Closing Closing (also referred to as completion, escrow, or settlement) is the final step in executing a real estate transaction. The closing date is set during the negotiation phase, and is usually several weeks or months after the offer is accepted by all parties. On the closing date, the ownership of
Effective Date The date that the last party signed or initialed any terms and/or changes in the sales contract. This is frequently the date that starts the clock on the contract’s various deadlines. Disclosures These are conditions and facts seller has to tell a prospective
From: Realtor Magazine In the absence of legislative reform by Congress, there’s only so much the Federal Emergency Management Agency can do to encourage the growth of private flood insurance. But FEMA, which oversees federal flood insurance, has come up with a few small but
Condensed from: Hot housing market: home buyers are spending more than expected Home buyers are busting budgets — and in some cases selling things they love — to snag their dream houses. A third of home buyers blew through the upper limit of what they
Condensed from: Downsizing your home: How to determine if a smaller house is the right move According to a recent TD Ameritrade Survey, 42 percent of pre-retirees are likely to downsize if they haven’t done so already. Some 25 percent of respondents are moving to a
Many people actually live in a home with mold and never realize it’s there. They ignore the warning signs until the problem reaches a point where the mold is affecting their health.Mold can trigger allergies, headaches, rashes, and asthma attacks, according to the Mayo Clinic.
Condensed from Greater Nashville Realtors, March 7, 2018 NASHVILLE, Tenn. – There were 2,466 home closings reported for the month of February, according to data provided by Greater Nashville REALTORS®. This represents a decrease of 1.6 percent from the 2,507 closings reported in February 2017. Year-to-date closings through February 2018