Closing on a house marks the beginning of a new chapter, but the final step before becoming a homeowner includes lots of documents, signatures and fees. Here’s how it works. Closing costs are the fees and expenses you must pay before becoming the legal owner of a house, condo or townhouse. According to Freddie Mac, […]
We’ve taken a look at all the closing costs you must pay when you buy a home with all cash. The main goal of that post was to not leave cash buyers broadsided by unanticipated costs when making an aggressive offer. Given most real estate buyers need a mortgage to purchase, it is even more relevant […]
If you are working with a mortgage lender to fund the purchase of a new home, you may find that your lending institution will require you to purchase a title insurance policy. New home buyers in particular are often unfamiliar with what title insurance entails and the type of protection that it offers. However, understanding […]
As anyone who has been involved in a home sale can attest, the mountains of paperwork involved in such a transaction can feel overwhelming. No document in the sales process is as important as the purchase and sale agreement, however. Both sides need to understand this agreement completely before signing; with that in mind, here […]
A real estate lawyer works tooth and nail to document and review real estate transactions, for both buyers and sellers. These transactions include lease agreements, purchases, home inspections, and even appraisals. The lawyer also reviews any offers and makes sure that all your rights are protected and your duties are clearly defined. In case things go wrong […]
