Real Estate Term of the Week
Appraisal Contingency: A clause in a home purchase contract that protects the buyer. It’s used to ensure a property is...
Here’s What Can Go Wrong Before a Home Closing
The process of searching for a home, negotiating the price, getting through inspections, and obtaining a mortgage is stressful enough....
Real Estate Term of the Week
Rent-Back Agreement: A legal, written agreement in a real estate transaction between a seller and a buyer. It gives sellers...
Rent-Back Agreements Can Work for Sellers and Buyers
Many home sellers face a serious time crunch when leaving one home for another. How does one vacate the first...
Real Estate Term of the Week
iBuyer: An iBuyer is a company that uses technology to make an offer on your home instantly. Models vary, but...
The Pros and Cons of Using an iBuyer for Home Selling
iBuying is a new form of buying and selling real estate that currently exists only in the nation’s largest housing...
Real Estate Term of the Week
Conforming Loan: A loan is considered conforming when it meets specific guidelines set by two government-sponsored institutions, Fannie Mae and...
Fannie and Freddie’s Loan Limits Got a Raise—Here’s What That Means
December 2019 – The Federal Housing Finance Agency (FHFA) announced that it’s raising the conforming loan limits for Fannie Mae...