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Buyers and sellers have to deposit documents and money with a neutral third party to be held. When certain conditions agreed upon by both buyer and seller are met, the third party (the "escrow holder") then distributes the documents and the money. So after your offer has been accepted, you and the seller must agree on an escrow or settlement company to act as an independent third and ensure that each party receives what is due to them. Since this is a very important task to both you and the seller, you must both agree to the company and the fees they charge.

 
Posted by Jessica Marie Figlar on 11/20/2008 05:25 PM   Comments (1)  
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Title Insurance
Jessica Marie Figlar (Liberty Realty - Hoboken)
When you purchase a home, the seller is a person who has extremely strong ownership rights to the property, as do his family and heirs. There also might be additional individuals who have ownership rights to the property you are buying. These may…
Defining What You Want
Jessica Marie Figlar (Liberty Realty - Hoboken)
Before going out to search for your dream home, it is important to know what that dream home looks like. Making a prioritized list of what you want in your next home will help narrow down your search. The size of the house depends, not only on your…
Shopping For Homes
Jessica Marie Figlar (Liberty Realty - Hoboken)
Use all your resources to research for homes. Online websites, real estate agents, and mailers can tell you which homes are available in your desired area. Choose to visit houses that possess your desired qualities, as well as fits in your price…
Making an Offer
Jessica Marie Figlar (Liberty Realty - Hoboken)
After you have found your desired home, it is time to make your offer to the owners. In most cases it is better to have a third party such as a real estate agent negotiate the offers. Many buyers aren't sure if what they are offering is appropriate…
Final Closing
Jessica Marie Figlar (Liberty Realty - Hoboken)
It is important to have the house inspected before the final closing occurs. Inspections for insects, radon, and building quality should be performed. Your homeowner's insurance and mortgage should be finalized also. Make sure all the necessary…
What Can You Afford?
Jessica Marie Figlar (Liberty Realty - Hoboken)
Now that you have made the decision to buy, it is important to figure out what you can buy. Lenders will look at your current budget (income, assets, and debts), and how much you would like to down pay and calculate two ratios to determine how much…
Setting the Price for Your Home
Jessica Marie Figlar (Liberty Realty - Hoboken)
Several factors, including market conditions and interest rates, will determine how much you can get for your home. The idea is to get the maximum price and the best terms during the window of time when your home is being marketed. When selling a…
Loan Programs
Jessica Marie Figlar (Liberty Realty - Hoboken)
There are two main types of loan programs available to potential home owners. The first of these two types is the fixed rate mortgage. Fixed rate mortgages are loans where the interest and the principal payments remain the same for the entire loan…
Preparing to Sell Your Home
Jessica Marie Figlar (Liberty Realty - Hoboken)
WHAT: You've decided to sell your house. What is the first step you need to do to get your house ready for the market? First, you should look at your home through the eyes of a prospective buyer and determine what needs to be cleaned, painted,…
 

Jessica Marie Figlar

Hoboken, NJ

More about me…

Liberty Realty - Hoboken

Address: 525 Washington Street, Hoboken, N.J., 07030

Office Phone: (201) 222-2900

Cell Phone: (908) 447-9968

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