earnest money: What Are Proof of Funds? - 06/12/22 01:05 PM
Are you planning on buying a home and paying cash? If so, you're likely going to need to be able to prove to the seller and their real estate agent that you have the money. This will be done by providing a proof of funds letter.
Proof of funds is a document that shows you have the money to invest. It is usually a paper trail that goes back to your bank or other investment accounts.
Let's look at everything you need to know about POFs so you can ensure you'll land the home of your choice.
What Does Proof of Funds Mean When … (5 comments)

earnest money: When Can A Seller Keep A Buyer's House Deposit? - 05/01/22 08:33 AM
A common question among home buyers is whether the seller can keep their house deposit. The answer is they can and do when the buyer does not fulfill their contractual obligations.
Understanding who keeps the earnest money when a sale falls through is an essential topic to understand. Both buyers and sellers often ask if earnest money is refundable.
There are times when purchasing a home that a buyer does not keep up their end of the bargain. Sometimes a home buyer will intentionally violate a real estate contract and other times they are just naive.
The latter is a shame because they have … (3 comments)

earnest money: What is Escrow in a Real Estate Transaction - 11/22/21 06:19 AM
Escrow is an important part of the home buying process. Despite this, many buyers and sellers might not understand how does escrow work and how vital it is.
When you are involved in either buying or selling a home, you need someone to hold onto documents and funds during the transaction. This should ensure the paperwork and money are released to the right people at the right time.
A third party is needed to deal with these things to ensure it is fair to both the buyer and the seller. This might be a title company, a law firm, or a specialist escrow … (0 comments)

 
Bill Gassett, Metrowest Massachusetts Real Estate (RE/MAX Executive Realty)

Bill Gassett

Metrowest Massachusetts Real Estate

Hopkinton, MA

More about me…

RE/MAX Executive Realty

Address: 22 South St #203, Hopkinton, MA, 01748

Office: (508) 625-0191

Fax: (508) 435-5550

Metrowest MA Real Estate - Realtor specializing in home sales in Hopkinton, Milford, Holliston, Ashland, Southboro, Westboro, Upton, Mendon, Hopedale, Grafton, Medway, Northbridge, Franklin, Framingham, Shrewsbury, Northboro, Bellingham, Sutton, and Uxbridge MA. Includes Real Estate home selling & buying tips, Homes for sale in and around Metrowest.



Listings

Links

Archives

RSS 2.0 Feed for this blog