Found 726 blog entries tagged as buying.

Real Estate Word of the Day: Principal

Principal refers to the original amount of money borrowed to purchase a property. It's the initial loan amount that you agree to repay over time, often with added interest. Essentially, the principal represents the actual cost of the property, excluding interest and other fees.

The principal amount directly influences the terms of your mortgage loan, including the monthly payment amount and the total interest paid over the life of the loan. Typically, larger principal amounts result in higher monthly payments but may lead to lower interest rates if you have a good credit score and meet other lending criteria.

The principal amount forms the basis for building equity in your property. Equity is the…

227 Views, 0 Comments

Real Estate Word of the Day: Pre-Approval

A pre-approval is essentially a lender's conditional commitment to provide you with a mortgage loan of a specified amount based on your financial situation and creditworthiness. It's different from pre-qualification, which is a more informal assessment of your finances.

To obtain a pre-approval, you'll need to submit an application to a mortgage lender or broker, such as our preferred lender Think Mortgage. They'll review your income, assets, credit history, and other financial information to determine how much they're willing to lend you.

One of the most significant benefits of getting pre-approved is that it gives you a clear understanding of your budget. Knowing how much you can afford helps…

162 Views, 0 Comments

Real Estate Word of the Day: Multiple Listing Service

Multiple Listing Service, often abbreviated as MLS, is a comprehensive database system utilized by real estate professionals to share information about properties available for sale or rent. It serves as a centralized hub where agents and brokers can access detailed listings of properties across a particular region.

Imagine an MLS as a vast network connecting real estate professionals, enabling them to collaborate and streamline the process of buying and selling properties. When a seller decides to list their property with a real estate agent, pertinent details such as the property's location, size, features, and asking price are entered into the MLS database.

This information becomes…

254 Views, 0 Comments

Pros & Cons of Owning a Vacation Home:


Vacation homes are secondary homes that some own to get distance from their primary residence and to get some needed time away. When you think of vacation homes, you think of tranquility, peace, a place to de-stress from your day to day lives. A vacation home can be a great place to spend time with family and friends to make memories which can come with many benefits to owning!

A vacation home allows a convenient get away whenever you want. You no longer have to stress about booking a hotel or worrying about availability and cost. You have the ability to be flexible when you want to go and not worry that you have to go for a set period of time. It’s extremely convenient that you won’t have to pack a lot.…

212 Views, 0 Comments

What is Found During a Home Inspection

Home Inspection

As warmer weather comes our way, more homes are listed and more homes are being sold! Having a home inspection is a crucial part that goes into all home purchases. A home inspection is an assessment on a property that is being prepared to be sold.

Some of the major things that are discovered during an inspection can include:

  • Heating and cooling issues
  • Plumbing problems
  • Electrical work
  • Work and Sewer Issues
  • Safety issues and maintenance problems
  • Fire safety
  • Mold
  • Pests ranging from Termites and others

All of these following issues can cause significant problems in the future and if not caught in time can cause very expensive problems. The main point of the inspection is to…

566 Views, 0 Comments

Real Estate Word of the Day: Homeowner's Association

A homeowner's association is an organization within a residential community that establishes and enforces rules and regulations to maintain property values and quality of life for its residents. These communities can range from single-family homes and townhouses to condominiums and planned developments.

HOAs set forth rules and guidelines governing various aspects of community living, including architectural standards, landscaping requirements, noise regulations, and pet policies. These rules help maintain a cohesive and visually appealing neighborhood aesthetic.

Many HOAs are responsible for the upkeep of common areas such as parks, pools, clubhouses, and landscaping. These amenities…

350 Views, 0 Comments

Real Estate Word of the Day: "As Is"

When it comes to buying or selling real estate, the term "as is" often appears, but what does it really mean? In simple terms, selling a property "as is" means that the seller is offering it in its current condition, without making any repairs or improvements, and without any warranties or guarantees regarding its condition. Essentially, the buyer accepts the property with all its faults, defects, and issues, if any, without the seller being obligated to address them.

For sellers, listing a property "as is" can offer certain advantages. It provides transparency about the property's condition upfront, which can save time and hassle during negotiations. Sellers are not required to invest additional time or money…

319 Views, 0 Comments

Pros and Cons of Hiring a Property Manager

Happy Home

An individual or business engaged to supervise a real estate unit's daily operations is known as a property manager. When they are unable or unwilling to handle the properties themselves, real estate investors and property owners usually hire property managers. A property manager plays the important role of managing a specific property and listens to the list of regulations that the property owner sets out for them.

As always when it comes to putting your trust in a person or a team to run your business for you whilst you are handling the behind the scenes work, there are always pros and cons. Managing many properties and maintaining tenant satisfaction may be challenging. If you don't have the time to…

388 Views, 0 Comments

Our Million Dollar Sales in 2023!

With the start of 2024, we wanted to shed light on our sales of 2023 and showcase how our agents are always able to work diligently to sell homes no matter what obstacles come their way. We first want to thank our amazing clients who without them none of this would be possible, but maybe more importantly we wanted to thank each and every single one of our agents who represented their clients with the utmost amount of professionalism and integrity, all while upholding the values of what it means to be a Tom Crimmins Realty Agent. We are so proud of all of our agents, and we wish them nothing but continued success moving forward! Thank You for fully embodying the characteristics of the Tom Crimmins Realty Family.


424 Views, 0 Comments

Real Estate Word of the Day: Under Contract

When a buyer identifies a property they're interested in, the first step is to make an offer. Once the seller accepts the offer, the property transitions into the under contract phase. This period is often a time of anticipation and optimism for both parties involved. Being under contract essentially means that both the buyer and seller have agreed on the terms and conditions outlined in the purchase agreement. This agreement typically includes details such as the purchase price, closing date, and any contingencies that must be met for the sale to proceed smoothly. 

Contingencies, often included in the contract, are conditions that must be satisfied for the sale to move forward. Common contingencies…

391 Views, 0 Comments