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pending to sold

How Long Does It Take for a House to Go From Pending to Sold?

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A pending status means a seller has accepted an offer, but the contingencies of the sale have yet to be completed. This means the pending home sale could still fall through, and other potential buyers may still have a chance at buying the property. This also means the seller may have to return to listing … Continued
recession housing

What Happens to House Prices in a Recession

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Recessions are an expected part of the economic cycle, helping to correct imbalances while encouraging future economic growth. Sometimes, recessions may negatively affect home prices, making it more difficult for consumers to buy or sell. Flexible monthly mortgage payments may change, and retail sales often plummet.  Homeowners must understand what happens to home prices during … Continued
waiting

How Long Does a Wire Transfer Take After Closing?

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Purchasing or selling a home is one of the largest transactions many people will ever make. The average home in the United States will sell for over $400,000, which is a much larger sum than most people can afford outright. As a result, most homebuyers typically take out mortgage loans to cover the cost of … Continued
tax lien vs tax deed

Tax Deed vs Tax Lien States

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Many hidden costs come with homeownership. Most understand the mortgage and interest payments they will make each month. There are also utilities to pay for, such as electricity, water, gas, and other services.  When you own a home, you are responsible for making repairs and paying for maintenance or upgrades, which costs roughly 1% of … Continued
multiple choices

Can a Seller Accept Another Offer While Under Contract?

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Buying a home is a huge investment if you know how to take care of the property and make on-time monthly mortgage payments. Over time, you will build equity in that property, which will benefit you when you sell the house. Selling a home can be stressful, especially if you want to get as much … Continued
remove

How to Get Rid of an HOA

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Many factors affect a home’s value. The condition of the property, its location, its proximity to community services and amenities, the number of bedrooms and bathrooms, the age of its appliances and HVAC systems, and many other elements will determine the price of the home.  Another factor that can affect the desirability of a home … Continued
house auction

What Is a Foreclosure Auction?

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Any homeowner will do their best to avoid foreclosure and keep their home. Unfortunately, with the increased cost of living and factors like job loss, illness, and other financial problems, foreclosures are sometimes inevitable. This often results in a foreclosure auction for the property. This article explains how foreclosure works, its advantages and disadvantages for … Continued
multiple listing service

MLS House Meaning

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The MLS, or multiple listing service, is an old concept in which competing brokers share information about properties they want to sell. Similar systems existed as far back as the nineteenth century. The National Association of Real Estate Exchanges, which later became the National Association of Realtors, supported using this system as far back as … Continued
house pricing

How to Price a House for Sale

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How you price your home impacts potential buyer interest, directly affecting how long it takes to sell. Learn how to price your home, including where to get data and how to calculate an accurate price point. This guide also reviews a few common pricing strategies, including the pros and cons of each available option. Finally, … Continued
home inspection

What Happens After Home Inspection?

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Whether you are buying or selling a house, the condition of the property matters. Taking care of a home is a lot of work, and with so many components that can break down or become inefficient, homeowners must invest in their properties to maintain them.  It is estimated that homeowners spend roughly 1% of the … Continued
for sale by owner house

How Much Does It Cost to Sell a House by Owner?

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Millions of Americans strive for homeownership, an accomplishment often included in the concept of the American Dream. There are numerous benefits to homeownership, such as building equity, potential future profits, the freedom to make changes, and independence.  Buying a home is a complex process, and selling that property is no different. When you sell a … Continued
keep house in a divorce

How to Keep the House in a Divorce

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During a divorce, couples must divide the assets acquired during the marriage. Many spouses share enough assets that outside mediation is needed. Who maintains home ownership is among the most common disputes. Use this guide to learn more about the divorce process and how Texas handles the equal division of property assets. We’ll also review … Continued
encroachment

Selling Property With Encroachment

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When purchasing a new home, buyers expect full and undisputed access to their property. Any disputes involving property lines or land use can present an issue. This means sellers with encroachments should consider their resolution options before listing the house. This guide reviews what an encroachment is, the different types, and how to identify and … Continued
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