by Jennifer Ferri | Feb 16, 2023 | Buying, Selling
In the real estate and title world, changes need to be made to contracts daily. Understanding that addendums and amendments can act as the same notification for these changes is important so you’re not wasting time deciding on what form to fill out. Even though some...
by Jennifer Ferri | Feb 9, 2023 | Closing Disclosure Form (HUD1), Financing, Loan Estimate Form (GFE), TRID
The definition of a “business day” is slightly different for Loan Estimates and Closing Disclosures. For Loan Estimates, each day on which a creditor’s offices are open to the public count as a business day. Loan estimates must be delivered or placed in the...
by Jennifer Ferri | Feb 2, 2023 | Buying, Home Remodel, Selling
There are many things to consider when buying a flipped home. First let’s answer – what is a flipped home? A flipped home is one that has been purchased, gone through renovations and/or remodeling, and is then listed for sale for a much higher price than what it...
by Jennifer Ferri | Jan 26, 2023 | Buying, Financing, Sales Process
Earnest money is money you put down to demonstrate your seriousness about buying a home. It must be substantial enough to demonstrate good faith and is usually between 1-5% of the purchase price. However, the amount can vary depending on local customs and...
by Jennifer Ferri | Jan 20, 2023 | Selling
To some sellers, ‘seller financing’ is like a dirty word. But don’t turn your nose up at the idea so quickly! Here are 4 reasons why a seller should consider seller financing, or at least hear a buyer out if they ask for the option. 1. Sell difficult properties There...
