Understanding An Earnest Money Refund Are earnest money funds refundable? When you are purchasing real estate, there are quite a few things you need to know. One of those things is whether or not your money is refundable. The reason for this lies in the sometimes incomprehensible deal of purchase agreements. Many buyers and sellers will ask their real estate agents whether the earnest money deposit is refundable. Sometimes, these situations can be more complex than a simple yes or no answer. ...| Maximum Real Estate Exposure
One of the questions I often field as a real estate agent from buyers and sellers is the difference between a pending home sale and a contingent home sale. Some will also ask what a contingency means as well. The meaning of contingent is not difficult to understand and neither is pending However, if you are not buying or selling real estate daily, there is quite a bit of lingo that can make you wonder. When you start looking real estate listings, you will come across properties in different s...| Maximum Real Estate Exposure
There is one common element to all real estate purchases. It would be best to make sure that the property| RISMedia
Are you wondering how much an attorney for real estate charges for their services? Several factors come into play regarding the cost of hiring a real estate attorney. Factors such as the type of case, complexity, and the attorney's location can influence the overall cost. Attorneys may charge hourly rates or flat fees, ranging between $150 and over $400 per hour or between $500 and $2,000 for closing on a house. Additional expenses like title insurance, transfer taxes, and registration fees m...| Maximum Real Estate Exposure
Check For Potential Issues When Buying Your First House Do you understand what's needed for due diligence in real estate to be completed? If you are a first-time homebuyer, you are probably doing all the research to ensure you don't make any mistakes. Performing due diligence increases the odds that you won't regret purchasing. The homework you are doing now is essential because a lot goes into buying a home—which means you have a lot to learn in a relatively short time. The due diligence p...| Maximum Real Estate Exposure
What You Should Know About Homeowners Association Rules If you are shopping for a home right now or planning on doing so shortly, you will encounter homeowners associations (HOAs). In all homeowner's associations, some rules must be followed. HOAs are management organizations that define and enforce rules governing condominiums and home communities. Some consider them overbearing patrols that make homeownership harder than it has to be. Others think of homeowner's associations as essential or...| Maximum Real Estate Exposure
Are you wondering what an FHA loan is and how it works? Over my thirty-eight years as a real estate agent, many clients have asked me about FHA loans and whether they would be a good mortgage choice. FHA mortgage loans are a staple for many homebuyers. When considering buying a house, you will want to find the best mortgage. For many buyers – especially first-time homebuyers – the best mortgage option is an FHA or Federal Housing Administration loan. FHA loans tend to be available to borr...| Maximum Real Estate Exposure
Navigating the intricate maze of real estate transactions can be a bewildering experience for first-time homebuyers and seasoned investors. In this forest of legal jargon, ...| Massachusetts Real Estate News
Understanding Title Insurance in Real Estate Would you like to know what title insurance is and how it works? You're probably interested in learning the cost of title insurance and whether it is worth having. Homebuyers often ask real estate agents or mortgage lenders about title insurance and why they always need it. By the time you're done reading, you'll have a comprehensive understanding of this insurance and why it makes so much sense to have it. You will also learn precisely how title i...| Maximum Real Estate Exposure
Many consumers ask what a real estate attorney does. Do I need one in my real estate transaction? Speaking from thirty-eight years of experience as a real estate agent, I can talk about the importance of having a lawyer in your corner. Buying a home isn't the same as many other purchases you might make. Ownership is legally changed from the seller to the buyer, and documentation and contracts are involved. Because buying a house is more complicated, using an attorney for real estate purchases...| Maximum Real Estate Exposure