One of the most important documents in purchasing property is the purchase contract, also known as a purchase and sale agreement. It stipulates the agreement between the parties, and prepares the transaction for closing. What is a real estate purchase contract?A real estate purchase contract enumerates the participating parties’ -- could be two or more --...
July 2018
Raising the money for a down payment on a home could be the most challenging step towards homeownership. One way to get the amount you need is to borrow against your 401(k)--although there are numerous options you can consider depending on what’s wise for you at the moment.But first, what’s the real deal behind borrowing against your 401(k)?More than 50 percent of 401(k) plans include a loan...
There’s not an ounce of doubt that today’s home buyers know how to prepare for the house hunting process—especially in a market where competition is tight. Very seldom will you find a home buyer who isn’t pre-approved, and most savvy buyers are sure to have everything else sorted out financially. A well-informed buyer will have a fixed budget, a sizeable down payment at hand, and even extra...