Realtor.com

JANUARY 13, 2021

Katsumi Murouchi; ablokhin; Anna Peisl/Getty Images I thought I was up to the challenge of a long-distance home purchase during a pandemic. I had a trusted real estate agent from my last house purchase. Go beyond standard due diligence. Typically, the buyer pays for the home inspection during the escrow period.

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Due diligence Inspection Agents Closing 121

HomeLight

SEPTEMBER 10, 2022

Say you’re visiting yard sales on a Saturday morning and you come across the perfect wicker patio set, exactly what you’ve been looking for. These clauses are most often used when a buyer needs to sell their current home before purchasing a new one. A contingency is a condition that must be met for the purchase to proceed.

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Purchase and sale agreement Home sale contingency Sales Inspection contingency 111

HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Buyers were liquid with cash and there are a lot of sellers going that route rather than waiting on a traditional sale.

Sales 105

Sales Purchase and sale agreement Inspection Due diligence 105

Realtor.com

JANUARY 12, 2021

When is a sale a sale? It is absolutely critical that, as a seller, you understand the purchase agreement and any counteroffers you sign. “Read the agreements to find out if you have any outs in the contract,” says Meyers. Then it happens—another offer comes in, and a better one at that.

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Backup offer Purchase and sale agreement Due diligence Inspection 115

HomeLight

DECEMBER 31, 2020

You can put so much effort into prepping your house for sale that you forget what happens after you receive an offer. Putting your John Hancock on a home sale contract might feel like the completion of a major financial deal, but it’s actually just the beginning of the home sale process. What does “sale pending” mean?

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Closing Backup offer Sales Inspection 105

HomeLight

AUGUST 31, 2021

But what if a portion of your rent were going toward purchasing your rental home at a later date? Rent-to-own basics: Crediting rent toward a future purchase. A rent-to-own deal means you can start paying toward a home purchase even if you can’t technically qualify for a mortgage yet. Source: ( Shopify Partners / Burst ).

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Purchase and sale agreement Due diligence Closing costs Mortgages 124

HomeLight

MAY 24, 2022

If you only pay cash for the down payment, and take out a mortgage for the remainder of the purchase price, it keeps more money in your pocket. Everyone involved will need time to perform their due diligence. A cash sale: Start to finish. With a cash sale, you can skip a few steps in the typical closing process.

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Purchase and sale agreement Closing Title search Title 111

Redfin

MARCH 4, 2025

Mold or mildew problems Presence of asbestos or other harmful materials As a result, agreeing to purchase a property as-is is a serious decision for any buyer. While technically not adhering to the legal definition of as-is, this is permissible as long as the parties are in agreement. What does as-is, where-is mean in a listing?

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As-is Due diligence Purchase and sale agreement Inspection 31

HomeLight

SEPTEMBER 15, 2021

Even if you’re listing your home without a Realtor’s® help, you’ll still need to gather the necessary paperwork for the sale and fill it out correctly. We hope it helps illuminate this tricky part of the sale, while giving you an honest idea of just how complex real estate transactions can be! Original sale contract.

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Purchase and sale agreement Inspection Title Pre-approval 116

HomeLight

FEBRUARY 14, 2022

These possibilities can be stipulated in the rent-to-own agreement — which is also sometimes referred to as lease-purchase, or a lease-option agreement. With a rent-to-own or a lease-purchase agreement, however, the tenant has already agreed to buy the home after a specified period.

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Purchase and sale agreement Due diligence Finance Equity 109

HomeLight

OCTOBER 30, 2020

A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. And if you add a home sale contingency into the mix (that is, if you need to sell your current home before you can buy a new one), closing the deal can take even longer. Problems come up during inspection.

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Closing Inspection contingency Title search Purchase and sale agreement 116

HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses.

Sales 93

Sales Purchase and sale agreement Earnest money deposit Investor 93

HomeLight

NOVEMBER 1, 2021

If you suspect this is the case and have evidence to back it up, you may be able to save the sale if you can convince the appraiser to reconsider. Approximately 9% of home appraisals come in below the sales price. The first step to saving the sale is to request a reconsideration of value (ROV). Reconsideration of value process.

