What Does Close Plus 30 Days Mean? When selling or buying a home, the seller will often times need what’s called occupancy, which means that they will need to occupy the home after closing. This could be a period of 30 to 60 days, typically because after 60 days, it becomes an investment property for […]
Is It A Good Idea To Assume A Mortgage?
Is It A Good Idea To Assume A Mortgage? Does assuming a seller’s mortgage make the most sense when purchasing a home? Well, if you’re in a market where the interest rates are higher and the seller’s interest rates are much lower, that can be very incentivizing for you as a buyer to do so. […]
What Are Gift Funds?
What Are Gift Funds? Sometimes when purchasing a home, a buyer will choose to get gift funds from typically a family member, in order to help them with their down payment and or closing costs. For example, the buyer needs about $5,000 just in order to make sure they have enough money to close. And […]
Can I Put My Spouse On Title But Not On The Mortgage?
Can I Put My Spouse On Title But Not On The Mortgage? Often when spouses are looking to purchase a home, there can be a situation where one of the spouses is actually going to be the one that’s in the financial position to purchase the home. And so therefore, the other spouse will not […]
What Is A Bridge Loan?
What Is A Bridge Loan? If you need to sell your home in order to purchase your next home, one thing to keep in mind is that you can do what’s called a bridge loan. And what this is, essentially, is that it allows you to purchase another home first before actually closing on the […]
What Should I Fix With My Home Before Selling?
What Should I Fix With My Home Before Selling? When selling your home, the amount of repairs or updates that you may want to consider doing will really greatly depend on the market that you’re in. And there are three examples I’m going to give you that no matter what market that you’re in, you […]
What Realtors Don’t Know About The Home Inspection?
What Realtors Don’t Know About The Home Inspection? A lot of realtors don’t realize they could be setting up their sellers for failure as a result of the home inspection period. And this is because what happens usually during a private home inspection, there are many things that come up that the buyer may want […]
Is Now A Good Time To Buy A House In Michigan?
Is Now A Good Time To Buy A House? For many years it’s been a seller’s market in Michigan and it currently continues to be a seller’s market. So most people know that it’s a good time to sell a house but is it a good time to buy a house? I’d say it depends […]
What Does Clear To Close Mean?
What Does Clear To Close Mean? What does clear to close mean? Well, in a real estate transaction, there’s many processes that you have to get through in order to close on your new home. And you can call these hurdles and all that other stuff, but in reality everyone including the agents, the title […]
Who Pays Home Appraisal?
Who Pays Home Appraisal? In a traditional real estate transaction, it is often the buyer’s responsibility to pay for the home appraisal because they are the ones who are getting the mortgage and their lender makes a requirement for them to have the home appraise to determine if the value was there in order for […]
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