The Close

NOVEMBER 25, 2024

In this “How to Buy a Multifamily Property” guide, I’ll walk you through deciding which type of multifamily property you want to purchase, picking the right lender, and running the numbers to ensure profitability. Purchasing a multifamily property is an excellent way for investors to generate steady income.

Purchase and sale agreement

The Close

NOVEMBER 7, 2024

Build a network of reliable professionals like real estate agents, contractors, and property managers. Have a clear investment strategy and long-term goals before purchasing. Next, draft an operating agreement that outlines your company’s purpose, structure, and governance.

Hard money loan

The Close

JANUARY 16, 2025

A rent to own home is a type of real estate investment when a tenant purchases the property theyre renting after a specific time. In this kind of deal, part of what the tenant pays in rent goes towards building equity in the home, or the owner credits it toward the purchase price. However, purchasing one requires a different approach.

Purchase and sale agreement

Redfin

MARCH 7, 2025

Comparable sales (comps) Reviewing recent sales of similar homes in your area, called real estate comps , helps determine a fair listing price. How to price your home for sale A good starting point is to get your Redfin Estimate , which gives you a ballpark figure of what your home is worth and what price you could sell your house for.

Sales

Redfin

AUGUST 6, 2025

In real estate, “in escrow” refers to a specific phase of the homebuying process when a neutral third party temporarily holds important funds and documents while the buyer and seller work toward finalizing the sale. The escrow account holds the deposit along with important documents like the purchase contract, loan paperwork, and the deed.

Earnest money deposit

HomeLight

AUGUST 6, 2025

You’re trying to move quickly while maintaining your balance on everything from finances to moving trucks. We spoke with Jennifer Hupke , a top-rated real estate agent in Milwaukee, Wisconsin, who sells homes nearly 60% faster than the average local agent. Connect with your top agent matches today at no cost.

Closing

Marco Santarelli

NOVEMBER 23, 2024

A clear understanding of your financial situation will help you determine how much you can invest in a new property and whether you need to explore financing options. Conducting due diligence is essential before committing to a purchase. Cons: Time-consuming: It can take time to accumulate enough profits to purchase another property.

Hard money loan

Redfin

JULY 7, 2025

But whether or not solar panels will make or break a home sale depends on a few key factors. According to a 2024 National Association of Realtors (NAR) survey , real estate agents found that rooftop solar panels can increase perceived home value as buyers look to save money on energy costs.

Purchase and sale agreement

Redfin

JULY 2, 2025

A question that rattles both sellers’ nerves and real estate professionals’ phones: What happens when a buyer backs out of a home sale? Every real estate transaction carries this tension, and knowing your rights and options is important for a successful sale. Financing: Even with pre-approval, buyers might fail to secure a mortgage.

Purchase and sale agreement

Toronto Realty Blog

JULY 10, 2025

This entered my mailbox last week: Hi David, I was hoping you could dedicate a future blog post to so called “escape clauses” in real estate agreements. 2023: Sold Conditional On The Sale Of Buyers’ Property I suppose I’ve written a blog on just about every real estate topic out there, at one time or another.

Purchase and sale agreement

Redfin

JULY 10, 2025

After offer acceptance At the start of the due diligence period Purpose Shows buyer commitment and secures the contract Compensates seller for taking property off the market Applied to purchase? Credited toward the purchase price at closing Credited toward the purchase price if sale closes Fee amount 1-3% of the purchase price Often 0.1%

Due diligence

Redfin

JULY 2, 2025

Can a seller back out of a sale before closing? Yes, a seller can back out of a home sale, but only with a valid legal or contractual reason. Know your contract Once both parties sign a purchase agreement , it becomes legally binding. When can a seller back out of a home sale?

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. Even without liquid funds, buyers can explore bridge loans, private lenders, or creative financing to structure a cash-like offer. Both parties sign closing documents, finalizing the sale.

Purchase and sale agreement

Redfin

JUNE 23, 2025

It’s a crucial period to verify the property’s condition, ensure it meets expectations, and meet any financing requirements set by the lender. It’s typically refundable if the buyer backs out for a valid reason like inspection or financing issues. Terminate the agreement, if the contract allows.

Due diligence

Toronto Realty Blog

FEBRUARY 20, 2025

80%), one of the major banks will finance the project and give the go-ahead to begin construction. The developer set the “rules” back when buyers purchased in pre-construction sales centres and the developer is still the legal owner of the condo. A condominium is a corporation. But it doesn’t matter.

Development

Redfin

JULY 14, 2025

It’s designed to show the seller they’re serious about the purchase and typically ranges from 1% to 3% of the purchase price. If a buyer acts outside the bounds of that agreement, even unintentionally, and the deal falls through as a result, it can be considered a breach of contract.

