Industry terms run wild in real estate, and some may seem interchangeable. This week's blog will discuss the similarities and differences between inspections and appraisals. Appraisals Lender-driven: The lender orders an appraisal to know the home's value. An appraiser will come to the house … [Read more...] about Inspection vs. Appraisal
The Most Common Closing Mistakes
“The best-laid plans of mice and men often go awry.” Robert Burns The closing process is often smooth and seamless from start to finish, but there are some things you should be aware of that may come up that you'll want to avoid to ensure that your buyers and sellers navigate the process easily … [Read more...] about The Most Common Closing Mistakes
Loan Assumptions
Ideally, a buyer enters the housing market with a pre-approved loan and searches for a home based on that loan amount with specific mortgage rates. However, with rising interest rates, a buyer may be looking for ways to obtain a lower interest rate. One of those ways is by assuming the seller’s … [Read more...] about Loan Assumptions
Seller’s Post-Settlement Occupancy Agreement (Part Two)
In our last blog, we discussed the topic of post-settlement occupancy agreements. If a seller needs to stay in the home after settlement, terms are agreed upon by the buyer and seller as to how long the seller can stay and how much the seller must pay to the buyer to occupy that space. Today, the … [Read more...] about Seller’s Post-Settlement Occupancy Agreement (Part Two)
Common Causes of Delayed Closings
You’re almost there; you’ve done all of the work, and it’s finally time for the big show…closing day. Even with all of the bases covered, there are often times when a closing gets delayed. Today, the Highland Title & Escrow team wants to share some of the most common causes of delayed … [Read more...] about Common Causes of Delayed Closings
A Smooth Search and Settlement from Start to Finish
In June of 2021, Adrienne and her husband, Matt, decided to relocate to Maryland from Chicago to be closer to family. As first-time homebuyers, they turned to Jeff Ganz, a CENTURY 21 Redwood Realty agent who has 21 years of experience in the real estate industry and serves buyers and sellers in … [Read more...] about A Smooth Search and Settlement from Start to Finish