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
The Definition of a Buyer's Market In real estate sales, there are essentially three types of markets. There is a buyer's market, a seller's market, and a balanced market. The differences between buyers' and sellers' markets are like night and day. Real Estate markets go through cycles. The real estate market never stays the same as outside forces change it in one direction or another. When there is a buyer's market in place, more homes are available for sale than people looking to buy them. ...| Maximum Real Estate Exposure
Bidding wars on houses are all too common these days. How do you win when there are multiple offers on the home you love? Winning a bidding war on a home isn't always easy. You may find that out quickly if you plan to buy a home. When making a home purchase now, whether a new home or a resale, the chances are high that there will be competing offers on the property you love. High demand coupled with low inventory has created bidding wars in many markets. If you are trying to buy, especially i...| 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
We look at the difference between a home inspection and home appraisal during the home buying process, and why it might cost you more if you don’t have them.| www.madisonmortgageguys.com