Realtor.com

JANUARY 12, 2021

When is a sale a sale? As a seller, make sure you are willing to accept an offer and know that you may not be able to get out of the deal,” says John Meyers , a real estate agent with Myers and Myers Real Estate in Albuquerque, NM. “It Then it happens—another offer comes in, and a better one at that.

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Backup offer Purchase and sale agreement Due diligence Inspection 115

Point2Homes

JANUARY 31, 2023

Check out comparable properties to make sure that the sale price is fair or whether there’s a little wiggle room to negotiate. So, take your time and ask your real estate agent for advice. The most common way to make an offer is in writing using a standard purchase agreement.

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Earnest money deposit Purchase and sale agreement Pre-approval Inspection 98

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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Closing Backup offer Sales Inspection 104

HomeLight

JULY 23, 2021

The MLS is a real estate database of all the homes in your area that are currently for sale, pending sale, or have recently been sold, and so much more. There’s a wealth of information within the MLS, and your agent has access to all of these useful details. How do I know where a home is in the sales process?

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MLS Backup offer Agents Purchase and sale agreement 108

Kyle Handy

MAY 8, 2023

As a real estate agent, have you ever found yourself scratching your head, wondering how much commission you should be making? What’s the first thing any new real estate agent wants to know ? Many people assume that the entire Realtor fee goes to the real estate agent. Let’s say you’re the buyer’s agent.

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Purchase and sale agreement Closing costs Commercial Due diligence 87

HomeLight

AUGUST 31, 2021

But what if a portion of your rent were going toward purchasing your rental home at a later date? Rent-to-own basics: Crediting rent toward a future purchase. A rent-to-own deal means you can start paying toward a home purchase even if you can’t technically qualify for a mortgage yet. Source: ( Shopify Partners / Burst ).

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Purchase and sale agreement Due diligence Closing costs Mortgages 122

Marco Santarelli

OCTOBER 20, 2023

They can also help you with contracts, agreements, licenses, permits, taxes, and other legal matters that affect your business. Purchase business insurance Business insurance protects you from potential risks and liabilities that may arise from your real estate activities.

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Due diligence Purchase and sale agreement Branding Finance 52

Toronto Realty Blog

JUNE 2, 2021

They would be conditional on a lawyer’s review, a home inspection commissioned by the buyer (but paid for by the government…), satisfactory and guaranteed mortgage financing, a catch-all for unfettered “due diligence,” and a mandated ten-day cooling-off period where the buyer can change his or her mind for any reason. .”

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Pre-approval Inspection Purchase and sale agreement Due diligence 96

HomeLight

NOVEMBER 1, 2021

If you suspect this is the case and have evidence to back it up, you may be able to save the sale if you can convince the appraiser to reconsider. Approximately 9% of home appraisals come in below the sales price. The first step to saving the sale is to request a reconsideration of value (ROV). Reconsideration of value process.

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Sales Purchase and sale agreement VA loan MLS 87

HomeLight

JANUARY 27, 2021

If you’re new to buying a home, you might be wondering where to start and how to work with a real estate agent. but after scrolling through pages of agents with the same star ratings and blindingly similar reviews from clients, you probably still aren’t sure where to start. How do you know if an agent is good or not?

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Agents Purchase and sale agreement Debt-to-income ratio Due diligence 80

Redfin

MARCH 14, 2022

Whether you’re about to purchase a new condo or sell your current home , there is a lot to learn and paperwork to sign. This is only the case if the seller made the buyer fully aware of all home defects before the completed purchase. How a seller’s disclosure can impact a home sale. When should a seller provide the disclosure?

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Purchase and sale agreement Due diligence Seller disclosure Inspection 65

HomeLight

DECEMBER 30, 2021

Gaining an early understanding of the legal documents for buying a house will help you avoid confusion and keep stress levels to a minimum while you’re in the midst of negotiations , inspections , and closing. Real estate agent contract. Dobbs works in Illinois, where buyer representation agreements are not common.

