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. Financing issues. How to remedy the situation.

Closing 63

Closing Title search Purchase and sale agreement Title 63

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?

Earnest money deposit 111

Earnest money deposit Purchase and sale agreement Due diligence Home sale contingency 111

HomeLight

JANUARY 13, 2022

These conditions are known as contingencies, which is where the term “active contingent” comes from. Many offers contain contingencies. In May 2020, 76% of closed sales contained purchase contingencies, a survey from the National Association of Realtors® (NAR) found. Inspection contingencies.

Backup offer 97

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 97

HomeLight

JUNE 30, 2021

There’s more that goes into making an offer besides landing on a purchase price. There are a number of factors to consider, and you’ll need to assess your finances and take your priorities into account. This is usually the biggest purchase and sale someone makes in their life. Financing contingency.

Purchase and sale agreement 98

Purchase and sale agreement Inspection contingency Inspection Home sale contingency 98

HomeLight

OCTOBER 30, 2020

A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. And if you add a home sale contingency into the mix (that is, if you need to sell your current home before you can buy a new one), closing the deal can take even longer. Not always!

Closing 116

Closing Inspection contingency Title search Purchase and sale agreement 116

HomeLight

JULY 31, 2022

Find a home. When you find a neighborhood you love, the next step is finding a home that’s for sale and in your price range. You can set up search parameters on real estate platforms and spend hours combing through photos and property descriptions, but you can also get more proactive. Earnest money.

Earnest money deposit 110

Earnest money deposit Agents Purchase and sale agreement Title 110

HomeLight

JULY 26, 2022

Is it a yard sale? No…it’s a for sale sign!!! You’ve found yourself a FSBO home. What is a FSBO home? A “for sale by owner,” or FSBO (pronounced “fizz-bo”) home, is a home that is being sold by its owner who hasn’t hired a listing agent. Why would a seller want to list their home FSBO?

Earnest money deposit 115

Earnest money deposit Purchase and sale agreement Title Inspection 115

HomeLight

NOVEMBER 21, 2022

When the time comes to move, some tenacious homeowners in South Carolina are eager to take over the reins of their home sale and figure out how to sell a house by owner. As the market shifts, you may have new concerns about how much you can get for your home and the amount of your net proceeds. Get Started.

Purchase and sale agreement 102

Purchase and sale agreement MLS Pre-approval Agents 102