This post goes out to my fellow Twitter buddy @gdeems who suggested I might write something like this.
It's all about the fact that there is rarely a real estate transaction that doesn't have some glitch in it. A lot of the times it's a lot of glitches.
My job is to make most of the nuts and bolts of the real estate transaction invisible … [Read More...]
Buying a home isn't cheap.
There's the down payment. Even when a home buyer qualifies for a low down payment or zero down payment loan (in the case of VA loans), they still need to come up with closing costs. Then there is the cost of moving and furnishing and all that kinda stuff.
So, it's natural for the parents to want to help.
This is … [Read More...]
Closing costs help or, as we call it, a Seller Credit to the Buyer is something that many home owners don't really think about until some buyer asks for it.
When I sit down with a home seller to go over what they might expect in the way of net proceeds I usually include a certain percentage of the home price as closing help. You see, in the … [Read More...]
Moving is a stressful event. Some rank it right up there with death and divorce or changing jobs. It's no easy thing.
Yet, people do it all the time and thank God for that. Otherwise, I'd be out of j-o-b and probably be greeting people at Walmart or Home Depot.
The thing about moving and stress and the like is that people don't take it … [Read More...]
Real Estate Settlements are that magic moment when the transfer of real estate transfers from a seller to a buyer.
The seller gets to stop their mortgage payment, utility payments, general maintenance and upkeep.
All that responsibility now goes to the new owner.
In Maryland, it's also the day that … [Read More...]