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There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
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ATTENTION TO BUYERS!
FIRST TIME HOME BUYERS! NEW INFORMATION JUST IN 5/13/2009 REGARDING USING YOUR 8K TAX CREDIT UP FRONT FOR DOWNPAYMENT!
Financing Your Home >Financially Qualified Most purchase agreements allow buyers to get out of the contract if they can't qualify for a mortgage. If you are selling your home, be sure to get some reassurances before you make a commitment to buyers. Most contracts now require timely loan applications and pre-qualifying letters from the lender.
There is no way to be absolutely certain that buyers will be able to obtain financing. Real estate professionals will help buyers determine what they can afford and whether there are financing alternatives. They will also eliminate buyers who are not financially qualified. Training and experience enable them to resolve difficulties quickly to avoid wasting time.
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| Q |
To what process do the terms closing, escrow, settlement and passing papers refer?
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| A |
These terms, which vary in different parts of the country, describe the conclusion of a real estate sale. |
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- NUMBER1EXPERT™ 
