What Does Equity Mean in Real Estate? Real Estate Equity is the difference between the current market value of your property and the amount you owe to your lender on the mortgage. If you were to sell the home, the equity would be the money you would receive after you...
Earnest money is the deposit you make on the property when you submit your offer. Earnest money proves to the seller that you are serious about wanting to buy. When your offer is accepted, the deposit will then be made, usually to the Title Company that will be...
What is a loan escrow account? A loan escrow account is an account that is established by your lender to pay your real estate property taxes, homeowner’s insurance and mortgage insurance on your behalf. The escrow account needs to be reviewed each year as the...
Your original offer is often rejected for one reason or another. But do not let that stop you, you must counter offer and counter offer again. This is the point where negotiating begins. I will help you to succeed. You may have to offer more money or change other...
Closing costs are fees paid at the settlement of a real estate transaction. Settlement or Closing is when the title to the property is conveyed (transferred) to the Buyer and the Seller is paid. Closing costs are usually incurred by both the Buyer and the Seller....
