So, seller, you’re all packed up and ready to go. You’ve signed your deed already, and perhaps a power of attorney. Congratulations! But you might be wondering: What paperwork still needs to be signed at closing (whether you’re there or not)?
This week Mark dives into the nitty gritty of the remaining documents, which ones you need in order to cancel your homeowners insurance policy, and a few details about title insurance and taxes — giving special attention to one of the most complex forms in the closing package.
Don’t forget to tell your real estate, financial and mortgage professionals you want to work with the team at Stiles Law to get the job done.
With the state of the housing market right now, the question on everyone’s mind is this: When is the market going to crash? People worry that it’s feeling just like 2008 all over again. And we know that history repeats itself, if we don’t learn from our mistakes.
We’ve built a scarce marketplace thanks to the supply and demand imbalance. As a seller, you can get a lot for a house right now because of the shortage. Like a precious diamond, that which is desired most increases in value and in cost. In the past, an abundance of loose and risky loan products created false value, upsetting the natural process.
We’re not quite there yet. But we’re urging you to be vigilant and watch for the indicators, especially come fall and winter. Don’t forget to subscribe!
Is cryptocurrency the moolah of the future? Is it even real?
It’s becoming increasingly apparent that crypto is here to stay.
But can something so seemingly abstract be used to buy something as concrete and tangible as real estate? Technically… yes. If the agreement is made between buyer and seller on this consideration, it is feasible.
However, of course there are hurdles because of the taboo surrounding it. Mainly, obtaining loans and title insurance is nearly impossible with a crypto purchase, unless it gets transferred into cash first.
Right now there are lots of restrictions, but it may not stay that way forever. To find out a bit more on cryptocurrency as an asset, check out the video.
The spring housing market is revving up… it’s time to sell! But where should you start?
There are many careful considerations in this process. Because every situation is unique and different, you want to be sure to surround yourself with professionals you can trust. In addition to your listing agent, you’ll want an attorney on your team to guide the legal parts of the process, particularly all the essential documents.
Mark has been using Calendly to connect with people who have questions about where to start. Truthfully, the first step is to strategize.
Visit calendly.com/mstiles to schedule a no commitment strategy call and talk it through so you can get the ball rolling.
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Now is a great time to sell, don’t get us wrong, but tackling it by yourself is never the best idea. Are you fully equipped on your own to deal with and understand contingencies and clauses? Marketing your property? Capital gains? Analyzing multiple offers? Title? It’s overwhelming, and you’re bound to let some things slip through the cracks along the way. Instead, consider finding a team of professionals to support you through the selling process.
Historically speaking, now is the time to get the best value out of your home, but people are scared. They may want to sell, but they’re afraid to leave because inventory is low and they don’t want to be caught with nowhere to go, so they don’t leave. And because of that, inventory stays low. It’s a vicious cycle. How do we loosen up the inventory?
Sellers should be made aware of the options they have that might suit their needs. For many people, it’s not always practical to buy before you sell, rent for a period of time or stay in a vacation home temporarily. The option of a sale-leaseback presents its own challenges, especially when it comes to lenders.
A suitable housing contingency could be the answer you need to feel protected. Sometimes buyers are willing to wait for an agreed-upon amount of time to give you an opportunity to find your own property to purchase, with the assurance that they can be reimbursed if something goes wrong.
Finally, always remember to collect a trusted team of real estate professionals around you to guide and advocate for you.
Strategize and find solutions @ calendly.com/mstiles You can always contact Stiles Law by calling (781) 319-1900.