Remove Agents Remove Closing costs Remove Home sale contingency Remove Title search
article thumbnail

What Are Common Terms and Conditions in a House Offer

Realty Biz

Due to bidding wars, many homes are selling way above the asking price. If you need assistance from the seller to pay closing costs, you can add that as one of your offer terms and conditions. Closing costs are fees that need to be paid on top of the home’s purchase price, and they can be between 3% and 6% of that price.

article thumbnail

17 Home Closing Delays and How You Can Avoid Them

HomeLight

While seamless closings are ideal for everyone involved, they almost never happen unless the buyer is paying cash on the home, and even then there can be a roadblock or two. Problems with the title. Minimizing clouds in a title search requires the seller to be proactive. Home sale contingency.

Closing 115
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Avoid a Delayed Closing: 7 Common Roadblocks to Be Aware of

Redfin

“A seasoned mortgage broker will fully analyze your situation and application, anticipate any issues, and guide you through the process to a smooth closing,” says Trey Bolen at Lendid Home Loans. It’s also important that buyers come to closing prepared with all necessary closing documents and payment for closing costs.

Closing 63
article thumbnail

iBuyer Real Estate Guide for 2022: What Is an iBuyer?

HomeLight

They share photos of the home, complete a digital walkthrough, and have the property exterior inspected. After some email back-and-forth, they get their final iBuyer offer: Offer details: 98% of what a real estate agent estimated they could earn, minus a 5% service fee, a $2,000 repair credit, and 1% in closing costs. .

Title 93
article thumbnail

What is a Purchase and Sale Agreement?

Redfin

Depending on the state where your dream home resides, either the buyer’s agent or the real estate attorney will draft up the contract. In states where escrow agents handle the closing process, the buyer’s agent is responsible for preparing the PSA document. Purchase and sale agreement vs. purchase agreement.

article thumbnail

How to Buy a House without a Real Estate Agent, Just Like a Professional

HomeLight

One of the first steps is to pick a real estate agent to work with. But what if you decide that you don’t want to work with a buyer’s agent to buy your home? Well, welcome to your step-by-step guide to buying a home without a real estate agent. Find a home. You’ve decided it’s time to buy a house !

article thumbnail

A Seller’s Guide To When A Buyer Does and Doesn’t Get Their Earnest Money Back

HomeLight

If a seller terminates the contract outside of these contingencies , they typically must forfeit the buyer’s earnest money and — depending on the circumstances — may even be required to pay additional money damages and face other possible repercussions for breach of contract. Real Estate Agent. Single Family Homes. Kelly Allen.