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Do you know what happens if you die without a will? The courts will decide who will raise your children, manage your assets, inherit your possessions, and administer your estate. Heirs must usually agree on a court appointed administrator. If some of the heirs are mentally incapacitated, or under age, it gets unbelievably complicated. Add in children and spouses from previous marriages and it can become a seething pot of turmoil for your family.If your second spouse survives you, the children from your first marriage could end up with nothing. The courts may set aside assets to be given to the children when they come of age, that makes it impossible for your spouse to afford your current home or lifestyle.When there is no will and a couple dies together, the state may have to “decide” who died first. If one outlives the other, even by a few minutes, the relatives of the first to die can loose out completely.

Without proper organization your assets could go unnoticed or become lost and loved ones may not benefit from your years of hard work.

It isn’t that real estate hasn’t experienced new business models before, or that brokers are scared, but new models are multiplying like rabbits. The amount and assortment that have emerged during the last decade have proliferated into a full four-page menu of choice, enough to mystify even the savviest of broker. And while everyone slowly absorbs the abundance of alternatives, time is not standing still and a reshape of the industry is already visible.

MLM, Annuity, Residual, Auctioneering, Flat-Fee, No Fee…there are so many interesting and exciting new models, but then there are also so many brokers clinging to the traditional model. It’s not that the existing model is all that bad, but with outdated compensation plans, weak infrastructure and unnecessary physical locations it is going to become increasingly harder to compete. Many will likely see their market share eroded over the course of the next few years with the gainers coming from both successful new models as well as traditional companies willing to adjust.

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A mortgage is a security instrument mostly used in relation with loans for the purchase or further improvement of real estate property. The document is then recorded in the public record and it becomes a lien on the property.
There are always two parties to a mortgage: A mortgag or-is the property seller and a mortgag ee- is the buyer/lender.When the mortgagee plans to loan money to the mortgagor, the mortgagor will have to sign a promissory note for the amount of money borrowed, and then “gives” a mortgage to secure the debt. So, mortgage is a written instrument that secures the loan by impeding the title to the property.(Source:http://rhol.com/rental/mortgages.htm)

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In order for you as a buyer or seller to understand Real Estate further, we will give you a glossary that you can use before pushing through any plans.Here’s the list:(Source:Real Estate abc.com)
1.)amortization-The loan payment consists of a portion which will be applied to pay the accruing interest on a loan, with the remainder being applied to the principal. Over time, the interest portion decreases as the loan balance decreases, and the amount applied to principal increases so that the loan is paid off (amortized) in the specified time.
2.)clear title-A title that is free of liens or legal questions as to ownership of the property.
3.)collateral-In a home loan, the property is the collateral. The borrower risks losing the property if the loan is not repaid according to the terms of the mortgage or deed of trust.

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Its been months since you listed your property for sale, you tried everything already like; getting a listing agent, posting your ad through the Internet, by word of mouth, etc. But still you haven’t received any calls yet, you tried to call your agent and asked why then you were not satisfied by his reply.There are some factors that might have affected selling your house, and these are:
A.)Price-due to recent problems encountered by the Real Estate Industry, prices of homes nowadays are less than the price you actually bought it few years back.Maybe, the price you posted is too high for any buyer to consider.
B.)location-check if your house is located conveniently than poorly. Buyers will try to find properties that will bring comfort to them and their families.
C.)condition of your house-is your house on tip-top shape?have you thought of repainting it before putting it on sale?I think you should do it now if ever you haven’t done so.
D.)And lastly you may want to change your listing agent-when you called your agent and asked for answers, you didn’t liked what he said. Basically, if your agent isn’t cooperative and not that interested anymore in selling your house it’s high time you find another agent who can help you with your dilemma.

As U.S. homes continue to decline its value, the mortgage problem is still a unmanageable. The ongoing confusion is also rousing fears that some hedge funds may run into more trouble. By the end of September, almost 4 percent of prime mortgages will be past due or foreclosure, according to the Mortgage Bankers Association based in Washington(Source:International Herald Tribune/Google)
It was the highest rate since the group started tracking prime and subprime mortgages separately in 1998. The delinquency and foreclosure rate for all mortgages, 7.3 percent, is higher than at any time since the group started tracking that data in 1979, largely as a result of the surge in subprime lending during the last few years.

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If you are considering to open a new business and you don’t know yet what type of business you wanted to venture at the moment. Then, you may want to consider investing your money to real estate. Though, return of investment is not that fast because it will take a year or more before you can actually harvest the fruit of your earnings. Properties have appreciation rate annually by 5to10% depending on the status of the economy, don’t worry even if it takes a long time before you can earn; the rate of return when purchasing a house is greater than any other investment you are planning to do.

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An agent may represent either a seller or a buyer only; he cannot represent both especially if he’s dealing with only one property. There are two types of agent; a listing and a selling agent. If you are looking for a house to buy; you should look for a “selling agent”, if you are selling your house then what you need is a “listing agent. Both specializes on their own field and you must remember not to confuse yourself. But sometimes the agent can do both jobs only if the buyer or seller agrees with the set-up and will sign a written consent. Moreover, in dealing with these agents you should be extra careful and you may want to do a background check regarding what company he’s connected, experience and track record in terms of successful transactions.
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Normally stated in a written listing agreement to sell property, the agent should only represent the seller. The agent will only be allowed to represent the buyers under a written consent from the seller. In the same manner that an agent representing a buyer is not allowed to represent a seller unless the buyer agrees otherwise. When the transaction starts, the agent is expected to be reasonably careful and diligent to his client as well as to the other people involved in the transaction. He is also responsible to make sure that any deal should always be done in good faith and with all honesty.

Real estate web design is fast becoming popular among professionals involved in home buying and selling. Many home buyers have turned to use the Internet as their main tool in their search for their dream homes. Because of this, an effective real estate web design has given some real estate brokerage a tough competition. Right now, DC Living, a Washington DC area real estate brokerage is seeking to have the same advantage and join the market. Their former website has been completely overhauled so to speak. Many other features were added to add attraction and offer better services to target costumers.