Posts Tagged ‘buyer tips’
What is an Earnest Money Deposit When Purchasing a Home?
When you’re buying a home, you’ll often hear the term earnest money deposit—but what does it actually mean? An earnest money deposit is the money a buyer submits when the purchase and sale contract is signed. It shows good faith and te...
What is an Escalation Clause When Making an Offer on a Home?
When you’re making an offer on a home, especially in a competitive market, you may hear the term escalation clause. Here’s what it means and how it works: An escalation clause allows a buyer to automatically increase their offer price...
Protect Yourself from Wire Fraud When Purchasing a Home!
🏡💸 Buying a home? Don’t let wire fraud steal your dream. Wire fraud is one of the biggest scams in real estate—and it usually hits right before closing when emotions (and money) are high. Protect yourself with these smart moves 👇 ...
Buying a house while renting? Read this before you give notice to your landlord.
🏡 Buying a house while renting? Read this before you give notice to your landlord. One of the biggest questions I get from buyers is “When should I tell my landlord I’m moving out?” The short answer: not too early. 📄 Step ...
What is an Appraisal Waiver with Fannie Mae and Freddie Mac?
🏡 What is an appraisal waiver with Fannie Mae and Freddie Mac? When you’re buying a home with a loan backed by Fannie Mae or Freddie Mac, an appraisal waiver means the lender may not require a traditional appraisal. Instead of sendin...
Should You Perform Water Tests When Purchasing a Home?
Water testing should be considered when purchasing a home. Water testing looks for contaminants you can’t see, smell, or taste. This can include coliform bacteria, E. coli, nitrates, arsenic, lead, iron, manganese, and other naturally occurri...