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What Does It Mean When a House Is in Escrow?

HomeLight

Unlock Your Equity and Buy Before You Sell Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. Get Started What does ‘in escrow’ mean in real estate?

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Should I Waive the Mortgage Contingency in My Offer?

HomeLight

But it can also tilt a sale in your favor. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Learn More What is a mortgage contingency?

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What Does ‘Under Contract’ Mean on a Home Listing?

HomeLight

Sometimes you come across a home for sale that checks off every box on your list, but the listing status says that it’s “under contract” or “sale pending.” In most cases, there are contingencies in the buyer’s offer that need to be cleared before the transaction is moved to the more solid “sale pending” status.

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Find Cash Home Buyers in Houston for a Fast, Simple Sale

HomeLight

Do you need to connect with cash home buyers in Houston for a fast sale? Perhaps you’re relocating for your dream job in two weeks, but you don’t have the time or money to replace the roof on your University Place ranch that has sprung a leak. The newbie with little experience doesn’t have the money to keep it long term.

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Your Top 11 Questions About Down Payments, Answered (Including: What’s an Average Down Payment?)

HomeLight

A down payment is money that a buyer will pay at closing, usually expressed as a percentage of the home’s total purchase price. The earnest money deposit is usually considered part of the down payment and is typically put in an escrow account by a third party, such as the title company, as soon as the purchase agreement is signed.

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When Is a House Down Payment Due and How Much Do I Need?

HomeLight

It’s the first financial move you’ll make in securing your new home purchase. And it’s a lot of money, so you’re probably wondering: When do you actually have to give the down payment to the seller? But that doesn’t mean the money will leave your account just yet. Down payment due dates can be a bit of a gray area. Transfer tax.

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How to Buy a House in 15 Steps: The Ultimate Guide

Redfin

Homeownership is a long-term investment, and staying in one place allows you to build equity and stability. You will also need to save money to put toward closing costs , about 2-5% of the purchase price. Before touring homes with an agent, you’ll most likely need to sign an agreement with your agent.