Real Estate Agents often use the terms "sign" or "signing", "fund" or "funding" and "close" or "close of escrow". The terms can be confusing as you get closer to the end of your escrow period and many think they are one and the same and occur on the same day. It's also confused with the actual signing of the loan documents. Click through for a breakdown of what occurs during the last 7-10 days of the escrow period.
Front steps in San Francisco are commonly made of Terrazzo, small bits of ground stone. The steps of this building caught my eye because the owners added something unique: they embedded snails throughout the entryway steps.
As if you needed more reason to live in this beautiful city of ours, here's two more: According to a study conducted by Pricewaterhouse Coopers, San Francisco ranks as the third most "opportunity-rich city" behind New York and Toronto, but ahead of London and Paris. And we rank as the best summer vacation spot according to U.S. News. The best weather, a growing economy, a gorgeous setting. What more could you want?!
You want to write an offer but want to know what your protections
are, and if you have any 'outs' after your offer is accepted? That is
what contingencies are all about.
Congratulations! The sellers accepted your offer and you've entered
the escrow period during which your loan is processed and you perform
your due diligence on the home. As you know, lenders have become very
stringent with their requirements for lending. Once your mortgage adviser has pre-approved you for a loan, you don't want to upset the apple cart by changing the criteria used to get you pre-approved.
Just before escrow closes, buyers should do a Final Walk Through...what is it and why is it important?
This caught my eye at a home I was previewing today. A human, sympathetic to the vertical clearance a cat needs when scooting under a fence, notched cat ears and enough space for a cat to comfortably scoot under a fence between properties. There were several of us who thought this was an "awww" thing to do. Not sure how a dog next door might feel about it but it sure added a little humor to our tour.
A question often posed by buyers and sellers alike: Does installing solar panels increase the value of a home? Finally, a newly released study shows that for a home with a typical 3.1 kilowatt solar system, the resale value is boosted by $17,000 above the cost of a comparable home without solar panels.
SFPark, San Francisco's experiment with time-based meter rates launched this week. The first roll-out is in the Marina, soon to be followed by the Civic Center, Hayes Valley, the Financial District, SoMa, Fisherman's Wharf, the Mission, and the Fillmore district. The idea is to increase parking fees when demand is high and reduce them when spaces are available so that drivers do not have to circle the block endlessly in the hopes of nabbing a parking space.