Realty Biz

NOVEMBER 11, 2020

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. It is fairly obvious what is meant when homes have a status of “for sale” or “sold,” but some statuses may not be as clear. For example, if a home sale is contingent or pending, can you still make an offer?

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HomeLight

AUGUST 16, 2021

Between searching for, viewing, negotiating , inspecting, and possibly renegotiating on a home, the road to the closing table is rarely a short one. And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. What exactly is a short sale? Finding an experienced agent.

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HomeLight

DECEMBER 31, 2020

You can put so much effort into prepping your house for sale that you forget what happens after you receive an offer. Putting your John Hancock on a home sale contract might feel like the completion of a major financial deal, but it’s actually just the beginning of the home sale process. What does “sale pending” mean?

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Real Trends

DECEMBER 27, 2022

Aspiring and veteran real estate agents should be well aware that the same applies to the home buying and selling process: uncertainty hangs over every deal. How often does a pending home sale fall through? A pending sale may be referred to as “under contract” by some real estate agents. Inspection issues.

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Realty Biz

JULY 1, 2023

During this stage, the buyer, seller, or their respective agents select an escrow agent who will oversee the process. The escrow agent acts as a neutral intermediary, holding funds and important documents until all conditions are fulfilled. Step 6: Ensuring Clear Title When buying a home, ensuring a clear title is paramount.

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C4D Crew

MAY 1, 2022

This article will guide you through one of the more important of those documents—the purchase and sale agreement. . Defining Purchase and Sale Agreements (PSAs). PSAs are drafted by a real estate agent or a lawyer—depending on which state the transaction takes place in—and signed by both the home seller and home purchaser.

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Norada Real Estate

APRIL 15, 2023

Definition of Under Contract The term “under contract” refers to the period after a seller accepts a buyer's offer, but before the sale is finalized at closing. Home Inspection Contingency One of the most common contingencies that can affect the length of the under-contract period is the home inspection contingency.

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Redfin

JANUARY 26, 2022

One of these important pieces of paperwork is a purchase and sale agreement. . To help you navigate this document, we’ll go over what a purchase and sale agreement is, what makes up the agreement, and what happens after the agreement is signed. What is a purchase and sale agreement? Who drafts the purchase and sale agreement? .

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Realtor.com

NOVEMBER 15, 2022

Seller concessions occur when a seller agrees to cover the cost of things the buyer usually pays for, such as closing costs , title searches, property appraisals, and other fees. Sellers can also offer to pay for repairs should the home inspection reveal that they’re necessary. The post What Are Seller Concessions?

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Toronto Realty Blog

AUGUST 2, 2023

The note for the 2017 sale was longer and a bit mushier, as I disclosed that I had proposed to my wife in the condo, and that we brought our first child home to the condo, and that we wished the new buyers all the love and happiness in the world as they created new memories and experiences of their own in the condo.

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Realty Biz

JANUARY 10, 2024

Unfortunately, if the wrong real estate agent is chosen, it can lead to getting poor advice. From three decades of experience as a Realtor, many home sellers make aweful choices when it comes to their real estate agent. Asking an agent good interview questions can help immensely. Nobody wants that, but it's a reality.

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Point2Homes

NOVEMBER 16, 2022

Nowadays, you have many tools at your disposal, with a wealth of online listing services showcasing land for sale across the country. You can also utilize local resources , such as classified ads, or simply contact sellers directly if you find a plot for sale locally. Have the Land Inspected. Land for sale in Las Vegas.

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Realty Biz

JUNE 20, 2023

The lender does so by forcing the sale of the asset used as the collateral for the loan, typically a house. Real estate agents specializing in foreclosures can also provide you with listings and valuable insights. Inspect the Property: Always inspect a foreclosure before purchasing.

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HomeLight

APRIL 20, 2023

Some of these costs, such as surveys and recording fees, are one-time expenses related to the sale. Typically, buyers are responsible for mortgage and inspection-related costs, and sellers are responsible for agent and documentation-related costs. Buyers typically pay: 2%-3% of the home’s price.

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HomeLight

NOVEMBER 10, 2021

When you sell your house without the help of a real estate agent, you’ll save money on commission fees but won’t escape closing costs entirely. The same closing fees that apply to an agent-assisted sale will be charged to a FSBO seller, with the exception of the agent commission. Buyer’s agent fee (~3%).

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HomeLight

FEBRUARY 27, 2021

According to HomeLight’s transaction data analysis, the national average real estate agent commission rate is 5.8% of the final home sale price. So, who pays for real estate agent commission? In the National Association of Realtors’ (NAR) 2020 survey, 77% of sellers reported that they paid for the agents’ commission.

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HomeLight

MARCH 31, 2021

The Georgia Association of Realtors reports that closing costs in Georgia typically range 5% to 10% of the home’s sale price. For a deep dive on Georgia closing costs, we partnered with top Brunswick listing agent Valerie Burnett , who sells 45% more homes than the average local agent. Title search fee.

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HomeLight

JULY 31, 2020

There’s a house for sale that you want to buy. In the February 2020 Realtors Confidence Index survey by the National Association of Realtors, 77% of real estate agents responded that contracts closed on time, and 19% reported delays but eventually closed; 4% of contracts were terminated. Repairs identified in the inspection.

