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Member You - Everything A Real Estate Agent Doesn't Want You To Know! Part-3
Who says only real estate have brokerage? Planes may not be as hot as real estates are but there definitely is such a thing as aircraft brokerage. You might not have thought this to be existent, unless of course, you’re into airplanes yourself. How often do we hear of people looking around for a good airplane bargain, or those that ask us if we want to buy one? And how many times in a week do we see advertisements in the paper about such sale? Who bothers to count?That is probably one of the re
Have you ever considered that you are not achieving all you wish to in your small business? Have you thought to yourself; I want more sales, more customers, less stress and more cash flow? Well, if you have I can assure you that you are not alone and many a small business consultant has stated; It is all about cash flow. Indeed and neither you or I would attempt to disagree with such obvious comments about small business challenges.The secrets to small business marketing are not necessarily wha
Thinking about buying a home? You may want to read this article. It blows me away when I think of all the homebuyers that give real estate agents large sums of money as a “good faith deposit” when they sign a purchase offer on a home. I have had clients that have given agents thousands of dollars when they make an offer on a home and it is one of the dumbest mistakes a home buyer can make! Why? Well, you have to have a very basic understanding of contract law (this is explained in detail in my report) but the quick answer goes like this: Every purchase offer is half a contract-it becomes a contract when it is accepted by the seller.
Every contract must have consideration and consideration is anything of value. Money is consideration. So when a homebuyer writes an offer and gives a good faith deposit, the good faith deposit IS the “consideration” which makes the offer a contract when accepted by the seller. In other words, the money IS what makes the purchase offer binding on a buyer when the offer is accepted by the seller and becomes a contract. And agents LOVE the fact that people put down large sums of money when they write an offer!
Why? Well, for starters it shows a serious buyer. Secondly, when a buyer gives an agent a large amount of money like this, the buyer loses temporary control of the cash and the real estate agency holds it in escrow. That gives agents control.
What most people don’t know is that one-dollar ($1.00) is consideration and can make a purchase offer a contract just as well as $10,000.00. And, when it comes to financing, large good faith deposits don’t really do anything to improve the chances of a buyer getting a home loan. You see, that large good faith deposit can be kept in YOUR pocket until you take an application on a loan. In this case, a buyer who wanted to put a large down payment on a home can pay it to the LENDER instead! Ine
That’s a good question! You want to purchase a home that will give you a good resell value later on. To do this, look at the type of home you’re planning to purchase that may be attractive to future buyers. When you’re looking to purchase a home, check to see if some or all of these features are offered:1. Location of the home. Is the home located in a good neighborhood that is close to schools, stores, freeways, etc...2. Check the crime rate for the area you’re thinking about purchas
Every contract must have consideration and consideration is anything of value. Money is consideration. So when a homebuyer writes an offer and gives a good faith deposit, the good faith deposit IS the “consideration” which makes the offer a contract when accepted by the seller. In other words, the money IS what makes the purchase offer binding on a buyer when the offer is accepted by the seller and becomes a contract. And agents LOVE the fact that people put down large sums of money when they write an offer!
Why? Well, for starters it shows a serious buyer. Secondly, when a buyer gives an agent a large amount of money like this, the buyer loses temporary control of the cash and the real estate agency holds it in escrow. That gives agents control.
What most people don’t know is that one-dollar ($1.00) is consideration and can make a purchase offer a contract just as well as $10,000.00. And, when it comes to financing, large good faith deposits don’t really do anything to improve the chances of a buyer getting a home loan. You see, that large good faith deposit can be kept in YOUR pocket until you take an application on a loan. In this case, a buyer who wanted to put a large down payment on a home can pay it to the LENDER instead! In
I think that it is safe to say that every person would like to become financially independent someday. Imagine yourself without the worries of money. This dream is easy and enjoyable to think about but the reality of this dream is tougher than one realizes. In order for most Americans to become financially independent, it takes sacrifice, patience and some good long term financial advice.Some people set their own investment goals and do their own research on where to invest their money. Other p
Why? Well, for starters it shows a serious buyer. Secondly, when a buyer gives an agent a large amount of money like this, the buyer loses temporary control of the cash and the real estate agency holds it in escrow. That gives agents control.
What most people don’t know is that one-dollar ($1.00) is consideration and can make a purchase offer a contract just as well as $10,000.00. And, when it comes to financing, large good faith deposits don’t really do anything to improve the chances of a buyer getting a home loan. You see, that large good faith deposit can be kept in YOUR pocket until you take an application on a loan. In this case, a buyer who wanted to put a large down payment on a home can pay it to the LENDER instead! In
Public speaking presents such a challenge for many people. In the Book of Lists, public speaking anxiety and making a presentation constitute the number one fear; the fear of dying is number two. Like the old saying goes, “People would rather be in the grave than make a presentation.” You see people sweat, shake, and quiver while they are speaking. Sometimes, employees bypass promotions, and business owners bypass business opportunities rather than give a presentation. I saw a manager who
Why? Well, for starters it shows a serious buyer. Secondly, when a buyer gives an agent a large amount of money like this, the buyer loses temporary control of the cash and the real estate agency holds it in escrow. That gives agents control.
What most people don’t know is that one-dollar ($1.00) is consideration and can make a purchase offer a contract just as well as $10,000.00. And, when it comes to financing, large good faith deposits don’t really do anything to improve the chances of a buyer getting a home loan. You see, that large good faith deposit can be kept in YOUR pocket until you take an application on a loan. In this case, a buyer who wanted to put a large down payment on a home can pay it to the LENDER instead! In
A 125% home equity loan (also known as no equity loans, 125 home equity loans and 125 loans) is a second mortgage that requires no equity but the loan allows you to borrow up to 125% more than the current combined loan to value (CLTV) ratio of your home. The CLTV is the proportion of more than one loan secured by your home in relation to its value. This is different than loan to value (LTV), which only involves the proportion of a single loan in relation to its value.Wikipedia provides these ex
And buyers better stop and think about the purchase offer! Agents tend to do all the writing on the face of an offer and (seeing how it’s half a contract) that can be d.a.n.g.e.r.o.u.s! You want your attorney to review that offer before you submit it to a seller (.) Now, one of the angles you may hear is “we have to move fast on this deal before the other person buys it”. Well, that may be true BUT anytime you find yourself “moving fast” on a real estate deal (or any business deal) you are WIDE OPEN for mistakes in judgement. If you like the potential for financial pain, do it their way. If you want to protect legal and financial interests, do it my way.
Get My FREE E-Report: 101 Tips For Homebuyers, Sellers And Money Borrowers will help you with more information regarding this article-go to smart Books website and follow the simple instructions to request a copy and we’ll send it to your email address within 24 ho
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