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  • I am buying a home and the contract gives me the choice of either “specific performance” or “liquidated damages” if the seller defaults. I’m not really sure which one I should choose. Can you help?
    Savings and Planning 401 k Calculator How long will my retirement savings last Tax 1040 Tax Calculator Payroll Deductions Calculator Self Employment Tax Calculator Helpful Links ASBDC Member Directory Search My NASE About Me Account Benefits Optional Benefits Payment Details Expert Questions Email Subscriptions Membership Directory NASE Real Estate Blog When you have a Real Estate question let our experts help I am buying a home and the contract gives me the choice of either specific performance or liquidated damages if the seller defaults I m not really sure which one I should choose Can you help Sunday November 16 2014 Your question is a legal one and I encourage you to seek legal counsel before signing a legally binding contract However I will attempt to answer your question on a broad basis In a real estate sales contract liquidated damages usually represents a monetary settlement between the parties in the event either party does not perform all of the agreed upon terms of the contract triggering a default If a buyer defaults the liquidated damages are most often deemed to be forfeiture to the seller of the earnest money in title escrow If a seller defaults the liquidated damages can be less clear unless an amount is specifically provided for in the contract Specific performance requires a party to perform a specific act usually what is stated in a contract In a real estate sales contract it is used to complete an agreed upon transaction In other words if the seller defaults the buyer can legally force the seller to sell the property If the buyer defaults the seller can force the buyer go through with the purchase of the property Since each situation is unique and laws vary by state your attorney is best suited to help you

    Original URL path: http://selfemployed.nase.org/business-help/get-help/real-estate/real-estate-blog/real-estate/2014/11/17/i-am-buying-a-home-and-the-contract-gives-me-the-choice-of-either-specific-performance-or-liquidated-damages-if-the-seller-defaults.-i-m-not-really-sure-which-one-i-should-choose.-can-you-help- (2016-02-14)
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  • My realtor is charging a 6% to sell my house. That sounds like a lot of money. Does she get to keep all of that?
    and Planning 401 k Calculator How long will my retirement savings last Tax 1040 Tax Calculator Payroll Deductions Calculator Self Employment Tax Calculator Helpful Links ASBDC Member Directory Search My NASE About Me Account Benefits Optional Benefits Payment Details Expert Questions Email Subscriptions Membership Directory NASE Real Estate Blog When you have a Real Estate question let our experts help My realtor is charging a 6 to sell my house That sounds like a lot of money Does she get to keep all of that Sunday November 16 2014 The most common answer to that question is no In a typical residential transaction the listing broker charges the full commission in your case 6 of the sales price which is split usually 50 50 but not always between the listing broker and what is known as the procuring the broker who found the buyer broker Each broker then further divides the commission with the agents involved in the transaction assuming they are different than the managing broker Keep in mind that real estate agents mostly work as independent contractors underneath a sponsoring broker This is very common among larger real estate companies In going back to your original question though your agent could be entitled to the entire 6 if she is a broker does not practice under a separate sponsoring broker and she procured the buyer that purchased your home In this case there is no other broker involved with which your listing agent must share the commission Please remember both what a broker charges and how those commissions are shared varies greatly Also be aware that broker representation laws and customs vary greatly by state and by market Your best option is to be direct with your listing agent and ask her how the compensation will be split

    Original URL path: http://selfemployed.nase.org/business-help/get-help/real-estate/real-estate-blog/real-estate/2014/11/17/my-realtor-is-charging-a-6-to-sell-my-house.-that-sounds-like-a-lot-of-money.-does-she-get-to-keep-all-of-that- (2016-02-14)
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  • I want to buy a house that is on 3 acres of land. It is outside the city limits so there is no city water or sewer service. Is that still OK?
    Business Breakeven Analysis Calculator Cash Flow Calculator Equipment Buy vs Lease Investment Annual Rate of Return Calculator Mortgage Mortgage Loan Calculator Retirement Savings and Planning 401 k Calculator How long will my retirement savings last Tax 1040 Tax Calculator Payroll Deductions Calculator Self Employment Tax Calculator Helpful Links ASBDC Member Directory Search My NASE About Me Account Benefits Optional Benefits Payment Details Expert Questions Email Subscriptions Membership Directory NASE Real Estate Blog When you have a Real Estate question let our experts help I want to buy a house that is on 3 acres of land It is outside the city limits so there is no city water or sewer service Is that still OK Sunday November 16 2014 Owning a home on acreage can be rewarding from a personal enjoyment perspective as well as for its potential to appreciate over the long term In making the decision to purchase always evaluate what is normal and typical for the area Assuming your new home will be on a water well and a septic system you should be fine as long as most other homes in the area on lots of similar size are served by a well and septic system A critical factor in evaluating rural properties is a thorough understanding of the zoning regulations not only of your property but also of the surrounding properties Are livestock allowed Required Can you grow crops Are businesses allowed to operate on the property Can the land be subdivided for further retail or commercial development These are all examples of issues that could enhance or torpedo your property value I recommend you connect with a local real estate professional to guide you through the process Comment Your name Click to add Email optional Click to add Comment RadEditor HTML WYSIWYG Editor MS

