What are escrow accounts and how do escrow accounts work?, Before we can get into the details, let’s first define what escrow is. Escrow is a process that takes place during the home buying process. Think of it as a form of safekeeping. So, between the time of a purchase agreement and the closing of
The pandemic at the start of 2020 led the housing market to see an increase in housing prices. In November of 2020 according to S&P CoreLogic Case-Shiller National Home Price NSA Index, house prices rose about 9.5%. In turn, mortgage rates have been decreasing. According to the National Association of Realtors (NAR), experts have predicted
Property tax laws in California just got shaken up a bit. People who inherit property from their parents and grandparents are facing some new changes. To understand Proposition 19, let’s start with what California’s Proposition 13 is. Proposition 13 of 1978 was an amendment to the California Constitution that set base year values. This meant
Are you ready to sell your house? Before you go ahead and plant that “For Sale” sign on your lawn, it is important to prepare your home for sale. Following home selling tips are crucial if you are interested in creating the best appeal for the customer. This is especially true if you are trying
5 Escrow Failures and How to Avoid Them Not every sales transaction goes as smoothly as one would wish, especially those that involve big value purchases such as homes. Escrow failures are when a home falls out of escrow. They are not uncommon, but they can be easily avoided! Real estate agents often stress about