It is unquestionably difficult to make a sound determination about whether to sell or purchase a home at any given point in time when it is particularly unclear what the market will do next. When the residential real estate market is relatively stable, it’s not too...
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Elizabeth’s Law Blog
Understanding real estate contracts
Maybe this is your first time purchasing a home, or your first home purchase in decades. Either way, attempting to go through a real estate contract can be intimidating. However, knowing the essential components will help you better understand what you're reading....
Understand HOAs and how they impact homeownership
If you're purchasing a home, you might encounter properties that are part of a homeowner’s association (HOA). The HOA can significantly impact your living experience and responsibilities as a homeowner. It is essential to understand what buying a home under an HOA...
What home buyers should know about earnest money
The housing market in this area certainly has its ups and downs, but when you find a home that’s right for you and your offer is accepted, you don’t want to risk losing it. However, a lot can happen between the signing of the purchase agreement and closing on the...
2 mistakes to avoid during the home purchase process
For most people, a home purchase is one of the most important financial decisions they can ever make. As such, it is no surprise that a home purchase is characterized by loads of paperwork. Every detail in the home purchase process does matter because, once you sign...
3 suggestions for selecting the ideal real estate agent for you
One of the most stressful things you can do is move. Sometimes it seems like nothing ever seems to go as planned and that a lot of time is wasted waiting. A good real estate agent can determine how smoothly the process goes. It's a smart idea to "shop around" for a...
What does a home sell for in Elgin?
Whether you’re buying or selling, understanding the local real estate market is very important. You need to look at comparable properties in the area. These can help to show you what a home should sell for in the current real estate market. These prices always...
What contingency clauses do buyers use?
Contingency clauses are certain stipulations that can be added to a real estate purchase contract. The contingencies have to be met in order for the contract to be legally binding. These are often added when a buyer is putting in an offer to purchase a home. That...
How a home inspector could change your life
Are you thinking about buying your first home? Owning your own property can be fulfilling. And, it can give you security knowing you’ll no longer have to pay monthly rent bills and still have issues with the space you’re living in. It’s always difficult to find that...
Understanding the appraisal gap and how to tackle it
The appraisal gap is a term that has become increasingly significant in real estate, particularly in a competitive housing market. Understanding the appraisal gap and how to handle it can be crucial for buyers and sellers to navigate the complexities of property...