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As a matter of contractual obligation you owe them nothing. It is normal when two agents are involved that they split the commission, but you have signed nothing to that effect. Buyers agents have contracts with the buyers that cover this situation, and normally the buyers pay the agent their commission. It's typically half a seller's commission.
This ...
6
It's unlikely that you would be able to have firm evidence of a sudden drop in price so rapidly. Reason for that is that the real estate market is a bit peculiar: Transactions take time to put together and it can take a long time for prices to adjust. The real estate market is not nearly as liquid as the stock market, international commodity markets or ...
5
You're ignoring the fact that your brother derives value from living in the apartment. Fair to me in your situation would be:
Split costs as before
Split rent on the one unit as before.
And you get the majority of the rent on one of the units, as you used to get that value by living there. I'd say it's less than 100% of the unit's rent because it's likely ...
3
per one of the title insurance company
If you're considering refinancing your mortgage, you may be surprised
to see that you are required to purchase a new lender's policy of
title insurance. This is because a lender's policy only provides
coverage for the life of a loan. When a home is refinanced, the life
of one loan ends and another begins. ...
2
This post might be really dark and cynical, but these are the facts:
Some predictions state that between 40% and 70% of the world population will catch COVID-19 sooner or later.
The WHO estimates a mortality rate of about 3.4%
Mortality rates are much higher among older people
Home ownership is far more common among older people
This means that within one ...
2
Stocks dropping are telling you that the economy is hurting and so is demand for assets. Those are big negatives for real estate prices.
Usually when stocks drop the financial authorities cut rates which can have the follow-on effect of making long end rates lower, but rates are already very low so we won't get the typical tailwind to real estate prices ...
2
Yes, under limited circumstances. Per §6b EstG you don't have to tax the profits from the sale (Veräußerung) of a business asset, if:
the sold asset is land or a building or certain other assets
you held the sold asset for the last 6 years
you acquire an asset of the same type within 4–6 years (depends on the asset type)
and possibly other conditions
More ...
2
I am not an agent, but I have both bought sold real estate dozens of times and wanted to share a few thoughts in response to your question and to add to the accepted answer:
... what should I pay the buyers agents - if anything? Is it an option to offer to pay a flat fee, similar to how you might pay a real estate attorney?
Yes, (at least in my state) ...
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