The Real Estate
Settlement Procedures Act (RESPA) was enacted in 1975. The federal statute was
introduced to stop malpractice and restrict the usage of escrow accounts in the
real estate settlement process.
Who regulates RESPA?
Once RESPA became effective in 1975, it was under the U.S. Department of Housing & Urban Development (HUD) jurisdiction. Ever since its inception, the Act has undergone several amendments and changes. However, after 2011, the Consumer Financial Protection Bureau monitored RESPA due to the Dodd-Frank Wall Street Reform and Consumer Protection legislation.
Buying a home is exciting. It can also be nerve-wracking, complicated, risky, and keep you awake at night. The same can be said about selling your home. Both are important decisions that can potentially change your life.
Buying or selling a home requires a lot of preparation. We recommend that you research and consult a professional realtor to streamline the process. Additionally, use all the information available and look at other people’s experiences in selling their homes so you can avoid common mistakes. For example, many homeowners decide to do some remodeling prior to listing their home on the market. While this can improve your chances of sale at the best price point, there are some upgrades to avoid when selling your home.
Being a landlord is more than just owning a property. There are a
vast number of tasks and responsibilities that come along with it and balancing
them all can be stressful.
Fortunately, there are options you can explore to lighten
the load and maintain a healthy, sustainable relationship with your tenants.
One of the easiest ways to reduce the managerial load of
being a landlord is to hire a property management firm. But knowing when to
utilize one can be tricky. How do you know when you need help? Asking yourself
these 10 questions will help you determine whether a property management firm
is your best option.
By 2030, emissions from commercial buildings will rise by 1.8%. What are commercial construction companies doing to reduce this figure, and how is it affecting the market for commercial office space?
The commercial office real estate sector took a hit following the pandemic. Is the emergence of green design a potential aid in the sector’s resurgence? Keep reading about green design and its effect on the commercial office market.
Renting a property out may seem like a
relatively simple task, but for first timers, there’s a lot to learn.
That said, once you have a clear understanding of what’s involved, it’s a matter of working through the steps to best ensure that you attract great tenants, and everyone can have a positive experience.
Here are the critical steps to take to rent out your property for the first time.
A vacation rental can be a great way to bring
in money with minimal effort. Whether you’re looking for a side hustle or
preparing passive income streams for retirement, you want to plan carefully
when setting up this business model. Advanced planning will pave the path to
success. These resources can help you get started on the right foot.
Have you decided to sell your house? If that’s the case, one of the first things you’ll need to do is make sure it’s ready to sell. This means making any necessary repairs and doing a little bit of staging. But don’t forget about one of the most important aspects of selling: marketing your home. Using videos is a great way to do this. In this post, we’ll give you a few tips on how to use videos to sell your house. Keep reading to learn more!
There are many steps to purchasing a new
home. After the initial offer is made, buyers and sellers often negotiate
before they come to an agreement. Buyers then deposit earnest money to show
they are serious about the purchase, and both parties begin the closing
process.
However, a lot of things can go wrong
between signing the contract and closing on a house. To protect buyers, several
types of contract contingencies may be included in the contract. These allow the buyer to legally back
out of the sale if necessary.
Many home contract contingencies are
accepted by sellers, but some may weaken offers on a home. Here are four common
types of home contract contingencies and how to tell which ones may be right
for you.
Realty Executives International is excited to announce the opening of a new real estate brokerage offering real estate services in northern Georgia and southern Tennessee. Realty Executives Terra Firma, led by CEO/Broker Ann Bowman, is located at 720 S. Glenwood Avenue, Suite 210, in Dalton, Georgia.
Are you thinking about investing in real
estate? An apartment can often be a good investment opportunity. However, if
you want to decide whether investing is right for you, you should look at your situation.
At the end of the day, it all depends on your circumstances and timing. Consider
the following questions to help make your decision.
