Whether you’re upsizing, downsizing, or relocating out of state, homeowners will inevitably need to sell their home. Regardless of your situation, two key questions will always arise: What’s the selling price? How long will it take to sell? Market Conditions Real estate professionals employ various methods to estimate a property’s market duration. A significant approach…
In a speech given recently to a housing industry group, Michael Stegman, assistant Treasury Secretary for Housing Finance Policy, made a plea for renewal of the Mortgage Forgiveness Debt Relief Act, which expired at the end of 2013. The act, first passed in 2007 and extended in 2009 and 2011, is what is commonly called…
A buyer, seller and lender have certain biased interests in any real estate transaction. Escrow is a nonbiased entity that protects all parties. This is why escrow was developed. As a buyer, seller, or lender, you want to be certain all conditions of sale have been met before property and money change hands. Escrow is…
