READY, WILLING, AND ABLE BUYER
A purchaser of property, who is willing to buy on terms acceptable to the seller, and who further possesses the financial ability to consummate the sale. Producing such a buyer sometimes earns the broker a commission, even though a sale is not forthcoming.
Showing posts with label commercial property. Show all posts
Showing posts with label commercial property. Show all posts
Sunday, May 4, 2008
Wednesday, April 30, 2008
Real Estate Term You should Know
FAIR MARKET VALUE
This is the amount of money that would be paid for a property offered on the open market for a reasonable period of time with both buyer and seller knowing all the uses to which the property could be put and with neither party being under pressure to buy or sell.
This is the amount of money that would be paid for a property offered on the open market for a reasonable period of time with both buyer and seller knowing all the uses to which the property could be put and with neither party being under pressure to buy or sell.
Tuesday, April 29, 2008
Interesting facts about Realtors
- 39% of REALTORS own at least one residential property other than their primary residence.
- 13% own three or more
- 17% of REALTORS own at least one vacation home.
- 11% of REALTORS own at least one commercial property.
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