First time home buyers can often become a little confused by the terminology used. One term that actually causes real concern is when an agent tells them their home is being sent to escrow. Of course, the home is not actually going anywhere – in fact, I am sure there are some real estate agents [...]
Here’s a tip for closing on real estate: Never close on a Friday or the end of the month, particularly in the afternoon or in the summertime. Why? Because that’s when title agents and closing attorneys are at their busiest. Everyone wants to close at the end of the month or on a Friday because [...]
You’ve purchased a house in Virginia. However, you don’t actually own it yet. You need to complete the final transaction. This is known as closing or settlement. The escrow agent conducts the closing and is often affiliated with the title insurance company. Their job is to ensure the buyer obtains a clean title, the lender [...]
Looking at that title, you may be wondering what I am talking about. Let’s face it, most real estate agents don’t like closing at all – the more days they are open the more sales they can make. Of course, that could just be the wrong interpretation of “closing” too – and it is. By [...]
