Asifa Zia -The Realtor YOU want

     At the close of last year, many real estate experts predicted the U.S. Federal Reserve would  raise interest rates in 2015 . That prediction never came to be, but even if rates rise later this month or next year, Ralph McLaughlin, a housing economist at Trulia, doesn't think it will scare away many buyers. If rates do increase, it could be as little as a quarter percent. McLaughlin doesn't expect that to have a big  impact on the market , but it could temper home price growth, "which is good news for prospective homebuyers," he says. "Interest rates won't have much of an effect on the 'rent versus buy' math," he explains. "Buying would still be cheaper than renting in most metros around the country." The threat of last year's rumored rate increase propelled some prospective buyers into action, but Nela Richardson, chief economist for national real estate brokerage Redfin, doesn't see that same pattern repeating

                                           Whenever you have done a Real Estate transaction, you have heard this word.  And sometimes when you are about to do a Real estate transaction, your Realtor talks about this account.            I will try to explain, what this account is about and why is it important.        When an offer is accepted, the earnest money is deposited into the Real estate brokers escrow account. At closing the earnest money is received back.            An Escrow account is basically a holding account. When you are buying a house , a title company, or a lawyer holds the deposits and the paperwork. So that details are worked out between buyer and seller. At the closing, the escrow officer, records the deed and the funds are distributed.          After the sale, the mortgage lender sets up an account. The account is set up to pay certain property related expenses on the buyers behalf, for example, property insurance, homeowners insurance etc. Each month, you pa