Buying a brand-new home is an exciting prospect. Everything is fresh, modern, and designed with today’s lifestyles in mind. But new construction purchases are very different from buying a resale home — and understanding those differences can help you avoid costly surprises and make a more confident decision. Whether you’re a first-time buyer or considering new construction for

What Home Buyers and Sellers Need to Know   As of August 17, 2024, significant changes to how real estate transactions are conducted in the United States have taken effect, ushering in a new era for both home buyers and sellers. These changes stem from a recent settlement by the National Association of Realtors (NAR) in response to antitrust claims, marking the most substantial update to th

A VA loan is a mortgage loan that is guaranteed by the U.S. Department of Veterans Affairs (VA) and is available to eligible active-duty service members, veterans, and surviving spouses. Here are some of the benefits of a VA loan over other types of loans: No down payment required: VA loans do not require a down payment, which means that eligible borrowers can finance up to 100% of the purcha

Photo by Burst from Pexels In real estate, closing cost refers to the total amount of money due at time of purchase. This cost is usually equal to a small percentage of the total purchase price but can vary based on state, county and other factors. Sellers handle a portion of the closing costs which can sometimes be even higher than what the buyer pays. What exactly do sellers have to pay for