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You need information on real estate, mortgage financing, home-repair, property management, and legal issues relating to real estate. This article below will give you great place to start: http://www.helium.com/items/942662-multi-family-think-multi

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Q: What should a first time buyer know about buying a multi-family home?
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3 major types of business buying situations and what differentiates each from the other two?

A straight rebuy is a fairly routine decision in which the buyer reorders without any modifications from existing suppliers. In a modified rebuy, the buyer wants to modify product specifications, prices, terms, or suppliers and usually involves more decision participants. A company buying a product or service for the first time faces a new task situation. It is the marketer's greatest opportunity and challenge because of the additional risk or cost, the larger number of decision participants, and the greater effort required to collect all of the needed information


What is a Cooperating Real Estate Firm?

A "cooperating" real estate firm is simply a competing real estate company that works with -- cooperates with -- another company. For example, Sunnyside Real Estate has a house for sale, and True Blue Agency is working with a buyer who is looking for a house to buy. The buyer is interested in the house at Sunnyside. An agent at True Blue shows the house to the buyer and the buyer makes an offer to buy. Sunnyside presents the offer to the seller. Sunnyside and True Blue are "cooperating" with each other to the benefit of their customer/client. Note that cooperation does not automatically include compensation. The firms should first come to a mutually agreeable compensation arrangement prior to showing.


What should I do before buying a franchise?

10 Things to Need to Know First Before Buying into a Franchise1. Do Your Homework2. Assess Your Work Style & Strength3. Investigate the Fees4. Get Your Money Straight5. Read the FDD Disclosure Statement Carefully6. Use a Franchise Attorney7. Beware of Franchise Consultants8. Work for a Franchise9. Hire Professional Help10. Talk to Other Franchisees


What is a seller's second mortgage?

The seller assigns keeps the first mortgage in his name, the buyer makes payments to the seller to cover the first mortgage and the sellers equity. It's sometimes called "seller financing" or "land contract".


Can a person break a contract between two people on a house and sell it to someone else?

Yes, in some cases. It depends on where you are in the process, and what else is going on. If you can find any loophole in the wording of the contract, you can withdraw at or before closing. In one case I heard of, a seller backed out because he wanted a cash payment and he refused to accept a cashier's check as an equivalent. But if the loan has cleared and the buyer's name is recorded, it officially belongs to the buyer, and realistically, if that was something you wanted to do, you shouldn't have accepted the buyer's offer in the first place. Buyers put money into the process, getting a home inspection, etc., and pulling out at the last minute is kind of a mean thing to do.

Related questions

How to decide on buying a car?

Buying a car can be a crucial process, especially if you are a first time buyer. While buying car you should set aside a definite budget, know your requirements and not get excited. Stay within your budget limits.


Where are the useful first time buyer mortgages?

There are many useful & unique aspects of the home buying process. The people who buy first home use first time buyer mortgages like the fha home loan they seek & complete in the buying process.


First home buyer should wait how long before refinancing?

First home buyer should wait how long before refinancing?


i would like to know about a first time home buyer program?

Hud has some great info on first time home buying: http://www.hud.gov/buying/index.cfm


When dealing with a diamond buyer should they quote a price first or should the seller?

There is no right or wrong way for giving or receiving a quote. Often, who quotes first will depend on the buyer.


Can you get first time buyer tax credit when buying a house from relative?

No you cannot related party sales don't count


Which banks provide first home buyer loans?

Most non-private banks offer first home buyer loans. The Department of Housing and Urban Development offers information on first time home buying and the particulars of who a bank will deal with such loans.


When buying a used car who is responsible for registering it for the first time?

The buyer is responsible. If you buy it from a dealer, most dealers offer to register it for you, but they are not required to.


When buying tack you should?

mesure your horse first


How do i go about getting qualified for the first time home buyer programs, and assistance dwn pymt programs. With my montgomerey GI Bill?

When you go to the realator office and show significant interest in buying a home, they will tell you how to go about applying for the first time home buyer programs.


When buying a car if your a first time buyer do you have to put down a down payment?

Depends on the policy (rules) adopted by the seller. It's not a law in most places.


Buying a car what should you know first?

A first car buyer should determine properly the right vehicle to own. You should know what model and make suits to your budget and also on your lifestyle. You also need to educate yourself on the different terms involved in car buying like the leasing and financing. If there is someone who has knowledge about automotive, then ask a help from him so that he can make sure that the car is properly performing. Buying car online is much easier than buying it directly on the auto store. Zibe.com is known for providing a great list of used and pre-owned cars with their complete photos to make shopping more convenient.