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The first thing to do when selling a house is to collect information and not rush to make important decisions. Why? Because, thanks to seller-friendly home sale innovations, you may have better options than the traditional, expensive way of selling your home with an agent.

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Important things to research and consider:

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- **Does it make sense to list with an agent or list [for sale by owner](https://www.offermarket.us/real-estate-glossary/fsbo)?** Are you willing to give a zero commission, low cost home sale platform like OfferMarket a shot?
- **What is the state of your local market?** How much inventory is there, what have similar homes sold for recently? (see [comps](https://www.offermarket.us/real-estate-glossary/comps))
- **What net proceeds are you looking to receive from your sale?** After all of your costs and loan payoff, what amount do you think is feasible? How much with a zero commission home sale contribute to your net proceeds?
- **How much is is going to cost to sell a house the traditional way with a broker or agent?** This includes 5-6% commissions, closing costs, repairs, staging, concessions, etc.

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Our mission is to empower everyone to sell their house without agents or commissions. Let us know if you have any questions!

The first thing to do when selling a house is to collect information and not rush to make important decisions. There's more to learn at OfferMarket.

What is the first thing to do when selling a house?

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What is the first thing to do when selling a house? - OfferMarket FAQs

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Real estate auctions work in a few different ways depending on jurisdiction and auction format. If you're thinking about selling your home or buying a property at auction, it's important to understand the specific details. 

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Some [auctions](https://www.offermarket.us/real-estate-auctions) are conducted by private companies, while auctions can also be conducted by local governments. Some auctions have a reserve price, while other auctions do not have a reserve price. Most auction services charge a buyer's premium, which is a fee charged to the winning buyer on top of their winning bid. 

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Done properly, real estate auctions can be a great way for sellers to make buyers compete while providing a good deal for buyers. Learn more about real estate auctions.

How do real estate auctions work? - Real Estate FAQs - OfferMarket

How do real estate auctions work?

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Though not specifically about real estate investing, these books will help you build a strong foundation as you grow your real estate business. Enjoy and scroll down to the bottom to share your favorite business book!

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## The Alchemy of Finance by George Soros

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The key takeaway in this brilliant book is Soros' Theory of Reflexivity. In short, the market (whether stocks, housing) tends to overshoot on the upside and overcorrect on the downside. Interestingly, Soros, a hedge fund titan and brilliant philosopher in his own right, was a student at the London School of Economics where he studied under Karl Popper, a renowned philosopher

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<br>

## The Intelligent Investor by Benjamin Graham

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From the late 1940s through the 1950s, Ben Graham was the teacher, boss and mentor of a young man you may have heard of -- Warren Buffett. If there's one book to read on fundamental asset valuation and risk management, it should be Graham's Intelligent Investor.

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<br>

## Common Stocks and Uncommon Profits by Philip A. Fisher

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Philip Fisher pioneered the idea of growth investing. He embraced technology and appreciated how it stood to transform disparate industries. This book teaches the art of scuttlebutt:

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> The business grapevine is a remarkable thing. It is amazing what an accurate picture of the relative points of strength and weakness of each company in an industry can be obtained from a representative cross-section of the opinions of those who in one way or another are concerned with any particular company.

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<iframe style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=offermarket00-20&language=en_US&marketplace=amazon&region=US&placement=0471445509&asins=0471445509&linkId=0e21df17ff5ea9d96bd251577730ec65&show_border=true&link_opens_in_new_window=true"></iframe>

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<br>

## Thinking, Fast and Slow by Daniel Kahneman

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There are so many fascinating breakthrough concepts (i.e. anchoring, loss aversion, framing, sunk cost) of behavioral psychology in this book from Daniel Kahneman, winner of the Nobel Prize in Economic Sciences.

