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Terminology

What Does Pending Sale Mean?

Buying a home is a process. Once a buyer writes an offer and has it accepted, the listing is placed in a state called “pending sale.” During this stage, the principals involved perform all the ele...

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Risks of Removing Buyer’s Contingencies

Typical real estate offers include a wide variety of standard contingencies. These can include home inspections, appraisal, and loan approval. In a fast-moving, seller’s market, one of the ways to make an offer more appealing is to remove con...

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Risks of Removing Buyer’s Contingencies

Typical real estate offers include a wide variety of standard contingencies. These can include home inspections, appraisal, and loan approval. In a fast-moving, seller’s market, one of the ways to make an offer more appealing is to remove con...

Read more

What is a Title Search?

It may seem like there are a million steps to the closing process when buying or selling a home. A title search is just one of the many stages and title problems may account for almost 10% of closing delays. As a seller, doing a preliminary tit...

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What is a Title Search?

It may seem like there are a million steps to the closing process when buying or selling a home. A title search is just one of the many stages and title problems may account for almost 10% of closing delays. As a seller, doing a preliminary tit...

Read more

Understanding the Back-Up Offer

“When can I consider my home sold? This is one of the most common questions real estate agents are asked. While the laws vary in different states, generally the contract is binding once both parties sign the offer. At that time the closing pr...

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Understanding the Back-Up Offer

“When can I consider my home sold? This is one of the most common questions real estate agents are asked. While the laws vary in different states, generally the contract is binding once both parties sign the offer. At that time the closing pr...

Read more

Mortgage Terminology: FICO score

A FICO score is based on credit reports and used to help a lender calculate how much money to loan a borrower. Generally, the higher the score the better. BUT, don’t let a lower score keep you from pursuing a home; it's just one part of how y...

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Mortgage Terminology: Escrow

Real estate terms can be tricky, especially when it comes to financing your home. Don't be intimidated - I'm here to help. We'll go through your homeownership process TOGETHER. Let's talk. 678-360-6273 www.aullrealestate.com  #terminology #esc...

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