Real Estate Term Tuesday: Buyer's Agent (or Selling agent)

Real Estate Term Tuesday: Commission

Real Estate Term Tuesday: MLS or Multiple List Service.

Long gone are the days of big ol' binders of listings sent to clients via "snail mail". Everything is online and a Buyer must act FAST if they want to compete with the tech-savvy Buyer pool!

MLS access is one of the BIGGEST advantages that using a Realtor gives you.

The MLS provides THE most accurate and real-time property searching abilities, in addition to detailed mortgage and tax history information attached to each property. It allows an agent to deliver brand new and/or newly reduced listings to their clients IMMEDIATELY, without the lag and outdated information that sites like Zillow typically contain.

Real Estate Term Tuesday: Good Faith Estimate or GFE

Buyers and Refinancers- almost immediately upon your first communication with a lender, you will hear the phrase "Good Faith Estimate".

What is it and why is important to you?

Real Estate Term Tuesday: Earnest Money

I get this question often, particularly from my clients who are first timers.  What exactly is "Earnest Money" and what is the purpose of it?

Real Estate Term Tuesday: Closing

As soon as a Buyer finds "the one" and the deal is sealed... the talk of "closing" begins.

What exactly does that mean?

Real Estate Term Tuesday: Contingency