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<iframe style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=offermarket00-20&language=en_US&marketplace=amazon&region=US&placement=0374533555&asins=0374533555&linkId=0d11d00f2c93224616613e757ffa84b7&show_border=true&link_opens_in_new_window=true"></iframe>

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<br>

## Think and Grow Rich by Napoleon Hill

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An absolute classic in the power of affirmations and a positive mental attitude, Hill's research and writings were spurred by a challenge he received from Andrew Carnegie to interview as many successful people as he could. In this book, you'll learn how Henry Ford used certain principles to achieve astounding success.

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<iframe style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=offermarket00-20&language=en_US&marketplace=amazon&region=US&placement=1585424331&asins=1585424331&linkId=16cd72af4506ad5b6b3c057a8c8fed15&show_border=true&link_opens_in_new_window=true"></iframe>

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## The Master-Key to Riches by Napoleon Hill

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Arguably more impactful and actionable than Napoleon Hill's Think and Grow Rich.

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> The habit of GOING THE EXTRA MILE is no pipe-dream. It pays, and pays handsomely! Moreover, it never forgets! Like other types of investments, the habit of GOING THE EXTRA MILE often yields dividends throughout one's lifetime.

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<iframe style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=offermarket00-20&language=en_US&marketplace=amazon&region=US&placement=0449213501&asins=0449213501&linkId=5a14519e8a646e4c24162871fc6020f7&show_border=true&link_opens_in_new_window=true"></iframe>

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<br>

## Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism by George A. Akerlof and Robert J. Shiller

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From the creator of the S&P Case-Shiller Home Price Index and Nobel Prize winning economist, the concepts in this book will ring especially true and relevant when looking at the COVID-19 housing, stock market and cryptocurrency boom.

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<iframe style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=offermarket00-20&language=en_US&marketplace=amazon&region=US&placement=069114592X&asins=069114592X&linkId=df2060c3e7c24ccf6f0e27877c894a21&show_border=true&link_opens_in_new_window=true"></iframe>

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<br>

## Extraordinary Popular Delusions and The Madness of Crowds Paperback by Charles MacKay 

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We are susceptible to wild, dangerous speculation. Not just in today's economy and markets, but also over the centuries. This book, written in 1841, highlights the following epic economic bubbles:

- South Sea Company bubble (1711–1720)
- Mississippi Company bubble (1719–1720)
- Dutch tulip mania (1637)

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Reading this book will prepare you for events like housing, stock and crypto market booms -- you'll even be able to recognize it before most others.

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<iframe style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=offermarket00-20&language=en_US&marketplace=amazon&region=US&placement=1463740514&asins=1463740514&linkId=81f8c85c37fa05dd253fa9c581b735f9&show_border=true&link_opens_in_new_window=true"></iframe>

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<br>

## How to Win Friends & Influence People by Dale Carnegie 

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Cited by Warren Buffett as the most influential book for his business success, Dale Carnegie's How to Win Friends & Influence People will teach you some basic yet extremely valuable and often overlooked principles for being well liked and getting cooperation from peers. One key takeaway in this book: what's everyone's favorite word? Their name.

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<iframe style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=offermarket00-20&language=en_US&marketplace=amazon&region=US&placement=0671027034&asins=0671027034&linkId=57df9307ffda3221ad4f71de9a2d92ce&show_border=true&link_opens_in_new_window=true"></iframe>

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<br>

## Influence: The Psychology of Persuasion, Revised Edition Paperback by Robert B. Cialdini 

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A favorite of Charlie Munger's, this book exposes powerful psychological concepts that will give you an edge whether you're selling a house, negotiating an offer, or dealing with a tenant. One such concept is the Reciprocity Principle.

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<iframe style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=offermarket00-20&language=en_US&marketplace=amazon&region=US&placement=006124189X&asins=006124189X&linkId=59837b96644be24d96d100cac70321ca&show_border=true&link_opens_in_new_window=true"></iframe>

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<br>

## Never Split the Difference: Negotiating as if Your Life Depended on It by Chris Voss

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Who better to learn the art of negotiating than from an FBI hostage negotiator? If you want to avoid frustrating negotiations and concessions and protect your bottom line, this is a must read with immediately applicable concepts communicated through entertaining recounts of the author's high-stakes fieldwork. 

