Todd Hays Spokane Real Estate Blog

In a real estate transaction closing is when the buyer retains title of the property. This is when the title deed and loan are recorded at the county courthouse. In today’s housing market, this will normally take about 45 days from the time that the purchase terms were agreed upon by the buyer an...

Escrow is a term used in real estate transactions that would appear to have several meanings. It actually has one meaning that applies to a handful of situations in real estate.    Escrow is a provision made between parties in a transaction for the disbursement of funds and documents. Escrow will...

When you are discussing home loans there is a difference between interest rate and APR. The interest rate on a home loan is the amount of interest you pay on the principal expressed as percent per year. Hold on, now that sounds like annual percentage rate. No, annual percentage rate, or APR is so...

There are many credit issues such as credit scores, derogatory credit, employment history, cash available and debt to income ratio that can make qualifying for a mortgage a challenge. Owner financing may be a solution when a buyer is not able to get a mortgage through a lender.     What incentive...

In Spokane Washington we have a buyers’ housing market.  In Spokane Washington we have a sellers’ housing market. Ok, can it really be both? Can it be win win?  When you have a real estate market with a lot of activity, sellers are selling and buyers are buying. This is in contrast to the market ...