Estimated reading time: 7 minutes Now that you’ve decided to put your house on the market, you have to make it presentable and welcoming for potential buyers. Even if your home is…
Category: Buying
The definition of “escrow account” depends on its use. For homebuying purposes, an escrow account generally refers to an account held by a neutral third party (such as a title…
Estimated reading time: 1 minute For home purchasing purposes, an escrow period refers to a period of time when the funds and documents necessary to fulfill a homebuying contract are…
A contingency is a section in a real estate contract, set by either the homebuyer or seller, that outlines a condition that must be met before the contract can be fulfilled. Many…
An earnest money deposit, often just called earnest money, is an amount of cash that a potential buyer agrees to pay soon after their offer on a home is accepted. It’s provided as a…
Estimated reading time: 5 minutes As mortgage rates have gone up, so has the popularity of temporary mortgage buydowns. Temporary buydowns allow homebuyers to lower a mortgage rate…
Estimated reading time: 5 minutes There were more than 18 million veterans in the U.S. in 2023, according to the Department of Veterans Affairs (VA). If you’re one, there…
Estimated reading time: 3 minutes After watching mortgage rates hit record lows during the pandemic and then tick up, you may be wondering, “Why do mortgage rates change?” In…