Earnest money deposit

Redfin

JULY 16, 2025

Key takeaway: Once a home is under contract, the seller is legally bound to the agreement and cannot accept another offer – unless specific clauses or contingencies allow it. Once both parties have signed a legally binding purchase agreement , the seller is obligated to uphold its terms. Generally, no.

Backup offer

HomeLight

JULY 23, 2025

“The most common reason is that the home needs repairs or updating that the seller doesn’t want to do,” says Peter Derry , a leading South Carolina agent who works with over 67% more single-family homes than the average local agent. The buyer understands they’re purchasing the property in its current condition.

As-is

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. Mortgage and financing documents Youll want to put together all your home loan and financing forms you would have received from your mortgage lender.

Purchase and sale agreement

Redfin

JULY 9, 2025

Whether you’re purchasing your first home or need a refresher, understanding each step in the home buying process timeline can help you avoid surprises and feel more confident along the way. It’s also a good time to check your finances. Ask for referrals from friends and family, read online reviews, and interview a few agents.

Pre-approval

Redfin

JUNE 5, 2025

This can give you a real edge, potentially helping you secure a property even when others are putting in higher offers that rely on financing. home purchases were made in cash in 2024. Essential closing costs beyond the purchase price Even without a lender, you’ll encounter several categories of closing costs.

Closing costs

Toronto Realty Blog

JANUARY 16, 2025

” While you and I might think that the math is simple, the idea of “less than nothing” could be significantly more difficult for an 8-year-old girl to understand, or, for an unfortunate, confused, entitled real estate agent and “investor” to grasp when selling his home at a loss. Ron was willing to play ball.

Closing

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

HomeLight

JULY 18, 2025

Connecting with the right local agent and preparing your home are important steps, but when you list can also make a difference. To determine the best time to sell a house in New England, we spoke with Isadora Sarto , a highly rated local agent who sells homes more than 35% faster than her peers. What's Your New England Home Worth?

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 What Does a Real Estate Lawyer Do? These documents include purchase agreements, deeds, titles, lease agreements, and financing contracts.

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 Earnest Money and House Deposits Explained 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?

Earnest money deposit

Redfin

JUNE 27, 2025

These can greatly affect both the quality of your purchase and your bottom-line expense. Whether you’re purchasing your first home in Phoenix, AZ or in Trenton, NJ , here’s what you need to know before starting the homebuying process. Here’s what to do instead: When choosing a real estate agent, interview at least three candidates.

Pre-approval

Redfin

JULY 15, 2025

If in doubt, check in with the contract in place or the real estate agent. Most buyers have between 5 to 10 days after an offer is accepted to schedule a home inspection and come back to the seller—but the timeframe depends on the purchase agreement , local laws, and any negotiations between buyer and seller.

Inspection

The Close

MARCH 13, 2025

Selling a house with tenants in place can add an extra layer of complexity to the sale of an investment property. For a smooth sale, you will want to do all you can to minimize the impact on the tenant while maximizing your profitability during the sale. Knowing the type of lease will help you determine your legal options.

Investor

Redfin

AUGUST 6, 2025

Amongst all the excitement and anticipation that comes with buying a home, it’s important to keep a realistic timeline of just how long it takes to purchase a house. In this Redfin article, find out how long it takes to buy a house based on the three most common scenarios – a cash offer, a mortgage, and a short sale.

Pre-approval

Rochester Real Estate

NOVEMBER 5, 2015

Are your finances ready to buy a home, or will you be better off renting for a few more years? Your Housing Budget The purchase price of the home shouldn’t be your only consideration. (585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. 585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P.

Purchase and sale agreement

Redfin

JUNE 30, 2025

Whether you had custom furniture built specifically for your modern house in Denver or your buyers just really like your interior design work, there are a number of reasons why someone would want to package the furniture up with a home sale. This simple guide walks you through how to include furniture in your home sale with confidence.

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

Rochester Real Estate

NOVEMBER 5, 2015

This process involves transferring the property to a buyer with available funds, eliminating the need for mortgage financing. Understanding the cash sale process, weighing the pros and cons, finding a reputable cash home buyer, and preparing your house for a cash sale are all essential steps to ensure a successful transaction.

As-is

Redfin

JUNE 30, 2025

That said, laws and practices vary slightly by state, so it depends on how the title company, attorney, or escrow agent handles closings. Whether you’re selling a home in Texas, Florida, or California, many closing agents now offer remote options that allow you to complete your part of the transaction without being physically present.

Closing

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

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 Buy a House in New York 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?

Purchase and sale agreement