23 Jul 2024
By RESCO Realty

Why Acting Now Matters in Today’s Real Estate Market

Real Estate, ,
In recent months, the real estate market has been a whirlwind of activity, with home prices steadily climbing and buyer demand outpacing available inventory. This dynamic landscape presents a crucial question for prospective homebuyers: is waiting to purchase a home a wise decision, or could it cost more in the long run? Rising Home Prices One of the most notable trends in the current market is the consistent rise in home prices. Month over month, year over year, the cost of homes continues to climb. This upward trajectory is fueled by a combination of strong demand and limited supply. The…
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16 Jul 2024
By RESCO Realty

When to Ask for Repairs vs. Taking a Credit

Mortagage Tips, ,
Buying a home is a significant investment, and ensuring the property is in good condition is crucial. There are times when asking the seller for repairs is the best course of action, but in other situations, requesting a credit may be more beneficial. Understanding when to choose each option can help you navigate the buying process more effectively. The Impact of Loan Types on Repairs Certain loan types, such as Federal Housing Administration (FHA) and Veterans Affairs (VA) loans, require the home to meet specific condition standards. If the house doesn’t meet these standards, the loan could be rejected. This…
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12 Jul 2024
By RESCO Realty

Understanding the Different Types of Deeds in Real Estate

Real Estate, ,
Buying or selling real estate involves a lot of paperwork, and one of the most critical documents in these transactions is the deed. A deed is a legal document that transfers ownership of property from one party to another. Understanding the different types of deeds is essential to ensure you make informed decisions in your real estate transactions. 1. General Warranty Deed A General Warranty Deed offers the highest level of protection for the buyer. This type of deed guarantees that the seller holds a clear title to the property and has the right to sell it. It also assures…
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