When you’re approaching the closing table and the title search is complete, you’re going to see the deed to the property you are buying or selling. This is when you’ll come across the terms Grantor and Grantee. Grantor and Grantee are legal terms for the people, companies or entities that are buying and selling a …
An appraisal contingency is a clause in a purchase contract that allows a home buyer to back out of the agreement without losing their earnest money deposit if the house is appraised for less than the purchase price. The appraisal contingency is commonly used by buyers in areas where prices are volatile like California to …
A “quiet title” is a name given to a legal proceeding that takes place in civil court when someone makes a claim about the rightful ownership of a property during a real estate transaction. A “quiet title action” is the evidence provided by the person defending their ownership. The questions about ownership can come from …
The differences between pre-foreclosures, foreclosure auctions, and REO foreclosures (real estate owned) is that each one is a step in the foreclosure process instead of being a type of foreclosure. Each one of these steps follow one another and each one has opportunities for you to save your house, although they diminish as each progression …
Pre-Foreclosure, Auction, REO: What’s the Difference? Read More »
An FHA loan is a type of mortgage that is insured by the Federal Housing Administration (a department of HUD) that you can apply for for at local banks and/or credit unions and use towards buying a new home, fixing up a house you already own, or a combination of the two. FHA loans can …
Have you received a cash offer on your house and aren’t sure what to do? We can help. When you receive a cash offer, it means that the buyer has cash-on-hand and wants to purchase your home without a mortgage. The major benefit to accepting a cash offer on a house is that you won’t …
What is a Cash Offer on a House? Should You Consider It? Read More »
Whether you’re looking to invest and earn a profit, or you are shopping for your new home, choosing between a townhouse vs. a condo doesn’t have to be a hard decision. Both property types are great options, and if you’re stuck, we’re here to help you make the right decision based on your situation. Below …
Townhouse Vs. Condo: Which is a Better Investment and Why? Read More »
While shopping for a home, you may come across a property owned by someone that lives overseas. If you purchase a home from a non-US resident, and they don’t pay the income taxes or capital gains on the property, you could end up responsible for the amount. But don’t panic! This is where the 8288 …
An Easy Guide to 8288 Tax Forms And Why They Matter Read More »
A traditional mortgage isn’t always an option for everyone. If you need time to build up your credit score, have more time to save for a down payment, or you know exactly where you want to live, a rent-to-own home may be an option for you. But what are they and how do they work? …
Rent-To-Own Homes: What They Are And How They Work Read More »
You’re purchasing a home and are in the midst of negotiations when all of a sudden a real estate purchasing agreement is handed to you. Don’t panic, a real estate purchasing agreement is a standard document that you and the seller must sign before going through with the sale of the home. This post will …
