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

JULY 10, 2025

How to pay earnest money and due diligence fees Earnest money is usually paid soon after your offer is accepted and held in escrow by a neutral third party, like a title company or escrow agent. Due diligence fees are paid directly to the seller at the start of the inspection period to secure your right to evaluate the property.

Due diligence

Redfin

MARCH 4, 2025

Youll need to coordinate with your real estate agent in order to tour these properties. Government-owned properties Some mortgages are government-backed, like VA loans and FHA loans. If a buyer with a government-backed loan goes into foreclosure, the government will take control of the property.

Pre-approval

The Close

MARCH 11, 2025

Weve identified six steps for how to find for sale by owner homes, along with the advantages and disadvantages of navigating the FSBO process without a real estate agent involved. Various financing options exist for FSBO properties, like traditional mortgages, hard money loans, and private investors.

Sales

Rochester Real Estate

NOVEMBER 5, 2015

Saving a Down Payment While many home loan options allow low down payments, this will mean additional costs. Hiring a Real Estate Agent When buying a property, the right buyer’s agent will save you time and, perhaps more importantly, money. (585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P.

Purchase and sale agreement

Redfin

JULY 9, 2025

It’s best to shop around to find the best rate and determine the best type of mortgage loan for you. Find a real estate agent Estimated time: 1-2 weeks A buyer’s agent is a licensed real estate agent who represents your best interests throughout the home buying journey. > >Read: What to Look For on a Home Tour 6.

Pre-approval

Redfin

JUNE 17, 2025

The steps of the due diligence period can include any of the following: Home inspection Pest inspection Appraisal Negotiation of closing costs Title search and title insurance Renegotiations (if applicable due to home inspection) During this period before settlement, the buyer and seller are able to continue negotiations.

Closing

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 Should I Waive My Home Inspection When Buying A House? When a home seller gets an offer that doesn’t have a home inspection contingency to complete the sale, they often jump on it.

Inspection

Redfin

JULY 21, 2025

Common contingencies include: Financing contingency: Protects buyers if they can’t secure a mortgage loan. This contingency ensures the buyer isn’t penalized if a lender denies their loan application. Home inspection contingency : Allows termination if major issues are found during the inspection.

Earnest money deposit

HomeLight

FEBRUARY 20, 2025

Youve just found your dream home and are finalizing your offer when your real estate agent calls with concerning news. To sweeten your offer, you may be considering waiving the appraisal contingency, promising not to walk away from the deal if the appraisal comes in below your offer price. What is a contingency?

Inspection contingency

Keeping Current Matters

NOVEMBER 30, 2020

Listen to Your Real Estate Agent. The best way to know this is to reach out to your lender to get pre-approved for a loan early in the homebuying process. As soon as you find the right home for your needs, be prepared to work with your agent to submit an offer as quickly as possible. Make a Fair Offer. Bottom Line.

Inspection contingency

Keeping Current Matters

JUNE 21, 2021

That’s why you should connect with a lender to get pre-approved for a loan early in the homebuying process. A skilled agent will do everything they can to help you stay on top of every possible opportunity. While homebuying may seem like a whirlwind process to you, local real estate agents do this every day, and we know what works.

Inspection contingency

Keeping Current Matters

SEPTEMBER 15, 2021

The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. After you’ve worked with your agent to find the home that suits your needs, they’ll help you put together and submit your best offer as soon as possible. Agents are experts in the local real estate market. Bottom Line.

Inspection contingency

Keeping Current Matters

MARCH 15, 2021

The best way to know this is to get pre-approved for a loan early in the homebuying process. Without an inspection contingency, you could be stuck with a contract on a house you can’t afford to fix.”. Understand Your Finances. Having a complete understanding of your budget and how much house you can afford is essential.

Inspection contingency

HomeLight

JANUARY 12, 2024

If you’ve been shopping for a home, you’ve likely come across the term “loan contingency,” and you may be considering including this clause in your purchase offer. Or perhaps you’ve already made a loan-contingent offer, and you’re wondering about contingency removal. What is a loan contingency?

Loan contingency

Realtor.com

OCTOBER 29, 2020

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. It’s rarely advisable to waive an inspection contingency. Clear the title. Get final mortgage approval.

Closing

HomeLight

JUNE 9, 2023

So in this context, “contingent” is a bit like saying, “Hold on, we’re working things out!” ” Step one: Talk to a few buyer's agents! Get Started Are contingencies common in real estate? It’s also true that most real estate contracts, even those with contingencies, end up closing.

Home sale contingency

Realty Biz

AUGUST 3, 2020

With home buyers facing tougher competition this year amid ongoing housing shortages, some are trying to gain an edge by waiving contingencies to make their offers look more enticing. Redfin said this week that almost 20% of successful offers submitted by its agents in June in select U.S. who did so in June 2019. In addition, 20.6%

Inspection contingency

HomeLight

JANUARY 31, 2024

Here are some of the most common contingencies you might encounter: Home sale contingency: This allows the buyer a specified amount of time to sell their current home. Inspection contingency: This gives the buyer the right to have the property inspected within a certain timeframe.

Purchase and sale agreement

HomeLight

JULY 31, 2022

One of the first steps is to pick a real estate agent to work with. But what if you decide that you don’t want to work with a buyer’s agent to buy your home? Well, welcome to your step-by-step guide to buying a home without a real estate agent. You’ve decided it’s time to buy a house ! Find a lender you can trust. Find a home.

