Realtor

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In most cases sellers will ask for a good faith deposit which is also called earnest money. This safeguards the interests of both the seller and the buyer. Earnest money shows the seller you’re serious about buying the home, which can be reassuring to them if they agree to take the house off of the market while awaiting the appraisal and inspection results. #joepratherrealtor #whosnextrealestate #realestateagent #RealEstateInvestor #realestatelife #realestatemarketing #realestateagents
Remodeling and renovating your home can make your home more enjoyable, and— if done right—increase your home’s value along the way. If you are thinking about boosting your home's value, contact me today!
To calculate your equity at any given time, you’ll need to know the value of your home. Only a home appraisal can determine what your home is worth in today’s market. You can also estimate your home’s value by looking at comparable home sales in your area or by checking with online real estate listings that provide home value estimates. #joepratherrealtor #whosnextrealestate #realestateagent #RealEstateInvestor #realestatelife #realestatemarketing #realestateagents #realestateadvice
Funds or assets held in escrow are temporarily transferred to and held by a third party, usually on behalf of a buyer and seller to facilitate a transaction. It’s used in real estate transactions to protect both the buyer and the seller during the home buying process. Throughout the term of the mortgage, an escrow account will hold funds for taxes and homeowners insurance. #joepratherrealtor #whosnextrealestate #realestateagent #RealEstateInvestor #realestatelife #realestatemarketing
When buying a home, it pays to make sure you have all the information you need to make an informed decision. During the due diligence stage, you'll want to give every aspect of the transaction a once-over before closing. Among other things, you will want to review your appraisal and inspection before the due diligence period ends #joepratherrealtor #whosnextrealestate #realestateagent #RealEstateInvestor #realestatelife #realestatemarketing #realestateagents #realestateadvice
Pre-approval is as close as you can get to confirming your creditworthiness without having a purchase contract in place. You will complete a mortgage application and the lender will verify the information you provide. They’ll also perform a credit check. If you’re pre-approved, you’ll receive a pre-approval letter, which is an offer to lend you a specific amount, good for typically 90 days. #joepratherrealtor #whosnextrealestate #realestateagent #RealEstateInvestor #realestatelife
ontingent means “depending on certain circumstances.” In real estate, when a house is listed as contingent, it means that an offer has been made and accepted, but before the deal is complete, some additional criteria must be met. For instance, if a seller offers a certain price and you, as the buyer, say the price is fine (provided the home inspection comes back clean), you have made a contingent real estate contract. #joepratherrealtor #whosnextrealestate #realestateagent #RealEstateInvestor
When buying a home, it pays to make sure you have all the information you need to make an informed decision. During the due diligence stage, you'll want to give every aspect of the transaction a once-over before closing. Among other things, you will want to review your appraisal and inspection before the due diligence period ends. #joepratherrealtor #whosnextrealestate #realestateagent #RealEstateInvestor #realestatelife #realestatemarketing #realestateagents #realestateadvice
Would you make an offer on a home you haven’t seen in person? Blind offers grew in popularity in the height of COVID, but are often used in cross-country moves and within communities like the military where seeing a property in person is difficult to coordinate. #joepratherrealtor #whosnextrealestate #realestateagent #RealEstateInvestor #realestatelife #realestatemarketing #realestateagents #realestateadvice #realestateforsale #realestateexperts #realestateexpert #realestateteam
When applying for a mortgage, the down payment is your contribution toward the purchase and represents your initial ownership stake in the home. The mortgage lender provides the rest of the money to buy the property. Lenders require a down payment for most mortgages. However, some types of loans backed by the federal government, like VA loans, may not require down payments. #joepratherrealtor #whosnextrealestate #realestateagent #RealEstateInvestor #realestatelife #realestatemarketing