Deadline Danger: Key Contract Dates to Know
Every real estate deal runs on deadlines. Here’s what buyers and sellers need to know about EMD, contingencies, and the critical phrase ‘time is of the essence’.
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Don’t Be Shocked: Lock In Your Rate Today for Peace of Mind
Locking in your mortgage rate protects you from potential interest rate increases before closing, ensuring stable monthly payments and aiding in precise budgeting. This strategic move provides financial peace of mind during your home-buying journey.
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Wealth Difference Between Owners and Renters
The age-old debate between renting and owning a home has everyone weighing their options. There are pros and cons to each, but the numbers point to a clear winner.
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The Interest Rate-Condo Price Connection
Low interest rates, while often seen as a driver of real estate transactions, can also discourage homeowners from selling their properties. Many owners secured their homes during a period of historically low mortgage rates. These favorable rates made owning a home more affordable by reducing monthly mortgage payments. If they were to sell, they would likely face much higher interest rates when purchasing a new home, leading to significantly higher monthly payments. This “rate lock-in” effect causes homeowners to think twice about selling,
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Amazon Abandons NY HQ2
Amazon’s controversial plan to build a second headquarters in the New York City neighborhood of Long Island City has been derailed, wiping out at least 25,000 high-paying jobs slated for the city, the company confirmed.
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What is a ‘kick out’ clause ?
What is a ‘kick out’ clause? A question I get frequently is ‘What is a kick out clause’ in regards to a real estate contract. You may have noticed listings…
