Last Update: April 3, 2022
Casaplorer: Explore Real Estate Opportunities Using The
Casaplorer is the go-to website to find out about every step of a real estate journey Covering all the 50 States To help the most home buyers and sellers, we are starting out with national programs as well as the most populous states.
Actived: 3 days ago
Real Estate Investing in the US Casaplorer
(4 days ago) Real estate investors can also deduct expenses incurred during the ownership, operation, and management of a property. The last major and often overlooked benefit to investing in real estate is the diversification benefits. Real estate prices often fluctuate with a low correlation to other assets like stocks and bonds.
Real Estate Commission Calculator Casaplorer
(6 days ago) The real estate market in California is one of the most active in the country. With properties in some of the highest price ranges, the real estate commission in California ranges from 4% to 7% for properties less than $1 Million in value and from 4% to 6% for higher-valued properties. The overall standard commission is 6%.
Guide to Real Estate Owned (REO) Properties Casaplorer
(8 days ago) Real Estate Owned (REO) is a property that is owned by a lender because it was not successfully sold during the foreclosure auction.A mortgage lender, usually a bank, Fannie Mae or Freddie Mac, assumes a title of a landlord for a foreclosed property if the property is not sold for the amount to cover the outstanding amount of mortgage on the house.
What Do DOM and CDOM Mean in Real Estate
(2 days ago) An experienced real estate agent can handle most of the tasks listed above. First, they can help you with deciding on a price for the house by having knowledge of the real estate market and what similar homes are selling for. Secondly, some listing agents host the open houses themselves. While you would still need to be available when a new
Transfer Tax Calculator 2022 For All 50 States
(6 days ago) The real estate transfer tax varies quite a bit by state and even between counties. Different counties can charge additional taxes and have unique rules. Below is a detailed breakdown of the transfer tax rules for the most popular states:
In Which States Dual Agency is Illegal
(3 days ago) Moreover, real estate agents are required to disclose any important information with their clients, while maintaining the confidentiality of their client’s information. However, in a dual agency, this becomes tricky, and the real estate agent is required to remain neutral to both parties.
Closing Cost Calculator for Buyers (All 50 States) 2022
(2 days ago) Closing costs are usually paid by the buyer of the home, but the seller pays some closing costs in the form of real-estate commission. Closing costs will include expenses such as property-related charges, lender fees, insurance costs and any other costs that …
Capital Gains Tax Calculator 2022
(1 days ago) Other expenses such as real estate agent commission and fees can also be included in the cost. This cost basis can be changed to be called an adjusted basis, such as the adjusted basis increasing if you make any renovations, or decreasing such as through insurance reimbursements. Now you subtract that from the sale price to get the capital gains.
US Fed Interest Rate (1982
(Just Now) Federal Reserve Raising Rates, First Hike Since 2018. As widely expected, the Federal Open Markets Committee (FOMC) meeting on March 16, 2022, ended with a 25-basis-point rate hike that brings the current Fed Funds Rate range to 0.25% - 0.50%. This is the first time that the Federal Reserve has raised interest rates since 2018.
Georgia Real Estate Commission Calculator
(5 days ago) The average real estate commission in Georgia is between 5% and 6%. Commissions in Georgia are paid by the seller of the home. The home seller will pay both the selling agent and the buyer's real estate agent. In Georgia, real estate commissions are usually split 50/50, with 50% going to the seller or listing agent, and 50% going to the buyer's
New York State Real Estate Commission Calculator
(2 days ago) In New York State, the standard real estate agent commission is 6% of the property price , but in practice, the commission can range anywhere from 5% to 6%. The total commission will be divided between the buyer and seller agents 50/50. Along with selling, there is a 12% to 15% commission associated with renting a property.
What is a Comparative Market Analysis (CMA)
(8 days ago) The real estate agent starts gathering information about the subject property, and finds the following: The property is located in a development zone that has similar houses built at the same time. The house stands on a quarter-acre lot. It has 3 bedrooms, 2 bathrooms, and a car garage.
