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The Down Payment Versus Closing Costs: What’s the Difference?

The Down Payment Versus Closing Costs: What’s the Difference?

There are all types of fees associated with purchasing a home. It can be daunting process not understanding how to make heads or tails with all the of monies needed for a successful close. The Down Payment The down payment is the percentage requirement of money that...
What Do Attorneys Do in a Real Estate Transaction?

What Do Attorneys Do in a Real Estate Transaction?

Responsibilities of a Real Estate Attorney Reviewing documents – such as purchase agreements, title documents, mortgage docs, transfer documents and typically represents a buyer or a seller. They are certified professionals who oversee the legal aspects of real...
What is Homeowners Insurance and Why Do You Need It?

What is Homeowners Insurance and Why Do You Need It?

Homeowners insurance is a type of insurance that provides financial protection against damages to your home, as well as your personal belongings. It is important to have homeowners insurance if you own a home, because it can help protect you from costly repairs or...
Closing on a House: What to Expect and Closing Day Tips

Closing on a House: What to Expect and Closing Day Tips

Your train has finally arrived at the station. Congratulations you have made it to the closing table after months of house hunting, jumping through the hoops for a successful loan process and mountains of paperwork. Typically, this paperwork journey takes about 4-8...
What Happens if the Home’s Appraised Value Is Less Than My Offer?

What Happens if the Home’s Appraised Value Is Less Than My Offer?

The Buyer Home Appraisal Comes in Low This is a rather common nuisance that can throw a monkey wrench in the middle of negotiations or derail a deal altogether. Remember that the appraiser works for the bank to protect the bank’s interests, not yours. But you as the...