Remove terms real-estate
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Beware of the Pitfalls When Using Boilerplate Real Estate Contracts

Jimerson Firm

In the complex realm of residential and commercial real estate transactions, the importance of a well-crafted customized contract cannot be overstated. Given the complexity of the transaction, it can be wise to consult an attorney to prepare specific terms not contemplated by a boilerplate contract.

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National Association of Realtors Settlement and its Effect on the Real Estate Industry

Jimerson Firm

If you have been paying attention to the news lately, you have likely seen stories surrounding a major shakeup with real estate commissions stemming from a settlement in a prominent federal lawsuit. The settlement addresses concerns that NAR’s rules limited competition and hindered innovation in the real estate market.

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Navigating Earnest Money Binder Disputes in Failed Deals

Jimerson Firm

What is an Earnest Money Binder An earnest money binder, also known as an earnest money deposit or a down payment, is a sum of money that a buyer puts down when making an offer to purchase real estate. This amount is usually somewhere between 1-3% of the total purchase price.

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How the Airbnb ‘Gold Rush’ Could Impact the Homebuying Market

Nerd Wallet

The surging vacation rental industry has caught the attention of real estate investors and entrepreneurs, who have been amassing large portfolios of short-term. The popular home-sharing platform reported its highest revenue and profit ever in the third quarter of 2022, due in large part to strong demand and higher daily rates.

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10% rise in Business Insolvencies predicted by Experts

UK debt collections

Sectors such as retail, manufacturing, construction, and real estate are particularly vulnerable due to weaker demand and higher borrowing costs. In terms of sectors, the information/communication (+32%), transportation/storage (+28%) and real estate/B2B services (+24%) are the ones to watch.

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32,000 UK Homes at risk of repossession

UK debt collections

That’s an extra: £5,484 over a year or 10,968 over a two-year fixed-rate term. The lender will then sell the home at a public auction or through a real estate agent. Fast forward to April 2024, and the same mortgage would now cost £1,695 per month – an increase of £457 per month.

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How to Invest $1,000 in Real Estate

Credit Corp

At the risk of stating the obvious, real estate costs a lot. That makes it expensive to invest in, and difficult to diversify among real estate investments. So, what can an investor do if they want to add real estate investments to their portfolio, but only have $1,000 to invest? Publicly-Traded REITs.

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