Toronto Realty Blog

OCTOBER 10, 2023

TorontoRealtyBlog I’ll tell you which call I have not received in quite some time: the good, ‘ole, “power of sale” seeker. A power of sale can come in many different shapes and sizes. There’s a common misconception that all power of sales are for run-down properties, but they’re not.

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Purchase and sale agreement Sales Due diligence Title 98

The Close

NOVEMBER 7, 2024

Have a clear investment strategy and long-term goals before purchasing. Next, draft an operating agreement that outlines your company’s purpose, structure, and governance. Tax liens and auctions: Search for tax lien sales and foreclosure auctions. Stay updated on local and national real estate trends and regulations.

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Hard money loan Purchase and sale agreement Investor Due diligence 98

HomeLight

JULY 6, 2023

That’s why it’s important for your real estate agent to keep your property’s status up to date, both in the multiple listing service (MLS) that agents cooperatively use, as well as in online marketplaces, which pull data from the MLS. An offer has been accepted, and the sale is expected to close.

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HomeLight

MARCH 20, 2023

That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency? Thus, the purchase agreement is “contingent” on the sale of the buyer’s existing home.

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 105

HomeLight

DECEMBER 8, 2022

Links and mentions of Austin, TX flat fee MLS listing companies should not be considered an endorsement. Although less common, some sellers opt for the FSBO (for sale by owner) route, which can entail using a flat fee MLS listing service that operates in Austin, instead of using a traditional real estate agent. Get Started.

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MLS Purchase and sale agreement Agents Sales 105

The Close

DECEMBER 12, 2024

Ill explore exactly what a probate lead is, the pros and cons of probate leads and properties, and how to find and purchase them. In most cases, probate leads refer to real estate properties that become available for sale as part of the legal process following an individuals passing. What is a Probate Lead?

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Purchase and sale agreement Investor Probate sale Due diligence 97

Toronto Realty Blog

NOVEMBER 30, 2022

The story lies within what happened after the Agreement of Purchase & Sale was signed. On the day that this sale was scheduled to close, the buyer agent called me and said, “We have a problem.” ” He said, “No we need an extension because we don’t have title insurance.”

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Purchase and sale agreement Title MLS Closing 105

HomeLight

MARCH 31, 2022

A real estate attorney may draft and review closing documents, transfer property title, resolve legal barriers, and mediate contract disputes. There are many people out there you might want to hire to help with a sale, but aside from a great real estate agent, a good cleaner is the most important. Get Estimate. Eric Schuell.

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Purchase and sale agreement Title Inspection Agents 122

RIS Media

MAY 19, 2021

” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” ” What do they mean and how will they affect your home sale? Two important statuses in the MLS are “Contingent” and “Pending.”

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Purchase and sale agreement Earnest money deposit Inspection contingency Home sale contingency 98

HomeLight

NOVEMBER 9, 2021

If you need to move even more swiftly than that, selling to an online direct buyer through a platform like HomeLight’s Simple Sale could take as little as 10 days. The Simple Sale process frees you of the hassle of staging your home and jumping through hoops for the buyer’s lender. Direct Buyer (Simple Sale). Traditional Sale.

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Purchase and sale agreement Home sale contingency Title search Inspection 105

Realty Biz

JANUARY 19, 2024

From three decades working as a Realtor, there are common denominators for first-time home buyers going through the purchase process with ease. This includes understanding the terminology, legal aspects, and financial considerations of purchasing a property. By following these steps, you can easily navigate the real estate market.

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Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

HomeLight

AUGUST 16, 2021

And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. Though short sales aren’t as prevalent today as they were following the Great Recession , they’re not impossible to find, and good deals for buyers can still be had. What exactly is a short sale? It’s a long sale.

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Short sale Sales Purchase and sale agreement Banks 105

HomeLight

OCTOBER 20, 2022

For Sale By Owner (FSBO). Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Original sales contract. Many FSBO sellers will purchase a pre-listing appraisal. Preliminary title report.

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Purchase and sale agreement Pre-approval Inspection Title 111

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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HomeLight

MARCH 31, 2022

Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% With such impressive sales figures, some Florida sellers may be curious about how to sell a house by owner in Florida — a decision that could help them save on agent commissions. Average home sale price in Florida: $530,419 (Jan 2022).

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Purchase and sale agreement Inspection Title Inspection contingency 111

HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado.

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Purchase and sale agreement Inspection Inspection contingency MLS 115

HomeLight

JANUARY 10, 2023

With such impressive sales figures, some sellers may be curious about how to sell a house by owner in California — a decision that could help them save on agent commissions. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Fast Fasts for Selling a House in California.

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Purchase and sale agreement Natural hazards disclosure Inspection Title 111

HomeLight

APRIL 28, 2023

When the time comes to move, some tenacious homeowners in Texas are eager to take over the reins of their home sale and figure out how to sell a house by owner. Often, the decision to go for sale by owner (or “FSBO”) is motivated by a desire to save on agent commissions. That 6% is deducted from the seller’s proceeds at closing.

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Purchase and sale agreement Inspection Title Inspection contingency 102

HomeLight

MARCH 31, 2022

price increase , pushing median sale prices to upward of $350,000. With such impressive sales figures, some sellers may be curious about how to sell a house by owner in Arizona — a decision that could help them save on agent commissions. Median sales price: $449,900 (Feb. Median sales price: $449,900 (Feb. 2022 , a 28.5%

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Purchase and sale agreement Inspection Inspection contingency MLS 110

Realty Biz

SEPTEMBER 14, 2021

In some places, active under contract indicates that a contract has been signed but is contingent on certain conditions being met before the sale is finalized. In other locations, the sale may be referred to as being contingent in the multiple listing service (MLS). Anything serious found may lead to the sale not completing.

