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Contracts What is a Purchase and Sale Agreement? Great question! What is it? The purchase and sale agreement is the contract that is used to purchase real property. What is real property? Essentially, it is dirt. Dirt in a specific area that comes with a deed to that location. It can be a house or it can be the land a house is […]
Steps of the Deal What is Earnest Money? I’m glad you asked! Earnest Money Explained Earnest money is considered to be a good-faith deposit. It shows the home seller that the home buyer is serious about purchasing their property. The amount is typically held in escrow until closing. Here is an example. Let’s say you found your perfect home and want to buy. […]
Contracts What is a Financing Contingency? Excellent question. I’m glad you asked! The financing contingency is part of the purchase and sale agreement. It is a clause that states if the buyer is unable to secure financing (e.g., a mortgage), they can terminate the transaction, and their earnest money will be returned. It is part of the financing addendum (Form 22A […]
Contracts What is a Buyer’s Agency Agreement? Great question! Thanks for asking! To get this out of the way, I am not a lawyer. I’m a real estate agent. While I use these contracts and am well versed in them, you should check with your local state laws. The United States is a Republic of States. If you haven’t noticed recently, not […]
Home Inspections What is a Home Inspection? Understanding Home Inspections in Real Estate The world of real estate is a bustling industry. Every decision can significantly impact your financial future. A home inspection stands as a crucial step in the buying process. Imagine this: You’ve found what seems to be your dream home. The location is perfect, the price is right, and […]
Home Inspections What is an Inspection Response? Great question. Thanks for asking! In the world of real estate, the journey from listing to closing is filled with crucial steps. One of these is the home inspection. Having a property inspected is vital in a real estate transaction. This process can be a turning point in any real estate transaction. It often uncovers […]
Steps of the Deal What is Mutual Acceptance? Mutual Acceptance is when the buyer and the seller have agreed on the terms of a purchase and sale agreement in a real estate transaction. Imagine you are in the market for a house. You make a list of what is important to you such as location, size, and style. Then you go to the […]
Hiring a... How Do I Choose a Real Estate Agent? Hey thanks for reading this. Great question! There isn’t a single answer to this question so I will do my best to get to the point and cover the most important aspects in hiring a realtor. If you’re the type, grab a pen and pad to take some notes. We’re going to find out what […]
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Mortgages What is a Mortgage? Hey thank you for reading this. It means you care about being informed! Mortgages Explained Simply put – A mortgage is a loan someone gets to buy a property: Typically a house or condo. Picture this. You just started the home buying process and you found the perfect property for you. It’s the neighborhood you […]
Hiring a... How to Find a Mortgage Lender Hey thanks for reading this. It means you care! Finding a mortgage lender is going to be one of the easiest steps in your real estate journey. This article will tell you what to do and things to look for. Where To Start The simplest way to find a lender is to do an Internet Search […]

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