Housing Wire

FEBRUARY 3, 2022

Incenter Mortgage Advisors was flooded with a surge of mortgage-servicing rights business in January — with bulk MSR sales approaching in one month what the firm normally tallies in an entire year. That “trigger” moment finally arrived in January, he added.

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Purchase and sale agreement Marketing Equity Banks 370

Housing Wire

APRIL 9, 2021

In Lender Letters issued on Thursday, Fannie Mae and Freddie Mac confirmed that loans purchased by the GSEs with application dates on and after July 1, 2021, must meet the standards of the Consumer Financial Protection Bureau’s Revised Qualified Mortgage Rule.

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Loans Purchase and sale agreement Staging Mortgages 353

Housing Wire

SEPTEMBER 8, 2023

If you’re in the real estate industry, you certainly know that the average time from mortgage application to closing has been hovering around 50 days. It’s not a point of pride or badge of honor for any mortgage, title, real estate or valuation firm. But most understand that there are a lot of phone calls, emails and texts exchanged.

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Toronto Realty Blog

NOVEMBER 4, 2024

But as I write this blog post (over the weekend), I can only guess as to how October sales will look. In my monthly “TRREB Stats” blog post, I always examine three essential statistics in our real estate market: price, sales, and new listings. That , in my opinion, is the number-one reason why sales are slow right now.

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HomeLight

JANUARY 17, 2024

Buying a house is a major milestone, but what happens when you have second thoughts, or you can’t fulfill the agreement you signed? Backing out of a home purchase isn’t a decision made lightly, yet it’s a scenario that buyers might face. But what’s the real meaning of backing out of a home purchase?

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Redfin

MARCH 7, 2025

She adds, “Near-record house prices and elevated mortgage rates have scared off buyers for years, and those who are still in the market are generally well prepared and understand that they have options. For example, high mortgage rates or economic uncertainty can lower buyer demand, affecting how much theyre willing to pay.

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Sales Purchase and sale agreement Pre-approval Agents 59

Redfin

MARCH 4, 2025

In this Redfin article, well review the real estate forms you should get ready at each stage in the process of selling your home. Appliance records Be sure to collect any warranties, manuals, and relevant service records for major appliances that are included with the sale of your home. Deed Youll need the deed to your house.

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Realty Biz

DECEMBER 15, 2022

These days, having a neutral third party to make sure everyone is satisfied with the sale and purchase can give both buyer and seller more peace of mind. . Many home buyers and sellers know that escrow is a financial arrangement with a third party who holds money or other property until the terms of the sale are complete.

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Realtor.com

DECEMBER 6, 2021

With an offer in hand, you might be asking what commission an agent would receive if the agent were to get involved at this stage of the home-selling process. Agents usually supply a variety of forms such as Residential Purchase Agreements to get offers in writing. Watch: 5 Things to Do Before Listing Your Home for Sale.

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Realtor.com

OCTOBER 29, 2020

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. If something is wrong, you can request that it be fixed—or you can back out of the sale. Get final mortgage approval.

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Marco Santarelli

NOVEMBER 23, 2024

Conducting due diligence is essential before committing to a purchase. Your network can provide you with early access to new properties, assist in identifying potential investment opportunities, and provide crucial advice during critical stages of a transaction. 10 Genius Strategies to Expand Your Real Estate Portfolio in 2025 1.

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Hard money loan Purchase and sale agreement Due diligence Renovation 52

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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HomeLight

JANUARY 12, 2022

You’ve accepted an offer on your house and both you and the buyer have signed the purchase contract. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. Source: Ice Mortgage Technologies , Data for Sept. Average time to close.

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Closing Purchase and sale agreement Pre-approval Inspection 116

GeekEstate

OCTOBER 29, 2021

This market map real estate technology companies operating across every phase of the home purchase value chain. These companies have collectively raised more than $30B in venture capital, and range from seed stage businesses to public companies. As such, we’ve included the Blend logo in those areas.

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Technology Marketing Purchase and sale agreement Equity 136

HomeLight

JUNE 13, 2022

You need to save up money for a down payment and closing costs (which are calculated as a portion of your purchase price), but home prices just keep going up — so when you finally reach your goal, you realize that the goalposts have moved, and the hill is even taller than you thought. You need to build your work history.