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Purchase and sale agreement Title Closing costs Seller disclosure 82

HomeLight

DECEMBER 30, 2021

If you work with a buyer’s agent, you’ll sign a contract. When you make an offer to buy a house, you’ll sign and initial contracts for each offer, and when one is accepted, it’s now officially a purchase agreement , which becomes a legal document. Real Estate Agent. Real Estate Agent at Americorp Real Estate.

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Purchase and sale agreement Title Short sale Closing 73

Realty Biz

SEPTEMBER 25, 2023

Lawyers for real estate often coordinate with the listing agent when they represent a homeowner. What a listing agent does for a seller can intertwine with the role of an attorney. Ask for recommendations from local real estate agents, friends, or family who have recently bought or sold a property.

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Due diligence Purchase and sale agreement Title Title search 82

Redfin

MARCH 12, 2021

As you close in on making an offer on a home, your real estate agent – or the seller’s agent – will ask about “earnest money.” Earnest money is a type of security deposit, also known as a “good faith” deposit, offered to show the seller of a home that you’re serious about purchasing the property. How does earnest money work?

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Earnest money deposit Purchase and sale agreement Due diligence Inspection 72

HomeLight

JANUARY 25, 2021

House flippers usually purchase houses for cash as-is, saving homeowners the expense of making repairs that lenders might require, along with the stress of showing and staging the home. A traditional sale might be what you had in mind when you originally bought your home. Is the property damaged or are you facing a personal emergency?

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Purchase and sale agreement Investor Inspection Due diligence 102

HomeLight

AUGUST 27, 2021

Or if the inspector uncovers a mold-related issue during the inspection? Mold is everywhere all the time,” says Adam Rutledge , a top real estate agent in Medford, Oregon , who sells homes 68% quicker than the average agent in the area. And can you even sell a house with mold ? When in doubt, just let it all out.

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Inspection Purchase and sale agreement Inspection contingency Due diligence 109

Realty Biz

JULY 31, 2023

Preparing the property for sale involves cleaning, decluttering, and making it presentable. Price it right: Determine a competitive and realistic asking price based on the condition of your house and comparable sales in the area. Affects Home Inspection During the home inspection process , roof condition plays a crucial role.

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Purchase and sale agreement Investor Renovation Sales 81

HomeLight

JULY 12, 2022

If you are thinking about selling your home, those low-hassle, convenient, fast-sale pitches may pique your interest. You may be curious about getting an online quote for the sale of your home. These buyers will provide an online quote to purchase your home—often sight-unseen. Like you, they thought there had to be a catch.

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Purchase and sale agreement Investor Equity Closing 81

HomeLight

AUGUST 31, 2020

Think back to the last big purchase you made. If you’re someone who doesn’t like to make impulsive purchases, you probably did your due diligence and weighed your options before making a decision. With a purchase this big, you have nothing to gain and a lot to lose. Is a final walkthrough required by law?

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Closing Purchase and sale agreement Inspection Due diligence 53

Toronto Realty Blog

MARCH 30, 2022

Did you enjoy the post about home inspections on Monday, or did you want to want to get political, yet again? ” or some such nonsense that you’d find ghost-writers providing for every other real estate agent out there. TorontoRealtyBlog. I read the comments on the blog most of the time, just so you know.

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Purchase and sale agreement Inspection Finance Construction 74

Redfin

APRIL 13, 2022

Simply put, a rent-to-own home is a residential property that you agree to live in as a rental for a set number of years with the option to purchase the house at the end of the rental term. With most rent-to-own agreements, the renter pays an additional monthly payment that goes toward the down payment. a mortgage).

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Purchase and sale agreement Equity Mortgages Due diligence 62

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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Closing Title search Purchase and sale agreement Title 61

HomeLight

APRIL 11, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. However, the initial offer is typically subject to change after they have inspected your home. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract.

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Purchase and sale agreement Closing costs Closing Sales 82

Marco Santarelli

SEPTEMBER 6, 2023

Financial Planning: Assessed land value is a critical factor when planning the financial aspects of a land investment, including budgeting, financing, and setting a reasonable purchase price. Negotiation Skills: Your negotiation skills and ability to reach a mutually beneficial agreement with the seller can impact the final purchase price.

