What is Earnest Money, Exactly?

What is Earnest Money, Exactly?

Buying a home is an expensive investment. From paying appraisal fees, inspectors, and purchasing a title insurance policy, there are many closing costs to be aware of. When buying a home in a tight housing market, one cost you may have not heard of is earnest money,...
What is Escrow on a Mortgage and How Does it Work?

What is Escrow on a Mortgage and How Does it Work?

If you’re using a mortgage to purchase a home, you’ve probably heard the word “escrow” used in a few different contexts. In most cases, your lender will require you to have an escrow account before continuing with the mortgage process. But what...
How to Compete in a Tight Housing Market

How to Compete in a Tight Housing Market

Demand for housing is at an all-time high. When the marketplace is hot, buying a home can become a frustrating experience. You fall in love with a house, only to find out you weren’t the first bidder, sometimes many times over. In some locations, property sells within...
How to Win the Home Buying Bid During the Pandemic

How to Win the Home Buying Bid During the Pandemic

While much of the economy crashed during the beginning of the pandemic that has so far claimed 170,000 American lives, real estate is booming. The average U.S. home price rose 4.2% in May, compared to the same time last year. Buyers are concerned about the unstable...