Did you know, that something called a CLUE report can be critical when you’re buying a home? CLUE stands for Comprehensive Loss Underwriting Exchange and might also be known as a Letter of Experience or simply Property Insurance History. This report details all insurance claims made against a specific property, typically within the past 7… Read More
Real Estate Contracts
Video: Mortgage Closing Timeline Averages 50 Days
The number of days outlined in this video, to close a Real Estate Transaction, are accurate. Thanks to recent government regulations (TRID), the time to close a loan has indeed lengthened. Even though we always build this into the closing time frame in a Purchase Contract, I always explain to both Home Buyers and Home… Read More
Moving? Here’s Your Checklist!
I like the tips in the article below but I might add that for a Seller, sorting and purging personal possessions is best done BEFORE you put your house on the market. As you try to put your home’s best foot forward it’s difficult to be tearing closets, attics and storage spaces apart. In addition,… Read More
Transaction Communication Is Key to a Smooth Closing
I highly agree with the transaction tips below but my biggest concern is not so much a lack of communication as it is a lack of urgency. The dates on your contract are what make it a contract, and they probably more important than the hundreds for words surrounding them. ~Bill By Deborah Kearns If… Read More
As a home buyer, why do I need an agent?
A smarter question to ask yourself may be “Why would I not want an agent?”. Buyer representation is FREE. Paperwork and coordination of the transaction is a huge consideration as are both negotiations and legal issues. State regulations require certain forms and disclosures. Contract dates are crucial, you can “fall out of contract” simply by… Read More
Tip #7, from “A Heads-Up for Home Buyers, 11 Things You Might Not Have Thought About”
7. Only if The Price is Right. Possibly one of the most critical considerations will be your offering price. Your agent can provide not only the selling prices of similar homes in the area, but terms (foreclosure, short sale, estate sale, contingencies, etc.) under which they were sold and the condition of the sold property… Read More