Realty Biz

JULY 17, 2022

Kick-Out Clause vs. Home Sale Contingency. When the real estate market favors sellers home sale contingencies almost become extinct. In hot markets there would never be a need for a seller to even considered a home sale clause. Most real estate agents would laugh at the thought of seeing an offer with a home sale contingency.

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 132

Realty Biz

JULY 1, 2023

Escrow acts as a neutral third party that holds funds and documents until all conditions of the home purchase are met. Step 1: Initiating the Transaction Learning about escrow and initiating the process is an important step that occurs once the buyer and seller have agreed upon the terms of the home purchase.

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Purchase and sale agreement Earnest money deposit Title search Pre-approval 75

Realty Biz

FEBRUARY 20, 2021

Given they are significant legal terms in a purchase and sale, it is essential to have a strong working knowledge of how they work. Some of these clauses can benefit you when purchasing a home, so we will look at some of the contingency clauses you might encounter when buying a property. Real Estate Contingencies Explained.

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Purchase and sale agreement Inspection contingency Earnest money deposit Home sale contingency 135

HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Sellers who may have been wondering about how to sell a house by owner in Colorado during the hot seller’s market of 2021-2022 may now face stronger headwinds and more discerning buyers, according to top real estate agents surveyed by HomeLight.

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Purchase and sale agreement Inspection MLS Inspection contingency 102

HomeLight

OCTOBER 17, 2022

To help you navigate these murky waters, we spoke with a top real estate agent in Georgia and researched Georgia home seller requirements to answer some of the most common disclosure questions. Find a Top Agent to Help You Navigate Disclosures. Find Agent. What is a seller’s disclosure? When transferring real estate in the U.S.,

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Purchase and sale agreement Due diligence Earnest money deposit Inspection 96

Redfin

MARCH 2, 2023

Regardless of your experience, navigating the housing market can be daunting, especially when it comes to understanding the complex jargon and legalities involved in purchasing a property. When a buyer applies for a mortgage to purchase a home, the lender requires an appraisal of the property to determine its fair market value.

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Purchase and sale agreement Earnest money deposit Finance Inspection 57

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. Agents say the ongoing demand for houses is being heavily driven by people fleeing more expensive areas of the country. These loans are designed for low-to-moderate-income borrowers.

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Earnest money deposit FHA loan Purchase and sale agreement Inspection 90