Real Estate agents need to be familiar with TRID and be mindful of the rules in order to assist both buyers and sellers. The below points are essential for agents to understand to keep closings on track and meet clients expectations.
You have found your dream home and you are now speaking with you lender about all of the additional requirements and expenses that you are responsible for. Along with inspections and permits, you find out that you need to pay for title insurance. Many people then start to question if it is actually necessary or is it just an additional fee tucked into your piles of paperwork.
There are benefits to both scenarios. Understanding the factors that are involved in each will guide you to make the right decision for your particular situation. Finances, the real estate market, and even personalities are factors in which to consider when trying to determine if you should buy or sell first. Both scenarios have pros and cons worth considering which we’ll look at below.
At a time when mortgage rates are so low, more and more people are considering purchasing rental properties in hopes of growing their nest egg with passive income. While owning a rental property (investment property) has a number of financial advantages, there are many factors to consider in order to make being a landlord worth the hassle.
The short answer to this question is YES, you should.
Though you might feel as if you have enough knowledge about real estate and can find information you need by doing research, there are many reasons to hire your own agent.