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What is a fixed property in real estate?

What is a fixed property in real estate?

A fixture, as a legal concept, means any physical property that is permanently attached (fixed) to real property (usually land). Property not affixed to real property is considered chattel property. Fixtures are treated as a part of real property, particularly in the case of a security interest.

What is a double close and flip?

3. Acting on inappropriate lender requests for seller contributions. Investors are increasingly executing what’s known as a “double close and flip,” a type of short-sale transaction that can leave practitioners exposed to irate sellers who say they got a raw deal.

Is it possible to fix everything in Your Life?

But trying to fix my own life so that all of my experiences will be pleasant is as fruitless as trying to fix others’ lives to be that way. None of us can always get what we want, and no one’s life is smooth sailing all the time.

What happens if you have a repair problem on Your House?

The new buyers will just have to accept your home’s quirks. They probably won’t. In fact, those minor (and sometimes major) repair issues you’ve tolerated can deter buyers from making an offer or even result in a low appraisal which can kill the deal.

What should I fix before I put my house on the market?

You don’t want to be liable if someone is injured because you did not take care of it. John Gluch of HomeSmart Realty in Phoenix also advises homeowners to repair these three common problems before putting their homes on the market or having an inspection: • Peeling exterior paint.

When to not expect seller to fix defects?

In other words, if you have noticed defects before making your offer that is clearly visible, don’t expect the seller to fix them. An excellent buyer’s agent should be able to counsel you on what is worth focusing on and what should be considered trivial.

What does it mean when a house is an estate sale?

If there aren’t any heirs, the chosen attorney will handle the case. Either way, the home will likely be an estate sale. In other words, the home is sold ‘as is.’ The seller, who may be someone that never stepped foot in the home, doesn’t know anything about the house and will not complete the basic seller disclosures.

What to look for in an estate sale?

As a part of the estate sale process, the owners will allow a walkthrough of the home. This is your time to truly inspect the home. Look in each room, try the appliances, check the electrical and plumbing systems, and look for any obvious issues with the home.

Can you walk through a house at an estate sale?

Luckily, with an estate sale, you can walk through the home. It’s different when you buy a foreclosed home on auction and you can’t see the inside of the home. As a part of the estate sale process, the owners will allow a walkthrough of the home.

Who are the beneficiaries of a relative’s estate?

If the person did not have a surviving spouse or children, grandchildren, parents, siblings, and other surviving relatives inherit the property in a specific order. Your relative’s estate may consist of assets that pass through probate and assets that pass outside of probate. The non-probate assets pass directly to the estate’s beneficiaries.