From Contract to Closing
It appears undeniable that the residential real estate market is in recovery mode. As recently reported in the Times, even the low end of the market is showing signs of life. This fresh real estate activity, invigorates the interest of an essential group of players in an economic renaissance: first time home buyers. Notwithstanding the recent co-op and condo trophy deals, without the entry level buyer, there is no foundation for a sustained recovery.
The Learning Curve
Although long on enthusiasm, folks new to real estate, know very little about the nuts, bolts and risks of actually buying a home or apartment. Navigating the real estate brokerage portals is relatively easy, but once a property has been identified, there is much work ahead before the parties show up at the closing table. Questions beginning with "why" and I don't understand" seem to be never ending...
A Buyer's Road Map
With the goal of presenting a comprehensive overview of what to expect once an offer is accepted, "From Contract to Closing" covers the major steps to be taken on the road to a successful transaction. As most real estate professionals will confirm, the uncomplicated transaction is harder to find these days. Make sure you handle the basics, so there's time to work out the bigger issues that will invariably arise...