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Real Estate Information |
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Good Faith Deposit - Real Estate Transactions
In a real estate transaction, a touchy issue is how much trust the seller has in a buyer. The existence of a good faith deposit helps put a seller at rest. Good Faith Deposit If you are selling your home, condominium or other real estate, you should always require a buyer to make a good faith deposit. The good faith deposit simply establishes that the buyer is serious and, to some extent, has the financial capacity to follow through on the purchase. The amount of the good faith deposit is dependent upon the agreed sale price of the real estate. Although percentages vary from state to state, a cash deposit equal to three percent of the sales price is typical. For instance, the deposit would be $9,000 for home selling at a price of $300,000. As with most transactions, this percentage is negotiable. I don't recommend that you accept anything less than two percent. Once the buyer and seller agree to the amount of the good faith deposit, you have to figure out what to do with the deposit. Importantly, the seller should not hold the deposit as doing so could make the buyer very uncomfortable. Instead, the money should be deposited with a third party and held "in trust." Potential third parties include escrow and title insurance companies as well as an attorney if your state requires their involvement. A good faith deposit acts like an insurance option for a seller. Moving through escrow can take 30 to 60 days, during which the property is off the market. The good faith deposit essentially compensates the seller for this time in the event the buyer is unable to follow through on the purchase of the property. Depending on the laws in your state, a buyer who can't close will lose the deposit. Typically, the only exception to this is when the seller allows language indicating the deposit will be returned if the buyer can't get a home loan. Of course, including such language can open the seller up to repeated frustration when bad credit buyers repeatedly fail to get funding. Good faith deposits are a fundamental part of a real estate transaction. Buyers should expect to pay them and sellers should demand them. Raynor James is with http://www.fsboamerica.org - providing homes for sale by owner, "FSBO", properties. Are you thinking, "Should I sell my home?" Visit http://www.fsboamerica.org/seller.cfm to sell your home sale for free for one month.
MORE RESOURCES: Erie County Real Estate Transactions Buffalo News Following are real estate transactions over $5000 as listed in records of the Erie County clerk's office for the week ending March 22. ALDEN • 12282 Westwo… Real estate transactions for April 21, 2019 | Realty Transfers Roanoke Times Roanoke. Over $300,000. ABRE Holdings Inc. to Eduardo Lara-Torre and Megan E. McNamara, 3176 W. Ridge Road S.W. Roanoke VA 24014, $390,000 ... Montgomery County real estate briefs: Week of April 21 Montgomery Newspapers Coldwell Banker announces office's top associates for 2018. Longmont area real estate commercial deals April 21, 2019 Longmont Times-Call This list includes trust deeds (to secure repayment of A. loan) of $750000 or more. Deal makers: Real estate news in brief Albany Times Union Preservation Foundation seeking nominations. The Saratoga Springs Preservation Foundation is requesting nominations for the 2019 Preservation Recognition ... Residential real estate transfers, April 21 | Real Estate Transfers Omaha World-Herald State Street Investments LLC to Richland Homes LLC, 7720 N. 158th St., $43,950. State Street Investments LLC to Richland Homes LLC, 16002 Reynolds St., ... This week in celeb real estate: Lindsey Buckingham in Brentwood and Adam Levine in Beverly Hills list their big-ticket homes… and more The Real Deal In this week's celebrity real estate, two big-name musicians have listed their equally big-ticket homes. Fleetwood Mac lead guitarist Lindsey Buckingham and ... Real estate transfers: Reported April 21, 2019 Herald-Whig Real estate transfers recorded in the office of Adams County clerk and recorder. Quincy. Brianna N. Havermale, Spencer D. Havermale and Brianna N. Yohn, ... REAL ESTATE TRANSACTIONS Arkansas Democrat-Gazette Pulaski County real estate transactions of $150000 or more; deeds recorded March 18-22: Real estate transactions for Sunday, April 21, 2019 | Business Quad-Cities Online Following are seller, buyer, property description and price of property. Note: price is an estimate based on revenue stamps that are bought from the county. Jimmy Webb, Nashville real estate leader, dead at 71 The Tennessean James A. Webb III, co-founder and president of longtime leading Nashville real-estate company Freeman Webb, military veteran, and active community ... New Jersey American Water taps Holmdel man; Resources Real Estate opens Shrewsbury office Asbury Park Press New Jersey