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Purchase and sale agreement Loans Inspection Closing costs 116

HomeLight

JANUARY 18, 2024

There is a chance that you’ll come across the “time is of the essence clause” in your purchase agreement. A TIOTE clause in your purchase contract means that all the deadlines specified, from the inspection period to the closing date, are not just guidelines but firm commitments. Does it need to be there?

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Purchase and sale agreement Inspection Closing Staging 111

HomeLight

JANUARY 5, 2022

Unlike taking your house off the market , withdrawing from a purchase contract can cost you big time. In this blog, we explain under what circumstances a seller may cancel a home purchase agreement. Why might a seller want to back out of a home sale? But are you stuck? Not necessarily. Change in circumstances.

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Purchase and sale agreement Backup offer Inspection Agents 111

Realty Biz

NOVEMBER 10, 2021

Listed homes for sale are classified in different ways to help you understand how far along in the sales process they are. If you see a home listed as “active,” this means it is for sale with the sellers considering bids from potential buyers. Will the Contingent Home Sale Fail? What Does Contingent Mean in Real Estate?

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Purchase and sale agreement Inspection Inspection contingency Finance 129

HomeLight

JANUARY 21, 2025

As a first-time seller, youre likely familiar with the home sale process from when you were on the buyers side of the table. Assuming your house is in great shape You might think your home is in adequate condition for sale. Zajdzinski says flexibility is key to a quick and successful sale. Find an Agent 1.

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HomeLight

MAY 27, 2021

In a home sale, the occupancy date is when a buyer has the legal right to move into their newly purchased home. It depends on your agreement with the buyer. The purchase agreement specifies both the closing date and the date the buyers will be able to move in. To your horror, the buyers step out of the truck.

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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

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).

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Purchase and sale agreement Home sale contingency Title search Inspection 105

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. How does that translate into monthly mortgage payments?

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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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Realty Biz

MARCH 27, 2022

When you have a lot of competition from buyers to get to the under agreement stage with a seller, there isn’t much chance of success with a lowball offer. Typically, the earnest money is 1% to 5% of the purchase price. Just know you’ll need to be confident of getting the mortgage, or you risk your deposit monies.

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Purchase and sale agreement Earnest money deposit Seller concession Finance 117

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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HomeLight

JANUARY 31, 2022

If you need assistance navigating the legalities of your sale, HomeLight always encourages you to reach out to your own advisor. works on many sales of rental properties. The most crucial factor is the type of rental agreement you entered into with your tenants. Options for handling tenants with a month-to-month agreement.

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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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Realty Biz

JULY 1, 2023

Escrow acts as a neutral third party that holds funds and documents until all conditions of the home purchase are met. The National Association of Realtors (NAR) conducted a survey in October 2022, revealing that approximately 7% of deals in the preceding three months got terminated before reaching the closing stage.

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Purchase and sale agreement Earnest money deposit Title search Pre-approval 77

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. How Much Is Your Home Worth Now?

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Purchase and sale agreement Pre-approval Inspection Title 111

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.

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Sales Purchase and sale agreement Earnest money deposit Investor 93

HomeLight

MAY 3, 2023

Depending on the price range of the home, I tell my clients that they need to be ready to spend 9%–10% of the sale price on selling costs, including the real estate agent commission and closing costs,” says Joanne McCoy , a top-selling real estate agent in Lincoln, Nebraska. Selling fee Typical % of sale price Real estate agent commission 5.8%

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Seller concession Purchase and sale agreement Inspection Title 111

HomeLight

MARCH 31, 2022

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. 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.

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Purchase and sale agreement Title Inspection Agents 122

HomeLight

SEPTEMBER 13, 2022

The selling price will set the stage for how the transaction will be handled moving forward. 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. Sign a purchase agreement. Reasons to cancel the agreement. fixtures , appliances).

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Purchase and sale agreement Title Title search Finance 111

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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HomeLight

APRIL 29, 2022

For married couples, buying a home together is an act of optimism and agreement. For this story, we are assuming the home was purchased by the couple and is joint property. If the divorce lands in court, the sale of the house and the division of the proceeds may be ordered in the consent decree. Unsure What to Do With the House?

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Purchase and sale agreement Equity Sales Agents 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). Provide advice on first-time buyer programs and recommend mortgage lenders. Work with you to write a compelling purchase offer. An agent is your advocate. And lots more!

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Agents Purchase and sale agreement Due diligence Inspection 115