The movement of money is undoubtedly the most constant element of any house buying or selling process. Earnest money and down payments are two major components of facilitating the close of properties, but they can often get confused. In this article, we are taking a look at some of the key similarities and differences between
The same way most state laws vary, California has specific real estate disclosure laws that need to be upheld. These disclosure laws apply to nearly all California home sellers and are important to know to legally sell a house in the state. Real estate seller disclosure laws hold sellers legally responsible for openness and honesty
If you are looking to buy a house, make investments in stock, or any other sort of major financial transaction, you may need an escrow agent. You’ve probably heard of escrow as a term associated with big financial companies, but what exactly is escrow? This guide will introduce you to some of the basics of
One of the basic components of escrow is Earnest Money. You may have heard this term in regard to “the initial deposit” or “opening the account,” but what does it all mean? Today we will look into the meaning behind earnest money and explore why it is needed in the escrow process. What is Earnest
You’re finally closing on your dream home and money is ready to change hands. The wire transfer will concern a large sum of money, and scammers are salivating at the thought of getting their hands on it. This results? Too often, home buyers fall into dreaded (and sometimes elaborate) phishing scams, and real
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