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Transactions

Learn how to manage transactions

12 articles

Write an Offer

1 min read

Pin Transactions

If you are working on specific projects everyday and you need to access them there is an option to "pin" the project. The pinned projects will be shown on the bottom…

1 min read

The Final Closing Statement

The Final Closing Statement The Final Closing (Settlement) Statement is prepared by the escrow agent after payment of all obligations due under the escrow instructio…

1 min read

Signing the Closing Documents

Signing the Closing Documents At some point during the escrow, the transaction will become ready for closing. Once the closing papers are signed by the seller and bu…

2 min read

Hazard Insurance

Hazard Insurance Hazard insurance protects a borrower's property from many factors such as fire, windstorm, snow, freezing temperatures, volcanic eruption, explosion…

1 min read

Flood Insurance

Flood Insurance The National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973 established a national flood insurance program (NFIP), requiri…

2 min read

Title Insurance

Title Insurance For underwriting to approve the borrower's loan request, the title to the property that the borrower is purchasing must be marketable title. Marketab…

1 min read

The Preliminary Title Report

The Preliminary Title Report The preliminary title report is a report on the condition of title of the real property. The report contains information about the prope…

4 min read

Covenants, Conditions, and Restrictions (CC&Rs)

Covenants, Conditions, and Restrictions (CC&Rs) Covenants, conditions, and restrictions (CC&Rs) are private (as opposed to municipal) use limitations or restrictions…

2 min read

Escrow Instructions

Escrow Instructions The escrow instructions represent the written authorization of the buyer, seller, and lender for the escrow company to close the transaction. The…

2 min read

Home Inspections

Home Inspections A home inspection is typically a part of every real estate purchase transaction. While the appraisal provides an estimate of value for the lender or…

1 min read

Profit and Loss Reports

Profit and Loss reports give you an overview of income and expenses. These reports allow you to view categorized income and expenses and view your gross and net inco…

1 min read