In a monumental development that could reshape the landscape of real estate transactions across the nation, the National Association of Realtors (NAR) has reached a settlement that addresses the changes in the commission structure for real estate agents. The National Association of Realtors lost a $1.8 billion jury verdict last year and was facing other lawsuits…
Even though it’s the shortest month of the year (even during a Leap Year!), February brings forth many significant milestones. Those of us in the northeast eagerly await the Groundhog’s report hoping for warmer days ahead, many people think of February as the month of love with Valentine’s Day on the 14th, it is often…
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…
Next up in our series about real estate closings, let’s define the important terms included in the real estate contract. First, it is important to know that any contract (and any changes to a contract) for real estate MUST BE IN WRITING because of a law called the Statute of Frauds. The Statute of Frauds…
We often explain to clients that it is important to have a trusted team of professionals assisting you in all aspects of life, and real estate closings are no exception. In order to find and purchase a home, you need a solid real estate closing team on your side. Realtor Whether you are a seller…