    Original URL path: http://selfemployed.nase.org/business-help/get-help/real-estate/real-estate-blog/real-estate/2014/11/17/i-want-to-buy-a-house-that-is-on-3-acres-of-land.-it-is-outside-the-city-limits-so-there-is-no-city-water-or-sewer-service.-is-that-still-ok- (2016-02-14)
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  • Business Topics - Real Estate Blog Posts
    on presenting the home is such a way that it will appeal to the highest number of buyers With that in mind I am buying a home and the contract gives me the choice of either specific performance or liquidated damages if the seller defaults I m not really sure which one I should choose Can you help Sunday November 16 2014 Your question is a legal one and I encourage you to seek legal counsel before signing a legally binding contract However I will attempt to answer your question on a broad basis In a real estate sales contract liquidated damages usually represents a monetary settlement between the parties in the event either party does not perform all of the agreed upon terms of the contract triggering a default If a buyer defaults the liquidated damages are most often deemed to be forfeiture to the seller of the earnest money in title escrow If a seller defaults the liquidated damages My realtor is charging a 6 to sell my house That sounds like a lot of money Does she get to keep all of that Sunday November 16 2014 The most common answer to that question is no In a typical residential transaction the listing broker charges the full commission in your case 6 of the sales price which is split usually 50 50 but not always between the listing broker and what is known as the procuring the broker who found the buyer broker Each broker then further divides the commission with the agents involved in the transaction assuming they are different than the managing broker Keep in mind that real estate agents mostly work as independent contractors underneath a sponsoring broker This is very common among larger real I want to buy a house that is on 3 acres of land It is outside the city limits so there is no city water or sewer service Is that still OK Sunday November 16 2014 Owning a home on acreage can be rewarding from a personal enjoyment perspective as well as for its potential to appreciate over the long term In making the decision to purchase always evaluate what is normal and typical for the area Assuming your new home will be on a water well and a septic system you should be fine as long as most other homes in the area on lots of similar size are served by a well and septic system A critical factor in evaluating rural properties is a thorough understanding of the zoning regulations not only of your I am new to the area and want to buy my first home I don t really know anyone here and need to find a good real estate agent What do you recommend Sunday November 16 2014 Great question I congratulate you on being proactive in choosing a real estate professional Your efforts should pay dividends First I suggest you perform an honest self assessment of what characteristics are important to you Are

    Original URL path: http://selfemployed.nase.org/business-help/get-help/real-estate/real-estate-blog (2016-02-14)
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  • Accommodations: Lodging (Bed & Breakfast, Inn, Motel, etc.)
    retirement savings last Tax 1040 Tax Calculator Payroll Deductions Calculator Self Employment Tax Calculator Helpful Links ASBDC Member Directory Search My NASE About Me Account Benefits Optional Benefits Payment Details Expert Questions Email Subscriptions Membership Directory Member Directory Welcome to the NASE Member Directory Expand All Collapse All Select a category Accommodations Lodging Bed Breakfast Inn Motel etc Auto Auto Body Repair Auto Dealers Auto Detailing Tire Sales Installation Building Construction Carpenters Construction Services Contracting Electricians Fencing Sales Installation Business Services Banking Computer Sales Services Consulting Corporations Environmental Engineering Graphic Design Marketing Meeting Event Planning Photography Private Investigation Signs Custom Screenprinting etc Communications Advertising Media Relations Education Tutoring Entertainment Entertainer Meeting Event Planning Musicians performing teaching etc Theatres Fitness Fitness Food Services Catering Food Services Restaurants Health Wellness Chiropractors Counseling Therapy Fitness Health Wellness Massage Therapy Physical Therapists Health Care Services Anesthesiologist Benefit Provider Chiropractors Counseling Therapy Dentists Dermatologists Eye Care Health Insurance Insurance Agents Insurance Provider Nursing Services Physical Therapists Physicians Psychologists Home Services A C Heating Appliance Repair Carpet Sales Installation Child Care Cleaning Services Floor Coverings carpet tile wood etc Furniture Gutter Sales Installation Handyman Home Furnishings Decorations Home Inspection Home Security Interior Design Landscaping Pest Prevention Removal Plumbers Residential Business Cleaning Services Roofing Washing Services car home laundry power etc Information Services Publishing Moving and Storage Moving Companies Self Storage Other Aircraft Sales Services Other Personal Services Barbers Beauty Salons Services Clothing Design Pet Care Veterinarians Professional Services Accounting Financial Planning Architectural Services Attorneys Professional Services Self Employed Professional Tax Services Real Estate Realtors Retail Trade Florists Jewelers Retail Tire Sales Installation Specialty Artists Sports and Recreation Boat Sales Services Sports camps retail sales services etc Technical Services Mechanical Engineering Videographers Transportation Limousine Car Services Taxicabs Travel Agencies Trucking Web Services Social Media Web Services design

