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?

Closing 103

Closing Backup offer Sales Inspection 103

HomeLight

JUNE 19, 2023

Find a top real estate agent near you We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs. It takes just two minutes to match you with the best real estate agents, who will contact you and guide you through the process.

Purchase and sale agreement 99

Purchase and sale agreement Debt-to-income ratio Due diligence Inspection 99

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.

Purchase and sale agreement 135

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

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.

Purchase and sale agreement 87

Purchase and sale agreement Closing costs Commercial Due diligence 87

Realty Biz

JUNE 15, 2022

Things to Find Out Before Purchasing Land. Performing due diligence is vital when purchasing a home. However, it is important to ask questions and get advice before making a purchase. Real Estate agents are asked important questions all the time as it pertains to land. Is The Land Buildable? Land Easements.

Land 126

Land Purchase and sale agreement Due diligence Title 126

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?

MLS 108

MLS Backup offer Agents Purchase and sale agreement 108

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 ).

Purchase and sale agreement 122

Purchase and sale agreement Due diligence Closing costs Mortgages 122

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.

Backup offer 115

Backup offer Purchase and sale agreement Due diligence Inspection 115

Realty Biz

SEPTEMBER 14, 2023

They have a comprehensive understanding of real estate laws and regulations, which allows them to identify any potential issues or risks associated with a property purchase. Let's explore the different parties: Buyers Real estate attorneys work closely with buyers to navigate the complex legal aspects of purchasing a property.

Purchase and sale agreement 99

Purchase and sale agreement Title search Title Due diligence 99

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.,

Purchase and sale agreement 87

Purchase and sale agreement Due diligence Earnest money deposit Inspection 87

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.

Due diligence 52

Due diligence Purchase and sale agreement Branding Finance 52

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.

Earnest money deposit 98

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

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.

Purchase and sale agreement 70

Purchase and sale agreement Title Short sale Closing 70

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?

Agents 77

Agents Purchase and sale agreement Debt-to-income ratio Due diligence 77

Redfin

MAY 24, 2022

Either way, it’s time to find a real estate agent to guide you through what can be a challenging – and sometimes stressful – process. Or, maybe you’re listing your home for sale in Anchorage, AK , you most likely want top dollar for your property. Steps to take before hiring a real estate agent.

Agents 73

Agents Pre-qualification Purchase and sale agreement Pre-approval 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.

Due diligence 82

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?

Earnest money deposit 75

Earnest money deposit Purchase and sale agreement Due diligence Inspection 75

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?

Purchase and sale agreement 67

Purchase and sale agreement Due diligence Seller disclosure Inspection 67

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. Impacts Sale Price An unsound roof can devalue the entire property, affecting the sale price.

Purchase and sale agreement 81

Purchase and sale agreement Investor Renovation Sales 81

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?

Purchase and sale agreement 100

Purchase and sale agreement Investor Inspection Due diligence 100

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.

Purchase and sale agreement 78

Purchase and sale agreement Investor Equity Closing 78

HomeLight

DECEMBER 30, 2021

Here to help is top Chicago -based real estate agent Debra Dobbs , whose 37 years in the industry have made her a true documentation expert. Real estate agent contract. Your agreement with a buyer’s agent may be one of the first legal documents you’ll encounter when buying a home. Purchase agreement.

Purchase and sale agreement 79

Purchase and sale agreement Title Closing costs Seller disclosure 79

HomeLight

APRIL 11, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract. With a signed sales agreement, the closing process will begin.

Purchase and sale agreement 79

Purchase and sale agreement Closing costs Closing Sales 79

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.

Pre-approval 96

Pre-approval Inspection Purchase and sale agreement Due diligence 96

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.

Land 52

Land Purchase and sale agreement Investor Due diligence 52

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. Purchase price agreement.

Purchase and sale agreement 63

Purchase and sale agreement Equity Mortgages Due diligence 63

HomeLight

AUGUST 27, 2021

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. Even if it’s not legally required, the seller could still face issues with the sale because the mold issue could come to light and could put the sale in jeopardy.

Inspection 109

Inspection Purchase and sale agreement Inspection contingency Due diligence 109

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. Unless you’re submitting an all-cash offer, you’ll need to obtain financing to purchase your home. The home appraisal is lower than the sale price. Financing issues.

Closing 62

Closing Title search Purchase and sale agreement Title 62

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?

Closing 53

Closing Purchase and sale agreement Inspection Due diligence 53

Toronto Realty Blog

MARCH 30, 2022

” or some such nonsense that you’d find ghost-writers providing for every other real estate agent out there. Well, if you’ve ever bought pre-construction in the province of Ontario, you would have already experienced the government-mandated 10-day cooling-off period that affects such sales.

Purchase and sale agreement 74

Purchase and sale agreement Inspection Finance Construction 74

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.

Closing costs 71

Closing costs Purchase and sale agreement Closing Staging 71

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.

Earnest money deposit 104

Earnest money deposit Purchase and sale agreement Due diligence Home sale contingency 104

HomeLight

MAY 24, 2021

In part two of our “Win the Listing Appointment” series, agent and coach Aaron Novello walks us through his listing appointment process — and shares the scripts he uses after the doorbell rings and the appointment begins. You can find the group here: HomeLight Agent Community – The Walkthrough. Full Transcript.

Closing 104

Closing Purchase and sale agreement Agents As-is 104

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.

Purchase and sale agreement 89

Purchase and sale agreement Home sale contingency Sales Inspection contingency 89

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.”

Design 109

Design Purchase and sale agreement Agents Inspection 109

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!

Agents 89

Agents Purchase and sale agreement Due diligence Inspection 89

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.

Purchase and sale agreement 111

Purchase and sale agreement Inspection Title Pre-approval 111