Real estate commissions are a percentage of the money made from a home sale taken by real estate agents. Because commissions are a percentage,...
What Are Real Estate Commissions?
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Home Buying Tips
The Difference Between Contingent vs Pending in Real Estate
Contingent and Pending are both statuses you’ll see on a home listing when an offer has been made, but they mean different things legally. Pending...
Foundation Cracks – When to Repair and When to Sell
If you’ve found your home has a cracked foundation, you’re likely wondering how bad it is and how much it will cost to fix it. The good news is that...
Real Estate Deeds: The Types and What They Mean
Deeds are legally binding documents which transfer ownership of property from one person to another. It’s important for you whether you're a grantor...
The Difference Between Grantor vs. Grantee in Real Estate.
In real estate, the difference between grantor vs. grantee is that the grantor is the person who transfers a property they own to a grantee, the...
What is title insurance?
Title insurance is an insurance policy that protects a homeowner or lender if somebody puts a claim against the property being purchased. Title...
What is a Probate Sale in Real Estate?
A probate sale in real estate is when a house belonging to a deceased person is being sold; ‘probate’ being the legal process after someone dies. In...
What is a Distressed Property?
A distressed property is a home where the homeowner has fallen behind on a few (usually three) mortgage payments to their lender, or there is an...
What Is a Lien On a Property?
A lien on a property (a property lien) is a legal claim placed by a creditor to hold your property as collateral for missed payments. A lien is...
What is a HUD-1 Settlement Statement and Other FAQs
A HUD-1 Settlement Statement is a document you get one day before closing on your mortgage. The document lists all of the charges and credits which...