Buying a house in Scotland, who pays for the survey, buyer or seller?
955087
Although theoretically it would be very helpful for the seller have a survey done for all prospective buyers, it is very rarely done and obviously, you can't be sure if it is a truly accurate and unbiased survey.\n\nIt is expected that buyers commission their own surveys when buying a house in Scotland, though expensive, you can be sure that this survey is unbiased.
818409
maybe 1 house in Scotland
579398
Both previous answers are partially incorrect. It is possible to buy and sell property without having it surveyed, but it is never advisable to do so, because you cannot legally rely upon the accuracy of the existing information, which may be either obsolete or simply wrong. Therefore, land transactions in which a title company is involved do require a survey, since title companies understand the value of a survey to verify the facts. Regardless of whether your neighbor has had a survey done or not, you should not construct a fence, wall, garage or anything else near your property boundary, without having your own survey done, and having a licensed professional land surveyor determine the proper location where you may safely and legally erect your fence. This is the only way you can be protected from liability. If you commence construction without the protection of a survey, you will be liable for any damage that may result.
540241
where do u live? in the uk there are joint ownership scheames. a housing agency pays half your mortgage, you pay the other. if you ever sell they get half, but so do you. and you buy the home yourself.
298037
Generally they purchase your owners policy for your new home. You will purchase the lenders policy. For your title insurance.  They will also pay for any existing liens and encubrances that they created on the property before conveying it to you.
921264
Commission: depends on the estate agents they work for.\nIt grows with the amount of houses you sell in a month.\nJob description is basically sales.\n\nYou have to create a market for your product, match buyers to sellers and close the deals.
735868
Ask everyone you know if they know of anyone looking to sell their home. Real Estate is a "how long you've been in the business" kind of thing.  It takes a while for people to think of you before they think of someone else. Part of that is achieved by farming, some is advertising, but most is referrals.  The more people you've done business with the more people that get referred.\n\n----\n\nYou need to base it on where you are located. The guy from Singapore has some great ideas, but some of them are not legal in the US.  You cannot pay a referral fee to anyone in the US unless they are a Licensed Real Estate Agent.  You can be prosecuted by the Department of Housing and Urban Development.\n\nThe other post where they suggest sending postcards etc to 300 to 500 households a month is called farming.  However, it usually takes six months to a couple years for farming to start paying off - and it can be expensive.  But it is a good tool.
182727
You have to ask them if the house is available for purchse.
1106309
I dont know what State your located, however, when an owner is paying a Realator monthly installments to ensure that their property is taken care of, The realator should notify the owner of any damages to their residence. The realator is also suppose to get estimates for the damages and let the owner know. Most owners don't even live in the same State that their property is located and might not be aware there's a problem with the house that needs to be addressed.
838589
usually 0 - they work 100% commission.  So you get out of it, what you put into it.  A realtor is a tough job though - in California, there are more realtors then houses where sold this year.
596223
They buy houses at a DEEP discount so you have to consider how low you are willing to go with the price of your home if you are looking to sell.  If you are buying one of their properties, they usually do a good job of refurbishing homes so you can pick up a house with nice upgrades at a good value.  \n\nIt is a franchise so the people who run each individual branch may vary.  I have a friend who does it, and I have seen the homes they work on. They do a nice job.\n\nBack to my first point though, if you are selling you are probably better off with a Realtor, shop around your area and find someone who you can work with.
1182719
Hi-\nRealtors are paid 100% commission in residential real estate typically splitting either side of the transaction with the sponsoring broker. For example if you represented a buyer on a $500K purchase at a 6% rate, 3% would go to each side and then that would typically be split 50 -50 from there. Good rule of thumb is 1.5% of any transaction. There are situations in commercial where a firm will give you a draw that gets paid back once transactions are complete.
87450
Yes.  It is more common for the buyer to obtain 80% of the financing and for the owner to finance the other 20%.  This is usually for buyers who are a little more credit challenged and do not qualify for a 100% (or an 80/20) loan on their own.\n\nIt is called "Seller Financed".  The buyer should have the same paperwork filed at the county as if it were a conventional loan to protect their interests in the loan.\n\nAlso, since Seller Financing is not reported to the credit bureau make sure ALL payments are made on time with a check.  This will help the buyer obtain a regular loan if need be.
906277
they are entitled to a commission on the house they showed you. It's called a procuring clause. A Realtor becomes your Realtor when she/he sells you a house or when both of you sign a buyer-broker agreement.
191220
The previous two answers are NOT correct answers to your question.  They are right in the sense that the Realtors do get 6% (sometimes) on the sale, but the 6% is split between the buyers agent and the sellers agent.  Normally 3%/3%.\n\nA "sellers concession" has nothing to do with a Realtor's commission, but rather what the seller is willing to pay for YOU in closing cost's.  Basically the seller agrees on the contract that they will give you (buyer) 6% of the purchase price of the home to use towards the closing cost's on the mortgage.  Basically, you come to the closing table with nothing out of your pocket.\n\nIf you would like to know some more about this, please feel free to contact me at timothy.kazee@americanhm. com and we can talk through this a little more.  This is my career and my specialty so I have a great amount of knowlege in this area.  Thanks for the question.\n\n\nTim Kazee
870018
You are buying at £160,000.\n\nStamp duty will be £1,600\nSolicitors inc all disbursements £1,000\nDeposit £8,000\n\nThese will all be paid when you move in...10-12 weeks after you buy.\n\nUpfront you will need to pay a survey fee.\n\nA basic survey fee will be £300\n\nA home buyers report, which is recommended if you are not buying a new property is £500.\n\nAdded to the loan are building society fees.\n\nHigh lending charge £2,800 ish\nBooking fee £600 ish, depending on product.\n\n\nif you go to bristol and west you could avoid the hgh lending charge, as you could if you go to abbey and take their 95% 5% cashback deal.\n\nif you need further advice contact:\nduncan@mortgagesourcekent.com
917909
The stamp duty differs from state to state.  In Andhra Pradesh it is around 9% on the value. The buyer has to bear the stamp duty. If you buying the house for 60 lakhs and if the official value (Govt Value for that property) is only 30 lakhs, then you have to pay stamp duty on the 60 lakhs.  If the govt. value is 80 lakhs and you are buying for 60 lakhs, still you have to pay stamp duty on 80 lakhs and not on 60 lakhs. (Which ever is higher).\n\nPayment can be made in cash also.  But it is always better to pay though a crossed Cheque or D.D.\n\nStamp papers can be purchased anywhere in the same state. In Andhra Pradesh the stamp duty will be collected through a bank challan by the registration department.\n\nThe registration cost for 60 lakhs will be around Rs.5,40,000/- in A.P.  For your knoledge, I am giving you a web link of A.P State Registration Department.\n\nhttp://www.ap.gov.in/card/rates.htm