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HomeLight

NOVEMBER 9, 2021

During a seller’s market like the one, we had in the summer of 2021, a top real estate agent could help you find a buyer for your home in as few as 75 days from listing to closing. 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.

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Realty Biz

APRIL 20, 2022

Home Inspection Contingency. One of the most common terms in an offer is the home inspection contingency clause. When the home inspection finds some problems, the seller might agree to cover the cost and have the problem fixed. The language in the offer to purchase will allow you to escape the sale with your money back.

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Realty Biz

AUGUST 2, 2023

In my experience as a real estate agent over the last thirty-plus years, many homeowners will search " sell my house fast " for the best-selling strategy. Working with a knowledgeable real estate agent is crucial in navigating the home showing and negotiation. Overcoming common challenges is also vital.

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Point2Homes

JUNE 4, 2021

In rare cases, you can request a home inspection ; however, these inspections have limitations. The easiest way to assess the property’s condition is to visit and take a look at the exterior , searching for any signs of damage, squatting, etc. It’s also essential to run a title search on the property.

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RIS Media

SEPTEMBER 21, 2020

Approved for short sale : A term that indicates that a bank has approved a homeowner for a reduced listing price on a home, and said home is ready for resale. Closing : A meeting during which ownership of a home is transferred from seller to buyer, usually attended by the buyer, the seller, both real estate agents and the lender.

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HomeLight

AUGUST 29, 2022

Another plus is that Texas doesn’t have state income tax, according to Rach Potter, who sells homes 44% quicker than the average agent in Dallas, Texas. As of June 2022, the median sales price of homes in Dallas county was $520,000. As of June 2022, the median sales price in Harris county was $241,500. Find a local Texas agent.

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Point2Homes

DECEMBER 7, 2020

If a homeowner fails to keep up with their mortgage payments, the lender can begin foreclosure proceedings, and the sale of foreclosed homes can sometimes be a bargain to home buyers. As an example, below are some of the steps involved in the sale of a foreclosed home that you need to be aware of. How to Buy Foreclosed Homes.

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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. From appraisal issues to home inspection roadblocks, there’s a lot that can go awry before finally closing on your property. The home appraisal is lower than the sale price.

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HomeLight

OCTOBER 28, 2021

In a recent study , Florida was found to have more homes for sale than any other state in the nation. These charges, also referred to as settlement fees, are due at the end of the transaction when the title of the property is transferred to the buyer. Agent Commission. Title Guarantee. Real estate agent commission.

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McKissock

JULY 26, 2022

As a buyer agent , it is your job to be the voice of reason, the buffer, and sometimes the peacemaker. Timeliness and types of inspections. Free Guide : Become a social media master with this free Social Media Toolkit for Real Estate Agents. Inspections. Title search. Number of days on market. Closing dates.

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Realtor.com

JANUARY 2, 2023

In other words, while a new-construction home might have a sales price that seems more expensive upfront, it’s actually saving a buyer from having to replace, upgrade, or “bring to code” elements of a previously owned home, which could cost tens of thousands of dollars. ” 2. .

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HomeLight

JANUARY 12, 2022

Next steps include the home inspection, appraisal, and final paperwork. 24, you can expect to close on the sale of your home somewhere between the end of February to mid-March. The seller’s portion of closing day usually takes one to two hours , according to Sherry Wiggs , a top real estate agent in Westchester County, New York.

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Real Trends

JULY 11, 2022

Customers understand that the property address and a brief description are part of making an offer, but agents know there’s more to making an offer than that. Of course you want the sale to go through, but explaining contingencies in a contract reduces stress for home buyers and builds a feeling of trust and good will between you.

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HomeLight

APRIL 14, 2023

Georgia is good about not having extra fees or high fees,” says Howard Jefferson , a top-performing Georgia real estate agent with 35 years of experience. A Top Georgia Agent Can Help Reduce Your Costs Partner with a top Georgia buyer’s agent who can help you navigate your homebuying journey and reduce the final amount you’ll pay at closing.

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Lighter Side of Real Estate

JULY 26, 2023

By the time the real estate agent walks in to join you, you’ve come to a decision on which one to buy. But most agents would probably agree that sounds about right. A closing that takes 60 days wouldn’t even be that out of the ordinary for an agent to see. Home inspection issues. Scheduling the closing.

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Realty Biz

NOVEMBER 17, 2020

Zillow actually estimates that selling a home costs $20,851 , on average, while other experts estimate you’ll pay 10% of your home’s final sale price in closing costs. . Real Estate Agent Commissions. Let’s start with the largest cost of selling your home — commissions paid to your real estate agent and the buyer’s agent.

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HomeLight

NOVEMBER 10, 2021

Buyers are usually looking forward to a new lifestyle, not just new walls and doors,” says Kendall Rodesiler , top real estate agent in Toledo, Ohio. “So, Collect those now to have them ready for your real estate agent, home inspector, and property appraiser. “I Hire a stellar real estate agent. Tackle neglected maintenance.

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Windemere Selling

MARCH 14, 2022

Common Real Estate Contingencies Home Inspection Contingency A home inspection contingency allows the buyer to have the home professionally inspected within a certain window of time. If the seller chooses not to make the repairs outlined in the buyer’s home inspection report, the buyer can cancel the contract.

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HomeLight

APRIL 15, 2022

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. . Keller Offers.

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