Perhaps when the term, “reverse mortgage” comes to mind, you conjure images of an aging, former celebrity espousing its benefits for senior adults in an infomercial. As with other similar advertisements that have a similarly predatory feel, it is important to pay close attention to the details of reverse mortgage products for yourself or for […]
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Rural Housing Programs Defined According to the United States Department of Agriculture (USDA), Rural Development’s purpose is to provide, “Well built, affordable housing [that] is essential to the vitality of communities in rural America. Rural Development’s Single Family Housing Programs give families and individuals the opportunity to buy, build, or repair affordable homes located in
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Earnest Money Defined If the word “earnest” is defined as showing sincere and intense conviction, then “earnest money” can be considered the good faith deposit in a real estate transaction that shows a buyer’s sincere and intense conviction (interest) to purchase the home upon agreement of a signed contract. Essentially, earnest money is a deposit
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The housing market has gone through many changes as a result of the pandemic and its economic consequences. Seemingly gone are the days when home prices were reasonable and buyers had the luxury of taking their time to really weigh the pros and cons of a property and linger with their offer-making efforts. These days
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With the current inflationary costs continuing to surge in the real estate market, many buyers are thinking “outside the box” when it comes to creative ways to purchase and own a home. One option you may not have considered is how a multi-family home might be right for you. What is a Multi-family Home? For
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Escrow Defined Escrow is a legal arrangement in which a third party temporarily holds money or property until a particular condition has been met (such as the fulfillment of a purchase agreement). Who Is Involved with Escrow? There is a litany of people who are involved when it comes to escrow. First, there is the
When you envision a real estate closing you may think back to movie images or your own past experiences where there are lots of people wearing suits, oversized mahogany tables, and fancy pens held by buyers and sellers who are signing paper documents ad nauseum. While it’s true that some in-person closings still involve big
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In the world of real estate, like any field or area of specialty, there are hundreds of words and acronyms the average buyer or seller may not be familiar with. While your trusted real estate professional should be able to guide you through your own process of selling or purchasing a home by helping to
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With the rise of home viewings being available through photographs, high-quality video, and live virtual tours, getting the right visual representation of your home is perhaps more important than ever. Whether a person physically steps through your front door or sees a listing online, setting the right first impression is of utmost importance. One of
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With Valentine’s Day in the air, now is a good time to assess whether or not you are buying a home with your heart or your head. Sure, a good mix of both is probably in order, but you should be aware of some common pitfalls when your home search and purchase tend to lean
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