Teach the public about Real Estate

A breach of contract happens when someone backs out of a real estate deal, or fails to do something they agreed to do, without a legal reason to do so.

The last time you, as the buyer, get to walk through the home before it's officially yours. It usually happens within 24 to 48 hours of closing

The good news is that bad credit doesn't automatically shut the door on homeownership, it just means you'll likely need to take a slightly different path to get there.

Yes, it is. Since July 1, 2024, Iowa law has required buyers to sign a written agreement with their real estate agent before that agent shows them a property.

You can expect to pay somewhere in the range of 5.7% to 5.9% of your home's sale price in total realtor commission.

Closing documents are the final legal papers signed during a real estate closing to complete the home sale and transfer ownership.

Buyers usually pay about 2% to 6% of the loan amount in closing costs, depending on the lender, loan type, and location.

An appraisal is a professional opinion of how much a home is worth. In real estate, it is used to estimate the fair market value of a property based on its condition, size, location, and recent sales of similar homes in the area.

A counteroffer is a response to an initial offer in a real estate transaction. Instead of accepting the original terms, the buyer or seller suggests changes to the deal. This could be about the price, closing date, contingencies, or other conditions.

A home appraisal usually takes 1 to 2 weeks on average. From ordering to receiving the final report.

When buying a house, the buyer usually pays for the appraisal in most situations. This is one of the common upfront costs that comes with getting a mortgage.

A contract amendment is a formal change to an existing agreement. Instead of starting a new contract from scratch, a contract amendment allows both parties to update certain terms while keeping the original agreement intact.