31 October

Land Transactions

Why Are Escrow Periods So Long? In most real estate transactions, escrow opens when the purchase agreement is fully executed by both buyer and seller.  With home resales, the typical escrow period lasts around 30 days, allowing the buyer to …

29 October

Cost Categories

What Makes Up Finance Costs? In a previous post, we talked about indirect and soft costs related to construction.  One of the more important cost categories is “Finance”, which primarily refers to the loan interest and fees related to construction …

24 October

Cost Categories

What Are Indirects? Keep in mind that terminology can vary from region to region, but one of the more common terms related to costs and pro formas tends to be “direct construction” or simply “directs”.  I like to think of …

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