The Importance of Home Inspections
If you plan on purchasing a new home, obtaining a home inspection before closing the deal is crucial. Home inspections can help you identify any potential problems or issues with the property that could cost you time, money, and stress. Read on to learn more about the role a home inspection plays in the home-buying … The Importance of Home Inspections
Do Millennials Make Up The Largest Share of Homebuyers In New Jersey?
Millennials have been shaking up the real estate industry in recent years. Defined as those born between 1981 and 1996, millennials are now the largest group of homebuyers in the United States. In New Jersey, they are certainly making their mark in the real estate market. How Many New Jersey Homebuyers are Millennials? According … Do Millennials Make Up The Largest Share of Homebuyers In New Jersey?
Home Ownership Tips for People Who Aren’t Married
Buying a home is a significant decision with many responsibilities and financial obligations. While it’s common for married couples to buy a home together, it’s not the only way to do it. If you’re not married and considering to buy a home with your partner, there are some important things to consider. Here are some … Home Ownership Tips for People Who Aren’t Married
The Responsibilities of a Seller at a Closing
A real estate closing is an important day, especially if you’re the seller. At the closing, a seller will transfer the property to the buyer, pay off the mortgage (if any), and receive the proceeds from the sale. However, there are some additional responsibilities you should keep in mind. What happens at a closing? … The Responsibilities of a Seller at a Closing
What is Escrow?
Through the course of any real estate transaction, you’ll hear the term “escrow” quite a bit. But what is escrow, and what do you need to know about it? Here is information to help you understand some of the basics. The General Definition of Escrow In simple terms, escrow is a legal arrangement where … What is Escrow?
The Closing Checklist
The closing is the final step in purchasing a new home. Arguably, it’s the most important event of your home buying journey. So like any important event, you’ll want to come prepared. Read on for a checklist of some things to prepare for, so you can close in confidence. Work Out and Confirm All … The Closing Checklist
Thinking About Downsizing? Here Are Some Tips
Are you considering a move to downsize from your current home? This decision is often made if you no longer need the same amount of space or want less maintenance to worry about. Whatever your reasons may be, downsizing can be a great way to improve your lifestyle and reduce your expenses. Here are a … Thinking About Downsizing? Here Are Some Tips
Are You Upsizing Your Home? Here’s What You Should Know
When you’re ready to upsize your home, there are several important factors to consider before making a move. Here are some key things you should know if you plan on upsizing. Consider Your Budget Upsizing your home typically means spending more money, so it’s crucial to consider your budget before moving. You’ll want to … Are You Upsizing Your Home? Here’s What You Should Know
Tips Every First-Time Home Buyer Should Know
Buying a home is one of the most important purchases you’ll ever make – if not the most important. If you’re a first-time home buyer, then you may be interested in learning more about the process before getting started. Here are some helpful tips for first-time home buyers. Get Pre-Approved for a Mortgage Before … Tips Every First-Time Home Buyer Should Know
What are Closing Cost Credits Issued by Sellers? Also known as “Seller Paid Closing Costs” or “A Seller’s Concession”
Closing cost credits are a way for sellers to help buyers finance certain closing costs – such as title insurance, appraisal fees, and pre-paids. Pre-paids refers to home owners’ insurance and real estate taxes. Typically a lender will not permit a credit for home inspections. Sellers may choose to offer closing cost credits for a … What are Closing Cost Credits Issued by Sellers? Also known as “Seller Paid Closing Costs” or “A Seller’s Concession”