If you are buying a new home, a home inspection is your first line of defense in making sure you are making a good investment and buying a solid home. Your home inspector is there on your behalf and they are a wealth of knowledge. In fact, there are questions you should be asking your inspector before, during, and after they conduct their tour of the home.Continue reading “Questions to Ask a Home Inspector Before, During, and After the Inspection”
There is a lot of terminology that you hear during the home buying process, and if you plan to purchase a home in the near future, you may have heard the term Earnest Money Deposit. If you haven’t or don’t quite know what it means, you’ll want to read on because it’s pretty important.
Most people must put some amount of money down on a home as a deposit when they submit a bid or offer for the home they want to buy. It’s typically written into the purchase agreement as an Earnest Money Deposit (EMD), or referred to as a good faith deposit, and it lets the seller know you are serious about your bid. This can also make your offer more attractive if there are multiple offers in place.Continue reading “How to Lose Your Earnest Money Deposit and Ways to Avoid It”