Question

finding a real estate agent and then buying a house ( flow chart) (business stimulation)

finding a real estate agent and then buying a house ( flow chart) (business stimulation)

Homework Answers

Answer #1

FLOW CHART

Finding a real estate agent------> Search for agent via contacts/ online listing-----> Finalising an agent basis budget

----> getting proper market education---> view property-----> discuss offer with agent-----> purchase offer to be

presented to seller-----> negotiating terms of sale (involving me, my agent, seller and seller's agent) -----> executing

a sales contract----> conduct due diligence (obtain necessary property inspections)-----> accept sales contract---->

open escrow account, deposit earned money-----> disclosure/inspections-----> title search-----> title search report----

---> addtional negotiations with seller (if reqd)-----> closing process-----> loan funding----> title documents received--

--> receive keys-----> take possession of property/ move in

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Your real estate agent has a gut feeling that the average house price in Illinois is...
Your real estate agent has a gut feeling that the average house price in Illinois is $200K. You decide to use the earlier collected data. Your sample size is 4. Sample average is $250K. Sample standard deviation is $60K. Test hypothesis that the average house price in Illinois is $200K vs. alternative that it is not (two-sided). Use alpha 5%. Provide below the value of test statistic up to 3 decimal points
Part A – EVC Analysis A homeowner has asked a local real estate agent for advice...
Part A – EVC Analysis A homeowner has asked a local real estate agent for advice on the price he should set for his house. The real estate agent notes that the only comparable house in the neighborhood that is currently for sale is asking $350,000. Both houses are on a hill that overlooks a beautiful lake, but the owner’s house is forty feet farther up the hill than the comparable house. The agent estimates that, in this area, customers...
1. What is real Estate? Be specific! What are you buying when you buy a house,...
1. What is real Estate? Be specific! What are you buying when you buy a house, property or investment property? Think the sticks I used in class! 2. What is a real estate contract? What are the essential elements of a contract? Be specific. How important are contracts? Who are the professionals involved in the process in a real estate contract negotiations. 3. What is a lease? What are the essential elements of a legal lease? Be specific. Who are...
A real estate builder wishes to determine how house size (House) is influenced by family income...
A real estate builder wishes to determine how house size (House) is influenced by family income (Income), family size (Size), and education of the head of household (School). House size is measured in hundreds of square feet, income is measured in thousands of dollars, and education is in years. The builder randomly selected 50 families and ran the multiple regression. The business literature involving human capital shows that education influences an individual’s annual income. Combined, these may influence family size....
- Create an ER diagram for a real estate firm. The firm has multiple offices, the...
- Create an ER diagram for a real estate firm. The firm has multiple offices, the office is identified by a unique business number, address, and description. Each office offers house listings, a house can only be listed in one office but an office can have multiple house listings. the house has an address, area, number of rooms and number of bathrooms. Each office has an agent working for it. a sales agent can work for multiple offices and an...
John Trident was a real estate agent working for Quantum Real Estate Ltd. His sister-in-law Jennie...
John Trident was a real estate agent working for Quantum Real Estate Ltd. His sister-in-law Jennie was looking for some income property, and after some searching John Trident entered into a deal with Mr. and Mrs. Lipton, persuading them to list their property for sale with him and subsequently presented an offer to purchase from his sister-in-law, who used her maiden name (P. Hayes) so that the sellers would not know that he was related to the purchaser. Before the...
A real estate agent is interested in whether there are differences in home ownership. A researcher...
A real estate agent is interested in whether there are differences in home ownership. A researcher samples 30 adults and ask whether they own or rent their home and got the following results: 12 own 18 rent
3) Charles, a self-employed real estate agent, attended a conference on the impact of some new...
3) Charles, a self-employed real estate agent, attended a conference on the impact of some new building codes on real estate investments. His unreimbursed expenses were as follows: Airfare                                     $480 Lodging                                    290 Meals                                         200 Entertainment          100 How much can Charles deduct on his return?   
Gina is interested in buying a house beside the university which she wikk rent to students....
Gina is interested in buying a house beside the university which she wikk rent to students. she expects to receive $1350 a month in rental income (net of maintenance). Ginas real estate agent estimates that she will be able to sell the property for $225,000 at the end of 29 months. Gina wants a return of 0.2% per month. what is the most that she should pay for the property? Assume that she will purchase the house today and recieve...
Charles, a self-employed real estate agent, attended a conference on the impact of some new building...
Charles, a self-employed real estate agent, attended a conference on the impact of some new building codes on real estate investments. His unreimbursed expenses were as follows: Airfare 480 Lodging 290 Meals 200 50% deductible Tuition and fees 650 How much can Charles deduct on his return? Show your work