Peter M. Parente’s Post

Cash to close refers to the money a buyer needs to pay at closing. It includes the total amount of cash that the buyer needs to bring with them on the day of closing, which is typically 2-5% of the purchase price. The cash to close amount includes several fees and expenses, such as down payment, appraisal fees, title insurance, and closing costs. These expenses can vary depending on the location, type of property, and specific loan terms. Also, cash to close also takes into account any earnest money or deposit made by the buyer during the offer and negotiation process. This money is typically held in an escrow account and will be applied towards the cash to close amount. I make sure that the buyers who work with me will fully understand the breakdown of the cash to close amount and ensure they have enough funds available on closing day!#yfir #your_friend_in_real_estate #leaguecityrealestate #austinrealestate #newbraunfelsrealestate

🔑 Almost a homeowner! Review your closing disclosure for accuracy and seller credits. Your agent will set up a walk-through, and once you sign the papers, the title is yours! 🏡 #LynxMortgageNY #MoreThanYourLender

If you are interested in acquiring distressed assets or participating in an Article 9 auction, take a look at this public notice. PSW Webberville, LLC's assets will be sold on July 31, 2024, at 11:00 am Dallas, Texas time via an online video conference. The assets up for sale include all equity interests of PSW Webberville, LLC in SB Webberville Road, LLC. This sale is being conducted by the secured party to enforce their rights under the UCC. Prospective bidders must contact the secured party's counsel by July 26, 2024, to be considered a qualified bidder. If you're interested in acquiring these distressed assets, be sure to review the full public notice and reach out to the secured party's counsel ahead of the sale date. This could be an opportunity worth looking into for those experienced in distressed asset transactions. You can find the full public notice and additional details at the link below: https://lnkd.in/ducx9EzY

From when the sign goes up in your yard to when you have a signed offer in your hands, it will be less than 2-weeks (per the local median-days-on-market). The timeframe for the buyer to then do their due diligence (inspections), the lender processes for the buyer's loan (appraisals, ect), and the closing attorneys/title company to prepare the transfer (clear title, transferring deed, ect) will take at least 30 days, usually no more than 45 days. So all together, it takes under 60 days to sell a house. ** of Eric's last 3 listings this month, they were only on market for 4, 3 and 2 days, saving his clients 10 days of "on market" time and expenses! ** 📲 eric@findhrhomes.com | (757) 685-3172 📲 danielle@findhrhomes.com | (860) 309-3466

Escrow is a process used in buying or selling property to ensure that all the terms of the agreement are met before the transaction is completed. Here's how it works: - A third party, known as an escrow agent, holds onto important documents, funds, and instructions from both the buyer and seller. - The escrow agent makes sure that all the conditions of the sale are satisfied. This could include inspections, repairs, and the transfer of the property's title. - The purpose of escrow is to protect both parties by ensuring that neither the buyer nor the seller can access the funds or documents until all the agreed-upon conditions are fulfilled. - Once everything is verified and in order, the escrow agent releases the funds to the seller and the property title to the buyer, completing the transaction. Questions? Send me a DM.

Day 21 " What is the HUD" The HUD is a key document you'll receive before closing on a property. It acts like a financial roadmap for the entire transaction. Here's what it does, Breaks down the costs: It itemizes all the charges and credits for both the buyer and seller. This includes things like the purchase price, closing costs, taxes, loan fees, and escrow payments. Provides transparency: Having everything in one standardized format ensures a clear understanding of where your money goes (and where the seller's money comes from) in the closing process.

4.66 star review received on Experience.com for Jodie Bochat by Michael H - From the perspective of the Seller's side of this transaction, it was a smooth and easy transaction, with open lines of communication.

Day of closing: How buyers can prepare

Day of closing: How buyers can prepare

Day of closing: How buyers can prepare