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Understanding the Real Estate Closing Process

Closing on a real estate transaction, especially if it is your first time, can seem very complex and confusing. The linked article from Motley Fool explains the process clearly, by breaking it down into 9 easy to understand steps. The 9 Steps of Real Estate Closings

Interested in Real Estate Investing? Check Out These Tips for Getting the Best Loan Possible

If you're pondering some investments in real estate, you may also be wondering how to acquire the best possible loan for your investment properties. Be ready to work on your credit score, pay down existing debts, and get a lot of paperwork in order. This article from the Motley Fool fleshes out some of the things you need to do to start acting on...

Closing Costs: The Great Unknown of Real Estate Transactions

When I receive a call from a client and am asked to draft a real estate purchase agreement for a piece of property they are buying or selling, I am inevitably greeted with a moment of silence when I ask them how the closing costs are to be split for the transaction. The moment of silence is typically followed by these three questions: What are...

What Is Equity?

http://videotap.wistia.com/medias/ykoulo8v87?embedType=async&videoFoam=true&videoWidth=640 Equity is the value YOU own in property such as a house. It’s the difference between what’s OWED and what the property is WORTH in the current market. The example this video shows - you have a house worth $300,000 today and you...

What Are Real Estate Commissions?

http://videotap.wistia.com/medias/5vbswfz1x0?embedType=async&videoFoam=true&videoWidth=640 Like the video says - real estate agents aren’t paid by the hour!They’re paid a percentage of the purchase price in a successful real estate transaction. When one agent represents the sellers and another represents the buyers the...

What Is “Prime”?

http://videotap.wistia.com/medias/iiqlu5dn5v?embedType=async&videoFoam=true&videoWidth=640 The Prime Lending Rate - sometimes just called “Prime” - is the interest rate that banks charge each other for overnight loans. Some consumer rates - like ARMs - are set in relation to Prime. In the US, Prime is affected by...

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