Category: Buying

 
 

What Is an Escrow Period?

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…

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What Is a Contingency? 

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…

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Why Do Mortgage Rates Change?

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…

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What Is an Appraisal? 

Estimated reading time: 1 minute An appraisal is a written report by a qualified professional (appraiser) estimating the value of a property. During the appraisal process, appraisers…

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