The current economic situation in the United States seems dire: Widespread non-essential business closures as a response to COVID-19 have led to skyrocketing unemployment rates. Although job availability has increased since April, the unemployment rate is still above 11% (compared to only 3.5% in February), and states that have previously lifted restrictions are starting to […]
The Seller’s Net Sheet: Explained
It’s fairly common, especially for first-time home sellers, to finalize the purchase of their home, receive their money, and then ask, “but where’s the rest of it?” That’s because, if you sell your home for, say, $300,000, you end up receiving significantly less than that in actual cash. Selling a home costs money; there are […]
Transaction Coordinator vs. Real Estate Agent – What You Really Need
A home sale is probably the most complicated financial transaction the average American will ever participate in. Hundreds of thousands of dollars change hands, everyone from real estate agents to county officials to bank and mortgage employees are involved. Not to mention local, state, and federal laws have to be satisfied. It’s a lot of […]
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