What is a Short Sale?
If you're in the process of buying or selling a home, you may have come across the term "short sale." But what exactly is a short sale? In the world of real estate, a short sale refers to a type of transaction where the proceeds from the sale of a property fall short of the outstanding mortgage balance, and the seller is unable to cover the difference. In simpler terms, it's a sale of a property where the seller owes more on their mortgage than the sale price of the home.
What’s the difference between a REALTOR® and a real estate agent?
If you're in the market to buy or sell a home, you may have heard the terms "realtor" and "real estate agent" used interchangeably. While both professionals work in the real estate industry, there are some key differences between the two.
How to Get Pre-Approved for a Mortgage: A Step-by-Step Guide
Getting pre-approved for a mortgage is an important step in the homebuying process. It can help you determine how much you can afford to spend on a home, and it shows sellers that you are a serious buyer. Here's a step-by-step guide on how to get pre-approved for a mortgage.
How Much Does It Cost to Buy a House? A Breakdown of Homebuying Costs
Buying a house is a major financial investment, and it's important to understand the costs involved. Here's a breakdown of the typical costs you can expect to incur when buying a house.
What is a Mortgage? A beginner’s guide.
A mortgage is a type of loan that is used to finance the purchase of a property, such as a house or a condo. Mortgages are typically long-term loans that are repaid over a period of 15 to 30 years, with the property serving as collateral.
How to Buy a House: A Step-by-Step Guide
Buying a house can be an exciting but overwhelming process, especially if you're a first-time homebuyer. To help make the process smoother, we've put together a step-by-step guide to buying a house.
What is Real Estate? A beginner’s guide.
Real estate is a term that you've probably heard before, but what does it actually mean? In simple terms, real estate refers to land and any buildings or structures that are attached to it. This can include everything from a single-family home to a commercial office building.
The Link Between Mortgage Rates and the Federal Reserve Rate
What is the Federal Reserve Rate and how does it impact Mortgage Rates? Why should I care, and what should I look for?
The BEST Time to Buy a Home in Maricopa, AZ
So you want to live in Maricopa, but aren’t sure when the best time to buy is?
Winterizing Your Home (yes, even in Phoenix!)
If you live in Phoenix, Arizona, you may think that you don't need to worry about winterizing your home due to the mild winter temperatures! However, there are still a few steps you can take to winterize your home and save money on your energy bills.