    Original URL path: http://selfemployed.nase.org/business-help/member-directory/listing?Category_id=59 (2016-02-14)
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  • Auto: Auto Body Repair
    Minute Get Help Tax Healthcare Reform Health Marketing 101 Business Management Marketing Advertising Real Estate Calculators Business Breakeven Analysis Calculator Cash Flow Calculator Equipment Buy vs Lease Investment Annual Rate of Return Calculator Mortgage Mortgage Loan Calculator Retirement Savings and Planning 401 k Calculator How long will my retirement savings last Tax 1040 Tax Calculator Payroll Deductions Calculator Self Employment Tax Calculator Helpful Links ASBDC Member Directory Search My NASE About Me Account Benefits Optional Benefits Payment Details Expert Questions Email Subscriptions Membership Directory Member Directory Welcome to the NASE Member Directory Expand All Collapse All Select a category Accommodations Lodging Bed Breakfast Inn Motel etc Auto Auto Body Repair Auto Dealers Auto Detailing Tire Sales Installation Building Construction Carpenters Construction Services Contracting Electricians Fencing Sales Installation Business Services Banking Computer Sales Services Consulting Corporations Environmental Engineering Graphic Design Marketing Meeting Event Planning Photography Private Investigation Signs Custom Screenprinting etc Communications Advertising Media Relations Education Tutoring Entertainment Entertainer Meeting Event Planning Musicians performing teaching etc Theatres Fitness Fitness Food Services Catering Food Services Restaurants Health Wellness Chiropractors Counseling Therapy Fitness Health Wellness Massage Therapy Physical Therapists Health Care Services Anesthesiologist Benefit Provider Chiropractors Counseling Therapy Dentists Dermatologists Eye Care Health Insurance Insurance Agents Insurance Provider Nursing Services Physical Therapists Physicians Psychologists Home Services A C Heating Appliance Repair Carpet Sales Installation Child Care Cleaning Services Floor Coverings carpet tile wood etc Furniture Gutter Sales Installation Handyman Home Furnishings Decorations Home Inspection Home Security Interior Design Landscaping Pest Prevention Removal Plumbers Residential Business Cleaning Services Roofing Washing Services car home laundry power etc Information Services Publishing Moving and Storage Moving Companies Self Storage Other Aircraft Sales Services Other Personal Services Barbers Beauty Salons Services Clothing Design Pet Care Veterinarians Professional Services Accounting Financial Planning Architectural Services Attorneys Professional Services Self Employed

