14 May 2024
By Randy Courtney

Understanding Closing Costs When Buying a Home

Real Estate
Buying a home is an exciting journey, but it's not without its twists and turns. One specific daunting aspect for many homebuyers is understanding the sphere of closing costs. These additional expenses can catch even the most prepared buyers off guard if they're not properly understood. So, let's discuss the world of closing costs and shed some light on what to expect when purchasing your dream home. Appraisal Fees: Before finalizing a mortgage, lenders typically require an appraisal to ensure the property's value aligns with the loan amount. Appraisal fees can vary depending on the size and location of the…
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19 May 2023
By Randy Courtney

What is Cash to Close?

Real Estate
"Cash to Close" refers to the total amount of money that a homebuyer needs to bring to the closing table to complete the purchase of a property. It includes the down payment, closing costs, and other fees associated with the home purchase. How is it Calculated? The cash to close amount is calculated by subtracting any applicable credits, such as earnest money or seller contributions, from the total amount of funds needed to complete the transaction. The resulting figure represents the final amount of cash that the buyer needs to bring to the closing. It's important for homebuyers to carefully…
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12 Jan 2023
By Randy Courtney

How Do You Actually Write The Check To Buy A House?

Real Estate
After you have found the right house to meet your needs, you need to make the down payment to complete the transaction. Can you show up at the closing table with a suitcase full of cash? Of course, that would be a bit suspect, so that is not actually how it happens. What do you need to do to actually hand over the funds to buy the house?  The Down Payment Is Verified Beforehand First, understand that the down payment is usually verified before you agree to the deal. Your real estate agent will work with you and the seller’s…
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