Real Estate Transactions

Making an offer on real property is a formal process. Once buyers make an offer, they may have an obligation to follow through with the transaction should the seller accept their offer. Choosing how much to offer for each property is important for buyer protection....

Closing day marks the finish line for your home sale, but it can still test your patience if last-minute issues appear. Even when you follow every step, a few common surprises may still stall the process. Here’s what causes those delays and how you can prevent them....

Contingency clauses in your home purchase agreement are meant to protect you as a buyer. They give you the right to back out or renegotiate the deal if key conditions aren’t met, such as securing financing, getting a clean inspection or meeting appraisal requirements....

There are many important steps required to complete a real estate transaction between a seller accepting an offer and closing. Many of those steps exist for the protection of mortgage lenders. It is common practice for banks and other lenders to require inspections...

Buying a home is a major purchase, and it’s one that often can’t be handled in cash. If you’re a new homebuyer, you should explore the available options to ensure that you’re choosing the one that’s best for your interests.  One option that’s available is a mortgage...

Buying or selling a home involves a number of moving parts; one key element is the escrow process. Escrow acts as a neutral holding space for funds and documents until all requirements of the sale are met. It plays a vital role in helping to ensure that both the buyer...

If you have found a home you want to buy, then it is crucial to remember that you should never rush to sign the contract. The realtor may be pushing you to get the sale over the line (and get their commission guaranteed) with tales of other buyers waiting to pounce...

There are several digital platforms dedicated to renting vacation homes. Many people have dealt with invasive hosts and surprise fees. Ultimately, acquiring a vacation home at a preferred destination could be a much more cost-effective and convenient solution than...

Buyers on the real estate market often worry about how much home they can afford. Especially if they have never bought real property before, they may bid more than they can afford on a property. Mortgage pre-approval does not always mean that buyers have enough funds...

Closing costs are an important part of a residential real estate transaction. It’s important for both buyers and sellers to understand that these costs may need to be covered at that time. This goes beyond long-term costs like future insurance payments or mortgage...