For many home buyers and sellers, escrow is an unfamiliar term that’s often confused with closing. While an escrow agent is involved in the closing of a real estate transaction, escrow itself is the process where an impartial third party ho...
You got an offer – Congratulations! So…what now? Read on to learn what to do when you receive an offer to buy your home.
An offer should be submitted in writing as a sales contract, which is a binding legal agreement. Neve...
If you’re concerned about the legal logistics of selling your own home, hiring a real estate lawyer may give you peace of mind. In most states, a lawyer isn’t required to finalize the sale of your home, but some sellers prefer having ...
Buying a house is the biggest purchase most people will ever make, and securing a mortgage is a huge financial commitment. In a time when foreclosures run rampant, understanding your financing options and making a responsible choice can make all ...
There’s nothing like that moment when you finally find the perfect house. You may be tempted to write the seller a check on the spot, but knowing how to make the right offer can make all the difference on whether or not you actually land yo...
When it comes to selling your home, setting the purchase price is one of the most difficult decisions you’ll have to make. If your price is too high, your house could stagnate on the market, or you could alienate potential buyers. On the ot...
#1 Setting the price too high. Not only will you get fewer offers, but buyers may think something is wrong with your property when you lower your price. Get an appraisal or do a Comparative Market Appraisal (CMA), then set your asking price accor...
#1 Check your credit. Correct any errors, try to repair any damage, and establish two years of reliable payment history before you apply for a mortgage.
#2 Save. Plan for your down payment, closing fees, attorney fees, and other expens...
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