A vision for your life

DBS Real Estate

Bringing It All Together

Brokerage Services

Comparative Market Analysis

A unique form of presentation that is bound to leave you with results and help you move across problems with ease.

Broker's Price Opinion

Affordable prices tend to stand tall as an essential aspect of our services in order to promote you to attain a complete sense of satisfaction.

Total Market Overview

As our services are catered to help you advance in the market, we provide an analytical overview of all that you need to know.

Real Estate Appraisal

Advancing further comes in the form of appraisals as a move to set forth your agenda and ensure that it is completed.

Facilitating a Purchase

Ensuring that all parties are satisfied with the result by pushing forward the central aspect of needs and requirements.

Exchanging Property

Formulating a vital process with ease as it moves across through well-planned moves and methods.

Brokers and Supervising Agents

Experts and qualified professionals will be present right from the beginning to drive suitable changes that are going to hit you with benefits. As their experience does all the work, you will receive the right guide needed to eliminate problems and move ahead without them. So do the right thing and give us a call to learn all about the business of Real Estate.

 

Testimonial

What Our Clients Say

5/5
“Their work ethics and forms of management have always surprised me as they always ensure to provide the right kind of support.”
Micheal T. Millette
5/5
“DBS Real Estate was a crucial factor in guiding me towards the perfect business plan that was beneficial on all counts,”
John R. Cook
5/5
“A uniformed plan of action is what I was able to receive from DBS, and thanks to that, the rest of the task was relatively easy.”
Maryellen N. McDermott
4
Property
344
Brokers
16
Happy Clients
Our

Latest News

Real Estate Appraisals

Real Estate Appraisal

Real Estate Appraisals

Real Estate Appraisal is a specialized field of real estate valuation. Property evaluation, real estate appraisal or real estate valuation is the procedure of identifying an assessment of value for certain real property. Real estate deals often require complex appraisals as they happen so frequently and each property is unique, unlike stock, which are essentially identical and often happen daily. Valuing a real estate deal requires understanding the legal definition of the property, as well as the local market trends and demands. Appraisal techniques vary and include a market study, data analysis, comparison of similar properties to the one being appraised, and the use of technical and procedural tools and formulas.

In United States, real estate appraisal is one of the most essential and widely applied techniques. In fact, it is a compulsory requirement for all commercial business organizations, and real estate appraisals are the only sure way of evaluating the worth of the subject property. Appraisal is a valuable part of any transaction and it plays an important role in determining whether to go ahead with a deal or not. There are various factors that come into play during the real estate appraisal process and these include market conditions at the time of purchasing, location of the subject property, condition and performance of the underlying assets, knowledge and experience of the seller, lender, and buyers among others. These factors determine the value of the property that should be included in the appraisal.

Generally, it is easier to buy a new home than to repair or renovate old ones, but that does not mean that a buyer can settle for the former rather than the latter. The location and condition of the property are the most important considerations when buying a home, and real estate appraisal is required to determine the value of the property. Comparable homes and their appraised values have proven to be a very reliable guide when making a decision to buy a particular house. A buyer who plans to buy a property that is comparable to another will be able to make an informed decision. This will help him get the best deal for his money.

Home appraisals are performed by a lender’s real estate department, or by certified appraisers hired by the lender. A buyer can perform his own real estate appraisal, but he will not know the details of the comparable homes, the lender’s requirements, or the procedures involved. Such inspections can be done easily by the buyer himself, but he should understand the basic principle of appraisal in order to make an informed decision.

It is essential to note that real estate appraisals cannot be performed by anyone who is not qualified and licensed. There are some exceptions, such as if the person is working for the lender in charge of purchasing a property and if he is authorized to do so. However, these exceptions are very rare. The most important factor is that a licensed appraiser must be hired. A licensed appraiser must have gone through the appropriate training and he must have the appropriate authority to give the real estate appraisal. Appraisals are also usually accompanied by clauses stipulating that the buyer will be liable for any discrepancies that arise from the appraisal.

A buyer can hire an appraiser on his own or he can hire a licensed realtor to do the job for him. Most buyers prefer to hire a realtor, because he has greater access to details regarding the property value and the exact price range that the buyer can afford. If the seller will not allow this, then the buyer might want to do a side-by-side comparison with another person who will have similar means and resources and who will also be willing to sell the property at a lower price.

What is Escrow?

What is Escrow

Escrow

 

Escrow is an agreement, normally drawn up between parties, whereby the principal parties exchange money or property in return for a promise from another party. Being in escrow is basically a legal contract in which the principal parties involved in the transaction share and receive money or property from a third party, usually the lender.

