While “pre-approval” and “clear to close” may sound similar, they serve distinct purposes and signify different milestones in the mortgage approval process. Since February is known as the start of the Spring real estate market, many people are likely sprucing up to list their homes for sale and others are getting their ducks in a…
What’s As-Is Got To Do With It? In this seller’s real estate market, you may be seeing more real estate listings that include the phrase “as-is”. Typically, when a property is listed “as-is,” it implies that the seller does not want to invest time or money into addressing any problems with the property. What is…
You’ve found the house that feels like home, your offer was accepted and now you have a fully executed real estate contract. Congratulations! What happens now? These are the 12 real estate closing steps. STEP 1 – Hire a Real Estate Closing Attorney Some real estate contracts include a period for attorney review. If this…
Buying or selling a home is one of the largest financial transactions most people will ever make. While it may seem like your real estate agent is handling everything, a successful closing actually depends on an entire team of professionals working together behind the scenes. Each member of your closing team has a unique role,…
If you’ve ever bought or sold a home, you know that the closing date listed in the real estate contract isn’t always the day you actually close. While everyone hopes the transaction will stay on schedule, real estate closings involve many moving parts, and delays can happen for a variety of reasons. Understanding what the…