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Sales Purchase and sale agreement VA loan MLS 110

HomeLight

JUNE 19, 2023

Basically, a rent-to-own real estate purchase means that you can live in the house as a renter with the intent to close on the home at a date in the future. Lease purchase: This type of contract requires the buyer to purchase the property at the end of the contract term. Purchase price: The price you will pay to own the home.

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Purchase and sale agreement Debt-to-income ratio Due diligence Inspection 105

HomeLight

FEBRUARY 4, 2022

If you haven’t purchased a home before, you probably have lots of questions about the process. Source: (LinkedIn Sales Solutions / Unsplash). Work with you to write a compelling purchase offer. Guide you through the steps of due diligence and inspections. An agent is your advocate. And lots more!

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Agents Purchase and sale agreement Due diligence Inspection 115

HomeLight

JULY 26, 2022

Is it a yard sale? No…it’s a for sale sign!!! 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. 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.

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Earnest money deposit Purchase and sale agreement Title Inspection 115

HomeLight

DECEMBER 30, 2021

When you make an offer to buy a house, you’ll sign and initial contracts for each offer, and when one is accepted, it’s now officially a purchase agreement , which becomes a legal document. Matt Laricy is a top agent in Chicago , completing 41% more sales than the average agent in his area. Transactions. Average Price Point.

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Purchase and sale agreement Title Short sale Closing 97

Point2Homes

JANUARY 31, 2023

Check out comparable properties to make sure that the sale price is fair or whether there’s a little wiggle room to negotiate. The most common way to make an offer is in writing using a standard purchase agreement. After all, if both parties are happy with the offer, the sale will likely go smoothly.

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Earnest money deposit Purchase and sale agreement Pre-approval Inspection 98

HomeLight

DECEMBER 30, 2021

Gaining an early understanding of the legal documents for buying a house will help you avoid confusion and keep stress levels to a minimum while you’re in the midst of negotiations , inspections , and closing. Your agreement with a buyer’s agent may be one of the first legal documents you’ll encounter when buying a home. Contingencies.

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Purchase and sale agreement Title Closing costs Seller disclosure 98

HomeLight

JANUARY 25, 2021

House flippers usually purchase houses for cash as-is, saving homeowners the expense of making repairs that lenders might require, along with the stress of showing and staging the home. A traditional sale might be what you had in mind when you originally bought your home. Is the property damaged or are you facing a personal emergency?

Purchase and sale agreement 111

Purchase and sale agreement Investor Inspection Due diligence 111

HomeLight

SEPTEMBER 13, 2022

If the IRS decides to audit the transaction, then you’ll have documentation to prove your home’s fair market value at the time of the sale. AVMs use publicly available data and recent sales records to generate a value range based on the current market conditions. Sign a purchase agreement. Closing timeline.

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Purchase and sale agreement Title Title search Finance 111

Toronto Realty Blog

MAY 5, 2021

If you purchased a condo and the listing read, “525 square feet,” what would you take that to mean? In July 2020, Michael Mitchell and Richard Bowring listed their Mississauga bungalow for sale on the Multiple Listing Service (MLS). Is it 525 square feet per builder plan, ie. the one that measures from inside the walls?

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Purchase and sale agreement MLS Due diligence Agents 105

HomeLight

JANUARY 5, 2022

Find an Agent to Coordinate a Sale Among Friends. Not all states require you to hire a real estate attorney to buy or sell real estate, but it’s almost always advisable to get legal representation in a sale among parties with a pre-existing relationship. HomeLight can help connect you with an agent who is qualified to help.

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Pre-approval Purchase and sale agreement Title search Title 111

The Close

FEBRUARY 19, 2025

Whether youre a new or experienced real estate investor, you may have asked, What is a real estate short sale? The simple answer is that a short sale is when a homeowner owes more for their home than its current market value and puts it up for sale. What Happens in a Real Estate Short Sale? Lets begin!

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Short sale Sales Due diligence Purchase and sale agreement 52

HomeLight

AUGUST 24, 2022

Looking to connect with a Florida cash home buyer for a quick sale in the Sunshine State? HomeLight’s Simple Sale platform provides all-cash offers, giving clients a fast, stress-free home selling experience without having to worry about additional repairs or prep work and with no additional fees, commissions, or upfront costs.

