When you’re buying a loft or condo in Downtown Los Angeles and using a mortgage (like most people do), you’re going to hear all kinds of industry terms. Here’s how to make sense of it all. 7 Mortgage Terms You Need to Know Check out these common terms: Amortization Appraisal Closing costs Earnest money Points […]
What is Escrow When You Buy or Sell a Loft or Condo in DTLA?
Can You Get Out of Your Contract if You’re Buying a Condo?
Sometimes you’re excited to buy a condo and something happens… and suddenly, you know that buying it isn’t the right choice for you. But is there a way to get out of a real estate purchase contract if you’re buying a condo and already halfway through the process? Can You Get Out of Your Contract […]
Hidden Costs of Buying a Home
When you’re buying a loft or condo for sale in DTLA, you know there are a handful of hidden costs – but what are they? Here’s what you need to know. Hidden Costs of Buying a Home Earnest money Closing costs Property taxes Homeowner’s insurance Earnest Money Earnest money is an important part of buying […]
Let’s Talk About Earnest Money
When Can You Get Your Earnest Money Back?
In many cases when you’re buying a condo or loft for sale in Downtown Los Angeles, you can get your earnest money back if you cancel the transaction… but in some cases, you can’t. Here’s when you can. When Can You Get Your Earnest Money Back? First things first: Your Realtor(R) will build contingencies into […]