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What is a CMA?

By | 2015-04-16T03:21:12-06:00 April 16th, 2015|Pricing Questions, What is Needed to be Listed|

Answer: A CMA, also known as a Comparative Market Analysis, is an estimate of a home's current market value based on the sale prices of other, comparable homes in a given radius. An accurate CMA can be extremely helpful in setting a realistic market value. Any licensed real estate agent can pull a CMA for

What is a listing agreement?

By | 2015-04-16T03:17:44-06:00 April 16th, 2015|What is Needed to be Listed|

Answer: A listing agreement is a contract that spells out the specific rights and responsibility of both the broker and the client in a real estate transaction. A listing agreement gives us (Creekview Realty) the right to represent you and to list your property on your local MLS (Multiple Listing Service). When you list with

Will my home buyer rebate be taxed by the IRS?

By | 2018-03-21T15:51:27-06:00 April 16th, 2015|Buyer Questions|

Answer: No, our 2% buyer's rebate is not taxable. There had been some discussion when we began our 2% home buyer rebate in 2002 whether it would be declared as taxable income by the IRS. Remember: A rebate is essentially a refund of a percentage of the buyer's agent commission fee. In traditional real estate,

What should I look for during my final walk through?

By | 2015-04-16T00:23:27-06:00 April 16th, 2015|Buyer Questions|

Answer: The final walk-through is your last opportunity to inspect the property before finalizing the sale. Typically, a final walk through is done 24 hours before closing. A walk through should take anywhere from thirty minutes to an hour to complete. Factoring all the time and money you have already invested, consider it well spent.

Why doesn’t the 2% rebate work on Creekview Listings?

By | 2015-04-16T00:17:42-06:00 April 16th, 2015|Buyer Questions|

When we represent you as a buyer, we keep 1/3 of the buyer's agent commission (from the seller) and give you the lion's share, or 2/3 of the commission. It only works on homes where we don't represent the seller. This is because Creekview listings only include a 3% buyer's agent commission if there's an

Get you Home Buyer Rebate

By | 2021-03-31T19:18:48-06:00 April 15th, 2015|Buyer Questions|

Our Backstory Creekview began from a single idea back in the late 1990’s. That idea, which seems to be a no-brainer, is actually quite revolutionary. You see, John Prell had a vision. He wanted to make real estate affordable. He wanted to help families by letting them keep more of the money from the sale

Are home buyer rebates a scam?

By | 2015-04-15T23:42:28-06:00 April 15th, 2015|Buyer Questions|

Answer: They may sound too good to be true, but home buyer rebates are legal in 40 states. The US Department of Justice is urging the remaining ten states to remove their restrictions. The Federal Government recognizes home buyer rebates as being beneficial to consumers. Moreover, the IRS has determined that home buyer refunds are

How to save money when buying a home in Texas

By | 2015-04-15T23:29:13-06:00 April 15th, 2015|Buyer Questions|

Creekview Realty will return 2/3 of our commission back to our buyers at closing. Example: You buy a $300,000 house. In a typical residential real estate transaction, 6% of the sales price is reserved for the agents' commissions. That means real estate agents are paid $18,000 to sell you the $300,000 house. If you think

What are lender non-allowables?

By | 2015-04-15T23:16:05-06:00 April 15th, 2015|Lending Questions|

Answer: Ultimately, lender non-allowables are closing costs that the seller is responsible for paying. In a VA loan, there are several closing costs that are known as lender non-allowable items, because the Veterans Administration does not allow the borrower to pay these costs. The VA limits the amount of origination fees that a lender can