Social media is one of the most hotly debated topics among nearly every generation. From its inherent benefits to its frustrations and its dangers, most of the time when you hold up social media and evaluate its merits on nearly any area of your life, asking questions like, “Is it helpful or harmful?,” or “Should
Should You Rely on Social Media to Sell Your Home? Read More »
Historical Context According to some historians, real estate open houses, or similar concepts date back as early as the 1910s. Then called an “open for inspection,” event, buyers would open their homes to the public so that interested parties could step inside and inspect the home’s features. Over the next 20-30 years, a variation of
Are Open Houses a Thing of the Past? Read More »
Within the last 12-18 months, the national real estate market has experienced historic, nearly unprecedented trends. Home buyers have foregone inspections and appraisals. Sellers have gotten multiple offers even before a multiple listing service (MLS) link goes live. They have offered over asking price, putting large sums of cash to cover a sale beyond what
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Over the past few years, with the pandemic, and in particular the supply chain issues that have affected both the cost and availability of materials for new build construction homes, more people than ever have been buying older, existing homes. Additionally, with the unprecedentedly hot housing market, many people are considering striking while the iron
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Whether you are on the buying or selling end of a real estate transaction, the transfer of ownership of a home is likely one of the largest financial transactions most people encounter in their lifetimes. For this reason, it is important to understand the most common fees when buying or selling a home. Seller Costs
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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
What Happens at a Real Estate Closing? Read More »
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
Dos and Don’ts of Staging Your Own Home Read More »
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
Is Seller Financing Actually a Viable Option? Read More »