Redfin

JUNE 5, 2025

The absence of mortgage payments, the speed of closing, and the strong appeal to sellers are undeniable benefits. It doesn’t matter if you’re getting a mortgage for your place in Austin, TX , or making an all-cash offer on a townhouse in Charlotte, NC — knowing all the transaction costs upfront is super important.

Closing costs

Redfin

JUNE 27, 2025

Key Takeaways: Shopping mortgage rates, reviewing your credit report, and looking into first-time home buyer programs can improve your financial situation and increase your choices. Even a small difference in your mortgage rate can really add up over the life of the loan, so it’s worth your time to shop around.

Pre-approval

Redfin

JANUARY 28, 2025

When it comes to buying a home, most buyers are familiar with securing a brand-new mortgage. Assumable mortgages offer a unique alternative, allowing buyers to take over the sellers existing loan – potentially locking in a lower interest rate and saving money over time. What is an assumable mortgage?

Loans

Redfin

FEBRUARY 20, 2025

On average, sellers can expect to pay between 6% to 10% of the sale price in closing costs , including agent commissions, transfer taxes, and title fees. They cover everything from real estate agent commissions to title insurance, escrow fees, and transfer taxes. These expenses add up quickly and vary widely by location.

Closing costs

Redfin

AUGUST 6, 2025

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. Collect paperwork for a mortgage If you’re planning on financing your home purchase with a mortgage, you’ll likely need to save for a down payment.

Pre-approval

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. What is a cash offer? Who makes cash offers on a house?

Purchase and sale agreement

Rochester Real Estate

NOVEMBER 5, 2015

(585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. The first step to buying a house in New York is to assess your financial readiness and get pre-approved for a mortgage. Then, you should engage the services of a real estate agent who is familiar with the local market and can help you find suitable properties.

Purchase and sale agreement

Rochester Real Estate

NOVEMBER 5, 2015

(585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. 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? Hourly rates can range from around $150 to $500 per hour, depending on these factors.

Purchase and sale agreement

Redfin

AUGUST 5, 2025

The conveyancer is typically the closing agent at a title company or a real estate attorney. The instrument of conveyance – in many cases, a title or deed – must lay out the conditions under which the property is given, or conveyed, to the new buyer. A title company usually helps manage a conveyance.

Purchase and sale agreement

Redfin

JULY 9, 2025

Get pre-approved for a mortgage Estimated time: 1-2 weeks A mortgage pre-approva l is a lender’s assessment of how much they’re willing to lend you based on your income, assets, debts, and credit history. It’s best to shop around to find the best rate and determine the best type of mortgage loan for you.

Pre-approval

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. Closing agent: A title company representative, escrow officer, or closing attorney (depending on the state) oversees the process, ensures documents are signed correctly, and handles funds.

Closing

Redfin

JULY 30, 2025

Common reasons for liens include: Unpaid property taxes Outstanding mortgage payments Unpaid contractor or construction bills (mechanic’s lien) Court judgments or legal disputes Unpaid child support or alimony A lien doesn’t mean you can’t sell your house. A lien is a legal right or claim against a property by a creditor.

Title search

Rochester Real Estate

NOVEMBER 5, 2015

(585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. The commission is typically divided equally between the buyer’s and seller’s agents, based on a percentage of the sale price. The commission compensates the agents’ hard work, expertise, and time invested in the transaction.

Purchase and sale agreement

Redfin

AUGUST 5, 2025

A real estate agent or real estate attorney can help oversee the real estate transaction. You may have the option of applying for a new mortgage or assuming your parents’ mortgage. You may have the option of applying for a new mortgage or assuming your parents’ mortgage.

Purchase and sale agreement

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

Redfin

AUGUST 5, 2025

Financing contingency: If a buyer is ultimately unable to obtain the mortgage they need to afford the house, a financing contingency covers them. Waiving the financing contingency Although it certainly helps, being preapproved for a mortgage doesn’t guarantee that buyers will be able to obtain the funds they need to purchase a house.

Earnest money deposit

HomeLight

NOVEMBER 15, 2024

This is an emotional process, and there’s a lot going on,” says Renee Hillman , a top-rated Raleigh area real estate agent who has been helping families with inherited homes for more than 25 years. You’ll want to determine the outstanding mortgage balance, monthly payment amounts and due dates, the interest rate, and other lender terms.

Pre-approval

Rochester Real Estate

NOVEMBER 5, 2015

(585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. This knowledge can be valuable for homeowners, real estate agents, and prospective buyers. They often provide searchable databases to streamline your search process. Through research, you may even uncover stigmatizations with the property.

Due diligence

Rochester Real Estate

NOVEMBER 5, 2015

(585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. When it comes to the length of a listing agreement, every real estate agent will have a different preferred length. For example, a buyer who qualifies for an FHA mortgage can receive up to 6% of the purchase price towards their closing costs.

