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Real Estate Term of the Week

Expired Listing: When a seller contracts with an agent and broker to sell her home, the listing agreement contains a set expiration date. A listing expires when this expiration date has passed without the...

Real Estate Term of the Week

Discount Points: A type of prepaid interest or fees mortgage borrowers can purchase that lowers the amount of interest they have to pay on subsequent payments. Each discount point generally costs one percent of...

What You Need to Know Before Refinancing

Refinancing your mortgage is an opportunity to reduce home ownership costs. But with so many mortgage products available, it’s easy to get confused on which is right for your situation. Also, refinancing comes with...

Real Estate Term of the Week

Pending – Will Accept Backup Offers: An offer has been accepted and the home is undergoing steps toward a closing. The seller can accept backup offers in the event the deal runs into a...

How to Work with Your Realtor®

If you’re shopping for a home, you’ve likely enlisted a Realtor®. The home buying process can be fun, frustrating, daunting, confusing, exciting, and many other conflicting emotions. Your Realtor® is much more than a...

Real Estate Term of the Week

Leverage: is the use of various financial instruments or borrowed capital to increase the potential return of an investment. When you borrow money, you only need to pay interest on it, and now you...

Real Estate Term of the Week:

Pre-qualification: An informal estimation of how much a homebuyer can afford. The main difference between pre-qualification and pre-approval is that the lender doesn’t yet verify any information the borrower provides for a pre-qualification. Lenders...

Will an Open House Sell My Home?

Holding an open house has been a marketing tradition for decades in the real estate industry. You open up the home with hopes that a flood of potential buyers will come see what your...