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

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

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

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. Let’s dive right in! Why rent to own? for an FHA loan.

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Purchase and sale agreement Loans Inspection Closing costs 116

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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Sales Purchase and sale agreement Inspection Due diligence 105

HomeLight

APRIL 5, 2022

Then, ask the agent how many sales they’ve had in the year and what their references are. We Buy Houses for Cash companies purchase properties directly from homeowners. Fix-and-flip investor: This investor purchases low-cost properties and gives them a “facelift” through repairs and renovations. They then sell (i.e.,

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Purchase and sale agreement Investor Renovation Agents 104

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

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

JANUARY 10, 2023

The seller does not have to make any repairs before the sale, but certain disclosures are still made to the buyer. After the company has acquired the house, it will repair, renovate, and resell it to another buyer at a higher price. Step Three: Preparing The House For Sale. Quick Sale. Use Traditional Marketing.

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As-is Purchase and sale agreement Renovation Sales 93

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. This time, he accepted.

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Closing Purchase and sale agreement Brokerage Mortgages 59

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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Purchase and sale agreement Pre-approval Closing Title 106

Realty Biz

JANUARY 10, 2024

We explore everything you should know for a first-time house sale by answering frequently asked questions. Additionally, you'll need to prepare all necessary documents, such as disclosure forms and title deeds, to ensure a smooth transaction. Paying careful attention to these details leads to successful sales. Let's dig in.

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Purchase and sale agreement Seller disclosure Staging Title search 103

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

JULY 31, 2020

Real estate purchases made entirely with cash are rumored to create big benefits for homebuyers. With the help of Brad Graves , a top real estate agent in San Antonio, Texas , and some recent national home purchase data, we’ll examine the pros and cons of all-cash offers. Image Source: (Shutterstock.com/Andy Dean Photography).

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Purchase and sale agreement Inspection contingency Proof of funds Finance 98

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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Purchase and sale agreement Title Staging Inspection 93

Broke Agent Media

FEBRUARY 21, 2023

Know what your client has a right to expect of you. #5—Legal issues involving buyer or seller obligations Sellers are supposed to be truthful in their answers to questions about the property—like the state of the plumbing, the condition of major appliances, and any renovation work that has increased or decreased their home’s value.

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Purchase and sale agreement Agents Inspection MLS 98

HomeLight

JANUARY 28, 2022

We buy houses” companies are flippers who purchase properties “as is” for cash and renovate them, generating a profit at resale. We buy houses” operations are cash buyers or house buying companies that purchase homes directly from homeowners. Need a quick sale? Source: (Butterfly Moon / Unsplash).

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Purchase and sale agreement Investor Agents Sales 111

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

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. Research housing conditions that impact your home’s market value. Seasonality.

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Purchase and sale agreement Pre-approval Agents Sales 116

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

JULY 6, 2023

Considering that 78% of recent buyers financed their home purchase, this contingency is fairly standard. Title contingency Before closing, a title company pulls public records and other details to guarantee that no one else can stake a claim on the property you’re trying to sell. What other MLS statuses do agents use?

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MLS Backup offer Inspection contingency Purchase and sale agreement 105

GeekEstate

OCTOBER 16, 2020

In addition to the spread captured when buying and selling homes, Opendoor earns revenue via ancillary services related to the real estate transaction, including title insurance, escrow services and home financing solutions. Opendoor has ambitious plans to reach nearly 38,000 annual home sales and $10 billion in revenue by 2023.

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Purchase and sale agreement Title Investor Brokerage 90

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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Seller concession Purchase and sale agreement Closing costs Title 110

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

Toronto Realty Blog

MAY 31, 2021

Did you buy a bottle of champagne for new owners and leave it with a hand-written note on the kitchen counter, after having the property professionally cleaned, despite that not being specified in the Agreement of Purchase & Sale? Your clients purchased a resale condo. That was it. Why say anything more?

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Closing Purchase and sale agreement Inspection Agents 111

HomeLight

NOVEMBER 29, 2021

A down payment is money that a buyer will pay at closing, usually expressed as a percentage of the home’s total purchase price. The earnest money deposit is usually considered part of the down payment and is typically put in an escrow account by a third party, such as the title company, as soon as the purchase agreement is signed.

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Earnest money deposit FHA loan Purchase and sale agreement Inspection 110

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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Purchase and sale agreement Inspection Investor Agents 105

The Close

SEPTEMBER 2, 2020

17 What is the home sale process? 29 What is title insurance? 37 How does an agent come up with the sales price? 43 How long does it take to renovate a home? 52 How long should a listing agreement last? This amazing property is offered for sale for the first time in over 20 years. 19 How does a VA loan work?

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Purchase and sale agreement Renovation Pre-approval VA loan 124

The Close

AUGUST 18, 2022

I believe my Luxury Home Marketing Program can generate more exposure and more excitement for your home than any other agent could achieve for you, leading to a top-dollar sale of your home. No hard sales pitches. It may mean a major difference in the results you get! This could be you: Talk is cheap, I know. It can be pretty annoying.

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Purchase and sale agreement Title Closing Short sale 98

HomeLight

JUNE 30, 2022

For example, it may be worth strategically paying down some of your debt or disputing any errors on your credit report before purchasing a home. These events may not necessarily prevent you from buying a house, but there may be a time limit required from the time the event happened until you can purchase a home with a mortgage.

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Purchase and sale agreement Inspection Earnest money deposit Closing costs 96

Marco Santarelli

AUGUST 16, 2024

Cheap doesn't mean dilapidated: While properties requiring renovations can offer significant discounts, avoid equating “cheap” with uninhabitable. Factor in all costs: The purchase price is just the tip of the iceberg. Factor in down payment, closing costs, renovation expenses, and a reserve fund for unexpected repairs.

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Due diligence Purchase and sale agreement Renovation Title search 52

HomeLight

JULY 28, 2022

HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Connecticut. We Buy Houses in Connecticut has been purchasing, rehabbing, and selling houses at a profit since 2016. That means it costs less money to renovate. Simple Sale (a HomeLight platform).

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Closing costs Purchase and sale agreement Residential Closing 104

HomeLight

FEBRUARY 16, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract. With a signed sales agreement, the closing process will begin.

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Purchase and sale agreement Closing costs Closing Investor 98

HomeLight

APRIL 11, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract. With a signed sales agreement, the closing process will begin.

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Purchase and sale agreement Closing costs Closing Sales 98