Insights & advice to help you get more out of real estate.
Income Properties
Debt – Leverage or credit
These three terms are often used interchangeably. However, they actually have subtly different but important distinctions in the context of real estate. When we use the term leverage we’re talking about borrowed money that’s used to purchase a home or property but more specifically, it’s providing a mechanical advantage to increase equity. In other words,…
Buying A Home
Earnest Money – How Does it Work?
When we’re talking about earnest money in a contract to purchase a home, we’re talking about a specific amount of money that is contributed by the buyer as part of their offer. This “good faith” money is set aside and applied to the purchase price at closing. Every transaction is different but a good rule…
Selling Your Home, Buying A Home
Know Who’s on Your Side – The Brokerage Relationship Disclosure
Understanding the buyer’s and seller’s agents relationships within a transaction is your personal power play. Early in the conversation with any agent you should receive a copy of the Maine Real Estate Commission’s Real Estate Brokerage Relationship Form and have an in-depth conversation about it. This one page disclosure lays out in detail the difference…