Earnest Money Defined If the word “earnest” is defined as showing sincere and intense conviction, then “earnest money” can be considered the good faith deposit in a real estate transaction that shows a buyer’s sincere and intense conviction (interest) to purchase the home upon agreement of a signed contract. Essentially, earnest money is a deposit […]
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Escrow Defined Escrow is a legal arrangement in which a third party temporarily holds money or property until a particular condition has been met (such as the fulfillment of a purchase agreement). Who Is Involved with Escrow? There is a litany of people who are involved when it comes to escrow. First, there is the
When you envision a real estate closing you may think back to movie images or your own past experiences where there are lots of people wearing suits, oversized mahogany tables, and fancy pens held by buyers and sellers who are signing paper documents ad nauseum. While it’s true that some in-person closings still involve big
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With the rise of home viewings being available through photographs, high-quality video, and live virtual tours, getting the right visual representation of your home is perhaps more important than ever. Whether a person physically steps through your front door or sees a listing online, setting the right first impression is of utmost importance. One of
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Today’s real estate market has seen some historic markers. Home prices are inflated in many areas. Some experts say that this is due to fewer new construction homes being built as well as national shortages of building materials, thus causing the supply of existing homes to be in high demand. When conditions such as these
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As potential home sellers head into the autumn months, it’s a smart move to make sure your agent plans to do a video tour of your home this season. Even if you don’t have plans to list your home until the later winter months or closer to a December PCS, below are four reasons why
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These days, homeowners are considering all kinds of options when it comes to making their home investment work harder for them. Whether it is the ever-changing real estate market demands or simply looking for creative ways to put your dollars to work, turning your home into an income-generating property may just be easier than you
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You’ve likely heard the phrase, “You get what you pay for.” Most often this phrase is used when someone doesn’t pay much if any money for a good or service and they’re left with the realization that their outcome is subpar as well as mounds of regret. Think of the example of cutting your partner’s
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Whether in-person or online via digital home tours or pictures it is vital to put your home’s best face forward. From the outdoor first impression to the less likely to be seen indoor areas below are seven tips to make sure prospective buyers see your home in its most appealing light. Clear Clutter If you
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The field of real estate is just like any other industry that continues to evolve. To maintain relevancy and utility, agents must continually assess and respond to the industry’s needs and demands. Nowhere is this more true than in the realm of technology. Real estate professionals can provide innovative solutions to their clients by staying
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