While a home inspection isn’t required by law, most home buyers believe that it’s a crucial part of the home buying process. The outcome of home inspection reports has the power to close deals or cancel them. In 2018 alone, some 4,500 realtors admitted that home inspections were the second leading cause of delays or…
You fell in love with a charming two-bedroom and its swanky kitchen. After negotiating with gusto, the seller finally accepted your offer. The seller happens to be a warm fellow who assured you that he has a clean title. You can’t wait to own this home but here’s the thing with buying properties — you…
You have the loan approval and all you need to is close on the property. But before you can proceed, you should wait for the Closing Disclosure. The Closing Disclosure or CD is a notice which details all costs related to your mortgage. Your lender should send it to you for review at least three…
The search is over and you have finally found the house that is perfect for you. With the help of your agent, you prepare an offer while keeping your fingers crossed. By now, you probably feel anxious and excited at the same time. To help you feel mentally prepared, here’s a list of the four most…
Real estate agents don’t just work for home sellers, they assist buyers too! Hiring an agent makes the process easier for a first time home buyer who doesn’t know what to do first. But if you are planning to hire a buyer’s agent, your agent may ask you to sign a buyer representation agreement or…
After the seller accepts your offer, you may have to make an earnest money deposit before proceeding to the next step. Earnest money deposits are part of most real estate transactions and it pays to know as much as you can about it. What Does Earnest Money Mean? When the seller accepts your offer, you…
Making an offer on a house means you are almost a homeowner. Sending an offer may sound easy, but figuring out how to make an offer on a house can be complex. Fortunately, we’ve got you covered! While the process can be intimidating, knowing exactly what to do when making an offer can simplify the…
After the seller accepts your offer, it’s time to take care of more paperwork. At this point, you may also receive the real estate purchase agreement. Real estate agents are familiar with real purchase agreements. But it may also be useful to have a real estate attorney you trust to go over the contract. By…
If you have mortgage questions, you’re not alone! Whether you’re a first time home buyer or it’s your Nth time to buy a house, it’s normal to have loan questions especially when it comes to confusing loan-related terms. In this guide, we will break down what a loan is, what you need to prepare when…
While some are fortunate enough to buy their first (or second) home in cold cash, most Americans fulfill their dream of homeownership through the help of mortgage lenders. And because there are plenty of lenders to choose from, it can be challenging to find the right loan provider. Why You Need to Consider Multiple Mortgage…