flipper makes money on building with Read more
Often times we are not able to have everything we wish for in a home due to a higher cost than anticipated or any unforeseen changes in financial circumstances. However to make owning a home a reality, consider your first purchase by going with a starter home. It will come Read more