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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Redfin

MARCH 4, 2025

15 documents to have before listing your home Collect paperwork that highlights your homes selling points for an accurate pricing strategy, additional documentation to pass on to the new owners and other real estate forms required for the sale. Particularly youll need the original purchase agreement and deed.

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HomeLight

JUNE 23, 2022

In many cases, if a homebuyer wants to back out of a contract and retrieve their earnest money, they’ll be able to find a way to do so within the confines of the real estate purchase contract. The typical amount is around 1% of the purchase price (ex. $5k 5k for a $500K home). Is earnest money refundable?

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Realty Biz

JUNE 7, 2021

So when you add that to the time it takes for a buyer to purchase a house, sellers can fairly easily vacate their properties in under 3 months. Reviewing the title for liens and other encumbrances. Title Issues: The seller must clear the house title from any liens, bankruptcies, judgments, and other outstanding issues.

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Closing Purchase and sale agreement Inspection Title 122

First Team Real Estate

DECEMBER 7, 2020

Here’s how to review details in a tidy, orderly manner so you can make sense of your home sale. Aside from price, there are a number of other elements sellers must think about– and as your official guide in the home sale process , we’re here to help paint the whole picture, not simply part of it.

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HomeLight

SEPTEMBER 13, 2022

This means the buyer and seller have a pre-existing relationship of some kind (i.e. 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. Any items in the home the buyer would like included in the sale (i.e.

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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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Realty Biz

AUGUST 12, 2023

Here are some key terms and their definitions: Mortgage : A loan specifically used to purchase real estate. In a mortgage agreement, the buyer borrows money from the lender (usually a bank) and agrees to pay it back with interest over a specified period. These can include title search fees, appraisal fees, attorney fees, and more.

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Purchase and sale agreement Mortgages Pre-approval Title search 97

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

MARCH 28, 2025

And then, unexpectedly, the home sale falls through. Thats one in seven pending home sales and one in seven life chapters placed on hold. Historically, a more typical average of canceled pending sales is 5%6%. Make a strong offer with no home sale contingency. Maybe you even found your next house and started packing.

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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. Step 1: Initiating the Transaction Learning about escrow and initiating the process is an important step that occurs once the buyer and seller have agreed upon the terms of the home purchase.

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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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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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HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Buyers were liquid with cash and there are a lot of sellers going that route rather than waiting on a traditional sale.

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Redfin

AUGUST 21, 2020

Purchasing your first home is a big move. For some, it represents the independence they’ve been striving for, while others see their home purchase as a path to financial security and a way to create a safe haven for their family. . This information is a standard requirement for a real estate agent’s listing agreement.

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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

NOVEMBER 13, 2024

Could a rent-to-own agreement be just right? Just 1% of homebuyers purchase the home they previously rented, according to a 2024 report from the National Association of Realtors. Once the agreement term concludes, you pay a down payment, secure a mortgage, and transition from tenant to owner. It’s typically between 2.5%

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HomeLight

NOVEMBER 9, 2021

How soon will I receive my home sale proceeds? What taxes will I owe on my home sale? Escrow refers to a specific period of time between the offer and the close of sale in a real estate transaction. It starts after you sign the purchase agreement from a buyer, and it ends when you receive those funds at closing.

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HomeLight

APRIL 29, 2021

The home sale process involves a long list of steps, and your execution of each impacts your final sale price. As with most things in life, preparation is the key to a successful home sale. With 24 years of experience under his belt, Thompson shared a few gems about navigating the home sale journey. Open escrow.

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Redfin

AUGUST 3, 2022

Homeownership offers stability and a sense of security and safety, but the process of making the biggest purchase of your life can seem overwhelming. Research mortgage options and get pre-approved for a home loan. Once you have selected a lender you want to use and before you start looking at homes, get a mortgage pre-approval.

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Redfin

SEPTEMBER 17, 2020

Hiring an agent to help you find a house and negotiate its purchase is well worth the cost, especially in a competitive market. In a buyer’s market, there are more homes listed for sale than there are homebuyers. 5 things you can negotiate when purchasing a home. Mortgage loan points or purchase price .

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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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HomeLight

JUNE 29, 2022

When it comes to selling a house, many homeowners hope for a quick, easy sale. By analyzing recent sales transactions, local market trends, and the general condition of your home, you’ll receive a preliminary home value estimate range for your property. He purchased the home nearly a week later.”. Comparable properties.

