When you buy a home for sale in Aspen or elsewhere, your real estate agent will protect you by building a mortgage contingency into your contract. But what is a mortgage contingency, and how does it help you? What is a Mortgage Contingency in Real Estate? A mortgage contingency protects you if your financing falls […]
When you buy a home for sale in Aspen by using a mortgage loan, your lender will most likely require you to have a home appraisal. That means a qualified, third-party appraiser will visit the home and determine how much it’s worth. If the home isn’t worth what the seller is asking for it, you […]
When you’re buying a home for sale in Aspen, your real estate agent will protect you by building a home inspection contingency into your contract. But what is a home inspection contingency, and how does it help you to have one in your contract? Home Inspection Contingent Offers in Real Estate The home inspection contingency […]
If you’re like most people looking at homes for sale in Aspen, you’ll hear the term contingent offer. But what does it mean? What is a Contingent Offer in Real Estate? A contingent offer means that someone has made an offer on a home and the seller has accepted it – with conditions. The conditions […]
When you’re buying a home for sale in Aspen, you’ll have to pay for an appraiser if you’re taking out a mortgage loan. The appraiser will come back with a number – a dollar amount – but what does it mean to you? Here’s what you need to know. What Does an Appraiser’s Price Mean? […]
As you look for homes for sale in Aspen, you’ll see some listed online as “withdrawn.” But what does that mean, and how does it affect your home search? What is a Withdrawn Listing in Real Estate? A withdrawn listing is a home with sellers who no longer want to sell it. They ask their […]
When you find a home for sale in Aspen that you love and you’re ready to buy, your real estate agent will tell you it’s time to come up with an earnest money deposit. But how much are you supposed to give the seller, and what happens to the cash? How Much Should You Put […]
If you’re taking out a mortgage to buy a home for sale in Aspen, you’ll have to pay for a home appraisal. That money comes out of your pocket – so how much does it cost? Here’s what you need to know. How Much Does a Home Appraisal Cost? A home appraisal’s cost varies based […]
In real estate, escrow is there to protect both buyers and sellers. It’s a safe place for money and documents, which are held there until the deal closes and the transaction is complete. Here’s how it protects you. How Escrow Protects Buyers and Sellers Buyers Here’s an example of escrow protecting a buyer. Let’s say […]
In real estate, whether you’re buying or selling a home in Aspen, you’ll hear the term escrow. But what does it mean, and how does it work? Here’s what you need to know. What is Escrow? In real estate, escrow is a secure holding area where all the important items pertaining to the deal are […]
