Terms & Fees Associated with Purchasing a Home Part 2

5. Title When purchasing a home, the purchase is not simply about the hard assets or the building itself; the buyer is actually purchasing the legal rights to the land upon which the home rests. These legal rights are described as the title, which is the legal ‘slate’...

Inventory Grows and Prices Also

Key Findings: The median listing price grew by 15.8 percent over last year. This marked the 21st week of double-digit gains for the typical home asking price.  Last week’s Fed announcement of higher short term rates was widely expected, but mortgage rates still...

Real Estate Terms Buyers Must Know

One thing is for sure: there is no sure. Inventory shortages, higher mortgage rates, inflation, and a whole lot of uncertainty is impacting this market on a daily basis! Right now, there is a redirect of a certain percent of buyers due to the accelerated prices over...