Category Archives: Property

Jun 10

Prestige properties: Trophy hunters on track for good returns

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Prestige properties: Trophy hunters on track for good returns
The view from Admiralty Arch is as commanding as its name suggests. To the west, down the Mall, lies Buckingham Place; eastward is Trafalgar Square. Rafael Serrano, the luxury property investor who bought the Arch for £60m last year and plans to turn …
Read more on Financial Times

Forest Beach property owners want action on abandoned building
Forest Beach property owners want Hilton Head Island officials to tear down or force the owners to fix up an abandoned building owned by the Metropolitan Hotel. Tenants and owners at the neighboring Oceanwalk Villas have complained about the building …
Read more on Hilton Head Island Packet

May 06

HC allows property sale on power of attorney

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HC allows property sale on power of attorney
In October 2011, the SC had ruled that sale transactions carried in the name of GPA will have no legal sanctity and immovable property can be sold or transferred only through registered deeds. Last year, the state government came out with a circular …
Read more on Times of India

Philippines Mulls Property-Loan Curbs, Rejects Capital Controls
The Philippines may further limit property loans to prevent a housing bubble as it uses lower interest rates rather than capital controls to deter inflows. “We plan to reference real-estate exposure to adjusted capital of banks,” Bangko Sentral ng …
Read more on Bloomberg

Apr 22

Hennepin County Real Estate Agent Kris Lindahl Of Edina Realty Will Host A Buyer’s Search Seminar Later This Week

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Hennepin County, MN (PRWEB) April 22, 2013

When buyers begin their initial online search for homes, they will face some obstacles. One of those being calling on homes that turn out to already be sold.

At a seminar later this week, Kris Lindahl of Edina Realty will discuss what buyers can do to strengthen their homes search.

In addition to giving general tips and strategies, Lindahl also plans to demonstrate the Minnesota Buyer Search website that he created.

The website allows buyers to fill out a short form regarding what they’re looking for in a home and receive a real-time email with a customized search criteria and a hyperlink to all homes matching that search.

“Once the buyer expresses interest in a home my team makes it a priority to get the buyer to the property before it is sold,” Lindahl said.

Call Kris now for more information at (763) 280-8498 and visit the Minnesota Buyer Search website now to get started.







Mar 31

Laws.com Launches Seller Agreements Template

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NewYork, Ny (PRWEB) March 30, 2013

Laws.com announced the launch of Seller Agreement template. The template can be accessed by visiting doc.laws.com sub domain. The laws.com Seller Agreement template is free to download and use.

Seller agreement is a listing contract, a contract between a real estate broker (or it can be agents or representatives) and a seller of real property to give the broker the right to of selling the property.

The contract in general terms is known as a listing agreement if the broker is a member of National Association of Realtors, the agreement should be inclusive of certain details.

The first and foremost is the beginning and the termination date, the price for which the property is offered for sale. The terms and other conditions under which amount shall be paid to the broker should be in black and white. Entrusting the broker to work in cooperation with other brokers in the field as sub-agents or buyers agents and detail of the offered compensation in the event they locate a buyer. Authorizing the broker to disclose or not to disclose the prevailing offers if any. Certain other condition may also find a place in the agreement, like authorizing the broker to advertise the property, placing a lock on the door, advising the broker on the state of the property and the brokers responsibility to make the seller aware about the rules and regulations involved, which will have an impact on the property sale etc.

Separate listing agreements are there for land, residential property, commercial and business property. The broker tries to locate a buyer when the property listing is done, and when he finds a lucrative buyer, he expects a compensation (commission) for the services.

Downloading the Seller Agreement:

Laws.com offer the sales agreement template at free of cost. To download the sales agreement form visits the laws.com sample seller agreement page.

Payment of commission

The terms of the contract may defer, in general cases the brokerage fee depends on certain factors. The triumphant communication of a buying contract between the seller and the buyer and the capability of the buyer in concluding the deal or finding an agreeable buyer who is willing to pay the complete listing price or more for the property without any specific conditions.

If the seller refuses to sell the property when both the above conditions are met, its considered that the broker has done a commendable job in finding a satisfactory buyer. Under such circumstances, the sell must pay the offered commission. If the failure is from the buyers side, the seller has absolutely no responsibility to pay the commission.

The commission usually is 2 to 3 percent of the sale value, but in case of residential property this varies from 3 to 7 percent. As mentioned above the commission could be a flat rate or percentage of the sale value. In certain cases, it can be a combination of both. The seller will pay the commission to the broker who will compensate with their listing agent and he will part a share from the commission received, to sub agents if any.

The seller agreement has to be dealt with much care as the sale involves huge sums at times. Laws.com offers help in the arena of seller agreements, an agreement between the seller and broker in the sale of a real property.