This is a guide for Sellers and Buyers when selling or buying real estate. It is a great tool to educate you about the selling or buying process and also includes information on the real estate closing. State specific information about certain issues is included with the package.
Iowa LegalLife Multistate Guide and Handbook for Selling or Buying Real Estate
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FAQ
Real Estate firms don't market and sell houses, agents do and they do it with their own money. Any licensed real estate agent can show any home on the market no matter what real estate firm they are part of, but buyers will now look for homes on their own on the Internet before they ever talk with an agent.
Colorado and Texas lead the way with the most difficult licensing requirements in the United States. I think becoming a real estate agent was the best move I ever made in my career. I think if you can take real estate classes in person it is a huge advantage, but there are many options to take classes online.
Working with a seller's agent is always an option when you're buying a house, but should you?In the real estate biz, one agent representing both the seller and the buyer is called dual agency. Although it's legal in some states, many real estate agentsand house hunters, toosee dual agency as a conflict of interest.
You do not need a real estate license if you have a property under contract. I have not actively starting wholesaling myself yet but from my research wholesaling anywhere is legal anywhere in the US if done correctly with a contract.
Original Sales Contract. Professional Appraisal From The Original Purchase of Your Home. Mortgage Statement (Payoff Amount) Homeowners Insurance Records. Homeowners Association Documents. Home Repair and Maintenance Records. Receipts for Capital Improvements.
There's no law against owning multiple homes or investment properties in multiple states. Usually you claim one state as your domicile -- your legal home -- and that state is your only state of residence. In some cases, though, two different states may claim you as a resident.
The short answer is a resounding YES; you can sell your house from out of state. There are no rules that say you have to be in the home or in the same state when you are selling. However, you may want to research your selling options, because there are some sticky issues you will want to avoid.
For a fast and hassle-free sale, you can sell your home to a real estate investor. Selling a house long distance this way is simple and can be completed in a single visit. A real estate investor will walk through the home with you and make you a fair offer based on its market value.
Long Answer, YES: Your Realtor has to market your home well enough to get the buyer to show up to your negotiation table in the first place.If your Realtor isn't using the most up-to-date marketing techniques then they are already wasting time and hurting your home's value.