Countrywide Legal Indemnities’ Post

What Are Closing Costs? Your Essential Guide to Real Estate Transactions

Explore the potential impact of the new NAR compensation suit on commercial real estate transactions. Our latest article dives into the possible changes, challenges, and best practices for brokers and lenders. Stay informed with this comprehensive analysis: https://lnkd.in/gFcukS57 #CommercialRealEstate #NAR #RealEstateLaw #FinanceInsights

Speed and Certainty in Property Transactions In a property market where uncertainty is the new normal, speed and certainty are more important than ever. At Open Property Group, we’ve seen firsthand how quick, cash-based property transactions can provide the flexibility sellers need—whether they need certainty, navigating financial pressures, probate complexities, or tenant challenges. Our approach is simple: • No chains • No hidden fees. • A timeline that works for you Get your free cash offer today or refer a friend and earn commission! https://lnkd.in/enfyT8KZ

🔑 SE Michigan Real Estate Professionals: navigating loan documents can be tricky for your client, but it doesn’t have to be. A smooth signing process is key to closing deals efficiently and we've got your back. Let's partner to make the signing process a breeze. #LoanSigning #SoutheastMichigan #TitleAgent #RealEstate

🔍 Delve into the finer details of real estate transactions! Our blog post sheds light on understanding closing costs and fees. Whether you're buying or selling, gain valuable insights to navigate the financial intricacies of the process. 🏡💼 https://lnkd.in/gF_isfUe

A Look at the Best Commercial Real Estate Valuation Approaches https://ed.gr/c4nj4

🏡 Thinking of refinancing? SDI Appraisal explains why a Residential Appraisal is essential in making sound financial decisions for your property. #RefinanceWisdom #SDIEducates

A - Z of leasehold for Flat Owners and Buyers. O is for Onerous Ground Rents. Firstly what is a ground rent? It is a periodic payment made to the freeholder by the lessee and is only what is stated in the lease.  An onerous ground rent is one considered excessively high or includes terms that could lead to significant increases over time, making the financial burden on the leaseholder unreasonable.  It may be set at a relatively high amount from the beginning, often disproportionate to the property's value. Or the lease may include clauses that allow the ground rent to drastically increase over time, usually at regular intervals (e.g., every 10 years) such as doubling every few years, making it unsustainable. Onerous ground rent can significantly reduce the market value of a leasehold flat. Potential buyers may be deterred by the high or escalating costs, making the property harder to sell and lenders may be reluctant to provide mortgages. When a leaseholder seeks to extend their lease, the existence of onerous ground rent can greatly increase the cost as the freeholder has to be compensated for the loss of their valuable income stream. The new legislation will ease this a bit by capping the ground rent, for the purpose of the lease extension valuation, at 0.1% of capital value of the property but dates for this, and many other parts of the new law, have not been announced. Let me know if you would like to be added to my mailing list to keep up to date on the new legislation. #valuation #leasehold #groundrent

Many commercial real estate investors will find the appraisal process to be like a black box—they don’t really understand what goes into the process, how long the process will take, or what the outcome of that process will be. Read more here ➡️https://bit.ly/3NtyV5b

If you've been renting and are thinking of buying a🏠, here are a few things you need to consider 1) Before you do anything, assess your #financial readiness. 💻 Sit with your bank statements and do the calculations. This is the most important thing to do. 2) If you are financially ready - get #preapproved 📜 so that you can put an offer in for a property you like with confidence. This will also save you time as you know in which price-range to look for a property Contact me to get you in touch with our inhouse bond originator to get you pre-qualified so that when 2025 comes you know exactly which price range to look in when you're ready to buy 📲 082 692 3905 📧 caryn.arendse@rawson.co.za From #tenant to #propertyowner - level up the easy way with Rawson Properties