How home appraisals work

How home appraisals work

Anyone who has mazed through the home-buying or home-selling process is aware that an appraisal is a crucial step toward a successful transaction. The process and its purpose, however, aren’t entirely crystal clear, particularly among first-time homebuyers. A real...
Basics on how seller concessions work

Basics on how seller concessions work

As the market shifts to more of a buyer’s market, sellers are starting to offer seller concessions to help close deals. Here is how they work. Seller concessions in a nutshell Sellers agree to pay part of the closing costs when making a seller concession. It’s not...
What to expect during the underwriting process

What to expect during the underwriting process

The least visible part of buying a home is the underwriting of a mortgage loan. While homebuyers have the task of locating the perfect home, making an offer and pushing through the negotiation stage of the process, underwriters are hard at work on the loan details....
Your mortgage received pre-approval! Now what?

Your mortgage received pre-approval! Now what?

There could be no more exciting news than getting a lender pre-approval for a mortgage to purchase the home of your dreams. A lot of work went into getting this far. And the reality is, there’s still a lot of work ahead once a homebuyer is pre-approved for a loan....
How to bring your home’s outdoor space alive

How to bring your home’s outdoor space alive

Nothing quite beats spending time at home in your outdoor space for relaxation or gatherings with your family and friends. While summer is coming to a close, it’s never a bad time to think of ways to enhance your backyard, patio and other outdoor areas. Whether you’re...