A contingency clause is  a condition or action that must be met for a contract to become binding. When both the buyer and the seller agrees to the terms and signs a contract, then the contingency will become part of the binding sales contract.

A broker is a real estate agent who is licensed by the state and has taken courses to become a broker.

Closing costs are the fees paid at the closing of a real estate transaction by buyers and sellers in transferring ownership of a property.

A broker is more than just a sales person looking to close a deal. When you work with a broker, they will work on your behalf to help guide you when buying a house. They can provide you with the most up-to-date market information and help you find listings that you might not find on [...]

When you are pre-qualified for a loan it means that you could potentially get a loan for the amount stated for you. This assumes that all of the information that you provided to the lender is correct. When you are pre-approved, this means that you have had an extensive financial background check, which will include [...]

This type of listing is when the homeowner signs an agreement with the broker. In this agreement, the homeowner provides the broker with commission for selling the property. However, it also states that the homeowner can’t negotiate directly with the buyer at a later time to avoid paying commission to the broker. This type of [...]

In general, it is not very common for real property to depreciate in value. This is what makes real estate a great investment. When you are looking for a home, make sure you consider things such as location and community as it can affect the future value of the home.