Purchase and sale agreement

Redfin

JULY 29, 2025

Purpose: It reduces the amount of money you need to borrow from a lender (your mortgage). A larger down payment can lead to a smaller loan, potentially lower interest rates, and can help you avoid private mortgage insurance (PMI) if you put down at least 20%. What happens on closing day?

Closing costs

HomeLight

FEBRUARY 20, 2025

Youve just found your dream home and are finalizing your offer when your real estate agent calls with concerning news. 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

Housing Wire

MARCH 10, 2025

It also issued more than 23,000 closing protection letters for lenders and filed 373 mortgage releases. Cost savings for homebuyers Compared to other states, Iowa homeowners pay significantly less for title coverage. But even with these added costs, the system remains significantly cheaper than private title insurance in other states.

Title

Rochester Real Estate

NOVEMBER 5, 2015

(585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. Conducting a thorough title search and researching the home’s history is essential. Obtaining title insurance to protect your interests is advisable.

Title

Housing Wire

FEBRUARY 25, 2025

Unlike traditional mortgage loans, which have repayment periods of 15 to 30 years, hard money loans typically range from one to three years. Buy-Rehab-Rent-Refinance (BRRR) method: Investors use hard money loans to acquire and renovate rental properties before refinancing with a long-term mortgage.

Hard money loan

Housing Wire

DECEMBER 16, 2022

Title insurance is different than most other insurance products. For title insurance, a homebuyer only needs to pay a one-time fee at closing, which is typically issued in the amount of the real estate purchase price. Title insurers’ upfront, curative work involved in a title search is critical to help reduce risk of claims.

Title

RIS Media

JANUARY 16, 2022

The easiest way to escape these issues is to make a property title search. Why Do You Need a Title Search. The property title search process needs to show any potential buyer that the respective real estate has a clear title. Timeframe For Title Search. What Do Title Searches Involve?

Title search

Housing Wire

JUNE 21, 2022

During this same time, our industry helped consumers take advantage of low interest rates to refinance mortgages. In a refinancing, homeowners obtain a new loan and lenders require a new title search and a title insurance policy on that loan to protect their investment. Why is a title search necessary for refinancing?

Title

Housing Wire

MARCH 31, 2021

Every real estate transaction—whether it is backed by a mortgage or is an all-cash deal—requires a determination of ownership and a clear transfer of title. That said, many companies still rely on legacy systems and manual processes to procure, search, and examine title. Jim Portner, Vice President Product and Strategy.

Title search

Housing Wire

MARCH 10, 2021

Digital closing platform Qualia announced Wednesday the release of “Qualia Scale,” a software program that allows proptech companies to attach title & escrow to their core offerings. How hybrid title and valuations help increase lending efficiency. It’s the second proptech offering created by Qualia.

Title

Housing Wire

OCTOBER 27, 2023

The Real Estate Settlement Procedures Act (RESPA) ensures that homebuyers always have the legal right to consider alternative title insurance providers and can never be forced into using a particular provider. Often the buyer asks the real estate agent or lender for a recommendation, but we always encourage buyers to explore their options.

Title

Housing Wire

APRIL 6, 2023

After a few years of nothing less than an automation revolution in the title industry, market uncertainty and declining volume are now testing just how effective our efforts have been. Some of the highest volume tasks, as well, have increasingly become automated — things like lien searches or policy production, maybe order entry.

Title search

Housing Wire

OCTOBER 12, 2022

The integration also aims to tackle the payment procedure during a real estate closing, in which several parties receive payments through sources like broker/agent commissions, underwriter fees, title search fees, taxes, payoffs and seller proceeds.

Title search

Housing Wire

APRIL 1, 2021

Qualia has created a flexible infrastructure for the real estate and mortgage industry. Real estate transactions require coordination between lenders, title insurers, home buyers, title & escrow companies – the list goes on. Joel Gottsegen, Co-founder. Lucas Hansen, CTO. Nate Baker, CEO.

Title

Housing Wire

MARCH 29, 2021

Qualia announced Monday a new integration with title automation company DataTrace , giving Qualia Marketplace users direct access to DataTrace products and services without leaving the platform. DataTrace provides title search and automation solutions to the title and settlement service industries.

Title search

Housing Wire

DECEMBER 5, 2022

As the mortgage rate environment became increasingly volatile in August and early September, one in three title insurers reported order volume that was below or far below average. That’s according to PropLogix ’s fifth annual “State of the Title Industry” report.

Title

Housing Wire

MARCH 9, 2021

Prognosticators are already suggesting the mortgage market has recently “peaked.” This was a major topic of discussion among mortgage lenders in 2018, our last whiff of a true purchase market. How hybrid title and valuations help increase lending efficiency. 2021 could still be a very good year for prepared businesses.

Title

Housing Wire

MARCH 15, 2021

The title insurance and settlement services provider was originally bought b y Solutionstar Holdings , an indirect wholly-owned subsidiary of Nationstar Mortgage Holdings (Mr. How hybrid title and valuations help increase lending efficiency. Cooper’s original name prior to rebranding) in 2015. Presented by: Altisource.

Title