Look for these hidden costs on your closing statement
Throughout the closing process, you will be given various documents, some being mandatory government disclosure documents. These disclosures…
When Selling a House, Avoid Awkward Misunderstandings Over Fixtures and Furnishings
State-of-the-art appliances, sleek lighting fixtures and tasteful window treatments can all make a memorable impression on potential home…
6 Tips to Ensure a Smooth House Closing
Real estate closings can be fraught with complications and setbacks, but they can go smoothly and quickly —…
What Should The Purchase Agreement Include?
The Purchase Agreement (or Residential Purchase or Sales Agreement and Deposit Receipt) is the overriding document that will…
Do I Live In A Community Property State?
Holding title to real property as Community Property is a type of ownership available to married couples only….
State by State Closing Guide
Here is a summary of closing practices for each of the United States. This is a general reference guide. Local practices within your city or county may differ.
How to Find Open Permits
on the Property You Want to Buy
As a potential Buyer, you may have have no reason to suspect that an outstanding permit exists on…
Facing a Foreclosure? Consider a Short Sale
Lona Hamilton had been struggling to make her mortgage payments for the last year and a half. She…
How to Use Seller Financing to Your Advantage
Seller financing can be a useful tool to not only the Buyer but also to the seller. With…
A Foreign Buyer Brings Complications to a Real Estate Deal
If you find a foreign buyer for your property, you may be concerned that selling to a non-U.S. citizen might complicate the closing process. Will additional paperwork be required? Will there be problems with clearing the buyer’s funds? Are there unusual challenges if the potential buyer intends to obtain a mortgage?
Will I Have to File a State Income Tax Return?
There are currently seven states which do not require you to file a state income tax return. States…
Will My Escrow Agent Have to Report My Sale to the IRS?
The Tax Reform Act of 1986 required anyone responsible for closing a real estate transaction, which may include…
Closing Checklists
Buyer’s Home Closing Checklist Have you made a final walk-thru inspection of the property? Is the condition of…
How Closings Are Handled State by State
Real estate closings may be handled by escrow companies, title companies, lawyers, or a combination of one or…
Can Mediation Save Our Deal?
Jack and Eliza searched Fayette county in Virginia for the right house. Not only must it be in…
How to Choose a Title Insurance Company
Choosing the right escrow officer or title attorney to handle your sale can mean the difference between a…
Steps to a Cakewalk Closing
New York Times April 27, 2012 There’s no lack of information on the Internet about real estate closings….
What Your Closing Agent Does for You
Although you may not feel you need to speak with your closing agent until you are well into…