The settlement statement is a document used in real estate transactions to outline all the fees and charges associated with the purchase of a property. It includes details such as the purchase price, loan amount, closing costs, and any other expenses related to the transaction. The statement helps both buyers and sellers understand the financial aspects of the deal and ensures transparency in the closing process.

Some items you may find on your settlement statement are -

1. Purchase price: The agreed-upon price for the property being purchased.
2. Loan amount: The amount of money borrowed from a lender to finance the purchase, if applicable.
3. Closing costs: Fees associated with the closing of the transaction, such as title insurance, appraisal…

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After the purchase agreement and appropriate disclosures and addendums are signed and the earnest money deposit has been made, we move into a phase of the transaction called the due diligence phase. This is the time when everyone updates their insurance company and post office of the upcoming move, the final packing and touch-ups around the home happen, etc etc., and ultimately, all contingencies need to be addressed.

Contingencies in a real estate transaction refer to specific conditions that must be met in order for the sale to proceed. If any of these contingencies are not met during the contingency period defined in the purchase agreement, the buyer may have the option to back out of the sale without penalty and take back their earnest money…

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When it comes to selling a property, understanding the various costs involved is crucial. One significant aspect to consider is the real estate seller commission. In this blog post, we will delve into the details of what seller commission is, how it works, and what factors influence it. So, let's get started!


What is Real Estate Seller Commission?

Real estate seller commission refers to the fee paid to the real estate agent or broker who assists in selling a property. It is typically a percentage of the final sale price and is negotiated between the seller and the agent.


Factors Influencing Seller Commission:

  1. Marketing and Resources:  Every Agent is an Independent Contractor and, thus, owns their own business providing various services.…

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A home valuation, also known sometimes as a comparable market analysis (CMA) takes into account various factors to determine the estimated value of a property. Some key elements that typically contribute to a home valuation include:

1. Location: The location of a property plays a significant role in its value. Factors such as proximity to amenities, the lake it’s on, schools, transportation, and desirable neighborhoods can impact the valuation.

2. Size and layout: The size of the property, including the number of bedrooms, bathrooms, and overall square footage, is considered in the valuation. The layout and functionality of the home also play a role.

3. Condition: The condition of the property, including the age of the home, any renovations or…

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Once you’ve decided to sell, it’s crucial to get your home in the condition to sell it for top dollar. Here are some easy steps we recommend to display your home in the best light!

1. Declutter and depersonalize: Remove any unnecessary items and personal belongings to create a clean and neutral space that potential buyers can envision themselves in. We also recommend removing any items or photos that you do not want in the photos of your listing.

2. Deep clean: Give your home a thorough cleaning, including floors, windows, walls, and appliances. Pay attention to details like grout, fixtures, and carpets. Hint: When your home is clean, it also gives buyers the perception that you take care of the details and don’t leave deferred maintenance.

3.…

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Where the home buying process is typically fun and exciting, the home selling process oftentimes brings mixed emotions and can be work to ensure you get the most you can for your home. The good news is that your CRS agent will hold your hand through the whole process to ensure it is as smooth as possible!

First, you would need to schedule a listing appointment with your CRS agent where they will determine the appropriate listing price for your home, as well as update you on the current market, set expectations for the start to finish home selling process, and help you prepare your home for market. The preparation is one of the more labor intensive steps that should pay you dividends at the closing table. We recommend decluttering, cleaning, and making…

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In this blog series, we're going to dive into home selling and what you may not find on google :)

When you're ready to sell your home, it's best to reach out to your real estate agent as soon as possible. Here are a few reasons why!

1. Preparing your home: Your agent can provide valuable advice on how to prepare your home for sale. They can suggest repairs, staging techniques, and improvements that can enhance your home's appeal to potential buyers. By involving your agent early on, you can maximize your home's marketability.

2. Pricing strategy: Determining the right listing price is crucial for attracting buyers and maximizing your profit. Your agent will conduct a comparative market analysis (CMA) to assess the value of your property and…

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