When we educate people on the housing market, it’s important to start from square one. Yes, the home buying process has many rules, laws and complexities, but people also need to understand the terms you and I take for granted. How do I know? In February, USA TODAY reported many millennials don’t enter the housing Read more about Mortgage Terms and Definitions for First-Time Homebuyers[…]
“Portlandia” on the IFC channel is one of my favorite TV shows. The sketch comedy program pokes fun at the lives of millennials in Portland, Oregon. Last week, “Portlandia” was all about buying, selling and renovating houses. One of the best moments from the episode depicted how first-time homebuyers don’t understand the concept of escrow. Click the video below to watch! I often Read more about Complicated Terms. Simple Definitions- Escrow and Mortgage Payments[…]
Realtors always negotiate the best terms of the contract on behalf of your clients. I often see buyers in Virginia who ask sellers to cover the closing costs. For example: “Seller to contribute $X toward buyers closing costs, pre-paids, etc..to be used at buyer’s discretion.” But do you know the difference between closing costs and Read more about Complicated Terms, Simple Definitions: Pre-Paids and Closing Costs[…]