Realty Biz

APRIL 20, 2022

When you find a home you want to buy, your offer will contain many important terms and conditions. When you are not buying or selling a home everyday some of the terms may be foreign to you. Let’s look at the most common contingencies in an offer and what they mean to buyers and sellers. Home Inspection Contingency.

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HomeLight

NOVEMBER 9, 2021

If you need to sell your home pronto, now is a great time. For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). Just how fast can you sell your home? This means, using the conventional process, you can generally sell your home in as little as 48-75 days. Traditional Sale.

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HomeLight

JANUARY 13, 2022

You’re getting ready to call your agent to schedule a showing when you notice that the listing says the property is “active contingent.”. What on earth does active contingent mean? In this guide, we’ll take the term “active contingent listing” and break down what it means. What does active contingent mean?

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HomeLight

JULY 31, 2022

But what if you decide that you don’t want to work with a buyer’s agent to buy your home? Chances are, if you’ve decided that buying a home without an agent is the best choice for you — and you’re reading this — you need some guidance for how to go about the process on your own. You’ve decided it’s time to buy a house !

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Realty Biz

JULY 1, 2023

Navigating the escrow process is a critical aspect of home buying, ensuring a secure and smooth transaction for both buyers and sellers. Escrow acts as a neutral third party that holds funds and documents until all conditions of the home purchase are met. Selling your home can be a bumpy journey.

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HomeLight

JUNE 30, 2021

Even as an agent with over 400 homes under my belt and 11 years of experience, I would never buy in a market in which I’m not licensed without a real estate agent,” says Jessica Arledge , a top agent who works with over 76% more single-family homes than the average Savannah agent. Source: (KAROLINA GRABOWSKA / kaboompics).

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Purchase and sale agreement Inspection contingency Home sale contingency Inspection 98

Redfin

MARCH 3, 2022

Sometimes when a homebuyer wants to close on the home as quickly as possible, it can lead to unrealistic contract dates. For example, a termite inspection could show that there is damage that’ll require major repairs or the appraisal value of the home comes in lower than the price you offered on the home.

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HomeLight

JULY 29, 2022

When you’re buying a house, the list of what can go wrong at closing includes everything from issues with the mortgage loan and buyer’s credit, insurance snags, appraisal problems, title claims, and events beyond everyone’s control (such as natural disasters, or buyer or seller illness or death). Problem: Wire fraud (money goes missing).

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Closing Purchase and sale agreement Title Home sale contingency 105

Real Trends

DECEMBER 27, 2022

How often does a pending home sale fall through? A pending sale may be referred to as “under contract” by some real estate agents. A sale is considered pending until the seller formally accepts an offer from a buyer. A sale is considered pending until the seller formally accepts an offer from a buyer.

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Windemere Buying

AUGUST 31, 2022

It’s possible, but a more likely home buying experience is marked by negotiation, counteroffers, and a back-and-forth dialogue between both parties to reach a deal. Contingencies protect buyers and sellers against these natural characteristics of the home buying process and any problems that may arise before a home sale is finalized.

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Home sale contingency Inspection contingency Title Pre-approval 52

Windemere Selling

MARCH 14, 2022

If the seller chooses not to make the repairs outlined in the buyer’s home inspection report, the buyer can cancel the contract. As a seller, it’s important to be transparent in listing any issues with the home. Even if a buyer is pre-approved for their mortgage , they may not be able to obtain the right loan for the home.

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Home sale contingency Inspection contingency Purchase and sale agreement Pre-approval 52

HomeLight

JULY 26, 2022

Is it a yard sale? No…it’s a for sale sign!!! You’ve found yourself a FSBO home. What is a FSBO home? A “for sale by owner,” or FSBO (pronounced “fizz-bo”) home, is a home that is being sold by its owner who hasn’t hired a listing agent. In fact, 57% of FSBO sellers knew the buyer of their home.

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HomeLight

APRIL 15, 2022

A couple in Atlanta is ready to sell their charming and recently renovated three bed, two bath brick two-story home. They share photos of the home, complete a digital walkthrough, and have the property exterior inspected. They skip showing the home and drop their keys in a lockbox upon move-out. What is an iBuyer? Purchases.

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Redfin

JANUARY 26, 2022

When it comes to a real estate transaction like buying a home , a lot of important paperwork needs to be completed before you can call a home yours. One of these important pieces of paperwork is a purchase and sale agreement. . What is a purchase and sale agreement? What does the purchase and sale agreement consist of?

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HomeLight

MARCH 13, 2023

Looking for cash home buyers in Orlando? Whatever your reason for needing a quick sale without making a substantial investment, the Orlando real estate market is teeming with cash buyers ready to make a deal no matter your home’s condition. Need to Sell Your House Fast in Orlando? No showings, no repairs, no open houses.

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HomeLight

NOVEMBER 21, 2022

When the time comes to move, some tenacious homeowners in South Carolina are eager to take over the reins of their home sale and figure out how to sell a house by owner. As the market shifts, you may have new concerns about how much you can get for your home and the amount of your net proceeds.

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