Category: Buying a Home

2021 April 5

Types of Escrow Accounts and How They Work

Types of Escrow Accounts and How They Work

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

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2021 April 2

House Price vs. Interest Rate: What’s More Important?

house-price-vs-interest-rate-whats-more-important

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

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2021 March 24

Escrow Failures: Why Do Homes Fall Out of Escrow?

escrow-failures-why-do-homes-fall-out-of-escrow

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

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2021 March 19

Steps You Should Take to Prevent Closing Delays in Real Estate

steps-you-should-take-to-prevent-closing-delays-in-real-estate-transactions

Buying or selling a home is an exciting time!  A new home means new opportunities. However, the process of closing a real estate deal can become a long and arduous one. Without the proper information, real estate closings can even get delayed or called off, causing stress for both parties.  Closing delays can occur for

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2021 February 19

How Escrow in Real Estate Works and How Having an Account Can Help You

How Escrow in Real Estate Works and How Having an Account Can Help You

Having an escrow account is a very helpful way to get through the home closing process, which consists of many sensitive elements. It can also be helpful after this process is over by helping you pay off your real estate taxes and insurance. Here is how escrow in real estate works and what having an

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