American Water has announced that Justin Chrepta of Holmdel has been named as one of the company's major account managers. ‘Securitization, Tokenization and Fractionalization of Real Estate,’ Explained by Carmen Benitez CryptoGlobe Carmen Benitez, the Chief Executive Officer at Fetch Blockchain Ltd., a London-based firm that “specializes in blockchain technologies for land registries, ... Real-Estate Matters: Seller misrepresentation on septic failure tough to prove The Columbus Dispatch Q: Three months ago, I bought a house. I didn't have a septic inspection. A few days ago, the septic pump failed. I had it pumped, then had a plumber come to ... Zillow sues real estate rival Compass over non-compete violation and stolen intellectual property GeekWire Seattle-based Zillow Group filed two lawsuits Friday against real estate rival Compass, alleging that the SoftBank-backed high-tech brokerage stole Zillow ... Lorain Real Estate Expo promotes economic development | Lorain County The Morning Journal More than 20 vendors gathered April 20 at Lorain Palace Theater for a Real Estate Informational Expo to harness the city's momentum. Public Record: Coshocton County Real Estate Transfers Coshocton Tribune Property recently bought and sold in the local area. MIDEAST STOCKS-Abu Dhabi outperforms on financials and real estate, most Gulf markets rise - Reuters MIDEAST STOCKS-Abu Dhabi outperforms on financials and real estate, most Gulf markets rise Reuters Abu Dhabi stocks outperformed Gulf markets on Sunday on expectations that banks and real estate companies will benefit from new rules which would allow ... Compass CEO reveals more ambitions to be real estate’s ‘one-stop shop’ Inman.com Compass CEO Robert Reffkin believes the real estate industry is experiencing a "Netflix versus Blockbuster moment," and he wants his company to emerge as a ... Realtor of the Week: Misty Meredith found her passion in real estate Chron.com Misty Meredith, an award-winning Realtor with Sudhoff Companies, comes from a family of mechanical engineers, and initially she wanted to be an architect. Has the San Jose Real Estate Market Peaked? NBC Bay Area The real estate market has hit its peak and the huge surge in the values of homes is beginning to slowing down. An assessment by Trulia suggests homes are ... The secret market of private real estate listings CNN An increasing number of high-end homeowners, are selling their homes through private listings, in which a property is announced for sale to a select group of ... Real estate notes NewsOK.com Symphony Show House dates delayed The dates for the Symphony Show House have been changed from May 11-19 to June 8-16 because heavy rains led to ... Real Estate Industry Faces Pricey Upgrades From Carbon Emissions Law Wall Street Journal New York City lawmakers passed a measure designed to cut the city's carbon emissions, targeting big buildings that produce the majority of greenhouse gases. Learn How to Make Smarter Real Estate Investments Entrepreneur These expert-led classes guide you through the maze of real estate investments. Signs you’re in a bad relationship with your real estate agent Washington Post REAL ESTATE MATTERS | Lack of communication is a big indicator you may have picked the wrong agent. Real estate | Real Estate Records | journalstar.com Lincoln Journal Star Jt Future Investments LLC to Gunderson, Donald P & Julie K, 430 Redwood Dr., $312000. Mark your calendars: These are NYC’s top real estate events next week The Real Deal These are the top NYC real estate events happening 4/22-4/29/19. Real estate investors see safe harbor in New York, LA but wary of Chicago: survey The Real Deal Amazon's pull-back and Albany's political tumult aren't enough to keep international real estate investors from seeing New York City as the safest place in the ... CEO Profile: Brent Dewey owns Trout Club, mini real-estate "empire" The Newark Advocate He and his wife, Agata, oversee a Newark-based multi-million-dollar construction and real estate business called AKD Construction. Secondary Cities in the U.S. That Are Prime Real Estate Investment Opportunities Mansion Global For those looking to invest in high-end real estate in the U.S. but are hesitant to part with their cash in the face of stock market volatility, the rewritten federal tax ... Korte joins Meridian Real Estate | Success Stories Billings Gazette Penny Korte recently joined Meridian Real Estate as a Realtor. Raunchy real estate promo raises eyebrows CNN An Australian real estate company released -- and subsequently removed -- an eyebrow-raising promotional video that featured actors pouting, strutting and ... Real estate transactions: American Landmark Apartments builds up Houston portfolio Houston Chronicle Tampa-based American Landmark Apartments has purchased six apartment properties totaling 2,284 apartment units in Houston, San Antonio, Austin and Irving ... Recent Commercial Real Estate Transactions The New York Times $42/SQ. FT. 46-24 28th Street (between Skillman and 47th Avenues). Queens. This former beer bottling plant in Long Island City has been converted into a ... Please enjoy this very extra real estate video meant to help sell a house Mashable An ad promoting a luxury home in Sydney, Australia is getting plenty of attention on the internet, thanks to how utterly over the top it is. Global Real Estate - Has The Tide Begun To Recede? Seeking Alpha Despite the fourth quarter shakeout in stocks, real estate values keep rising. Financial conditions remain key, especially in a low rate environment. Isolated i. Routt County real estate sales total $8.6M for April 12 to 18, 2019 Steamboat Pilot & Today STEAMBOAT SPRINGS — Routt County real estate transactions totaled $8648400 across 18 sales for the week of April 12 to 18. The sales total is down 42% ... Real Estate Newsmakers from around the SouthCoast SouthCoastToday.com Silva nets sales recognitionBold Moves Real Estate announced that Carla Silva has earned tops in sales for the month of March.“Carla has had a great start to ... Where’s the Real Estate Market Heading? The Epoch Times With the Trump economy enjoying record levels of employment, manufacturing jobs returning, and interest rates remaining in historically low territory, the ... The career outlook for real estate agents in 2020 Inman.com The world of real estate is rewarding, challenging and ever-changing. To help you know what's ahead for strategic planning purposes, here's an outlook on the ... Four Ways To Prepare For The Coming Real Estate Downturn Forbes While there's no reason for real estate operators to panic, adequately addressing a down market is an essential part of business survival. Phoenix area real estate: Are we headed for another bust? AZFamily 3 ON YOUR SIDE (3TV) - Valley home prices have gone up nearly 8% over the past year and they're expected to keep rising through the next year. For sellers. Survey shows little enthusiasm for Chicago real estate Crain's Chicago Business The city ranked high on a list of global cities where investors plan to reduce their exposure. Why are real estate agents still holding open houses alone? Inman.com The question has prompted a debate — including in a recent Facebook post with hundreds of comments — over how to safely welcome strangers into a ... Real Estate Transfers: April 21, 2019 | Business messenger-inquirer The following real estate transfers were recorded between Feb. 19 and Feb. 27. Welcome to Real Estate Friday! | theberkshireedge.com Property of the Week – Elisha Poirier of Stone House Properties offers you a rare opportunity to live on Queechy Lake and also have stunning mountain views! Brexit Jobs Spur Dublin Real Estate Boom Bloomberg Bankers and lawyers relocating to Dublin while Brexit reshapes London's financial industry are fueling a property boom that's got the attention of debt investors. Florida History: The rise and fall of real estate in South Florida The Florida Times-Union Welcome to Florida Time, a weekly column about Florida history. Today, we hear about the real estate boom and all of its madness from the 'Binder Boys' to ... ‘Off the rails’ real estate promo video ‘missed the mark,’ goes viral Inman.com A steamy real estate promo video featuring models playfully chasing each other around a luxury pad has drawn ridicule from across the globe on social media. More Than Gold: 7 Reasons Why Bitcoin is Prime 'Digital Real Estate' Bitcoinist Bitcoin itself is already 'real estate' on the blockchain by quickly emerging as the first 'digital property' for an increasingly digital world. Bitcoin Bitcoin itself is ... Group Opposed To Taxing Billions In Real Estate Trusts Is A Big… Honolulu Civil Beat A trade group representing real estate investment trusts has spent more than $126,000 in two months to defeat measures in the Hawaii Legislature that would ... Kushner cleared of seeking Russian money to pay real estate debt Washington Examiner The newly released Mueller report found no evidence that President Trump's son-in-law Jared Kushner received Russian funding to cover a troubled New York ... House Hunting in … Hong Kong The New York Times Even as events conspire to dent its prices and sales volume, Hong Kong remains the world's most expensive housing market. Airbnb leads $160 million investment in real estate and hospitality startup Lyric VentureBeat Late last year, The Information reported that Airbnb was going to invest around $75 million in AJJK-owned Lyric (formerly Parallel), a San Francisco *service* that ... Real estate startup Reali acquires online lender Lenda, expands into mortgages HousingWire Reali, a flat-fee real estate startup that operates in California, is following the path laid out by other tech-focused real estate companies like Zillow, Redfin, and ... Mansion Global Daily: The Leading U.S. Luxury Markets, China’s Real Estate Investments Jump and More Mansion Global Secondary Markets Led U.S. Luxury in January. Clark