Deciding to purchase a house is a big commitment. The property that they purchase will become their home, which means that everything from the property's amenities and location to its age and condition can influence what the home is worth for the buyer. No one...
Real Estate Closing
What’s a post-closing occupancy clause?
Homebuying is filled with a lot of angst – for both buyers and sellers. Buyers may be worried about making sure the home passes inspection, the bank’s appraisal comes back high enough and their mortgage loan is approved. Sellers often worry about how they’re going to...
Does zoning truly matter when buying commercial property?
Commercial real estate costs more than a property of similar size or locations with residential zoning. Businesses looking to purchase vacant land or existing building for company operations may look into any properties that could theoretically work for their...
Will an appraisal gap force you to cancel your closing?
The real estate market is in constant flux. Prices, trends and demand are always changing, and the professionals that operate within the industry have systems in place to minimize the losses they may possibly incur from doing business. Mortgage companies, for...
How long do you have to wait to close on your house?
If you are buying your first house, you may not be sure what to expect. Fortunately, there are a few things to keep in mind that will help you plan for the time it takes to go through the closing process. Once you’ve made an offer, you may be ready to move in, but the...
What happens if the home you want to buy doesn’t pass inspection?
Buying a house can be as risky as it is thrilling. You may feel so excited when you find a house in the right school district that is within your budget that you can barely contain yourself. You may have an emotional response to the perfect breakfast nook or a...
What do sellers have to disclose to new home buyers?
As someone who is interested in buying a home, you’re on the path to homeownership. This is an exciting time in your life, but it can also be scary. You’re going to spend thousands, if not hundreds of thousands, of dollars on a property, so you want to know everything...
5 issues that could prevent your home closing
When you’re ready to close your home’s purchase, one of the things you have to be aware of is that there are issues that could prevent the closing from moving forward. Prior to closing, your buyer may want to have inspections performed, for example. If anything goes...
Can you move into your new home right after closing?
You put in an offer on your dream home and it gets accepted. You’re elated. It takes a few months to get through the process -- getting the mortgage, doing the inspection, etc. -- but then you head to closing. You assume that, as soon as you close on the house, it...
Are you ready to buy a home?
Buying a home, just like getting married and having children, are considered key milestones in life that many people feel under pressure to meet before a certain age. However, they are all decisions that should not be taken lightly: A person needs to make sure that...