When it comes to purchasing a home, you cannot overlook the importance of purchasing homeowners insurance before closing. If you’re taking out a loan, your lender will most likely require it – but even if you’re paying cash, it’s a must. Homeowners insurance protects your biggest investment against losses and damage caused by accidents
Closing costs are part of every real estate transaction. When you’re selling a duplex, triplex, fourplex or single-family home, you’ll be responsible for paying for some – or all – the closing costs associated with your transaction. What Are Closing Costs in a Real Estate Transaction? Closing costs are the fees associated with selling
Now that everything is done, it is time to close the deal. But before you do that, your agent will have opened an escrow account. About Escrow After you and the seller have signed the purchase agreement contract, your REALTOR® can open escrow with a licensed title company. The title company acts as an
Most real estate transactions include contingencies – conditions that must be met to close the deal. One of the most common real estate contingencies involves home inspections, which are designed to protect buyers from purchasing a property that has major issues. Here’s what you need to know. What is an Inspection Contingency? When someone
When you find a multifamily property that appears to be a great investment, your Silicon Valley REALTOR® will help you prepare an offer – but how do you put in a winning offer that sellers are ready to accept right away? This guide explains. Making an Offer: How to Get the Multifamily Property You
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