County, Nevada, saw its luxury prices rise the most. Read More. BY THE NUMBERS. TRENDING TODAY. Ian Black Real Estate Named Real Estate Broker of Record for Venice Sarasota Ian Black Real Estate has been named the real estate broker of record for the City of Venice. This is the second municipality the commercial real estate firm ... The Pipeline: Commercial real estate week in review BusinessDen Novel Coworking purchased Trinity Place, the 195,753-square-foot office building at 1801 Broadway in Denver, for $40.2 million from Velocis. Mark Katz and ... This startup wants to bring commercial real estate investing to the masses GeekWire Less than a year after selling his telecommunications startup, Flowroute founder Sean Hsieh has embarked on a new venture that aims to open up the world of ... Saudi princess puts Mulholland Estates abode on the market The Real Deal An opportunity to live like royalty is now up for grabs for under $10 million. Financials And Real Estate Dashboard - Update Seeking Alpha Valuation metrics in financials and real estate. Evolution since last month. A list of stocks looking cheap in their industries. Blackstone Group, the world’s largest real estate owner, is converting to a corporation The Real Deal UPDATED, April 18, 10:41 a.m.: Blackstone Group is changing is corporate structure to become a corporation, in a move that others have used to boost stock ... Real Estate Fresh Finds: April 17 PoPville Real Estate *Fresh* Finds is a weekly selection of newly-listed properties in the District, brought to you by Real Living At Home. Featured Property of the Week: ... How a New York Law Prevents Hollywood Stars From Hiding Real Estate Hollywood Reporter No more concealing the identities behind limited liability corporations. New York's governor, Andrew Cuomo, wants to know who is purchasing what despite ... Real Estate Transfers: April 18, 2019 Suffolk Times Listings prepared for Times Review Media Group by Suffolk Research *Service*, dated Feb. 18-24, 2019. The Hottest Real Estate Markets This Spring Forbes California used to have some of the hottest markets in the country, but now that things have slowed down these are the cities moving up the list. ANALYST: Luxury Delray Real Estate Troubled, Boca Slightly Better BocaNewsNow.com DELRAY BEACH, FL (BocaNewsNow.com) — Delray real estate is troubled but Boca Raton home sales are looking better — according to a new report just out ... Real-Estate Stocks Tumble Because When You Live By the Yield, You Die by the Yield Barron's Rising Treasury yields have made the dividends paid by real-estate investment trusts less attractive. All Things Real Estate: Tenants’ lawyer accusing man of being ‘slumlord’ Fairfield Daily Republic Q: A couple of years ago, I inherited a small apartment building in Vallejo. There are 10 units, nine have tenants and one is occupied by the apartment manager. Adam Levine and Behati Prinsloo continue real estate shake-up Los Angeles Times After buying a Pacific Palisades home from Ben Affleck and Jennifer Garner, Maroon 5 frontman Adam Levine and wife Behati Prinsloo have listed their Beverly ... Douglas Bruce's real estate history Colorado Springs Gazette The anti-tax activist, former state representative and author of the Taxpayer's Bill of Rights bought an Old Colorado City home at 1326 W. Kiowa St. in 1993 for ... Berkshire region real estate sales March 31 – April 6, 2019 | theberkshireedge.com Adams. 4 Back Row St: DSM Properties LLC of Adams to Robert Grudem, $111,500 on 04/09/2019. 52 Columbia St: Rumgay Robert R Est and Joanne S. Public Record: Muskingum County Real Estate Transfers Zanesville Times Recorder Property recently bought and sold in the local area. Race and real estate in mid-century DC The D.C. Policy Center This article is adapted from “Teachable Moment: 'Blockbusting' and Racial Turnover in Mid-Century D.C.,” which originally appeared in Washington History, Vol. What Happens to a College's Real Estate After It Closes? Commercial Observer In December 2018, Newbury College, a private college founded in 1962 in the Boston suburb of Brookline, told students in an open letter that it would close after ... Climate change will crush real estate values for investors who don't prepare, new report says - CNBC Climate change will crush real estate values for investors who don't prepare, new report says CNBC For any investor, measuring opportunity against risk is critical. And for real estate investors in particular, risk is rising exponentially in the age of climate change. Chicago's DRW sees real estate token deal fall apart Crain's Chicago Business A pioneering effort by Don Wilson to sell ownership stake "tokens" in a South Carolina student housing complex through a real estate investment trust has ... South Bay realtors from different generations share perspectives The Mercury News Real estate is a profession with practitioners from multi-generations, but despite their age difference, Silicon Valley