The common terms for the escrow are referred to as the ‘agreed terms’. The disbursement of this money is based on several conditions agreed upon by the principal parties involved in the transaction. For instance, there could be a provision in the contract where the lender has the right to demand payment in full if the condition is not met.

Escrow could also be a condition for the issuance of securities to investors. In the case of securities, the principal and his/her agent have to agree on the amount of the deposit and the duration before the securities will be issued.

Escrow

Different Types of Escrow

There are different types of escrow. There could be a ‘judicial’ escrow, in which the money is used to settle a court order.  A judicial escrow would be set up to ensure the judgment debtor is paying the agreed amount to the judgment creditor, and that the funds are being disbursed to members of the settlement.  Class action lawsuits are a good example of a type of lawsuit that could result in the need for a judicial escrow.

Other than Judicial  

An ‘other than judicial’ escrow would involve the borrower, i.e. the investor, having an arrangement with the lender for the principal to deposit money or property at the time of the agreement, but then this money or property is given to the lender in the form of a ‘fee simple’ contract and is not subject to the same conditions.

Judicial

The ‘judicial’ escrow will normally run until the date of the expiration of the escrow. On the other hand, the other than judicial escrow may run until certain conditions are met by both parties. These conditions may include the completion of the contract by both the principal and the investor.

Escrow could also come in the form of a ‘certificate of deposit‘, a form of borrowing agreement in which the borrower provides the money or property to the lender, and then the lender, in turn, lends it to another party to use. This may also be done as a secured borrowing in the form of a mortgage.

The above mentioned forms of escrow are the common forms of escrow in the US. While you cannot avoid having escrows it is important to know exactly what they entail and when they occur so that you can decide the best way to deal with the situation to avoid issues that arise.

As mentioned, there is a possibility that the terms of the escrow are that the loan will become ‘due’ at the specified date. If you do not pay the loan at the specified date, the escrow will become ‘void’. Knowing more about escrow is very important to real estate agents.

 

Escrow’s Purpose

What is escrow’s purpose? The purpose of escrow is to protect both the lender and the borrower, by ensuring that both parties can make regular payments to the other party in the case of an escrowed loan.

However, you do not have to pay any fees to the escrow. You can choose to pay a fee to the person who has drawn up the agreement. The escrow could be drawn up by yourself or by someone else.

The most important thing to remember is that escrow works on the principle that a lender must pay the principal a proportion of the total loan if the principal defaults, with the remaining money going to the escrow. In this way, both parties will benefit from the escrowed loan. Once the escrow is discharged, the remaining loan amount will revert to the lender.

Understanding Real Estate – Agents, Brokers, and Realtors

Brokers Vs. Realtors

Agents, Brokers, and Realtors

 

There are different kinds of people who work within the real estate industry. This can include but is not confined to agents, appraisers, inspectors, and salespeople. However, when it comes to certain terms many people get it confused and the roles of these professions get blurred. Real estate agents, brokers, and realtors for instance.

Though they may look identical the role of each is different. They are on their own when it comes to qualifications and where they are in the professional hierarchy.

Agents

Real Estate Agents:

To become a real estate agent is one of the most complex in the business. A real estate agent is one who takes and passes all the classes that are required to become one, and also passes the licensing exam. A license is mandatory to conduct the work. They can also be referred to as “real estate associates”.

They facilitate the conduct of the business in the field and can represent both buyers and sellers in a transaction. The job is to connect the demands of buyer’s agents to any available inventory. The one who is on the selling side does so by marketing the property to get the potential buyers. They work on a commission basis and receive a percentage of the sale.

 

Real Estate Brokers:

Real estate brokers are those who continue their education past the real-estate-agent level and pass the state real estate broker license exam. they can work independently or have other agents working for them. agents can also work under other brokers. brokers share in the brokerage profits beyond the commission level.

Conducting negotiations, finding properties that match the criteria, and assisting in the process. Brokers list and show properties, determine the market value of the properties, and help in the process that is important in conducting the work. they are paid a commission once a sale is completed. This will be outlined by the contract as to how much percentage of a sale will go to the broker.

Realtors:

Even though the world realtor is much confused with the real estate agent, the profession is a lot different. A Realtor is a real estate professional who is a member of the national association of realtors NAR. It is open to a wide number of professions like residential and commercial real estate brokers, salespeople, property managers, and appraisers.

To be a member of the NAR, you have to agree and abide by their standards and uphold the ethics. A realtor is the most confused by the general public, but the professional definition sets it apart from the others.

 

Realtor

Conclusion:

Every real estate agent has to abide by the state laws and are required to be licensed by the state. The license can be provided by the state government, not by the federal.

 

 

 

Click or Call We do it All

Have a Creative Real Estate? Get a Free Consultation By Our Experts