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Purchase and sale agreement Pre-approval Agents Sales 116

Redfin

AUGUST 29, 2024

Debt-to-income ratio (DTI) Another major factor that a lender will consider when approving your mortgage loan is your debt-to-income ratio (DTI). You will also need to save money to put toward closing costs , about 2-5% of the purchase price. This agreement will outline the agent’s commission , so you understand how much they’re paid.

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HomeLight

JULY 31, 2022

Here are some options for pulling a successful sale, regardless of where you stand on your mortgage. This minimum equity ensures that you’ll have the funds for necessary home sale expenses (such as staging , repairs , and closing costs ), plus some leftover profit to put towards your next down payment or security deposit.

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CT Homes

OCTOBER 28, 2021

Any real estate transaction will host numerous costs and fees that will be factored into the purchasing process on top of the property’s value. Understanding who is responsible for paying these fees is crucial for properly valuing the sale as the buyer or seller. Does the Buyer or Seller Pay Closing Costs? Buyer Closing Costs.

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Realty Biz

AUGUST 2, 2023

Additionally, understanding the closing process and utilizing additional resources and tools can streamline the sale. Setting the Right Price for a Quick Sale When selling your home quickly, one of the most critical factors is setting the right price. Overcoming common challenges is also vital.

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Redfin

MARCH 3, 2022

You’ll want to rethink purchasing that beautiful new couch and hold off on planning those backyard additions before the title has been cleared. Unless you’re submitting an all-cash offer, you’ll need to obtain financing to purchase your home. The home appraisal is lower than the sale price. How to remedy the situation.

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HomeLight

JUNE 14, 2022

Embarking on a sales transaction of that size calls for some planning, including understanding the costs, potential proceeds, and how long your home might be on the market so you can anticipate your next move. You can probably expect to run into these common expenses for home sellers in Chicago: Prepping your house for sale.

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Realty Biz

JANUARY 12, 2021

It’s about working with a professional agent to narrow your search and help you navigate through the purchase process. It means proving you are pre-qualified for a loan before you know what house you might buy. Once you have an offer accepted, a whole new set of people start looking at the agreement to see if they approve.

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Windemere Selling

MARCH 14, 2022

This is why many sellers find a pre-listing inspection to be beneficial: it provides transparency about the home’s condition ahead of time and can help to streamline the buying process, which can be especially helpful when selling in competitive markets. As a seller, it’s important to be transparent in listing any issues with the home.

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HomeLight

AUGUST 16, 2021

As Richie Helali , mortgage sales leader at HomeLight Loans explains “You have to actually report the income. Smaller issues like court judgments can also result in not getting your mortgage approved. Your homeowners insurance needs to be purchased before closing. Title documents. Documents you will need to close.

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Toronto Realty Blog

AUGUST 29, 2022

” I guess I never stopped to consider that some readers aren’t familiar with the term, and thus don’t really ‘get’ these blog titles. Announces 3-Day Cooling Period For Home Sales To Reduce Risk To Buyers” July 21st, 2022. Here’s an article that ran last month: “B.C.

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BAM Media

JULY 31, 2024

In its press release, the CFA also shared eXp’s new seller contract titled “Exclusive Authorization and Right to Sell,” which eXp CEO Leo Pareja first shared on a BAM Breaking livestream with Byron Lazine. proposed buyer agreement and seller listing agreement forms. And the agency agreement should be in a separate document.”

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HomeLight

FEBRUARY 8, 2023

Instead, she says it’s best to price a home at the market value to attract more buyers, and then multiple bids could potentially drive up the ultimate sale price. Once you’ve accepted an offer on your New York State home, you’ll have to deduct all of the expenses associated with the sale to arrive at your total proceeds.

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Point2Homes

JULY 28, 2020

Put simply, escrow is a legally binding arrangement in which a third party takes custody of sums of money, deeds, and documents, until a specified agreement is reached between two parties. The first is during the purchase process and is typically referred to as escrow. Escrow During the Purchase Process. Here’s how it works.

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The Close

SEPTEMBER 2, 2020

8 How do I get approved for a loan? 17 What is the home sale process? 29 What is title insurance? 37 How does an agent come up with the sales price? 52 How long should a listing agreement last? 4 What is the difference between an FHA and conventional loan? 5 How long does it take to sell a home?

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