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Get Your Own Slice of the Big Apple: Buying a House in Manhattan

HomeLight

Inspections & attorneys. Jean Chou , the principal attorney at JLC & Associates , advises her clients who buy in smaller buildings to schedule their own inspections as part of the homebuying process. Getting the necessary approvals can take up to four months, so plan for this ahead of time. it’s consistently in demand.

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How to Read a Settlement Statement When Selling a Home

HomeLight

However, the settlement form developed by the trade group ALTA (American Land Title Association) is widely used across the nation for real estate transactions. What is an excess deposit, and who will receive the funds listed on that line? Let’s say the buyer put down a $7,000 earnest money deposit on a $100,000 home.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection. How else would you and your clients understand how much is being paid in principal and interest over the years? Earnest money deposit. Sure, deals can fall apart. Co-borrower.