Blog – Page 16 of 593

13 Mar 2025

The Difference Between Pending And Contingent Deals

Real EstateContingencies, Contingent Deals, Real Estate

The real estate market can be a bit confusing, especially when you encounter terms like "pending" and "contingent" deals. Understanding these terms is crucial whether you're a buyer or a seller, as they can significantly impact the progression of a property transaction. What Is a Contingent Deal? A contingent deal occurs when a seller has accepted an offer from a buyer, but the sale is dependent on certain conditions being met. These conditions, or contingencies, are clauses included in the contract that must be satisfied for the sale to proceed. Common contingencies include: Home Inspection Contingency: The buyer can back…

Homebuyer’s Guide to Pre-Paid Costs

Home Building TipsCustomer Education, Escrow, Homebuyer

Buying a home is an exciting adventure, but it’s crucial to understand all the financial aspects involved to make the process smoother. Beyond your down payment and closing costs, there are several pre-paid costs that you’ll need to address at closing. These pre-paid costs are essential to consider as you plan your home purchase. Here’s a comprehensive guide to help you understand these costs and prepare effectively. What Are Pre-Paid Costs? Pre-paid costs are expenses you’ll need to pay upfront at closing, in addition to your down payment and closing costs. These costs are designed to cover certain future expenses…

Millennials and the Pursuit of Homeownership

Homeowner TipsHomeownership, Millennials, Real Estate Goals

With rapid technological advancements and shifting societal norms, millennials find themselves facing a unique set of challenges and opportunities when it comes to securing a mortgage. The journey toward homeownership for this generation is a multifaceted one, influenced by factors ranging from soaring student loan debt to evolving housing preferences. The Student Loan Conundrum: One of the primary obstacles that millennials face when considering homeownership is the burden of student loan debt. With the rising cost of education, many find themselves struggling with substantial loan balances, which can impact their ability to qualify for a mortgage. Lenders typically assess debt-to-income…