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What is a Short Sale?

August 7, 2022 by TPalladino

An increase in foreclosure rates will inevitably bring with it an increase in short sales. But what is a short sale? A short sale happens when you sell your house for less than your remaining mortgage balance. The proceeds of which go to the lender and in return the lender forgives the remaining ... » Learn More about What is a Short Sale?

What is a reverse mortgage?

August 5, 2022 by TPalladino

A reverse mortgage is a loan based on the current paid-up value or equity in your home. Instead of making a monthly mortgage payment, your lender can use your equity to pay you a set monthly amount, provide a credit line for you to draw upon as needs arise, or pay out a lump sum to you. While ... » Learn More about What is a reverse mortgage?

What is Escrow?

August 4, 2022 by TPalladino

When it comes mortgages are concerned, "escrow" and "escrow accounts" refer to two slightly different concepts. Escrow is the process by which a neutral third party mediates a real estate deal, holding money and property "in escrow" until the two sides agree that all the conditions are met for a ... » Learn More about What is Escrow?

What is APR and how Does It Impact My Mortgage?

August 3, 2022 by TPalladino

If you've ever gone shopping for a home mortgage or refinance you've probably seen an interest rate advertised as, for instance, "Rate: 2.65%; APR: 2.7%." The annual percentage rate (APR) represents the average annual finance charge you'll be paying on the loan when including all the fees and costs ... » Learn More about What is APR and how Does It Impact My Mortgage?

How to Make Your Best Offer on a Home

August 3, 2022 by TPalladino

Making the right offer is crucial when you have your eye on a home. Offer too little, and you may get passed over for the next buyer. Offer too much, and you may need to reevaluate your budget for furnishings or upgrades. This can be one of the most challenging parts of buying a new property. Want ... » Learn More about How to Make Your Best Offer on a Home

How Does a Court-Confirmed Probate Sale Work in Real Estate?

July 29, 2022 by TPalladino

Properties sold in probate court can be a good deal, as they’re often priced lower than other homes. But there are risks, and probate sales often take longer than traditional real estate transactions. If you’re an active real estate buyer, at some point you’ll likely come across a probate sale. As a ... » Learn More about How Does a Court-Confirmed Probate Sale Work in Real Estate?

Make It Sparkle: Eight Tips for Adding Instant Curb Appeal

November 11, 2020 by TPalladino

You want to sell your home in the shortest possible time for the highest possible price, right? Of course that is every seller’s goal and it’s your Realtor’s goal as well. So here’s a handy 7 Additional Quick Fixes To Make A Great First Impression When Selling A Home you need to do to make that ... » Learn More about Make It Sparkle: Eight Tips for Adding Instant Curb Appeal

Making the Right Move: A Checklist for Homebuyers

November 11, 2020 by TPalladino

Whether you are a A Case of Cold Feet: How to Handle the First Time Homebuyer or an experienced homeowner, buying a new home is always stressful. Here’s a handy checklist of six things you can do up front to make the process a lot easier. Before you start packing, here’s what you need to ... » Learn More about Making the Right Move: A Checklist for Homebuyers

Ready, Set, Sell: Checklist for Home Sellers

November 11, 2020 by TPalladino

When home buyers drive your neighborhood, or when Realtors are previewing for their clients, what do they see? You never get a second chance to make a first impression, so make sure your home has the The Wow Factor: Seven Quick Curb Appeal Tips that makes people go “wow.” Take a walk around your ... » Learn More about Ready, Set, Sell: Checklist for Home Sellers

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