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What Does It Mean to Back Out of a Home Purchase?

HomeLight

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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8 Essential Steps to Navigating Escrow in Home Buying

Realty Biz

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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First Time Selling a House Checklist

Realty Biz

From preparing your home for sale to negotiating offers, these tips will ensure a successful sale. Sometimes it stops their sale dead in its tracks until the errors are corrected. Understand the current market conditions, including recent sales, average time on the market, and pricing trends.

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8 Powerful Questions From First-Time Home Sellers That Lead to Success!

Realty Biz

We explore everything you should know for a first-time house sale by answering frequently asked questions. Once your home is listed, it's essential to stage it properly to make a great first impression on potential buyers. Paying careful attention to these details leads to successful sales. Let's dig in.

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Selling to Florida Cash Home Buyers: Tips from Experts

HomeLight

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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What to Bring at Closing: For Sellers, the List Is Short and Sweet

HomeLight

Selling a house involves many steps, such as prepping and staging the house, showing it, and negotiating the deal. Connect with a Top Agent to Sail Through to Closing Working with a top agent can help you get to closing day faster — and get you more for your home sale. For buyers, it’s just the beginning: a new start.

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Georgia Sellers: Here’s a Round Up of Your Closing Costs

HomeLight

The Georgia Association of Realtors reports that closing costs in Georgia typically range 5% to 10% of the home’s sale price. This total cost includes: Prep costs: $5,238 for pre-listing home improvements such as lawn care, painting, staging, and more. Title search fee. On average, title insurance costs between 0.5%