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Backup offer Purchase and sale agreement Inspection Sales 126

Toronto Realty Blog

NOVEMBER 29, 2023

What does it mean when the real estate market is slow, prices have declined, pre-construction sales and prices are even more sluggish, and yet some pre-construction condominium developers in the midtown area are currently charging up to $2,000 per square foot? Please speak to a Sales Representative for details.

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Construction Sales Purchase and sale agreement Development 98

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

OCTOBER 27, 2021

In fact, the homeowner might even have a plan to catch up on the mortgage, and in the end, the home won’t end up in any kind of sale.). If you’re going to be buying the preforeclosure with a mortgage, your purchase agreement is contingent on your ability to secure a loan, so getting preapproved is important.

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Purchase and sale agreement Inspection Homeowner’s association Title 110

HomeLight

MARCH 24, 2022

To get the widest access to homes available for sale, you’ll need to be able to tap into the multiple listing service (MLS). Because you won’t have an agent retrieving search results on your behalf from the MLS, you will have to limit your search to less-vetted sites. Start the title review process.

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Inspection Title Purchase and sale agreement MLS 111

HomeLight

NOVEMBER 29, 2021

According to the National Association of Realtors® (NAR) 2020 Profile of Home Buyers and Sellers, 8% of homeowners opted to sell for sale by owner , or FSBO. It takes more than a for sale sign staked to your front lawn to sell a home without an experienced agent. Prepare your home for sale. Source: (Kelly Sikkema / Unsplash).

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Purchase and sale agreement MLS Inspection Agents 98

HomeLight

JUNE 28, 2022

In this article, we explain the roles agents play in your home sale or purchase, their required level of experience, and the services they provide in your home sale or purchase. The buyer’s agent helps a buyer locate and purchase a home, negotiating the best deal for their client. Don’t break the law. Seller side.

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Purchase and sale agreement Agents Brokerage Backup offer 110

HomeLight

SEPTEMBER 27, 2022

This article offers expert insight from Gina Candelario , a top agent who works with 78% more single-family homes than the average San Antonio, Texas, agent, and Brent Morgan , a Texas probate attorney, to set you on the path to a successful sale of your inherited house in Texas. This can allow you to transfer title. Transfer title.

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Purchase and sale agreement Title Sales Agents 103

Broke Agent Media

FEBRUARY 21, 2023

Let’s say, for example, you use the square footage for a property that was on a previous MLS listing—or it was given to you by the seller. If the seller objects to an inspection, remind them of your obligation to provide access to the buyer and their home inspector, especially if a home inspection is part of the sales agreement.

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Purchase and sale agreement Agents Inspection MLS 98

HomeLight

AUGUST 30, 2021

For the right would-be buyer, a rent-to-own arrangement can be an ideal path to invest in a future home purchase — a time to save money and improve credit, or wait for an expected shift in circumstances, while living in a home that will one day be yours. Further, take time to learn more about this type of purchase.

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Purchase and sale agreement Inspection Inspection contingency Closing costs 115

Toronto Realty Blog

JANUARY 16, 2025

This story brings us back to last summer when a client of mine purchased a small west-side home and, upon closing, the listing agent had some very interesting ideas about how to go about making up his financial loss on the property. Perhaps we should take a quick pause here just to get some simple math out of the way. HST to 0.5%+HST

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Closing Purchase and sale agreement Brokerage Mortgages 59

Toronto Realty Blog

JULY 31, 2023

TorontoRealtyBlog When I sold my first condo back in 2009, I had no problem including all of my patio furniture in the sale, since I was moving to a new condo with an even bigger patio, and I had already purchased new furniture. The point I’m making is this: once the sale closes, the buyer has zero leverage, right or wrong.

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Purchase and sale agreement Closing Agents Branding 98

HomeLight

SEPTEMBER 30, 2021

Though homebuyers tend to begin their search online , 89% of them ultimately purchase their home through a Realtor®. Realtor® fees cover the cost of both buyer’s agents and listing agents for home purchases. These fees are a percentage of the home’s sale price, usually around 5%-6%. Updated September 30, 2021. How much are they?

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Purchase and sale agreement Agents Closing Sales 105

HomeLight

NOVEMBER 1, 2021

If you’re selling your Kentucky home, you may be wondering how much you’ll make on the sale, what required costs will eat into your profit, and where you can cut costs. This means understanding which fees you’ll be responsible for when the sale closes. Percentage of sale or flat price. 150,000 sale). Average cost.

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Closing costs Closing Purchase and sale agreement VA loan 98

Toronto Realty Blog

AUGUST 2, 2023

The note for the 2017 sale was longer and a bit mushier, as I disclosed that I had proposed to my wife in the condo, and that we brought our first child home to the condo, and that we wished the new buyers all the love and happiness in the world as they created new memories and experiences of their own in the condo.

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Closing Sales Purchase and sale agreement Agents 98

The Close

JULY 23, 2022

Begin with an MLS search of the past 12 months’ sales in the area your client is looking. I know it works because I have personally purchased two properties, under market value, using this technique. Every agent knows that they can find expired listings on their MLS or using Vulcan7. Sort the search by “Listing Agent.”

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Bankruptcy Purchase and sale agreement MLS Investor 111

HomeLight

FEBRUARY 27, 2021

of the final home sale price. While the seller is the one who technically pays commission fees, they don’t pay the commission until after they’ve received their home sale proceeds. Some listing agents (around 3% nationally) charge a flat-fee for their services instead of taking a commission based on the final sale price.

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Agents Purchase and sale agreement Staging MLS 98

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