Tag Archives: closing on a home

What Are Pre-paid Expenses And Escrows & What Do They Have to Do with Closings?

There are several intimidating definitions when it comes to real estate.  PMI, FHA, VA, closing costs and amortization are just a few of the acronyms and terms that create clouds of uncertainty for homebuyers and sellers.  However, as intimidating as these terms may seem, their explanations are relatively simple.  Most of the time, it just takes a quick call to your realtor to understand how these terms fit into the crazy labyrinth known as a real estate deal.  William Tierney, an agent in our Scituate, MA office, discusses a few important real estate terms-specifically, Pre-paid Expenses and Escrows and how they both fit into the closing process.  Read on…

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The Ultimate Home-buying Guide

Phyllis Lerner of William Raveis Legends in Tarrytown, New York, provided this guest post detailing the homebuying process.  We couldn’t have done a better job ourselves!  Lerner addresses issues that face homebuyers with a fine-tooth comb.  Whether this is your first time purchasing a home, you’re downsizing, or moving into a mega-mansion, there is a list of essentials you must check off before calling a U-Haul.  And don’t let the big book intimidate you.  Ms. Lerner clearly breaks down the most important items in just 1,200 words.   Let’s see what she has to say.

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August 1, 2012