Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
Leave a review yourself for others to benefit from
Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
Sign up for the Daily Drop so you don't miss out on AR's daily happenings
Find answers to most FAQ's
Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
And if by chance you don't find what you're looking for, start a new group today!
Get your content in front of more eyes
Search by location or type
Feel free to start your own group
Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
So what is really involved in sealing the deal on you next home.
Even though not every guaranteed to be accepted by the seller. Yet once you find your perfect house, it is wise to move fast. Since, someone else is likely to think this same home is a great buy. Often 10% below asking is the place to begin, because it gives you some room to negotiate. Still, do not top what you have predetermined to be the highest price you can afford.
The Earnest Money Deposit
This is a demonstration of good faith and commitment by the buyer to the seller. It is usually 1 percent of the home's purchase price and is usually put towards the down payment. The earnest money deposit is put into a 0% brokerage trust account upon acceptance and is removed at closing. Still, if you decide not to close on a deal once your offer has been accepted for un reasonable circumstances, you may lose your deposit and be sued for damages. Also, if the seller does not accept your offer, your deposit will be returned.
Contingencies are certain requirements specified in a contract that need to be met before the buyer is required to close. These typically include: the buyer's securing of financing and a home inspection. Generally, an inspection contingency covers a 10 to 14 day period from the acceptance of the contract, and financing contingencies run for 30 days on average.
During a home inspection, a professional conducts a thorough examination of the property to assess structural and mechanical issues. The idea here is that a home inspector will be able to catch potential problems that a buyer might not detect.
Upon the acceptance of an offer by the seller, and it becomes a legal and binding obligation on the part of the buyer to purchase the property if any contingencies are met. It outlines the details of the transaction ncluding: a description of the property, the selling price, the date of closing, the possession date and applicable contingencies.
Usually called a closing statement or settlement statement, a document that the Department of Housing and Urban Development (HUD) requires, which accounts for all financial aspects surrounding the sale and purchase of a home. It provides a detailed list of the funds paid at closing. These include real estate commissions and initial escrow amounts. The Real Estate Settlement Procedures Act (RESPA) requires that a copy of the settlement sheet is distributed to both parties around one day prior to settlement.
Before you can close on a house, some paperwork is necessary. This includes a title search which makes sure the title is clear, title insurance to protect the buyer and the lender from any oversight and an application for homeowner's insurance.
Closing costs vary, but generally include: a loan origination fee, an appraisal fee, the cost of a credit report, a lender's inspection fee, the cost of title insurance, a mortgage broker fee, taxes and a fee for document preparation. Your lender is required to give you a good faith estimate which is a notice of fees associated with your loan.
Before the deal is closed and you take possession, you must make arrangements regarding utility service and first mortgage payment.
Settlement invoves payment of the balance of the purchase price the buyer owes on the property, and the transfer of the title. It takes place on the possession date.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.