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<iframe style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=offermarket00-20&language=en_US&marketplace=amazon&region=US&placement=B01COR1GM2&asins=B01COR1GM2&linkId=ff605b1607a66031b2c713294e71a8cd&show_border=true&link_opens_in_new_window=true"></iframe>

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<br>

## One Up On Wall Street: How To Use What You Already Know To Make Money In The Market by Peter Lynch

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This book is by the investing legend who coined the term "ten bagger". Peter Lynch shares his principles for outperforming the market and making sound investment decisions. Hint: start by ignoring the experts, focus on what you know well and therefore have an information edge.

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<iframe style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=offermarket00-20&language=en_US&marketplace=amazon&region=US&placement=0743200403&asins=0743200403&linkId=05afb8ffc9a6ea39c0278c10ab8142fa&show_border=true&link_opens_in_new_window=true"></iframe>

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<br>

## Rich Dad Poor Dad by Robert Kiyosaki

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Ever wonder what the rich teach their kids about money that the poor and middle class do not? That's exactly what this classic personal finance book is all about.

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<iframe style="width:120px;height:240px;" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" src="//ws-na.amazon-adsystem.com/widgets/q?ServiceVersion=20070822&OneJS=1&Operation=GetAdHtml&MarketPlace=US&source=ss&ref=as_ss_li_til&ad_type=product_link&tracking_id=offermarket00-20&language=en_US&marketplace=amazon&region=US&placement=946398285X&asins=946398285X&linkId=dd12b87dbb353514acbd1f53724a5a2f&show_border=true&link_opens_in_new_window=true"></iframe>

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<br>

## What's your favorite business book?

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<iframe src="https://docs.google.com/forms/d/e/1FAIpQLSfuPmiq-Pzhc4PUSW4BcNce20t6YOJJR7dT6sw7382GZgmDcQ/viewform?embedded=true" width="640" height="391" frameborder="0" marginheight="0" marginwidth="0">Loading…</iframe>

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If you want to become a great real estate investor, these foundational investing books will pay dividends.

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These Business Books Will Make You A Better Real Estate Investor - OfferMarket

These Business Books Will Make You A Better Real Estate Investor

Grow your real estate investing business with the most competitive DSCR loan product. OfferMarket also provides DSCR rental loans, bridge loans, hard money, fix & flip, rehab, ground up construction loans.

Rental Loans

What is a ALTA Settlement Statement?

<br>

## What is a ALTA Settlement Statement?

<br>

ALTA is the American Land Title Association and the ALTA Settlement Statement is a standardized form that itemizes the debits and credits for the buyer and seller in a real estate transaction.

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### There are four versions of the ALTA Settlement Statement:

1. ALTA Settlement Statement Combined
2. ALTA Settlement Statement Seller
3. ALTA Settlement Statement Borrower/Buyer
4. ALTA Settlement Statement Cash

<br>

#### See: [all ALTA and HUD-1 settlement statements](https://drive.google.com/drive/folders/1Q1I-B7FVaTGQJO7XFQxw5fs7r9Ai5pAh)

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The title attorney or real estate attorney conducting the real estate settlement will provide a ALTA to the seller and the buyer. It's important to carefully review the ALTA to make sure there are no errors. This document is then signed by the seller and the buyer at closing.

<br>

### Related terms:

<br>

- [HUD-1](https://www.offermarket.us/real-estate-glossary/hud-1)
- [ISAOA/ATIMA](https://www.offermarket.us/real-estate-glossary/isaoa-atima)
- [Mortgagee Clause](https://www.offermarket.us/real-estate-glossary/mortgagee-clause)
- [CC](https://www.offermarket.us/real-estate-glossary/cc)

<br>

ALTA stands for the American Land Title Association. In real estate closings, the ALTA is a settlement statement which is used instead of the HUD-1 in certain cases.

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What is ALTA in real estate?

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What is a ALTA Settlement Statement?

There are four versions of the ALTA Settlement Statement:

See: all ALTA and HUD-1 settlement statements

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