HomeLight

JANUARY 17, 2024

A major issue was revealed in the home inspection: Discovering significant problems like structural damage or major system failures during inspection can be a deal-breaker. Buying a house is a major milestone, but what happens when you have second thoughts, or you can’t fulfill the agreement you signed?

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Norada Real Estate

APRIL 15, 2023

Home Inspection Contingency One of the most common contingencies that can affect the length of the under-contract period is the home inspection contingency. This contingency allows the buyer to have the home inspected and negotiate repairs or credits with the seller. But how long can a house be under contract?

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RIS Media

APRIL 8, 2022

Home inspection problems. Home inspections are standard practice when buying a home and don’t usually stop a sale unless there is a severe underlying issue with the property. The title search reveals issues. The title needs to be clean. Contingent meaning. Real estate listings go through different stages.

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HomeLight

JULY 12, 2024

Here’s what you can expect: Title search: Verifying the property’s legal ownership and any existing liens or claims. Home inspections: Conduct a thorough inspection of the property to identify any issues that need addressing. Required repairs: Making necessary fixes based on inspection results.

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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

MAY 24, 2022

Every home sale has its quirks, but in general, “a cash sale can be turned over in a week to two weeks,” according to Suz Poepke Pohl, owner and escrow agent at Cygneture Title for the past 10 years. Many companies combine title and escrow services under one roof, as their functions are closely interrelated. Why pay cash for a home?

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HomeLight

OCTOBER 30, 2020

Problems come up during inspection. However, an inspection contingency will often be used by any buyer, whether they’re using financing or paying cash. If you’re looking to buy a home, you’ve probably heard that cash is kind of a big deal in real estate. But is the cash closing process always seamless? Because it’s fast. Not always!

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Realtor.com

NOVEMBER 15, 2022

Seller concessions occur when a seller agrees to cover the cost of things the buyer usually pays for, such as closing costs , title searches, property appraisals, and other fees. Sellers can also offer to pay for repairs should the home inspection reveal that they’re necessary.

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BAM Media

MAY 28, 2024

In the title search the buyer’s attorney found that an order of conditions from the conservation commission was pulled when your family did work on the deck, and it still needs to be inspected in order to close the sale with a clean title. Not just ourselves but our industry. DON’T SAY: “…” DO SAY: “Hi Matthew.

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HomeLight

MARCH 2, 2023

This Pacific Coast city combines the urban vibes of art and culture alongside fun physical activities like surfing or boating. People who live here love the proximity to some of the west coast’s best beaches, as well as being close to destinations like Disneyland, Joshua Tree National Park, and the deserts of Palm Springs.

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HomeLight

APRIL 20, 2023

Typically, buyers are responsible for mortgage and inspection-related costs, and sellers are responsible for agent and documentation-related costs. For example, a motivated seller might consider covering part or all of the inspection and appraisal fees for a buyer in order to help close the deal.

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HomeLight

JANUARY 5, 2022

Whether you have a mountain cabin, beach bungalow, ski slope condo, or beautiful home anywhere in the country, you’ve probably heard more than one visitor exclaim: “Wow! This place is gorgeous! If you ever decide to sell, please let me know.”. Well, that day has come. And, it turns out your friend is serious about buying your home. Find Agent.

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Realty Biz

JUNE 20, 2023

Researching Foreclosures Start your search by understanding the real estate market in your area. Auctions often offer the best discounts but also carry the highest risk, as you usually cannot inspect the property beforehand. Inspect the Property: Always inspect a foreclosure before purchasing.

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Realty Biz

JANUARY 9, 2024

Selling your first home can be an exciting yet overwhelming experience. As a first-time home seller, you'll want to navigate the process smoothly, maximize your profit, and minimize stress. To help you achieve these goals, we have compiled a list of essential tips that will guide you through the process. It is no longer a robust seller's market.

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Purchase and sale agreement Earnest money deposit Title search Title 95

HomeLight

JULY 31, 2022

You’ve decided it’s time to buy a house ! One of the first steps is to pick a real estate agent to work with. But what if you decide that you don’t want to work with a buyer’s agent to buy your home? Well, welcome to your step-by-step guide to buying a home without a real estate agent. Find a lender you can trust. Research your ideal neighborhoods.

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HomeLight

JULY 25, 2023

Sell Your House for Cash: Request an Offer Today HomeLight provides you with a convenient, no-obligation all-cash offer to buy your home, on your timeline. No repairs, no staging, no showings — and close in as little as 10 days. Request Offer However, selling a house for cash also usually means leaving some extra money on the table.

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Realty Biz

AUGUST 22, 2022

Here are a few of those potential additional costs: Home Inspection Fee. They will come and inspect the property to make sure that it is in good condition and that there are no major problems. Many people will try to avoid getting a home inspection in order to save money. Home Appraisal Fee. Homeowners Insurance. Closing Costs.

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HomeLight

MARCH 6, 2023

While it’s long been considered a hub for big tech, the Bay Area, which includes San Francisco, Oakland, San José, and Sonoma, is also family friendly, diverse, and rich in arts, culture, and history. The Bay Area is also close to beaches, national parks, and the wineries of Napa Valley. Looking to Buy Your Dream Home in the Bay Area?

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Realtor.com

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. It’s rarely advisable to waive an inspection contingency. Clear the title.

