Housing Wire

FEBRUARY 4, 2021

Here’s how Dannielle Hale, chief economist for Realtor.com, put it in her recent 2021 forecast: “The housing market in 2021 will be much more hospitable for buyers as an increased number of existing sellers and ramp-up in new construction restore some bargaining power for buyers, especially in the second half of the year.”.

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HomeLight

JUNE 8, 2023

Before you submit your bid, it’s important to understand what an Earnest Money Deposit (EMD) is, how you can use one to strengthen your offer, and how to protect your money should anything come up during your home-buying process. In higher-priced or competitive markets, deposits can reach up to 10%.

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Realtor.com

SEPTEMBER 18, 2020

Generally, waiving a home inspection is done to speed up the closing process. You might have to forfeit the earnest money deposit you’ve put down with your offer, but not necessarily if you’ve worded your contract right. Should you waive inspections in a condo or new-build home? What about condos?

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HomeLight

AUGUST 11, 2023

There’s a lot to review, but our real estate experts have helped break down the most common areas where real estate purchase offers can go awry and what to read closely before you sign. Find a top real estate agent near you We analyze millions of home sales to find real estate agents that sell homes faster and for more money.

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HomeLight

SEPTEMBER 1, 2022

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. As far as home styles go, new construction is trending toward a country style, says Raymer.

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HomeLight

AUGUST 9, 2022

Since a down payment is, as the term suggests, the amount of money you’re putting down on the purchase of your home, your mortgage lender will need to see proof of these funds fairly early on in the approval process. But that doesn’t mean the money will leave your account just yet. So the down payment is due at closing?

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RIS Media

MAY 19, 2021

However, this is just the start with many things to do before the status changes to “Closed.” It shows that the contract has been agreed upon, but some work still needs to be done before closing. Financing problems delay closing in around a third of all real estate transactions. Appraisal Contingencies.

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