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Land Purchase and sale agreement Investor Due diligence 52

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). The short answer is yes, usually.

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Earnest money deposit Purchase and sale agreement Due diligence Home sale contingency 106

HomeLight

DECEMBER 7, 2021

Whether you’re buying, selling, or refinancing a home, you’re probably going to have to endure a home inspection. It can necessitate a lot of preparation and cause a certain amount of anxiety, but a home inspection is an important part of the process when you’re selling a home. But what’s inspected? Prepare for an inspection.

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Inspection Purchase and sale agreement Pre-approval Closing 86

RIS Media

SEPTEMBER 20, 2021

Arizona state statute requires licensed real estate agents to notify buyers through a written affidavit whether or not the property is on a FEMA-designated floodplain. Licensed real estate agents must also disclose any water that is a “feature” of the property, and whether it fluctuates “substantially in size or volume.”

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Design Purchase and sale agreement Agents Seller disclosure 108

HomeLight

AUGUST 24, 2022

Maybe your company is transferring you from Atlantic City to Las Vegas, and you don’t have time for a lengthy home sale process. HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in New Jersey. Simple Sale (a HomeLight platform). No repairs, no staging, no open houses.

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Closing costs Purchase and sale agreement Closing Staging 74

HomeLight

SEPTEMBER 15, 2021

Even if you’re listing your home without a Realtor’s® help, you’ll still need to gather the necessary paperwork for the sale and fill it out correctly. We hope it helps illuminate this tricky part of the sale, while giving you an honest idea of just how complex real estate transactions can be! Original sale contract.

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Purchase and sale agreement Inspection Title Pre-approval 112

HomeLight

FEBRUARY 4, 2022

If you haven’t purchased a home before, you probably have lots of questions about the process. And if you’ve recently overheard a work colleague gloating about how they easily bought a house without a real estate agent, one of those questions might be whether you actually need to hire an agent at all. And lots more!

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Agents Purchase and sale agreement Due diligence Inspection 92

HomeLight

OCTOBER 26, 2021

But before going full steam ahead with the purchase, it’s in your best interest to know the house is safe, structurally sound, and that major systems are functioning properly before closing the deal. The home inspection is a buyer’s single best opportunity to assess a home’s condition. But what’s most important in a home inspection?

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Inspection Purchase and sale agreement Due diligence Closing 72

HomeLight

SEPTEMBER 10, 2022

Say you’re visiting yard sales on a Saturday morning and you come across the perfect wicker patio set, exactly what you’ve been looking for. We’ve done the research, read contract language, and talked to a veteran real estate agent to learn what buyers need to know about 72-hour kick-out clauses. Real Estate Agent. Transactions.

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Purchase and sale agreement Home sale contingency Sales Inspection contingency 92

HomeLight

JULY 26, 2022

Is it a yard sale? No…it’s a for sale sign!!! But this sign looks different from the real estate agent signs you usually see and it lists the homeowner’s contact information. 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.

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Earnest money deposit Purchase and sale agreement Title Inspection 94

Realtor.com

JANUARY 13, 2021

Katsumi Murouchi; ablokhin; Anna Peisl/Getty Images I thought I was up to the challenge of a long-distance home purchase during a pandemic. I had a trusted real estate agent from my last house purchase. Go beyond standard due diligence. Typically, the buyer pays for the home inspection during the escrow period.

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Due diligence Inspection Agents Closing 121

HomeLight

FEBRUARY 14, 2022

This includes perspective from Margaret Labus , a real estate agent in the Lake Geneva , Wisconsin, area, who has 18 years of industry experience. Real Estate Agent. Real Estate Agent at @properties. With a rent-to-own or a lease-purchase agreement, however, the tenant has already agreed to buy the home after a specified period.

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Purchase and sale agreement Due diligence Finance Equity 81

HomeLight

OCTOBER 30, 2020

All-cash offers are beloved by sellers and real estate agents alike — and they’re more than three times as likely to be chosen from the pack. 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. Cash purchases, too, can get held up by a range of potential delays.

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Closing Inspection contingency Title search Purchase and sale agreement 110