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HomeLight

OCTOBER 28, 2021

For example, he says that although it’s customary for sellers to pay for title insurance in Florida, most sellers don’t realize it and become alarmed. “It These charges, also referred to as settlement fees, are due at the end of the transaction when the title of the property is transferred to the buyer. What are closing costs?

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HomeLight

JUNE 23, 2022

It is usually held in the broker’s or title company’s trust or escrow account until closing. DISCLAIMER: This blog post is meant to be used for informational purposes only, not legal advice. What is earnest money? Earnest money is often referred to as a “good faith” deposit. The typical amount is around 1% of the purchase price (ex. $5k

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RIS Media

SEPTEMBER 21, 2020

If you’re searching for your first new home, you will likely hear many words that you’ve never heard before. Here are 15 homebuying terms you should become familiar with before you start your home search: . Fees may include the appraisal, the home inspection, a title search, a pest inspection and more.

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HomeLight

SEPTEMBER 1, 2022

While the median price of a home in Connecticut was $361,501 , as of July 2022, housing prices can vary greatly, and those seeking to buy in some of the more sought-after areas might find themselves paying well over one million for their dream home. Let’s dive into the steps of buying a house in Connecticut: 1. Assess your readiness.

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HomeLight

OCTOBER 20, 2022

Preliminary title report. Doing a title search before you put your home on the market alerts you about any pending taxes, restrictions, or liens on the property that you’ll have to clear before selling. Pre-inspection. For Sale By Owner (FSBO). How Much Is Your Home Worth Now? Mortgage statement with payoff amount.

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Purchase and sale agreement Pre-approval Inspection Title 111

HomeLight

JULY 31, 2020

Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. It almost certainly will not move as quickly as anticipated. is not a simple or finite one.

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HomeLight

MARCH 31, 2021

Title search fee. After you accept the buyer’s offer, an attorney performs a title search to ensure the property is free and clear of liens or other conflicts of ownership. On average, title search fees run between $100 to $200. Title insurance. On average, title insurance costs between 0.5%

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Closing costs Closing Purchase and sale agreement Title search 105

HomeLight

NOVEMBER 9, 2021

If you need to sell your home pronto, now is a great time. The recent housing market has been hot and competitive due to an extreme lack of inventory. 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? You simply request a cash offer from fully vetted cash buyers.

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HomeLight

SEPTEMBER 1, 2022

And while those are all great perks, there’s a lot more to the Sunshine State than amusement parks and beaches. Florida, which averages 237 sunny days a year (hence the Sunshine State moniker), is known for its generally mild climate and an abundance of outdoor activities. With all these benefits, it makes sense that Florida’s population is booming.

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HomeLight

AUGUST 24, 2022

Disclaimer: A friendly reminder, information in this blog post is meant to be used for educational purposes only, not as a substitute for professional tax or legal advice. Looking to connect with a Florida cash home buyer for a quick sale in the Sunshine State? Good news: Housing in the Sunshine State couldn’t be a hotter commodity.

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Marco Santarelli

AUGUST 16, 2024

Home Inspector: A thorough inspection is non-negotiable, even for seemingly perfect properties. The allure of real estate investment is undeniable. It's a tangible asset with the potential for appreciation, passive income, and long-term financial security. Fear not, intrepid investor!

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HomeLight

NOVEMBER 10, 2021

If a buyer uses an agent, a seller may also be asked to pay all or part of the buyer’s agent commission. Who pays closing costs when selling a house depends on what’s custom for the location where the property is sold as well as how negotiations unfold. Source: (Shot by Cerqueira / Unsplash). Buyer’s agent fee (~3%). When FSBO buyer is known.

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Realty Biz

APRIL 8, 2024

Answer: Closing costs are fees for finalizing the mortgage, including appraisal fees, title insurance, and more. They are the costs of obtaining a home mortgage, including title search, origination fees, municipal lien certificate, legal fees, recording fees, and more. Buying your first home is a big deal. Answer: It varies.

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Redfin

AUGUST 29, 2024

These fees, covering everything from title searches to local taxes, are a key part of finalizing your home purchase. Inspection fee Although not required, a home inspection is highly recommended. Home inspections generally range from $300 to $500 in cost and are usually paid at the time of service.

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HomeLight

JUNE 19, 2023

If you know for certain you want to buy land, but don’t have any specific property in mind yet, try doing an online search. LandWatch is a free online resource you can use to search for rural properties and land for sale. While everyone you know is talking about buying a house, the thing you’re eyeing isn’t a building.

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RIS Media

JANUARY 18, 2022

A title search may reveal a lien on the property, the buyer may be unable to get financing because of a low credit score or high debt-to-income ratio, or the house may appraise for less than the agreed-upon price. Common contingencies relate to a home inspection and financing, but there may be others. What Is a Pending Sale?

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HomeLight

NOVEMBER 9, 2021

New York sellers cover these closing costs. Closing costs are the fees paid to finalize the real estate transaction. Some of them are negotiable, but certain charges are mandatory, such as taxes and fees for home sales in New York City. There can be additional costs depending on the type of property sold. Property taxes. Star exemption.

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McKissock

JULY 26, 2022

Timeliness and types of inspections. because they feel the offer price is too low, too many repairs or inspections are requested, etc.), Purchasing property, especially a home, can be a very emotional experience. As a buyer agent , it is your job to be the voice of reason, the buffer, and sometimes the peacemaker. Making an offer.

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