What is a final walk through?

A final walk through of the property with your agent will allow you to view the property and check any repairs that have been made during the process, and to confirm that the property is in the same condition now that it was when you made your offer. This is typically done before your closing appointment. … [Read more...]

Why do I need an appraisal?

During the processing period, an appraisal of the property will be performed to validate the amount of the purchase price listed on the contract.  This is done to show the lender that the money they will be lending you is supported by the value of your home. … [Read more...]

What is Earnest Money?

Earnest Money is the amount of money you promised the seller to deposit with your broker in “good faith” once your offer was accepted. Your earnest money check should be paid by check or money order, in the amount agreed upon, within the time frame indicated, in the purchase agreement.  This payment will be credited towards the purchase price and the amount of funds you will need to bring to your closing. … [Read more...]