Redfin

MARCH 4, 2025

Of course, you may need specific paperwork depending on your situation or local laws in your area, so be sure to consult with your real estate agent or attorney during the home selling process. Particularly youll need the original purchase agreement and deed. Deed Youll need the deed to your house.

Purchase and sale agreement

Redfin

JULY 30, 2025

Key takeaways: A cash offer on a house means the buyer pays the full purchase price upfront without relying on mortgage financing. A cash offer simply refers to a situation where a buyer pays the entire purchase price upfront, without using a mortgage or other loan. Both parties sign closing documents, finalizing the sale.

Purchase and sale agreement

Rochester Real Estate

NOVEMBER 5, 2015

Joseph statue, having an auction, establishing a rent-to-own agreement, hosting an open house party, and hiring a discount broker. In my experience as a Rochester Realtor, having the home sale basics down first is essential. Joseph, the family and home patron saint, will help make a quick and successful sale. Joseph Statue 1.

Purchase and sale agreement

Redfin

JUNE 9, 2025

Because lenders base loan amounts on the appraisal—not the purchase price— buyers are typically responsible for covering this difference out-of-pocket. Prices increasing fast: Prices rise quickly in hot markets but appraisals rely on older sales data that may not reflect the latest trends.

Purchase and sale agreement

Redfin

JUNE 17, 2025

It can help you save on agent fees, offer the possibility of a gift of equity, and reduce or eliminate your down payment. Gift of equity : A home must be sold at fair market value , but your family member can offer a gift of equity to make it affordable. Be sure to get all agreements in writing.

Purchase and sale agreement

Redfin

JULY 31, 2025

Fannie Mae’s HomePath Ready Buyer Program : This offers up to 3% in closing cost assistance when purchasing a HomePath property and completing a homeownership course. Avoid new credit: Don’t open new credit accounts or make large purchases before applying for a mortgage. These typically range between 2-5% of the home’s purchase price.

Purchase and sale agreement

Rochester Real Estate

NOVEMBER 5, 2015

Rent-to-own homes are a type of housing that allows people to rent a home and then potentially purchase it at some point in the future. Some of the common reasons a potential buyer may not be able to purchase just yet include not having good enough credit or lacking a down payment. The tenant and landlord will agree on a monthly rent.

Purchase and sale agreement

Rochester Real Estate

NOVEMBER 5, 2015

On the other hand, when you’re selling, you want your home to appraise for the agreed-upon sales price. In hot real estate markets characterized by low inventory levels of homes for sale, it is not unusual to have bidding wars on many properties. It is one of the reasons many home sellers love cash sales.

Purchase and sale agreement

The Mortgage Report

JULY 22, 2025

A mortgage is a legal agreement between the lender and all borrowers. Unequal financial contributions: Alex and Leah purchased a condo while they were still dating. The proceeds can be divided according to your ownership agreement. Things to consider: You’ll need everyone on the title to agree to the sale.

FHA 203k rehab loan

Redfin

JUNE 10, 2025

This can create a significant hurdle in real estate transactions, particularly for those navigating the market with Redfin’s platform and agents. Mortgage lenders typically base their financing on the appraised value or the purchase price , whichever is lower, directly impacting the loan amount.

Purchase and sale agreement

Redfin

JANUARY 28, 2025

Instead of applying for a new home loan with todays mortgage rates and terms, the buyer steps into the seller’s position as the borrower and continues making payments under the original loan agreement. This is typically reflected in the sale price of the property.

Loans

Redfin

AUGUST 5, 2025

Home buyers can legally purchase a home from their parents or any family member. Of course, this depends entirely on the circumstances of the sale, but you’ll likely avoid a bidding war. For the sale to work out, you may need to be ready to move in at the same time your parents are ready to move out. Can I buy my parents’ house?

Purchase and sale agreement

Redfin

JUNE 17, 2025

One person may stay in the home while both parties share ownership and costs, often with an agreement to sell at a later date. Deciding who gets the home depends on a few key factors: whether the house is considered marital or separate property, what your state laws say, and whether you have a prenuptial or postnuptial agreement in place.

Purchase and sale agreement

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles How To Set A Home Renovation Budget Kyle Hiscock Kyle Hiscock | Greater Rochester NY Real Estate | Pittsford NY Realtor at RE/MAX Realty Group Have questions about buying or selling a home?

Renovation

Toronto Realty Blog

APRIL 3, 2025

He said the agent promised he would find a new buyer to take over the deal before the closing date, when condo prices would be even higher. Back in 2004, you could purchase a pre-construction condo with 5-10% down. But this isn’t like your private equity investment in Europe that was invested in through your wealth manager.

Construction

Redfin

JULY 28, 2025

Ownership: Owned systems generally increase home value because buyers take over a fully paid asset, while leased systems or power purchase agreements (PPAs) may complicate sales or reduce the premium since the new owner inherits the contract. It’s always best to check with a local solar installer or real estate agent. >>Discover:

Purchase and sale agreement

Redfin

JULY 3, 2025

Waiting until your divorce is finalized can help prevent legal or financial complications during your purchase, ensuring a smoother path to closing. However, buying sooner may help you settle into a stable living situation and start building equity instead of paying rent. Should you rent first?

