Common Real Estate Terms and Definitions

Appraisal: An expert’s written estimate of a property’s current market value. As-is: Seller will not repair or correct any problems with the property. Back-up Offer: When an offer is [...]

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The Importance of a Final Walk-Through

Prior to closing, your LUX Real Estate Agent will schedule a final walk-through of your new home. A final walk-through is performed by the Buyer to ensure that the property is delivered in the condition [...]

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Anticipated Buyer Costs

Below are some costs that a Buyer may incur in the process of purchasing a home. Besides closing costs, the Buyer should plan on having additional funds available for the items below: Inspection(s) [...]

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Common Buyer Financing Mistakes to Avoid

Congratulations! You’ve made the decision to purchase a new home! If you are financing your purchase, below are common mistakes a Buyer should avoid as they can adversely affect your ability to obtain [...]

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The Importance of Financing Pre-Approval

If you require financing, it is necessary to obtain a pre-approval letter from a Lender before you begin the search for your new home. Your Lender will outline what price you can afford as well as what [...]

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Timeline for Buyers Outline

Meet with a LUX Realty North Shore Realtor®: Once you have chosen a LUX Realtor® to represent you in purchasing a home, your Realtor® can help you determine the type of home that best suits [...]

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