Maria Powell | What is a “Proof of Funds” Letter in a Real Estate Purchase?

What is a “Proof of Funds” Letter in a Real Estate Purchase?

Published May 21, 2018

If you were selling your home, would you want to be absolutely certain that the buyers are able to secure a mortgage to make the real estate deal go through? Of course, you would, and that’s exactly what the purpose of a “proof of funds” letter is.

What to Look For When Buying a Flipped Property

Published May 17, 2018

There are a lot of real estate investors out there looking to make some good money fixing and flipping houses. And if you’ve been watching your favorite programs on HGTV and the like, you may have noticed that flipping houses for a profit is big business.

Title Insurance 101: Everything You Need to Know

Published May 14, 2018

Buying a new home can certainly be an overwhelming and sometimes frightening thing, especially if you’re completely new to this game.

INFOGRAPHIC: N.A.R.’s Existing Home Sales Report For March 2018

Published May 10, 2018

Here are some stats surrounding the existing home sales activity in March 2018, according to the National Association of Realtors.

What is the MLS and How Does it Work?

Published May 8, 2018

Whether you’re a newbie buyer or seller or have bought and sold homes a few times over the years, you’ve most likely heard of the MLS, or Multiple Listing Service.

What’s the Difference Between Replacement Cost Vs Actual Cash Value in Home Insurance?

Published May 4, 2018

You pay homeowner’s insurance, and although you never want to have to use it, there may be some unfortunate circumstances that may require you to file a claim. Of course, it’s important to crunch the numbers to make sure that it makes financial sense to start a claim, considering the fact that there’s a deductible to pay and an increase in premiums to deal with.

Sellers: Before You Finalize Your Taxes, Here are 5 Write-Offs

Published April 30, 2018

Paying taxes is never fun, but you may be able to find ways to keep a little extra money in your pocket when filing. If you’ve recently sold your property, there are several different tax deductions you’ll want to be aware of, including the following.

INFOGRAPHIC: Your Home Inspection Checklist

Published April 26, 2018

Don’t miss the opportunity to have the home you plan to purchase inspected before you finalize a real estate contract. Before you close on a deal, make sure the following components are checked out during the home inspection.

What Exactly is a Mortgage Transfer?

Published April 23, 2018

With the typical sale of a property, the new owners usually apply for a mortgage to finance the purchase. When the sale is finalized, the new owners begin paying their new mortgage with the set of terms and interest rate that were agreed upon with their lender. But in some circumstances, a mortgage may be transferred from the sellers to the new owners.

What Types of Liens Can Cloud the Title on My Property?

Published April 19, 2018

Real estate transactions aren’t always free of unpleasant surprises. Sometimes a home inspection will uncover an unknown issue or the buyer won’t be able to secure financing despite being pre-approved. But there’s another potentially unexpected issue that can arise after an offer has been accepted: property liens.