1.REMAX Real Estate:
http://www.remax.com/
2.HUD.GOV/HUDHomes
U.S. department of housing and Urban development:
http://www.hudhomestore.com/Home/Index.aspx
Các từ thường được viết tắt liên quan đến ngành Địa ốc:
SAMS= Single Family Acquire Asset Manegement System
EIN=An Employer Identification Number
NAID=Name Address Identifier Number
M&M=Management and Marketing
HOC=Home Ownership Center
GTR= Government Technical Representative
ACH=Automated Clearing House
AP=Appraiser: người định giá
NP=Nonprofit organization
CA=Closing Agent
PM=M&M Contractor
GT=Local/State Government
SB=Selling Broker
HA =Homeowner Association
TS=Trade/Service Vendor
NB =Non-Business/Refund
IRS=Internal Revenue Service
TIN=Tax Identification Number
3. What does home of choice means?
If you’ve been seeing a lot of “subject to Home of Choice” or “HOC” lately, you might be wondering what that means. The “Home of Choice” is a contingency for the seller – it gives them the “out” from the contract if they can’t find another house to buy. In most cases, sellers need the equity (read: cash) from the sale of their house, to buy the new one. Even if they’re taking a loss and selling it for less than they paid, they may have put down a lot of cash on it and need to get it back before they can go on to the next one.
Things to Note:
2.Find a Mortgage:
http://findamortgage.com/online.resource/hud.how.real.estate.agent.obtain.naid.asp
http://www.remax.com/
2.HUD.GOV/HUDHomes
U.S. department of housing and Urban development:
http://www.hudhomestore.com/Home/Index.aspx
Các từ thường được viết tắt liên quan đến ngành Địa ốc:
SAMS= Single Family Acquire Asset Manegement System
EIN=An Employer Identification Number
NAID=Name Address Identifier Number
M&M=Management and Marketing
HOC=Home Ownership Center
GTR= Government Technical Representative
ACH=Automated Clearing House
AP=Appraiser: người định giá
NP=Nonprofit organization
CA=Closing Agent
PM=M&M Contractor
GT=Local/State Government
SB=Selling Broker
HA =Homeowner Association
TS=Trade/Service Vendor
NB =Non-Business/Refund
IRS=Internal Revenue Service
TIN=Tax Identification Number
3. What does home of choice means?
If you’ve been seeing a lot of “subject to Home of Choice” or “HOC” lately, you might be wondering what that means. The “Home of Choice” is a contingency for the seller – it gives them the “out” from the contract if they can’t find another house to buy. In most cases, sellers need the equity (read: cash) from the sale of their house, to buy the new one. Even if they’re taking a loss and selling it for less than they paid, they may have put down a lot of cash on it and need to get it back before they can go on to the next one.
Things to Note:
You will be expected to comply with the contract and dates for inspections, appraisal, and lender requirements, as if there is no Home of Choice in place. The seller will request a certain length of time to get a contract on their future purchase – be it 14 days, 30 days, etc. They’ll have the right to void at ANY time during this period.
Ways to Protect Yourself:
I suggest to my clients that we ask for a certain amount of money to be credited to the buyer if, and only if, the seller voids the contract because of their Home of Choice contingency. This doesn’t mean that if the home inspection returns unexpected issues or the appraisal is low and parties can’t agree to terms that they will be liable to reimburse you – you’d be out the costs of those inspections regardless, and the seller shouldn’t have to pay for them. However, it does offer you a little piece of mind that they have a vested interest in making your contract work.
Arlington VA Real Estate News: http://arlingtonrealestatenews.com/what-does-home-of-choice-mean/2.Find a Mortgage:
http://findamortgage.com/online.resource/hud.how.real.estate.agent.obtain.naid.asp
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