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Handle Escalation Clauses With Care: 5 Tips for Sellers Negotiating Multiple Offers

HomeLight

Why do some offers have one price on the purchase agreement and another price on the escalation addendum? An offer your friend submits to escalate the purchase price doesn’t qualify. The buyer will generally specify a maximum purchase price. Your real estate agent has been forwarding you offers on your home all day.

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17 Home Closing Delays and How You Can Avoid Them

HomeLight

There’s a house for sale that you want to buy. For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. Because the entire sale hinges on securing this loan, it is a top criteria for closing, and it’s also the most common reason for a delay in the closing process.

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

Redfin

You will also need to save money to put toward closing costs , about 2-5% of the purchase price. These loans are typically issued for more expensive homes and come with stricter qualification requirements. Get pre-approved As you’re researching how to buy a house, you will want to get a mortgage pre-approval.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Active contingent. Call option.