Tips For Buying a Home in The Suburbs One of the questions many buyers will ask themselves is should I buy a house in the suburbs or remain in the city. A Real Estate agent will also be questioned about the housing market and home prices in the suburbs vs. the city. It is not […]
How Long Does Closing Day Take on a House?
Buying a house for the first time is filled with excitement. As closing day approaches the suspense can be stressful. On the one hand, you’re thrilled to have your own home, but on the other hand, you’re worried about the new financial responsibility. You’ve already gone through the hard part of getting pre-approved, making an […]
Difference Between a Listing Agent and Selling Agent
Listing Agent vs. Selling Agent In real estate sales, there are many terms that can confuse consumers. The jargon used in the industry almost seems endless. Unfortunately, many real estate agents forget that buyers and sellers don’t always know our terminology. Most don’t know there is a difference between a Realtor and a real estate […]
What is a Condemned House and What Happens to The Owner
If you are the owner of a condemned property, you may wonder what will happen to your house. Condemned houses often bring a certain amount of curiosity. You may have even driven by condemned houses with signs saying as much. There are likely no trespassing signs to keep people away from what could be a […]
Buyer’s Market vs. Seller’s Market: What is The Difference
Buyer’s Market vs. Seller’s Market One of the questions real estate agents get asked is whether it is a buyer’s or seller’s market. A buyer’s market is characterized by high inventory and lower demand for housing. A seller’s market is just the opposite. There is low inventory and high demand. Over the last few years, […]
What is a Kick Out Clause in Real Estate
Have you heard the term “kick-out clause” and wondered what it meant? In many home sales, time is essential. The seller might need their buyer to close on the home in a certain period. The problem is that many things often get in the way of things going the way you want. Often contingencies can […]
Comparing and Contrasting a Comparative Market Analysis vs. Real Estate Appraisal
Appraisal vs. Market Analysis Specific real estate terms can be confusing when buying or selling a home. Sometimes they seem to mean the same thing but is that the case? The perfect example is a comparative market analysis and a real estate appraisal. Many buyers and sellers will ask a real estate agent, “is a […]
The Two Most Common Contingencies in Real Estate Sales
Most purchase agreements are contingent on which two items? Do you know the answer? Another way of asking the question is, which are the two most important types of contingencies in an offer to purchase? Many real estate agents will be asked this question. Most real estate contracts have two standard contingencies. When buying or […]
What is The MLS in Real Estate: Multiple Listing Statuses Explained
Real estate can be confusing when you’re not practicing it every day. As real estate agents, we sometimes think consumers understand all the nuances of our business. Real estate terms are often used as a standard part of everyone’s language. Unfortunately, that is not the case. There are many meanings of things that escape the […]
Earnest Money vs. Down Payment: The Differences Explained
Earnest Money vs. Down Payment The earnest money vs. down payment question comes up quite a bit in real estate sales. If you are a first-time buyer purchasing a home can be mysterious at times. There are many terms and procedures that can be confusing unless they are explained. There are many important mortgage terms […]