by Alicia Persson | Mar 12, 2024 | Real Estate Education
What is Due Diligence in Real Estate? Due diligence is an integral part of the real estate process in which buyers and sellers ensure that they make an informed decision in their property purchase or sale. When done correctly, due diligence protects buyers and sellers...
by Amalia Graham | Jan 24, 2024 | Real Estate Education
What is the MLS? – Multiple Listing Service Defined, and More Real Estate Terms Are you new to the real estate industry? Are you an up-and-coming real estate professional, or an individual looking for homes for sale, rentals, or to sell your own home? Learning...
by Alicia Persson | Nov 13, 2023 | Real Estate Education
The Advantages of Renting a House In this complicated real estate landscape, high interest rates meeting high home prices are pushing many would-be homeowners out of the market. This means that these people will need to live in rental properties as they make their...
by Alicia Persson | Nov 1, 2023 | Real Estate Education
How do you get out of a renter’s lease? When you sign a lease agreement, there is no crystal ball to predict the future. Though you have plans to commit to a lease, sometimes circumstances can make the early termination of a lease necessary. Whether you just got a...
by Serena Yan | Oct 23, 2023 | Buying Homes, Real Estate Education
How much does it cost to build a house? Before you embark on the exciting journey of building your dream home, it’s important to know the cost of building one and the expenses to expect after you move in. But since home building is such a niche topic, it’s nice to get...
by Alicia Persson | Oct 5, 2023 | Real Estate Education
Can a seller stay in their house after closing? People often wonder if they can stay in their house after its closing date. The short answer is yes, this is possible when your real estate agent puts a sale-leaseback in the sales contract. Today we’ll talk more about...
by Alicia Persson | Sep 19, 2023 | Buying Homes, Real Estate Education, Real Estate Trends
Doubled interest rates compared to 2022 have raised a big question for homebuyers: how to buy a home in today’s market? Much has changed even this calendar year, going from a fervent seller’s market to one in which buyers have more leverage. However, on the flip side,...
by Alicia Persson | Sep 14, 2023 | Buying Homes, Real Estate Education
Looking for ways to avoid a home bidding war was a common question during the red-hot seller’s market of 2022. And though augmented mortgage interest rates have cooled the frenzy across the board, experts say it’s still common to get into a bidding war in high-demand...
by Serena Yan | Sep 6, 2023 | Buying Homes, Real Estate Education, Real Estate Finance
When the real estate market cycles into a competitive seller’s market, many homebuyers must deal with something called an “appraisal gap.” What is it and how can you make the best moves during the home buying process? What is an appraisal gap? An appraisal gap is the...
by Alicia Persson | Jul 11, 2023 | Real Estate Education
Seller concessions are closing costs and other homebuying-related expenses that the seller agrees to pay on behalf of the buyer. The seller can either pay a percentage of the total closing costs or contribute toward specific line items in the loan estimate (at the...
by Alicia Persson | Jun 16, 2023 | Buying Homes, Real Estate Education
What is a Buyer’s Market? What is a buyer’s market? A buyer’s market is a term used in real estate to describe a market condition in which buyers typically have the upper hand. In general, there are more properties for sale than available buyers. In...
by Alicia Persson | May 3, 2023 | Buying Homes, Real Estate Education, Real Estate Finance
Down Payment Help in Michigan Every state has unique programs that can help homebuyers access funds to buy a home. Instead of reinventing the wheel, The Mortgage Reports made a comprehensive list of homebuying assistance and grant programs for all 50 states. When it...
