by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
A deed establishes that a person is the legal owner of a property. When a property is sold, the deed will be transferred to the new...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
A contract is a formal agreement put in place during a real estate transaction. The contract begins when a buyer makes an offer, and both the buyer seller agree to move...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
Closing costs are fees that must be paid prior to the sale of a home. Usually, the fees include insurance fees, legal costs, and escrow fees. The closing date will be listed on the purchase...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
Closing is the final step in the real estate transaction. Depending on the type of sale, there will be paperwork that needs to be completed in order to formalize the sale. Cash purchases cut down on all of the paperwork, and streamline the process. A closing agent...
by Kayla Testaverde | Aug 29, 2022 | Real estate glossary
Banks charge fees for setting up a mortgage loan. During a traditional real estate purchase, a buyer must come up with a lump sum of money to finalize the sale. This money will be allocated to covering the cost of fees from a home appraisal, escrow costs, and legal...
