Tuesday, February 23, 2021 / by Sandy Gabrielli
Here’s a helpful overview of the closing process in a real estate transaction.
Buying a home? Click here to start your new home searchSelling a home? Click here for an instant home value check
“What is closing, and how long does it take?” Closing is when the loan and escrow process has been completed and you get the keys to your home. There is a multistep process for getting you through your escrow and closing, and it commonly involves the coordination of roughly 50 people.
How long that process takes depends on a lot of variables, but most closings range from 30 to 45 days. One of the most important variables is the type of financing you use. Cash buyers can close faster than those who purchase with a loan, and some types of loans can close faster than others. As a buyer, your timely responses to inquiries and documentation requests also play a big part in how fast things will be able to move forward. You want to be as communicati ...
Monday, January 8, 2018 / by Sandy Gabrielli
Buying a home? Click here to start your new home search
Selling a home? Click here for an instant home value check
When we get ready to put a home on the market, we use four different data points to determine the price we should list it at. Each one gets us closer to that sweet spot where the home will sell quickly and for a great price:
1. What are the homes selling for in your immediate area? We take a look at all the homes that are currently on the market and where they are listed, as well as the prices from all of the home sales in the last six to nine months.
2. The tax value. What we’re looking for here is the ratio that homes are selling in your area compared to their tax-assessed value.
4 home pricing factors/ The pieces of the pricing puzzle
3. What does Zillow say your home is worth? Most homeowners understand that Zillow’s valuations aren’t entirely accurate, but they are another good way to measure yoursel ...