Earnest money deposit

HomeLight

MARCH 23, 2021

You may wonder, what does a real estate agent even do? According to the National Association of Realtors®, 88% of homebuyers purchased their home in 2020 through a real estate agent , and for good reason. Real estate agents are essential advocates through the homebuying process. What is a real estate agent?

Agents

HomeLight

DECEMBER 30, 2023

Find a Top Agent With Experience in Contingency Offers If you need to make an offer on a home with contingencies, you’ll want a top agent by your side who can avoid pitfalls and secure the home you want. If the buyer fails to secure financing, they can withdraw without losing their deposit.

Home sale contingency

HomeLight

JANUARY 31, 2025

Although 20% of buyers waived inspection contingency , you may still be obligated to resolve certain issues, depending on your states and the buyers lenders policies. It takes just two minutes to match clients with the best real estate agents, who will help you be ready for your home inspection.

Inspection

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. We talked to two top real estate agents to walk us through what can hold up even an all-cash deal. Maybe you aren’t using a loan, but you can still run into cash flow issues. Not always!

Closing

HomeLight

NOVEMBER 8, 2024

We’ll also share tips on how you can make a strong, non-contingent offer so you’re not stuck in the pending zone. Find a Top Agent With Experience in Contingency Offers If you need to make an offer on a home with contingencies, you’ll want a top agent by your side who can avoid pitfalls and secure the home you want.

Inspection contingency

Windemere Buying

APRIL 12, 2023

Real Estate Agent You’ll be represented by a buyer’s agent throughout the home buying process. When searching for a real estate agent, ask questions to gain an understanding of their professional expertise as well as their personality. Once you’ve chosen the right loan product, they’ll hand things off to the lender.

Pre-approval

Realty Biz

FEBRUARY 20, 2021

The home buying contingencies below should be completely understood before signing on the dotted line of a purchase and sale agreement. Home inspection: often called a due diligence contingency, will give the buyer rights to have the house inspected. Most buyers will have a home inspection contingency in their contract.

Purchase and sale agreement

The Close

AUGUST 6, 2024

As their agent, you must also know how to protect your clients through the as-is selling process and understand the nuances such as navigating inspections and disclosures. Notably, falling below MPR standards could be a deal breaker for some homebuyer programs, such as a Federal Housing Authority (FHA) loan or VA loan.

As-is

HomeLight

JANUARY 13, 2022

You’re getting ready to call your agent to schedule a showing when you notice that the listing says the property is “active contingent.”. What on earth does active contingent mean? Barnes has completed 10% more deals than the average agent in his area. Inspection contingencies. Appraisal contingencies.

Backup offer

HomeLight

JANUARY 3, 2024

Find a Top Agent With Experience in Contingency Offers If you need to make an offer on a home with contingencies, you’ll want a top agent by your side who can avoid pitfalls and secure the home you want. Kaczor , a top-selling agent from Illinois with 30 years of experience. “It

Purchase and sale agreement

HomeLight

JULY 31, 2020

With the help of Brad Graves , a top real estate agent in San Antonio, Texas , and some recent national home purchase data, we’ll examine the pros and cons of all-cash offers. To be clear, an all-cash offer means you won’t be getting a mortgage loan for any portion of the sale. Pro #1: Limited contingencies.

Purchase and sale agreement

HomeLight

NOVEMBER 29, 2021

These are called contingencies, and they’re very common in a real estate sales contract. They’re basically in every purchase agreement ,” says Rick Ruiz , a top real estate agent in Las Vegas, Nevada , who completes 15% more sales than the average Las Vegas. This type of contingency can last between 30 and 90 days.

Purchase and sale agreement

HomeLight

DECEMBER 29, 2023

In this brief guide, we’ll provide an overview of what it means to make a non-contingent offer, its benefits, risks, and when it might be the right strategy for you. Partner With a Top Buyer’s Agent to Guide You HomeLight can connect you with a top-rated local real estate agent familiar with non-contingent offers.

Inspection contingency

Point2Homes

DECEMBER 23, 2021

An escrow agent will oversee this account, releasing the funds to go toward paying for the home if everything goes according to plan. Often, a title company or real estate agent might act as the escrow agent responsible for managing the funds as agreed upon in the contract. Buyers Escrow. What Happens with Escrow at Closing?

Earnest money deposit

Point2Homes

DECEMBER 8, 2020

Essentially, contingent listings still have contingencies to be fulfilled in order for the sale to go through, so the seller may still be open to other offers. In this case, even though contingencies are still pending, the seller has decided that they will forego any more showings. Short Sale.

Purchase and sale agreement

Point2Homes

DECEMBER 7, 2020

Lenders will normally look at your debt-to-income ratio to determine whether you qualify for a loan. The real estate agent you choose to work with is even more important when buying a foreclosure. What’s more, the right agent can also help you find foreclosed homes that you might have otherwise missed. Getting the Right Help.

Debt-to-income ratio

HomeLight

MARCH 2, 2023

If you’re shopping for a home in San Diego, a trusted buyer’s agent is a key member of your team. HomeLight analyzes millions of transactions and thousands of reviews to find you a proven, top-performing agent in just under two minutes. Find a Buyer's Agent What will it cost to buy a home in San Diego?

Closing