Tag: #MonmouthCountyRealEstate
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What is Escrow?

Escrow is a legal arrangement where a neutral third party holds funds and/or documents on behalf of two or more parties involved in a transaction until all the conditions of the agreement have been met. The primary purpose of an escrow arrangement is to protect the interests of all parties involved in a transaction. In…
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What is a “Highest and Best” offer?

In the world of real estate, a “highest and best offer” refers to the best possible offer that a buyer can make on a property. This is typically used in situations where multiple buyers are competing for the same property. When a property is listed for sale, potential buyers will typically make an offer to…