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Purchase and sale agreement Title search Proof of funds Title 111

HomeLight

AUGUST 27, 2021

Or if the inspector uncovers a mold-related issue during the inspection? If you’re dealing with a larger mold issue, it may be time to acquire professional help with inspecting and cleaning the home. If there is a mold issue, you may have room to come to an agreement that it be fixed before you purchase the home.

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Inspection Purchase and sale agreement Inspection contingency Due diligence 111

Redfin

JANUARY 28, 2025

Instead of applying for a new home loan with todays mortgage rates and terms, the buyer steps into the seller’s position as the borrower and continues making payments under the original loan agreement. Assumable mortgages represent a unique opportunity in the right circumstances but require careful due diligence.

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Loans Mortgages VA loan Purchase and sale agreement 31

HomeLight

JULY 23, 2021

The MLS is a real estate database of all the homes in your area that are currently for sale, pending sale, or have recently been sold, and so much more. A home will nearly always remain active on the MLS during this time because the seller hasn’t actually said “yes” to a sale yet. Source: (Andrey_Popov / ShutterStock).

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MLS Backup offer Agents Purchase and sale agreement 111

Realty Biz

APRIL 17, 2023

It is a form of assurance that the buyer is serious about buying the property and will follow through with the purchase. The amount of earnest money typically varies from 1-5% of the purchase price, depending on the buyer's agreement with the seller. Let's examine more closely how a buyer's funds can be returned.

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Earnest money deposit Purchase and sale agreement Home sale contingency Title 68

Realty Biz

FEBRUARY 1, 2024

They provide expert guidance, market insights, and negotiation skills to help them find and purchase a suitable property. Offer Preparation and Negotiation When the client identifies a property of interest, the buyer's agent assists in preparing a well-crafted purchase offer that reflects the buyer's terms and conditions.

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Agents Due diligence Purchase and sale agreement Inspection 68

HomeLight

FEBRUARY 9, 2023

If you’re preparing to sell a house in the state of New York , it’s important to understand what you’re required to disclose, what must be fixed or addressed before listing, and how disclosure laws could impact or impede the sale process. When buyers waive inspections, they are less aware of defects with properties. According to N.Y.

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Purchase and sale agreement Inspection Residential Agents 105

Redfin

MARCH 12, 2021

Earnest money is a type of security deposit, also known as a “good faith” deposit, offered to show the seller of a home that you’re serious about purchasing the property. At this stage, various inspections, appraisals, and possibly other contingencies you had in the offer contact move forward to finalize the sale. .

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Earnest money deposit Purchase and sale agreement Due diligence Inspection 76

Toronto Realty Blog

MARCH 30, 2022

Did you enjoy the post about home inspections on Monday, or did you want to want to get political, yet again? Well, if you’ve ever bought pre-construction in the province of Ontario, you would have already experienced the government-mandated 10-day cooling-off period that affects such sales. TorontoRealtyBlog.

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Purchase and sale agreement Inspection Finance Construction 98

HomeLight

JULY 12, 2022

If you are thinking about selling your home, those low-hassle, convenient, fast-sale pitches may pique your interest. You may be curious about getting an online quote for the sale of your home. These buyers will provide an online quote to purchase your home—often sight-unseen. Like you, they thought there had to be a catch.

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Purchase and sale agreement Investor Equity Sales 109

Realty Biz

NOVEMBER 6, 2020

Borrowing money to purchase and improve a property is a good strategy. Also, there is no substitute for your own due diligence. Due proper due diligence. Always get a professional inspection of the property. I know at least one investor that does his own inspections. Just don’t overdo it.

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Due diligence Purchase and sale agreement Inspection Investor 65

HomeLight

AUGUST 31, 2020

Think back to the last big purchase you made. If you’re someone who doesn’t like to make impulsive purchases, you probably did your due diligence and weighed your options before making a decision. With a purchase this big, you have nothing to gain and a lot to lose. Is a final walkthrough required by law?

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Closing Purchase and sale agreement Inspection Due diligence 72

Kyle Handy

MAY 8, 2023

The full commission on a real estate sale is usually 4% to 6% of the sale. Negotiating a higher sale price for your listings. New agents may feel compelled to reduce their agent commission purely to secure sales. Real estate commissions are paid once the home sale is closed. Selling more houses.

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Purchase and sale agreement Commercial Closing costs Due diligence 87