Key Takeaway: Closing costs are a part of every real estate sale There are many variables that determine the price of closing costs Ask your local real estate expert for specifics about closing costs When you’re buying or selling a home, it’s important to understand what closing costs entail. Closing costs are expenses and fees […] Even if you’ve sold a home before, deciphering real estate jargon can still seem impossible. There’s a lot of unique terminology you should know if you want to make the most of your sale, which means it’s crucial to be well-versed in some of the most common home selling terms before you list. If you’re […] Everybody loves talking about mortgages. They’re fun, easy to understand, and a great icebreaker, right?….Wrong. Thanks to their lengthy process, technical jargon, and confusing options, mortgages have a bit of an intimidating reputation—but it doesn’t have to be that way! If you’re in the process of buying a new home and dreading the mortgage application […] Buying a home shouldn’t be rocket science. You find the perfect home, make an offer to the seller, pay a couple of fees, and bam! You just bought a home. However, buying a home actually has a lot of moving parts which include a number of funny real estate terms you’ve probably never heard before. […] Real estate lingo can be hard to decipher because, well, there’s so much of it! It might even seem like your Realtor is speaking another language. From fancy acronyms to words like “escrow” and “riders,” there are a lot of terms out there that might seem totally foreign. But that doesn’t mean you don’t have […] You’ve found the home of your dreams, and you’re preparing to make your offer. As you consider price and terms, be sure to include one of the most critical components of the offer – a home inspection contingency. The contract should clearly identify how any reported habitability problems will be rectified. Habitability means you cannot […] You’ve found the perfect home. You’re excited and ready to make a written offer to purchase, but how can you be sure there are no structural defects or unseen items requiring repair or replacement? You’ll address your concerns in the inspection addendum that accompanies the written purchase offer. These documents govern the buying process, inspection […] What’s the most important goal behind an Offer To Purchase? Agreement! How do buyers and sellers achieve that goal? Negotiation! And yet the term “negotiation” often sends people running for the door, because they believe that negotiation is simply another word for conflict. Not true! Negotiation is a golden opportunity for everyone involved to get […] How long does it take to sell a home? Is thirty days reasonable? Will it take ninety days, six months – even a year? In fact, the “market” determines the time required to attract a buyer. The “market” is simply the buying activity presently occurring in this area. It includes factors such as how many […] Whether the market is up or down (and particularly if it’s down), buying a “fixer-upper” and updating it can prove to be a profitable venture. As with any real estate investment, however, it’s wise to enter with eyes wide open. Knowledge and caution will help you avoid common pitfalls. The ideal candidate for such a […]
Category Archives: Real Estate Terminology
Everything You Need to Know About Closing Costs
15 Home Selling Terms to Add to Your Vocabulary
Mortgage 101: What To Know Before You Apply
Home Buying Terminology: A Cheat Sheet
What Do Those Home Selling Terms Even Mean?
Inspection Protection!
Buy With Confidence
Don’t Hesitate to Negotiate
Timing is Everything
Opportunity In Any Market
