16 May 2025
By RESCO Realty

Understanding the Process of Selling a Home Through a Power of Attorney

Home Selling Tips, ,
What Is a Power of Attorney in Real Estate?Selling a home involves a lot of paperwork, legal decisions, and sometimes even travel. But what happens when a homeowner isn’t able to handle those responsibilities themselves? That’s where a Power of Attorney (POA) can come into play. A POA is a legal document that gives another person the authority to act on someone else’s behalf in legal or financial matters—such as selling a home. This can be incredibly useful for homeowners who are elderly, ill, out of the country, or otherwise unavailable to manage the real estate transaction personally. The person…
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15 May 2025
By RESCO Realty

Understanding the Process of Selling a Home Through a Lease-Option Agreement

Home Seller Tips, ,
What Is a Lease-Option Agreement?A lease-option agreement is a creative strategy that allows homeowners to sell their property by offering a potential buyer the opportunity to lease the home for a specified period, with the option to purchase it at the end of the lease term. This arrangement combines a standard lease agreement with a separate option-to-purchase contract. It’s an ideal solution in slower markets or for sellers looking to attract buyers who may not yet qualify for a traditional mortgage. How the Process WorksIn a lease-option setup, the seller and tenant-buyer agree on two main components: the lease terms…
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10 Jan 2025
By RESCO Realty

What Closing Costs Will Look Like When Selling Your Home

Real Estate Tips, ,
Selling your home can be exciting and emotional. You may be focused on the potential profit from the sale, it’s essential to understand the costs that come with closing the deal. Closing costs can significantly impact your net proceeds, so being prepared will help you avoid surprises and plan accordingly.  1. Real Estate Commissions The largest portion of your closing costs is usually the commission paid to real estate agents. This fee is typically split between the listing agent and the buyer’s agent and ranges from 5% to 6% of the sale price. For instance, if your home sells for…
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