Posts Categorized: Real Estate Education

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Getting to Closing – Whatever it takes!

Keeping a deal together now more than ever requires that agents remain professional, emotionally unattached and in constant communication with the other agent.  Follow through is key.  One way to be sure a deal falls apart is to leave it only in the attorneys’ hands.  Attorneys don’t often understand the client well enough to represent… Read more

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Title Insurance Explained

What is Title? The word “title,” can mean a number of things. In real estate, “title,”refers to one’s right to ownership, or any form of evidence of land ownership. Title is your rights to the land and improvements.  What is Title Insurance ? Title insurance is a protection mechanism that will protect you against any kind… Read more

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What Happens During a Real Estate Closing?

Did you ever wonder what happens at closing in a real estate deal?  Many think of it as a time where a bunch of documents are signed.  What does the signing of the documents actually accomplish? Officially, a closing is the culmination of the entire real estate transaction and here is what happens: Documents that tranfer… Read more

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Thinking of Buying a Home or Condo? Read These Tips on Obtaining a Mortgage

HOW MUCH MORTGAGE CAN I AFFORD? Lenders look at  ratios when they consider your application for a mortgage loan. A debt-to-income ratio is your monthly expenses compared to your monthly gross income. Lenders consider two ratios for your application: Monthly housing expenses as a percentage of income Total monthly debt as a percentage of income… Read more

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How to Purchase a Foreclosed Property – The 203K Loan

Often times, when purchasing a foreclosed property, a buyer is unable to obtain traditional financing because a property is being sold in “as is” condition and is not considered ready to occupy by traditional lenders.  There is little or no negotiation room to get the seller, who is a bank, to make the improvements necessary to… Read more