Escrow 101: What You Need to Know | Freshome Real Estate Guide

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Here's our glossary of everything you need to know.. It can feel like mortgage lenders and real estate agents speak a secret language.

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Whether you call it a purchase agreement, real estate contract, or home. Your real estate agent and/or attorney can serve as guides.. Know what to look for and what your duties as the buyer are.. Do you need a real estate agent to buy a home?. And most contracts call for a 30 or 45-day escrow.

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Know what to expect and what you should do from listing to closing.. details can vary a little from state to states but this checklist can serve as a general guide.

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Here's a complete, step-by-step guide to help you navigate all the twists and turns. Understand why you want to buy a house; Check your credit score; Create a.. Before hiring a real estate agent, find out about their track record, and down payment, depending on the escrow company's procedures.

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Learn the series of steps that lead up to closing the deal on your new home before you take possession.. If you're still interested in the property, have your own inspection done. 12 Steps To Closing A Real Estate Deal.

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