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Nov 2, 2013

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Buying Real Estate in Franklin TN

Belle Chase Franklin TN Homes International For Sale Online Buying real estate in Franklin TN will be the largest purchase you will ever make. You want to make sure you're protected during this transaction. The best way to do that is to hire a Buyer's Agent. What is a Buyer's Agent? In the late '90's real estate laws changed to protect buyers from the common-law practice of caveat emptor ("let the buyer beware"). Prior to this change, all real estate agents worked for the seller, even if, they were using an agent other than the listing agent. While sellers benefited from this arrangement, buyers began to question whether their financial interests were being protected. Buyers demanded accurate, factual information, as well as, objective advice. Their demands resulted in a change to agency law and the Buyer's Agent was born. Can I Call the Listing Agent? While Buyer Agency was created to protect the fiduciary interests of home buyers, many still contact the Listing Agent when purchasing a home. Primarily, because buyers think they will be able to negotiate a better price for the home if they use the Listing Agent. Actually, that is rarely the case. The Listing Agent has been hired by the seller to represent the seller's fiduciary interests. The Listing Agent's commission is negotiated at the time the Listing Agreement is signed. It is common practice for the Listing Agent to split that negotiated commission with the Buyer's Agent. However, if the Listing Agent brings the buyer, then he receives the full commission or both sides of the deal. Buyers mistakenly think that commission split will be passed on to them. It is not. Even worse than that, a buyer may actually pay more for a property by using the Listing Agent. Remember, the Listing Agent works for the seller. His responsibility is to get the highest sales price for the home. Many buyers do not realize that when they sit down to write an offer using the Listing Agent, he will ask them to sign a Confirmation of Agency Status. This document is written notification to the buyer that he is about to enter into a legally binding contract without representation. Is that what you want to do when making the largest financial purchase of your life? Do you really want to be an unrepresented buyer? That's what you will be doing if you use the Listing Agent to purchase a home. Should I Use a Buyer's Agent for New Construction? Absolutely. Builders know and understand that the majority of their home sales come from real estate agents. They have priced their homes with this in mind. Many buyers think that when they go in without a Buyer's Agent that savings will be passed on to them. Nothing could be further from the truth. When a buyer comes in with a real estate agent, the builder/seller recognizes right away that this agent will show the buyers a lot of different housing options which means the seller/builder will have to negotiate to win the buyer's business. Remember, the on-site agent, while friendly and knowledgeable, works for the seller. It is her job to get the best sales price for the seller. As such, anything you discuss with this agent can be used against you during the negotiation process. It is best to have the help of a Buyer's Agent so you don't diminish your negotiating power. A Buyer's Agent will be able to negotiate a better deal on a new construction home purchase often saving you tens of thousands of dollars.  (Jan 4, 2014 | post #1)

US News

Chase Franklin International Tokyo News: The Lessons of J...

BY many measures, Japan’s economic fortunes have turned up. The Tokyo stock market has surged about 65 percent since last fall. In the second quarter, the economy expanded by 3.8 percent, which is faster than other developed economies. At last, prices are edging upward, a good thing for Japan. Yet, the mood in Tokyo among businessmen and economists remains precariously balanced between enthusiasm for the monetary and fiscal stimulus unleashed by Prime Minister Shinzo Abe and worry that promised structural reforms might not be implemented. That’s a worry that other countries should absorb. What concerns businesses in Japan concerns business all around the world. In the endless global debate about the importance of macroeconomic budgetary and monetary policies, insufficient attention is often given to the unsexy, often politically toxic pile of smaller-bore policy challenges that can be critical to restarting a faltering economy. Many countries need to take on those challenges, including calcified parts of “old Europe” like France and Italy, emerging nations like India, and even the United States, with its shortsighted slant toward consumption in place of saving and investment. Japan is certainly as shackled by its own rigidities as any other country. While some export-oriented industries (autos but, notably, not electronics) have remained competitive, the domestic economy feels straitjacketed by bureaucracy, tradition and overregulation. Accordingly, Mr. Abe has promised to deliver a vast array of microeconomic reforms, from permitting online drug sales to increasing the number of women in the work force by expanding child care, to “corporatizing” Japan’s fragmented farming industry. But to date, virtually none of Mr. Abe’s long, self-created to-do list of structural reforms, which he calls the “third arrow,” has been proposed in full detail, let alone completed. During even a short visit, it’s easy to see that the need for microeconomic reform is glaring. All told, Japan’s labor productivity is 71 percent of America’s — and on a par with Italy’s. While Japan is still a wealthy country, its return on capital is equally unsatisfactory. And much like the United States, it needs better tax policy: fewer loopholes, lower rates on income and, down the road, as the economy recovers, more revenue to close gaping budget deficits. Even if the prime minister pursues his ideas vigorously, Japan will still face significant structural challenges. For example, despite a declining population, no one in Japan — essentially a closed society — is talking seriously about reforming exceptionally strict immigration laws. Nor do many expect meaningful changes in rigid labor policies. Some elements of Mr. Abe’s plan appear to be working. In order to stimulate consumer purchasing, he has exhorted Japanese companies to replenish thin wallets by increasing wages. As a result, consumer spending has begun to tick up, particularly for luxury items. Inside the Daimaru department store near the Tokyo train station, gleaming new boutiques have been built for brands like Prada and Bottega Veneta. Loan demand and business investment are also finally increasing. But Tokyo, which once seemed so dazzlingly modern, now feels far from cutting edge next to gleaming cities like Shanghai. A gloomy sensibility was particularly apparent this summer, when office lights were dimmed, temperatures turned up and strict office dress codes relaxed as Japan grappled with shrunken electricity supplies following the Fukushima nuclear incident. Source Link: http://sheinnamein ranklin-Internatio nal-Tokyo-News-The -Lessons-of-Japan% E2%80%99s-Economy  (Nov 2, 2013 | post #1)