Closing Cost Calculator for Sellers Home Sale Proceeds
(3 days ago) Real Estate Agent Commission. This is by far the largest expense required at closing. The standard real estate commission is 6% in most states, however, how much the agents charge you will depend on where you are located and the real estate market’s condition in that place. For example, in New York, the real estate agent’s commission is 6%.
What is a Clear Title in Real Estate
(4 days ago) Most conventional real estate transactions imply a clear title when it comes to ownership title transfer. On the other hand, when a buyer purchases a foreclosed property, it is important to check for any outstanding liens or encumbrances to see whether the buyer has to take an action to receive a clear title on the property.Law firms that focus on real estate transactions can …
What Is a Cooperative (Co-Op) in Real Estate
(3 days ago) A Housing Cooperative (Co-Op) is a unique type of homeownership that is more affordable than traditional property ownership. Buying a property or renting one may be cost-prohibitive. Housing cooperatives provide an alternative property ownership structure that is intended to be cheaper than a sole ownership of a property.
401k Withdrawal Rules for Home Purchases 2022
(2 days ago) While we try to be your #1 source for real estate and financial information, we highly recommend you consult with your financial advisor prior to making any investment, real estate, or financial decisions based on information on our site. Our content is for informational purposes only, and is not intended to provide financial, insurance, legal
US Prime Rates from 1955 to April 2022
(4 days ago) The Federal Open Markets Committee (FOMC) meeting on March 16, 2022, resulted in the first rate hike since 2018, with a rate hike of 25 basis points. This means that the Federal Funds Rate target range will increase to 0.25% - 0.50%, leading to prime rates increasing to 3.50% from the current prime rate of 3.25%.
How to Buy a Foreclosed Home
(5 days ago) 2. Real Estate Owned (REO) Properties. Real Estate Owned (REO) properties are sold by banks and lenders in the real estate market. These homes have already been auctioned but were not sold. Since the lender is unable to sell the property, they retain ownership and attempt to instead sell the property directly to home buyers.
New York City (NYC) Real Estate Commission Calculator
(5 days ago) What is the Real Estate Commission in New York City? New York City is one of the most expensive housing markets in the world, with the average home sale price being $630,000 according to Zillow.Real estate commission is similar to New York state, ranging from 5-6% of the home price. For example, on a home sale price of $630,000, the real-estate commission at …
Florida Real Estate Commission Calculator Casaplorer
(5 days ago) What is the Real Estate Commission in Florida? In Florida, the average commission is 6% but can be in the range of 5% to 7% and is split evenly between the buyer’s agent and seller’s agent. For example, if the final home selling price is $300,000, the total real estate commission is $18,000 ($300,000 * 6%).
Cap Rate Calculator, Formula and FAQ 2022
(2 days ago) CBRE, which stands for Coldwell Banker Richard Ellis, is the world’s largest real estate services company. CBRE releases surveys that show current cap rates in the United States and current market sentiment. In CBRE's Cap Rate Survey for Q3 2020, CBRE looked specifically at the impacts of COVID-19 on the real estate market. The survey notes
Texas Real Estate Commission Calculator
(3 days ago) The average real estate commission in Texas is 6%, but it often ranges between 5% and 6% Commissions in Texas are paid by the seller of the home. The home seller will pay both the selling agent and the buyer's real estate agent. In Texas, real estate commissions are usually split 50/50, with 50% going to the seller, or listing agent, and 50%
About Casaplorer and Our Mission Casaplorer
(Just Now) Kirill Sukhikh is a Real Estate Content Writer for WOWA’s US Product Team. He has extensive real estate experience and has a property management company targeted at the student and young professional market. He is also finishing his degree in Financial Economics and Statistics at the University of Toronto.
What is a Listing Agent in Real Estate
(6 days ago) The real estate agent plays a crucial role in your home selling process. Therefore, it is useful to take your time and search for the right agent for you. Here are some tips on how you can find the best listing agent: Local Experience. You will want to work with a listing agent that is knowledgeable about the real estate market.
