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Premium
Gated Community House Plots at
Mala . |
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45
Cents(Commercial) with 99 feet Highway frontage, Pallimukku, Ernakulam. |
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55
Cents(Commercial) with 130 feet NH 47 frontage, Vytilla,Ernakulam. |
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45
cents with 115 feet NH 47 frontage Kundanoor - Nettoor, Ernakulam. |
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42
Cents with 130 feet NH 47 frontage, Vytilla-Kundanoor, Ernakulam. |
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48
cents with 98 feet NH 47 frontage, Edappally - Vytilla,Ernakulam. |
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55
Cents(Commercial) with 130 feet NH 47 frontage, Vytilla,Ernakulam |
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45 cents with 100 feet NH 47 frontage on Edappally - Vytilla Road, Ernakulam. |
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117
cents with 120 feet NH 47 frontage Edappally - Vytilla Road , Ernakulam. |
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30
cents with 100 feet NH 47 frontage Aluva By Pass, Aluva. |
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5.0
/ 6.5 Cents House plot at Carmel, Aluva. |
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20
Cents House plot at Aluva. |
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33
Cents Commercial Land , 45 Mtrs NH-47 Frontage, Aluva. |
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22
Cents of land with house at Meloor , Chalakudy. |
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18.5
Cents House plot near SCMS Engg: College,Karukutty. |
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6.5
/ 8.5 Cents House plots at Udayamperur, Ernakulam. |
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08.00
Cents House plots - Near Cochin International Airport. |
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24
Cents - House plots at Nedumbaserry, Aluva. |
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5
Acres of Prime Land at Mala. |
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5
/ 6 / 10 / 12 Cents House plots at Kadungalloor, Aluva. |
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22
Acres - Coconut Estate with 4500 Sq Feet Farm House. |
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55
Cents Land 5 Kms from Cochin Airport - NH-47-Attani Junction.
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Houses
at various Locations in Aluva -Ranging from 20 Lakhs to 50 Lakhs
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Houses
in 4 - 10 Cents with 2-5 Bed rooms at Aluva. |
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Go The Extra Mile When Selling Your Home
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International Purchase - New Zealand Real Estate
So you have decided to purchase New Zealand real estate and move overseas. You scanned the world’s property journals and decided that this is your best international real estate investment, and that New Zealand is the place you want to turn into...
Is Wholesaling Better Than Rehabbing Real Estate
I look at real estate like a triangle. On one side of the triangle we have rehabs, on the next side we have rentals and on the last side we have wholesaling. I think wholesaling is the bottom side of the triangle, the foundation. That foundation is...
Real Estate - Tips For First Time Buyers
First time home buyers face many challenges in understanding the process of purchasing a home, obtaining a mortgage, and knowing which type of loan will best suit their needs. Advice from well meaning loved ones can be helpful, but buying a home...
Why You Should Buy A Condo Hotel?
The latest trends in vacation homes are showing that people have become more attracted to the idea of owning a condo hotel. It seems that owning a condo hotel is the best deal you can have when it comes to buying a vacation house. Why is that? Well,...
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Good Faith Deposit – Real Estate Transactions
In a real estate transaction, a touchy issue is how much trust the seller has in a buyer. The existence of a good faith deposit helps put a seller at rest.
Good Faith Deposit
If you are selling your home, condominium or other real estate, you should always require a buyer to make a good faith deposit. The good faith deposit simply establishes that the buyer is serious and, to some extent, has the financial capacity to follow through on the purchase.
The amount of the good faith deposit is dependent upon the agreed sale price of the real estate. Although percentages vary from state to state, a cash deposit equal to three percent of the sales price is typical. For instance, the deposit would be $9,000 for home selling at a price of $300,000. As with most transactions, this percentage is negotiable. I don’t recommend that you accept anything less than two percent.
Once the buyer and seller agree to the amount of the good faith deposit, you have to figure out what to do with the deposit. Importantly, the seller should not hold the deposit as doing so could make the buyer very uncomfortable. Instead, the money should be deposited with a third party and held “in trust.” Potential third parties include escrow and title insurance companies as well as an attorney if your state requires their involvement.
A good faith deposit acts like an insurance
option for a seller. Moving through escrow can take 30 to 60 days, during which the property is off the market. The good faith deposit essentially compensates the seller for this time in the event the buyer is unable to follow through on the purchase of the property.
Depending on the laws in your state, a buyer who can’t close will lose the deposit. Typically, the only exception to this is when the seller allows language indicating the deposit will be returned if the buyer can’t get a home loan. Of course, including such language can open the seller up to repeated frustration when bad credit buyers repeatedly fail to get funding.
Good faith deposits are a fundamental part of a real estate transaction. Buyers should expect to pay them and sellers should demand them.
About the Author: Raynor James is with http://www.fsboamerica.org - FSBO homes for sale by owner. Visit our "sell my home" page at http://www.fsboamerica.org/seller.cfm to sell your home yourself with a free 1 month listing.
Source: www.isnare.com
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