What does ancillary mean in real estate?

Ancillary services are those that aren’t a part of the usual real estate transaction. They are things that someone who does not have the expertise to sell or buy a property might need to do. For example, if you have a mortgage and need to refinance it, or if you have a rental property that you want to sell and need to get an estimate of the market value, then an agent can help you with those things.

What does ancillary mean in real estate contracts?

ancillary services in real estate typically refer to services that aren’t directly related to the underlying asset. These services are generally provided by a service company that works with the buyer or seller. Examples of ancillary services include home warranty, pest control, landscaping, and security monitoring, among others.

What does ancillary mean in real estate appraisal?

The term ancillary refers to anything related to the sale of a property and not a building or the land it sits on. These items include warranties, maintenance and service agreements, a list of contents, and other items the tenant is responsible for paying.

What does ancillary mean in real estate agent?

An ancillary service is one that isn’t part of the standard commission. It covers the costs of something that is not a regular service for a property sale. This includes things like marketing, setting up inspections, arranging offer presentations, and more. Most full-service real estate agents offer ancillary services.

What does ancillary mean in a real estate closing?

During a real estate transaction, ancillary services are services that are not provided by the title company. Instead, a licensed attorney can provide these services on behalf of the buyer or seller. An example of an ancillary service is a copy of the deed.