What Is an Earnest Money Deposit? A Guide for Buyers and Sellers
An earnest money deposit (EMD) is a good-faith payment submitted after a seller accepts an offer. It shows serious intent to purchase and is held…
Category: Buying
Practical guides for buying a home in Providence, Cumberland, Pawtucket, Lincoln and across Rhode Island, Massachusetts and Connecticut. Alexander Parmenidez, Broker Associate with Coldwell Banker Realty, covers pre-approval, what a payment really costs once taxes and insurance are included, down-payment programs, inspections, and how to write an offer that holds up. Written for first-time buyers and move-up buyers who want the numbers before they fall in love with a house. Available in English and Spanish.
¿Qué Significa Que Una Casa Esté “Bajo Contrato”?
En términos simples, este estado significa que se ha llegado a un acuerdo entre el comprador y el vendedor, y la transacción está avanzando hacia…
¿Es buena idea usar tu reembolso de impuestos como pago inicial?
Sí, puedes usar tu reembolso de impuestos como parte del pago inicial al comprar una casa. La mayoría de los prestamistas lo aceptan como una…
RI Real Estate Disclosures: What Buyers and Sellers Need to Know
Real estate transactions in Rhode Island require specific disclosures depending on the property type and situation. There are four main disclosures — Sales Disclosure, Lead…
Why Buyer Representation Matters
Buyer representation means working with a real estate professional who is legally and ethically committed to representing your best interests as a buyer.
What Does It Mean When a Home Is “Under Contract”?
In simple terms, this status means that an agreement has been reached between the buyer and seller, and the transaction is moving forward toward closing.…
Using Your Tax Refund as a Down Payment: Is It a Smart Move?
Yes, you can use your tax refund as a down payment when buying a home. Most lenders accept it as a legitimate source of funds…
¿Se Está Volviendo Más Asequible Comprar una Casa?
Para muchos compradores, la asequibilidad se ha sentido fuera de alcance debido al aumento de los precios de las viviendas y las tasas de interés…
¿Cuánto Enganche Necesitas para Comprar una Casa?
El enganche es la cantidad de dinero que pagas por adelantado al comprar una vivienda.