Debt-to-income ratio

Redfin

JULY 17, 2025

Sign a cohabitation property agreement A cohabitation property agreement is a legal document that outlines how you’ll handle ownership and responsibilities as unmarried co-owners. Ask for recommendations from your lender, real estate agent , or friends who’ve purchased property together.

Purchase and sale agreement

Housing Wire

APRIL 1, 2024

“What if homeowners could tap into home equity without taking on debt?” Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value. In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period.

Equity

Housing Wire

NOVEMBER 2, 2023

Just a couple years ago there was incredible momentum building around alternative ways to purchase, sell and extract value from residential properties. The highly competitive purchase market and bidding wars gave rise to power buyer models to help non cash buyers compete. In fact, they might have become more challenging in many cases.

Purchase and sale agreement

Housing Wire

NOVEMBER 9, 2023

So, the fact that we are now seeing things further in the process come down to agents and brokers — I was not entirely surprised by that.” Unlike Murray, Marx Sterbcow, the managing attorney at Sterbcow Law Group, believes that the settlement agreements will be approved, but he supports Murray’s assertion that the DOJ will step in.

Purchase and sale agreement

Housing Wire

AUGUST 28, 2023

billion in production volume in the first half of 2023, refis accounted for $131 million and purchase loans consisted of $1.6 The lender’s gain-on-sale margin increased to 2.34% for the six months ended June 30, 2023, from 0.99% for the six months ended June 30, 2022. Better’s funded loan volume of $1.7

Purchase and sale agreement

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. and Canada.

Inspection

Housing Wire

JULY 13, 2021

Guaranteed Rate, the Chicago-based mortgage lender , and Compass, the New York City-headquartered residential real estate brokerage , “entered into a definitive agreement to form OriginPoint , a new mortgage origination company,” according to a press release Tuesday. 2 brokerages in residential sales volume nationally – and bitter rivals.

Purchase and sale agreement

HomeLight

AUGUST 23, 2024

If you’re hoping to purchase a home in the near future, you should be aware of a major change to the home-buying process that has altered how homes are purchased and shopped across the country. You can then make a strong offer on your next home with no home sale contingency. What is a broker-buyer agreement in real estate?

Purchase and sale agreement

Toronto Realty Blog

NOVEMBER 13, 2023

Peter tells John, “I wanted to let you know that I am going to list the condo for sale.” The property is listed for sale and ends up selling after about three weeks. Bob the Buyer is a young man who is purchasing his first home, and is excited to move into the condo in the fall. And what does Bob the Buyer do?

Purchase and sale agreement

HomeLight

MAY 23, 2024

If you lack upfront deposit money, have poor credit, or are just nervous about a home-purchase commitment, a condo rent-to-own program can help you get a foot in the door to homeownership. This ease-in process can also help you build equity while renting, improve your financial standing, and give you time to decide if condo life suits you.

Purchase and sale agreement

HomeLight

OCTOBER 4, 2021

We talked to expert agents experienced in the rent-to-own process to show you exactly where to look and what pitfalls to watch out for. Talk to an experienced agent. A rent-to-own home is an agreement that allows the renter to buy the home from the landlord after a specific lease period. Lease purchase. Table of Contents.

Purchase and sale agreement

GeekEstate

OCTOBER 29, 2021

This market map real estate technology companies operating across every phase of the home purchase value chain. For instance, while Blend’s original product focused specifically on the mortgage point-of-sale, the company has since expanded to offer title services, home insurance and closings.

Technology

HomeLight

JULY 31, 2020

You don’t see as many short sales in 2020 as in 2010; despite their name, they’re neither short nor simple endeavors. If a homeowner is behind on their mortgage payments, owes more money than the property’s current value, and is in danger of foreclosure, a lender may agree to terms of a short sale. How do short sales work?

Short sale

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

HomeLight

JULY 12, 2024

You’ll hear your lender and real estate agent use the phrase “house in escrow.” Unlock Your Equity and Buy Before You Sell Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Get Started What does ‘in escrow’ mean in real estate?

Purchase and sale agreement

HomeLight

JANUARY 3, 2024

Sometimes you come across a home for sale that checks off every box on your list, but the listing status says that it’s “under contract” or “sale pending.” We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs. Get Started What does ‘under contract’ mean?

Purchase and sale agreement

HomeLight

SEPTEMBER 30, 2020

If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. That being said, the home purchase process is a lot more complicated and drawn out with a short sale because it all hinges on the oversight and approval of a third party: the mortgage lender. Short sales 101.

Short sale

HomeLight

JULY 29, 2022

If you’re in this demographic and looking for a house in retirement, chances are your priorities have changed from when you purchased your first home. Building equity. Building equity , or increasing your home’s value minus the amount you owe on it, is something every homeowner strives for. Find a Buyer's Agent.

Purchase and sale agreement

HomeLight

FEBRUARY 26, 2024

We’ll look at the financial mechanics behind affording a luxury home and explore alternatives that can make your dream purchase a reality. They’re going to do a conventional loan, and then do an equity loan so that they can afford it.” Let’s take a look at these common ways people can afford to purchase a million-dollar home.

Purchase and sale agreement

HomeLight

JANUARY 31, 2024

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. If significant defects are found, the buyer can renegotiate or withdraw from the sale without penalty.

Purchase and sale agreement