Wire Fraud Scams in Real Estate: What You Need to Know
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Wire Fraud Scams in Real Estate: What You Need to Know

Buying or selling a home is an exciting journey, but there’s a growing risk you need to be aware of: Wire Fraud. Wire fraud is real and it’s on the rise, with potential losses exceeding $12.5 billion. That’s a scary statistic!!!! Source: https://www.ic3.gov/PSA/2024/PSA240318 This wire fraud scam targets real estate transactions, especially during the closing…

What is “The Home Appraisal” in a Real Estate Transaction?
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What is “The Home Appraisal” in a Real Estate Transaction?

In the exciting journey of homeownership, you might come across the term “home appraisal” – a crucial step in the real estate process that often raises questions. No worries as I’m here to shed light on what a home appraisal is and why it holds significance in your home-buying adventure. What is a Home Appraisal?…

What is the “Inspection Report” when Purchasing a Home?

What is the “Inspection Report” when Purchasing a Home?

So, you’ve found the home of your dreams, and the journey to homeownership is in full swing. One crucial step in this process is the inspection report – a document that can be your best friend when it comes to understanding the true condition of your potential new abode. Let’s break it down and explore…

When is Your Option and Earnest Money Due?

When is Your Option and Earnest Money Due?

“The Clock is Ticking: Understanding Option and Earnest Money Deadlines After an Executed Contract” So, you’ve successfully navigated the negotiations, all parties have agreed on the terms, and the real estate contract is officially executed. Now, it’s time to dive into the nitty-gritty details, and two critical players in this game are the option and…

Buying a home

When Do You Have A Fully Executed Real Estate Contract?

“Sealed with Signatures: Understanding the Significance of a Fully Executed Real Estate Contract” You’ve navigated the negotiations, sifted through the details, and now, the moment has arrived – your real estate contract is fully executed. But what does that really mean, and when can you confidently say, “We’ve got a deal!”? 1. All Parties Agree…