Posts with tag 'Real Estate Basics'
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19
How Long Will It Take to Purchase a Gulf Coast House?
Gulf Coast homes throughout Mobile and Baldwin County are in high demand. Through all the twists and turns the housing market has offered over the last few years, buyers continue to be attracted to the beautiful nature, strong local economy, good amenities, and relatively low cost of living.
22
Alabama Gulf Coast Real Estate: Navigating a Seller's Market
The housing markets in Mobile and Baldwin County, Alabama, have been firmly trenched in a seller's market since the post-Covid rebound; meaning the demand for homes is surpassing the inventory of homes available.
22
Real Estate Basics: What Is Due Diligence?
If you've ever had a contract accepted for the purchase of the house you want to call home, then you know what a relief it can be. It's a major portion of the home buying process that you can cross of the to-do list.
But what comes after? It's easy to forget that the contract being accepted is the beginning of another portion of the home buying process. During escrow, the time between a contract acceptance and closing, is when buyers must do their due diligence. Due diligence is essentially making sure you want to actually buy the property by having it inspected and researched.
Alabama is a buyer beware state for existing home sales, which means exactly what it sounds it does.
11
Real Estate Basics: What is earnest money?
With all of the moving parts surrounding, well – making a move, the financials can quickly become confusing. One of the often-overlooked portions of purchasing or selling a home is earnest money.
Earnest money is essentially a deposit on the home you would like to purchase. Because a seller removes her property from the market while the closing process is completed, earnest money is seen as a good faith deposit that a buyer intends to carry through with the purchase. If the closing isn't completed, the seller would keep the earnest money unless an issue arises that was outlined as a reason to return the money to the buyer in the purchase agreement.
Most often those pre-outlined issues that would return earnest money are issues with financing, app...
3
Real Estate Basics: How are REALTORS® paid?
Did you know that if you are purchasing a home that you typically do not pay your real estate agent?
Working with a REALTOR® can seem confusing, particularly when it comes to how the agent will be paid — and who will cover the cost. While your agent is there to guide you through the real estate process, sometimes it's difficult to even know what specific questions to ask. Check out the answers to common questions below so that you can approach buying or selling a home with confidence.
How much are REALTORS® paid?
REALTORS® are paid a commission onc...