Realtors find they have more similarities than ... Inventory restricts Seacoast real estate market Seacoastonline.com PORTSMOUTH — Lack of inventory continues to be a factor in the Seacoast and Rockingham County's real estate market, tamping sales while increasing prices ... Weinberg Foundation hires Hawaii real estate exec, plans to outsource property leasing, management Pacific Business News (Honolulu) The Harry and Jeanette Weinberg Foundation has hired Kirk Horiuchi, former Hawaii market lead at the commercial real estate firm JLL, to lead an effort to ... Here's the State of the Palm Beach County Real Estate Lending Climate | Daily Business Review Law.com While Palm Beach County's construction lending demand may not always yield the same level of attraction as our neighboring Broward and Miami-Dade ... Stafford rejects, then approves, real-estate tax increase Fredericksburg.com In a surprising reversal, Stafford supervisors agreed to raise the county's real estate tax by 2 cents Tuesday night after first deciding against an increase. Real Estate – April 17 Greenfield Daily Reporter The following real estate transfers were recorded recently in the Hancock County Recorder's Office:March 6Jeffrie A. and Amy A. Godbey to Jared M. and Sarah ... Tell me about how to improve our real estate coverage: Calling all readers cleveland.com The Plain Dealer asks readers to weigh in on what coverage they would like to see from reporters. Hamptons Real Estate: 5 Agents for Beyoncé and Jay-Z, Billy Joel and More Hollywood Reporter Even with the market down 20 percent, nine-figure sales dot the East End landscape – "Never Never Land," as one dealmaker calls it — as Matt Lauer buys, ... After City Incentives, South Bend Real Estate Executives Donate to Mayor Pete's Presidential Campaign Sludge Rising Democratic star Pete Buttigieg has had quite the start to 2019. Due to a successful CNN town hall event, numerous eloquent interviews, and what seems ... Register of Deeds announces real estate numbers for Dover Wicked Local Norfolk County Register of Deeds William P. O'Donnell has released real estate statistics for the month of March for Dover.“During March, there were 14 ... Main Street Station renovation wins top real estate project of year Richmond.com The renovation of Main Street Station in Shockoe Bottom has been in the works since the early 1990s. Local investors sidelined in hunt for China’s malls, office towers South China Morning Post International investors have extended their inroads into China's commercial property sector this year, as the largest cities become hunting grounds for office ... Seattle real estate is expensive -- unless you've got that Seahawks QB money Seattle PI Seattle does not have a new richest man alive, but it does have a new title for the top-paid NFL QB. At the beginning of this week, Russell Wilson broke records ... RQI: A Top Real Estate Fund For Income Investors Seeking Alpha Real estate is a popular vehicle to use to generate income due to a variety of characteristics, including high yields.RQI is one of the better CEFs available fo. Bray Report: The latest real estate stats for Mesa County KJCT8.com If you're looking for a new home be prepared to wait a while. According to the recent Bray Real Estate Report, demand is outpacing supply. There's been a 16 ... A Shift Is Coming For Food-and-Beverage Real Estate GlobeSt.com LOS ANGELES–A significant shift is underway for the US restaurants and grocery industries and the real estate these operators occupy, according to a new ... Q4 real estate sales report: St. Charles DuPage Policy Journal Median prices rose in St. Charles over last year, and are up 4 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by ... Carter Validus merging to create $3 billion real estate firm Business Observer There will be one less commercial real estate investment firm based in the Tampa area by the close of this year, if a planned merger between Carter Validus ... Audrey Smith Earns the Real Estate Negotiation Expert Designation PR.com Realtor Audrey Smith of RE/MAX Alliance Group in Venice, Florida, Earns the Real Estate Negotiation Expert (RENE) Designation. Crain's analyzes suburban residential real estate market data from Chicago Association of Realtors and Midwest Real Estate Data Crain's Chicago Business A Crain's analysis of first-quarter data shows twice as many towns where three key metrics are down as where they are up. Albemarle supervisors approve real estate tax rate increase and FY2020 budget The Daily Progress The proposed tax rate increase was recommended in the county executive's budget to pay for anticipated capital projects and to support costs stemming from a ... New Orleans real estate transfers for March 15-21, 2019 NOLA.com 1ST DISTRICT. Elk Place 144: Marquee Developer LLC to Vacation Trust Inc., $100. St Charles Ave. 625 UPH-C: Helena Meeks and Christopher Meeks to MB ... |
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