Realestatelicense.com has created this blog to keep you informed on recent real estate news, views, and topics. Real estate is a very dynamic field. Everyday there's something new and exciting happening in the world of real estate. Use this blog to stay on top of current real estate events, news, and views and support your real estate license and career. As a licensed real estate professional, you need to know this information.
If you're in the process of buying or selling a home, you should consider including a home warranty. A home warranty covers the repair and replacement costs for appliances and other systems that break down in the home. It can be purchased by either a home buyer or current homeowner, and is often paid for at closing.
How it helps sellers?A home warranty makes a seller's home more attractive to potential buyers, especially if the home includes appliances and other items that are older. A warranty might give the seller an advantage over another home that is similarly priced and desirable to the buyer. A warranty can assure the buyer that they will be covered if something stops working after the closing. The price of a home warranty is minimal. Typically the warranty is paid for at closing so the sellers will not have to pay anything out-of-pocket until the home sells.
How it helps buyers?A home warranty can give buyers peace of mind. These individuals have just made a major purchase and oftentimes are strapped for cash. Facing unexpected repairs down the road can be a burden. A warranty can alleviate that worry. Oftentimes a seller will include the warranty as part of the purchase price; or the buyer can get one on their own. Or, they can arrange to split the cost with the seller. A home warranty can help protect the buyers from the costs of major repairs.
Facts about Home Warranties?Most home warranty policies are effective for one year from the date of purchase. They come with an option to renew coverage upon expiration, but be aware that the renewal cost is often higher than the fee paid for the initial policy. Standard coverage can differ quite a bit by provider, so do your homework. Many standard home warranties cover plumbing, appliances, and heating and cooling systems. Some policies will also cover the roof. Typically you will have to buy extra coverage for high ticket items, such as private wells and septic systems.
Labels: home buyer, home warranty, Real Estate, seller
As a real estate agent, you will help people buy and sell houses. You will enroll in a real estate license program to get the knowledge you need to accurately and legally perform your job. This will give you the knowledge to know how much a house is worth, and the skills to accurately represent the cities and neighborhoods in their area. You need to have practicing knowledge of the laws involved with the real estate process. You should also know where a buyer can secure financing.
If people want to buy or sell a house, they get the assistance of a licensed real estate salesperson. Your duties may vary, but you will typically perform the following tasks:
Buying a HouseYou will meet with the buyers to determine what kind of house they want.
You will discuss how much money they can afford to spend.
You will take them to see houses for sale.
Selling a HouseYou will complete the proper paperwork to list a house for sale.
You will assist the seller with selecting the sale price for their home.
You will create and place advertisements to get potential buyers into the house.
You will hold open houses.
After the SaleYou will fill out special forms to transfer ownership.
You will help the buyer secure a loan from the bank.
As a real estate agent, you will generally work in an office setting. Since much of the information about properties is available over the Internet, you can also work out of your own home. You might need a formal office, however, to meet with current and potential clients. A lot of time will be spent showing potential properties to buyers, as well as finding new business.
After you
get your real estate license, you will work for a broker. When you sell a house, you will receive a commission, a percentage based on the total purchase price of the house.
Labels: After the Sale, Buying a House, Real Estate Agent, Selling a House