Your Home, Your Life... Make It Great!
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How
Are Realtors Paid?
Great
question! Realtors can be paid by either the seller or the buyer.
Although not a common practice, the buyer can pay their
representative compensation for representation. This method,
however, is usually seen more in commercial real estate transactions.
The traditional method is for the seller to pay the selling and
buying agent in a real estate transaction. When the seller chooses a
Realtor to bring their home to the market place they also agree to
pay a percentage of the sale price as compensation to the Realtor.
The
listing (Seller's) Agent offers a split of the compensation to the
Realtor who brings a buyer to purchase the property. This allows a
Buyer to be represented in the purchase without bearing any
additional expenses in the buying process. The only requirement by
the State of Ohio is that the Buyer discloses to the seller that
their Realtor is a Buyer Broker Representative and the seller
acknowledges that disclosure by means of a signature on the Agency
Disclosure Form.
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We Love Clintonville!
Among the many Columbus and Central Ohio communities we serve, we have a particular fondness for
Clintonville because that's where our home office is located!
What is Clintonville?
Clintonville is charming,
Clintonville is classic,
Clintonville is convenient,
Clintonville is ...
HOME!
Clintonville can be your home too! To learn more about Clintonville and all of the amazing
features this community has to offer, don't wait - contact your neighborhood experts at
Make It Great! Real Estate.
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Real Estate Glossary
Assumable Mortgage: when a home is sold, the seller may be able to transfer the mortgage to the new buyer. This means the mortgage is assumable. Lenders generally require a credit review of the new borrower and may charge a fee for the assumption. Some mortgages contain a due-on-sale clause, which means that the mortgage may not be transferable to a new buyer. Instead, the lender may make you pay the entire balance that is due when you sell the home. An assumable mortgage can help you attract buyers if you sell your home.
Glass Block : A window type formed by a compilation of small translucent cubes of glass.
Cloister : A court, usually with covered walks or ambulatorie along its sides.
Qualifying Ratios: guidelines utilized by lenders to determine how much money a homebuyer is qualified to borrow. Lending guidelines typically include a maximum housing expense to income ratio and a maximum monthly expense to income ratio.
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About Us
Make It Great! Real Estate LLC
Residential Real Estate Brokers
Residential Property Management
Homes For Sale
Investment Property For Sale
George Byrd, Broker
614-267-7676
614-474-8095 fax
Email
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