Geoff and his family have lived in Vienna since he left active duty in the Marine Corps in 1993. His family provides him with the inspiration and support needed to be a successful Broker. They are very active in the community and participate in a wide variety of youth organizations and athletic groups. Geoff's hobbies include card games, playing soccer, coaching youth soccer, and real estate investment. Please Sign Up For The Latest Listings and the Latest Real Estate News
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For Sale By Owner >Not the Best Investment Some homeowners try to sell their own home, believing that they are as capable as a real estate agent of handling a property transaction. But according to statistics, only 8 to 10 percent of "FSBO" transactions actually close, and many end up in litigation.
If you choose to buy a home with a realtor's help, you substantially reduce your risk. Buying real estate involves more legal and financial repercussions than most people realize. Realtors are licensed and highly regulated professionals who are equipped to deal with the complex issues that arise. For example, if the FSBO seller holds your earnest money deposit, how will you as the buyer go about getting it back if the deal does not close? What will you do if the seller refuses to correct defects in the home or treat a termite infestation? Who pays for re-wiring the house if the electrical system does not meet current codes? What if there are liens against the property?
As a buyer, you have rights written into the sales contract. An experienced agent knows how to protect those rights while negotiating the best price and terms on your behalf.
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| Q |
To what process do the terms closing, escrow, settlement and passing papers refer?
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| A |
These terms, which vary in different parts of the country, describe the conclusion of a real estate sale. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERT™ 
