July 6th, 2022 at 11:00 am
There are many stages to buying or selling a home. For sellers, the process begins when you first decide to sell and start readying your home for inspections, appraisals, and viewings. For buyers, it begins when you start looking at listings, considering your funding options, and visiting potential properties.
(more…)July 4th, 2022 at 11:00 am
Acceleration is a word we generally associate with speed. You hit the accelerator of your car and take off, adrenaline flowing, heart pumping, as you start flying down the open road.
An acceleration clause in real estate may also get your adrenaline flowing and heart pumping, but for different reasons.
So what is this acceleration clause real estate? At its most basic level, it’s a part of your mortgage that allows your lender to call in the entirety of the loan. Unlike amortization in real estate, that means you have to pay everything now. Thankfully, there’s a bit more complexity and lenders can’t just trigger an acceleration clause on a whim. Let’s look at some of the details of how mortgage acceleration clauses in real estate work.
(more…)May 9th, 2022 at 11:00 am
Apartment hunting can seem like a full-time job. You scan the online listing services between work meetings, show up to every open house, and follow up with brokers. Yes, you’re well on your way to finding your perfect apartment—but how can you be sure you’ll be approved once you find it?
Getting approved for an apartment in California can require some strategic effort and organization, especially since experts are foreseeing even more competition in the rental market going forward.
(more…)May 2nd, 2022 at 11:00 pm
Purchasing a new home involves a variety of costs beyond just what you see on the listing. The asking price is just the start. You have to consider how does earnest money work, mortgages, insurance, utilities, and property taxes in your budget before you even make an offer on a house.
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