Earnest money deposit Option period Title 
HomeLight
MARCH 7, 2024
Sale price and terms: The agreed-upon price for the property and the terms of the payment, including the earnest money deposit amount and financing details. Unresolved title issues: Encumbrances or disputes related to the property’s title can complicate the sale, prompting buyers to cancel the agreement.
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. Secure title and escrow services: 1 day. Submit earnest money: 1 day. Title search: 3 days. Liens on the house.
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HomeLight
MARCH 16, 2023
Ramcharitar says sellers also pay 2% of the sales price for closing costs and another 2% for title insurance. Home-buying companies generally pick up the remainder of closing costs that total about 8% including title search and title insurance. Both parties sign a contract and submit it to a title company.
Redfin
JUNE 21, 2023
Holt expands on this by saying, “check the title deeds to ensure there are no hidden encumbrances or disputes, review zoning laws and local ordinances to ensure that the property can be used as intended, and double check that all taxes are clear.”
HomeLight
AUGUST 29, 2022
Your buyer’s agent will be able to help you create a wishlist , set up viewing appointments for you, tell you more about what’s going on in the neighborhood, negotiate on your behalf, and connect you with other vendors such as a title company, insurance agent, and home inspector. Earnest money deposit amount.
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