Remove Agents Remove Purchase and sale agreement Remove Staging Remove Title search
article thumbnail

What Does It Mean to Back Out of a Home Purchase?

HomeLight

Buying a house is a major milestone, but what happens when you have second thoughts, or you can’t fulfill the agreement you signed? Backing out of a home purchase isn’t a decision made lightly, yet it’s a scenario that buyers might face. But what’s the real meaning of backing out of a home purchase?

article thumbnail

The Duties and Responsibilities of a Buyer's Agent

Realty Biz

Understanding the role of a buyer's agent is essential in facilitating smooth and successful property transactions. Whether it's a first-time homebuyer or an experienced investor, a buyer's agent plays a crucial role in guiding clients through the complexities of the real estate market. Let's dig in!

Agents 69
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

8 Essential Steps to Navigating Escrow in Home Buying

Realty Biz

Escrow acts as a neutral third party that holds funds and documents until all conditions of the home purchase are met. The National Association of Realtors (NAR) conducted a survey in October 2022, revealing that approximately 7% of deals in the preceding three months got terminated before reaching the closing stage.

article thumbnail

First Time Selling a House Checklist

Realty Biz

From preparing your home for sale to negotiating offers, these tips will ensure a successful sale. Sometimes it stops their sale dead in its tracks until the errors are corrected. Understand the current market conditions, including recent sales, average time on the market, and pricing trends. It matters.

article thumbnail

8 Powerful Questions From First-Time Home Sellers That Lead to Success!

Realty Biz

Unfortunately, if the wrong real estate agent is chosen, it can lead to getting poor advice. From three decades of experience as a Realtor, many home sellers make aweful choices when it comes to their real estate agent. Asking an agent good interview questions can help immensely. Nobody wants that, but it's a reality.

article thumbnail

Heads Up Seller: You’re on the Hook for Paying Both Real Estate Agents’ Commission

HomeLight

According to HomeLight’s transaction data analysis, the national average real estate agent commission rate is 5.8% of the final home sale price. So, who pays for real estate agent commission? In the National Association of Realtors’ (NAR) 2020 survey, 77% of sellers reported that they paid for the agents’ commission.

Agents 83
article thumbnail

How to Conduct a Smooth Real Estate Transaction

McKissock

Purchasing property, especially a home, can be a very emotional experience. As a buyer agent , it is your job to be the voice of reason, the buffer, and sometimes the peacemaker. To ensure that this initial stage of the real estate transaction goes well, it’s important to submit the offer in a timely manner. Making an offer.