Common Real Estate Terms (and What They Mean)
Buying or selling a home may seem like a long process. There’s a lot to prepare, advice to hear, and decisions to make! ??
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The 6 Most Common Causes of Mortgage Delays
Here are some reasons that may explain why your mortgage may be delayed (or some things you can watch out for to prevent delay!)…
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Things to Consider when Buying a Home
Things to consider when buying a home: ?
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How do EXP Agents achieve Icon Status?
Here are 4 parts to achieving ICON status as a part of the EXP Realty squad ??
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What to do when your Home Appraises too low as a Seller?
We are seeing appraisal contingency in about half the contracts we see these days– meaning a renegotiation has to happen if the appraisal comes back too low.
?? In the OTHER half of contracts, we are NOT seeing that appraisal contingency, meaning that buyers are agreeing to pay the difference — in CASH– if the appraisal comes back too low!
So why do they have to pay the difference in cash? It’s simple! The lender simply cannot lend for more than what the appraisal is, so buyers have to come out of pocket for this.
If the buyer does NOT have the money upfront, they would then have to terminate the contract with you as the seller.
You, sellers, would likely keep the earnest money and then either list your home back on market or move to a backup offe
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Fact: You do not need 20% Down to Purchase a Home
FACT: If you are a first time home buyer and you qualify for a conventional HomeReady loan, you can put down as little as 3%
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What is a Seller’s Property Disclosure?
What is a sellers property disclosure?
A Seller’s Disclosure, or property disclosure, is a legal document that sellers fill out to reveal and explain defects and conditions of the home they’re selling (or events that happened on the property) that prospective buyers may find unfavorable.
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6 Signs You are Ready to Buy a Home
You have spent years stalking neighborhoods and homes on zillow. Your friends and framily have been talking about it! Your neighbors are moving. Is it time for you to purchase a home? Here are 6 signs you might be ready to buy a home! Before you start talking to lenders and filling out pre approval […]
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What is Temporary Occupancy post-closing for the Seller?
Temporary Occupancy is becoming more and more common– especially in this Seller’s Market! Find out why…
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What is title insurance and why should you have it?
So what exactly is “title insurance?” Well, when a property is financed, bought or sold, a record of that transaction is generally filed in public archives. Likewise, records of other events that may affect the ownership of a property, like liens or levies, are also archived.