North Carolina Real Estate Commission Calculator
(2 days ago) The average real estate commission in North Carolina is 6% in 2021. Commissions in North Carolina are paid by the seller of the home. The home seller will pay both the selling agent and the buyer's real estate agent. In North Carolina, real estate commissions are usually split 50/50, with 50% going to the seller or listing agent, and 50% going
What is a Seller Credit at Closing
(7 days ago) A seller credit is an amount of money that the seller gives to the buyer to cover some of the costs at closing. Seller credit can be used to pay for some of the buyer’s closing costs, needed repairs, to have a faster sale or attract more prospective buyers. Lenders put limits to the amount sellers can contribute to the buyer’s closing costs.
What is Pre-foreclosure
(6 days ago) A short sale happens when the amount owed by the borrower is larger than the market value of the property. If the property is worth more than the amount owed, the borrower may have an option to sell the property through a Real Estate Agent or sell directly to a Real Estate Investor. Pre-foreclosure vs. Foreclosure
Commercial Real Estate Loans
(1 days ago) Commercial Real Estate Loan Requirements. Requirements for a commercial real estate loan will vary depending on the type of commercial mortgage you are applying for and the lender that is offering it. However, most of the lenders look for the following: Down Payment: Generally, a 20% down payment is required by commercial real estate lenders
Proof of Fund Letter in Real Estate Casaplorer
(4 days ago) In some rare cases where a property is sold by an owner without a real estate agent, a proof of funds letter may not be required. If a real estate agent is selling a property, then they will likely require the letter to ensure that a buyer can cover the costs associated with purchasing a property. Without a POF letter, the deal for buying a
South Carolina Real Estate Commission Calculator
(2 days ago) The average real estate commission in South Carolina is 6%. Commissions in South Carolina are paid by the seller of the home. The home seller will pay both the selling agent and the buyer's real estate agent. In South Carolina, real estate commissions are usually split 50/50, with 50% going to the seller or listing agent, and 50% going to the
What Is a Short Sale in Real Estate
(3 days ago) However, the local real estate market has performed poorly, and the home’s market value today is only $300,000. Currently, the homeowner owes $100,000 more on the loan than the home is worth. This means that the mortgage is underwater. A declining economy has also resulted in the homeowner losing their job.
How Much Do Real Estate Agents Make in Different States
(8 days ago) The median pay for real estate agents in the U.S. was $49,040 in May 2020. The top 10% of real estate agents in the U.S. earn more than $110,000 per year. Real estate agents typically make money from the real estate commission charged on selling a property. The commission is typically 5% - 6% of the house’s price and it is paid by the seller
Mortgage Pre-Approval Calculator 2022
(5 days ago) The calculator works the same way, where it requires simple financial inputs such as income and debt to estimate a mortgage amount that you could qualify for in the pre-approval process. You can pre-qualify for at least: $354,715. With a monthly mortgage of: $1,600. Lenders may allow a mortgage up to $412,167 resulting in a monthly mortgage
Contingent vs Pending in Real Estate Casaplorer
(8 days ago) A real estate agent can research and discover the contingencies of the current contract. The agent can also speak to the listing agent and find out in what stage negotiations are in and how the parties feel about the deal. Then the real estate agent can help you prepare a backup offer that would seem appealing to the seller.
How Homes for Heroes Can Save You Money Casaplorer
(9 days ago) Real estate agent discounts - If you work with an affiliated real estate agent from Homes for Heroes, they may give you a discount of 0.7% of the house's price. This means that if the house costs $200,000, you will receive $1,400 from your real estate agent at closing, which you can use towards other expenses.
What is Earnest Money Deposit
(6 days ago) A real estate agent can advise you on exactly how much to put in your deposit depending on the market. Some markets require a fixed amount, such as $5000, no matter the purchase price of the house. How does the earnest money deposit work? The earnest money deposit is kept in an escrow account once the seller has accepted your offer.