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Commercial Real Estate Definitions – From O To Z
Commercial real estate is distinctly different from residential real estate. The terminology is very different and here is a list of new terms from O to Z.
Commercial Terms
Operating Expenses: Just as it sounds, operating expenses are those...
Euro Tax Haven Threat
Media reporting of a new EU savings tax directive has left many people wondering whether European tax havens could soon become obselete.
The July directive requires banks throughout Europe, including low and no tax areas such as Gibraltar,...
Home Inspection Checklist
Although architectural details, wall and floor coverings, modern conveniences and many other factors are important in the buying decision, the focus of this inspection is on the structural/mechanical/electrical condition of the property.
The...
Home Styles In Real Estate Ads – The Meaning
Whether you’re buying or selling, reading real estate ads can be confusing. Here’s a primer on the styles mentioned in the ads.
Home Styles
What’s the difference between a Tudor and Colonial style? What about a Colonial and Dutch Colonial?...
Owning vs. Renting
In the recipe known as the American Dream, it’s one of the main ingredients: Owning your own home. With the real estate market of America in constant flux, it’s not as simple as it sounds to obtain. For those who are just starting out in the credit...
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California Real Estate Buyers Rights
Real estate laws vary greatly form state to state. If you are buying real estate you should understand what rights you have in the state you are in. In California you have many rights and are legally covered in many cases to have these rights. Knowing the basic rights you have when buying real estate in California can help you to get the best deal and treatment design you real estate transaction.
The following list explains the basic rights every buyer has when buying real estate in California.
1. You can and should interview and compare many agents and lenders during the beginning of your process. This will help you to find the best people suited to help you. Avoid jumping right into a deal without first looking around.
2. California has a Residential Purchase Agreement called a RPA-CA. You have the right to use this document to make or accept offers.
3. California has a law that states an agent must tell you about any relationship they have with seller. There is an Agency Disclosure Form you can use for this purpose.
4. You can and should have an attorney look over all paperwork. California is an escrow state, which means there is a third party involved to help for enforce the contract. So understanding it is
important.
5. The RPA-CA contract allows you to have the right to reject any offer you’ve made if you are not satisfied with the physical condition of the home or neighborhood.
6. Even if a transaction is made “As-is” you still have thee right to negotiate for repairs or credit for repairs that must be done.
7. You can have independent tests and investigations done on the home.
8. You have the right to have ever document explained to you by an appropriate professional.
9. Even when in escrow you can end the deal. You may have to pay money to do so. It is advisable to have an attorney if you chose to walk away from a deal.
These rights are essential to you getting the fairest deal possible. If you have any questions consult a real estate attorney or professional agency.
About the Author: Stephen Kreutzer is a freelance publisher based in Cupertino, California. He publishes articles and reports in various ezines and provides information on California real estate at Your California Real Estate!
Source: www.isnare.com
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