What is Cash to Close?

The Cash to Close amount is calculated by subtracting any applicable credits, such as earnest money or seller contributions, from the total amount of funds needed to complete the transaction. The resulting figure represents the final amount of cash that the buyer needs to bring to the closing.

What Is A Mechanic’s Lien?

To initiate a mechanic’s lien, the contractor or supplier must follow a specific set of procedures, which can vary depending on the jurisdiction. Generally, these procedures involve filing a notice of claim with the appropriate government office, notifying the property owner of the claim, and giving the owner an opportunity to dispute the claim.

5 Important Questions to Ask When Buying New Construction

Buying a new home is exciting. Buying a brand new home can be even more so with the realization of being the first owner and possibly being able to choose your own layout and finishes. The prospect of owning new construction is definitely exciting, but it doesn’t come without its own set of questions.

How the Purchase and Refinance Mortgage Process Works

Determine your budget: Before you start shopping for a home, you need to figure out how much you can afford to spend. You can do this by calculating your monthly income, expenses, and debt, and getting pre-approved for a mortgage.

Purchasing A House That Requires Repairs: What To Know

If you are looking for a way to save money on the purchase of your next home, you might be thinking about buying a property that requires repairs. Keep in mind that you will not be able to move into this property right away, so is it the best option? You could open the door to unique financing options that could make it easier for you to purchase your next property.

What’s Ahead For Mortgage Rates This Week – May 1, 2023

Last week’s economic reporting included readings on home prices, sales of new homes, and pending home sales. Monthly and year-over-year readings for inflation were published along with weekly reports on mortgage rates and jobless claims.

What Does It Mean To Be In A Seller’s Market: A Brief Overview

In the realm of real estate, market conditions can differ significantly due to a variety of factors. One such state is known as a sellers’ market, which typically benefits those wanting to sell their property. Let’s dive into what makes a sellers’ market advantageous for homeowners looking to offload their house and why it’s an attractive option for buyers too.