    Original URL path: http://selfemployed.nase.org/business-help/member-directory/listing?Category_id=20 (2016-02-14)
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  • Auto: Auto Dealers
    101 Finance Accounting Health Care Reform Marketing Advertising Real Estate Information Technology NASE Minute Get Help Tax Healthcare Reform Health Marketing 101 Business Management Marketing Advertising Real Estate Calculators Business Breakeven Analysis Calculator Cash Flow Calculator Equipment Buy vs Lease Investment Annual Rate of Return Calculator Mortgage Mortgage Loan Calculator Retirement Savings and Planning 401 k Calculator How long will my retirement savings last Tax 1040 Tax Calculator Payroll Deductions Calculator Self Employment Tax Calculator Helpful Links ASBDC Member Directory Search My NASE About Me Account Benefits Optional Benefits Payment Details Expert Questions Email Subscriptions Membership Directory Member Directory Welcome to the NASE Member Directory Expand All Collapse All Select a category Accommodations Lodging Bed Breakfast Inn Motel etc Auto Auto Body Repair Auto Dealers Auto Detailing Tire Sales Installation Building Construction Carpenters Construction Services Contracting Electricians Fencing Sales Installation Business Services Banking Computer Sales Services Consulting Corporations Environmental Engineering Graphic Design Marketing Meeting Event Planning Photography Private Investigation Signs Custom Screenprinting etc Communications Advertising Media Relations Education Tutoring Entertainment Entertainer Meeting Event Planning Musicians performing teaching etc Theatres Fitness Fitness Food Services Catering Food Services Restaurants Health Wellness Chiropractors Counseling Therapy Fitness Health Wellness Massage Therapy Physical Therapists Health Care Services Anesthesiologist Benefit Provider Chiropractors Counseling Therapy Dentists Dermatologists Eye Care Health Insurance Insurance Agents Insurance Provider Nursing Services Physical Therapists Physicians Psychologists Home Services A C Heating Appliance Repair Carpet Sales Installation Child Care Cleaning Services Floor Coverings carpet tile wood etc Furniture Gutter Sales Installation Handyman Home Furnishings Decorations Home Inspection Home Security Interior Design Landscaping Pest Prevention Removal Plumbers Residential Business Cleaning Services Roofing Washing Services car home laundry power etc Information Services Publishing Moving and Storage Moving Companies Self Storage Other Aircraft Sales Services Other Personal Services Barbers Beauty Salons Services Clothing Design Pet Care

    Original URL path: http://selfemployed.nase.org/business-help/member-directory/listing?Category_id=21 (2016-02-14)
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  • Retail Trade: Tire Sales & Installation
    Finance Accounting Health Care Reform Marketing Advertising Real Estate Information Technology NASE Minute Get Help Tax Healthcare Reform Health Marketing 101 Business Management Marketing Advertising Real Estate Calculators Business Breakeven Analysis Calculator Cash Flow Calculator Equipment Buy vs Lease Investment Annual Rate of Return Calculator Mortgage Mortgage Loan Calculator Retirement Savings and Planning 401 k Calculator How long will my retirement savings last Tax 1040 Tax Calculator Payroll Deductions Calculator Self Employment Tax Calculator Helpful Links ASBDC Member Directory Search My NASE About Me Account Benefits Optional Benefits Payment Details Expert Questions Email Subscriptions Membership Directory Member Directory Welcome to the NASE Member Directory Expand All Collapse All Select a category Accommodations Lodging Bed Breakfast Inn Motel etc Auto Auto Body Repair Auto Dealers Auto Detailing Tire Sales Installation Building Construction Carpenters Construction Services Contracting Electricians Fencing Sales Installation Business Services Banking Computer Sales Services Consulting Corporations Environmental Engineering Graphic Design Marketing Meeting Event Planning Photography Private Investigation Signs Custom Screenprinting etc Communications Advertising Media Relations Education Tutoring Entertainment Entertainer Meeting Event Planning Musicians performing teaching etc Theatres Fitness Fitness Food Services Catering Food Services Restaurants Health Wellness Chiropractors Counseling Therapy Fitness Health Wellness Massage Therapy Physical Therapists Health Care Services Anesthesiologist Benefit Provider Chiropractors Counseling Therapy Dentists Dermatologists Eye Care Health Insurance Insurance Agents Insurance Provider Nursing Services Physical Therapists Physicians Psychologists Home Services A C Heating Appliance Repair Carpet Sales Installation Child Care Cleaning Services Floor Coverings carpet tile wood etc Furniture Gutter Sales Installation Handyman Home Furnishings Decorations Home Inspection Home Security Interior Design Landscaping Pest Prevention Removal Plumbers Residential Business Cleaning Services Roofing Washing Services car home laundry power etc Information Services Publishing Moving and Storage Moving Companies Self Storage Other Aircraft Sales Services Other Personal Services Barbers Beauty Salons Services Clothing Design Pet Care Veterinarians

    Original URL path: http://selfemployed.nase.org/business-help/member-directory/listing?Category_id=84 (2016-02-14)
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