Real Trends

DECEMBER 27, 2022

How often does a pending home sale fall through? A pending sale may be referred to as “under contract” by some real estate agents. A sale is considered pending until the seller formally accepts an offer from a buyer. It should be reassuring for all real estate agents that not many home sales fall through.

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Sales Home sale contingency Pre-approval Inspection 60

HomeLight

DECEMBER 31, 2020

You can put so much effort into prepping your house for sale that you forget what happens after you receive an offer. Putting your John Hancock on a home sale contract might feel like the completion of a major financial deal, but it’s actually just the beginning of the home sale process. What does “sale pending” mean?

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Closing Backup offer Sales Inspection 104

C4D Crew

MAY 1, 2022

This article will guide you through one of the more important of those documents—the purchase and sale agreement. . Defining Purchase and Sale Agreements (PSAs). Instead, it simply outlines the terms, conditions, and contingencies both parties (the buyer and seller) must meet to avoid the risk of legal action. The Closing Date.

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Purchase and sale agreement Sales Title Inspection 52

Realty Biz

APRIL 20, 2022

Let’s look at the most common contingencies in an offer and what they mean to buyers and sellers. Common Contingencies Found in an Offer to Purchase. Home Inspection Contingency. One of the most common terms in an offer is the home inspection contingency clause. Home Sale Contingency.

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Purchase and sale agreement Home sale contingency Earnest money deposit Inspection contingency 112

Redfin

JANUARY 26, 2022

One of these important pieces of paperwork is a purchase and sale agreement. . To help you navigate this document, we’ll go over what a purchase and sale agreement is, what makes up the agreement, and what happens after the agreement is signed. What is a purchase and sale agreement? Who drafts the purchase and sale agreement? .

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Purchase and sale agreement Earnest money deposit Sales Title 59

Realty Biz

AUGUST 2, 2023

Additionally, understanding the closing process and utilizing additional resources and tools can streamline the sale. Setting the Right Price for a Quick Sale When selling your home quickly, one of the most critical factors is setting the right price. Overcoming common challenges is also vital.

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Purchase and sale agreement Title Staging Inspection 96

Realty Biz

JULY 1, 2023

Paying close attention to the escrow instructions and agreement can ensure that all aspects of the transaction, including timelines, responsibilities, and contingencies, are clearly defined. Step 6: Ensuring Clear Title When buying a home, ensuring a clear title is paramount.

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Purchase and sale agreement Earnest money deposit Title search Pre-approval 83

Windemere Buying

AUGUST 31, 2022

Contingencies protect buyers and sellers against these natural characteristics of the home buying process and any problems that may arise before a home sale is finalized. Making a Contingent Offer on a Home. Buyers are responsible for securing financing , having the home inspected, and getting the property appraised.

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Home sale contingency Inspection contingency Title Pre-approval 52

HomeLight

NOVEMBER 9, 2021

If you need to move even more swiftly than that, selling to an online direct buyer through a platform like HomeLight’s Simple Sale could take as little as 10 days. The Simple Sale process frees you of the hassle of staging your home and jumping through hoops for the buyer’s lender. Direct Buyer (Simple Sale). Traditional Sale.

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Purchase and sale agreement Home sale contingency Title search Inspection 83

HomeLight

JULY 31, 2020

There’s a house for sale that you want to buy. Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). The appraisal is lower than the purchase price. However, sometimes buyers submit an offer that’s higher than the appraisal value.

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Closing Purchase and sale agreement Title search Earnest money deposit 109

Windemere Selling

MARCH 14, 2022

Contingencies help to spell out the specifics of a real estate transaction by dictating what must happen so the contract becomes legally binding. If certain conditions aren’t met, the applicable contingency gives the buyer and the seller the right to back out of the contract per their agreed-upon terms.

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Purchase and sale agreement Home sale contingency Inspection contingency Pre-approval 52

HomeLight

JANUARY 12, 2022

Next steps include the home inspection, appraisal, and final paperwork. 24, you can expect to close on the sale of your home somewhere between the end of February to mid-March. HomeLight’s Simple Sale platform provides cash offers for homes in almost any condition across the country. How long does closing take from here?

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Closing Purchase and sale agreement Pre-approval Inspection 110

Redfin

MARCH 3, 2022

You’ll want to rethink purchasing that beautiful new couch and hold off on planning those backyard additions before the title has been cleared. From appraisal issues to home inspection roadblocks, there’s a lot that can go awry before finally closing on your property. The home appraisal is lower than the sale price.

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Closing Title search Purchase and sale agreement Title 62

RIS Media

SEPTEMBER 21, 2020

Here are 15 homebuying terms you should become familiar with before you start your home search: . Appraisal : An educated and well-documented valuation of a home, prepared by a licensed and certified appraiser. Value is based on data about comparable homes in the area, as well as the appraiser’s walk-through.

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Pre-approval Pre-qualification Title search Inspection 90

HomeLight

JANUARY 3, 2022

Top iBuyer companies include Opendoor, Offerpad, Redfin Now, and HomeLight (we offer iBuying services through our Simple Sale platform). An agent-assisted sale is likely to benefit from the competition of the open market in which buyers make connections with homes and often bid with their emotions. All of this takes time.

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Real Trends

JULY 11, 2022

They need to understand: What earnest money is and what happens to it if the sale falls through (and if it doesn’t) How long the seller has to respond to an offer Who is responsible for an inspection What happens if an inspection reveals significant problems that require repair. Contingencies. Mortgage preapproval.

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Seller concession Closing costs Inspection Title search 79

HomeLight

SEPTEMBER 9, 2020

When you make your cash offer, consider including contract contingencies to protect yourself in the deal. A contingency means that you’re willing to purchase the home contingent on certain details checking out. The settlement agent will hold onto the earnest money until the sale is finalized. Consider an appraisal.

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Inspection contingency Proof of funds Inspection Title 100

Realty Biz

FEBRUARY 1, 2024

Before submitting an offer, excellent agents will provide a market analysis with detailed comparable sales data. This research includes past sales, liens, or legal disputes that may impact the transaction. They may collaborate with title companies and other relevant parties to perform a title search.

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Agents Due diligence Purchase and sale agreement Inspection 71

HomeLight

MAY 26, 2021

If you’re taking out a mortgage, your lender will arrange something called a home appraisal. But who pays for the appraisal? This guide will help you understand who pays for the home appraisal and why it’s important. What is a home appraisal? One piece of information your lender will look at closely is the home appraisal.

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Inspection Residential Due diligence Title search 92

HomeLight

APRIL 15, 2022

We also include information about HomeLight’s Simple Sale platform, an online home-selling program that provides competitive all-cash offers for homes across the country. Consider starting with HomeLight’s Simple Sale platform, available nationwide. Request a Cash Offer from Simple Sale. What is an iBuyer? Request Cash Offer.

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Title House Flipping Title search Sales 82

HomeLight

AUGUST 29, 2022

As of June 2022, the median sales price of homes in Dallas county was $520,000. As of June 2022, the median sales price in Harris county was $241,500. As of June 2022, the median sales price in Travis county was $665,000. The median sales price for a home in Hood county was $330,000 as of June 2022. Order a title search.

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Earnest money deposit Title Inspection Title search 92

McKissock

JULY 26, 2022

It is a careful balance between price, terms, contingencies, and timeframe. This can be confusing, but it is essential to know which party is obligated to the purchase and sales agreement and when. Title search. Making an offer. Constructing a real estate offer is an art. Counter the counter offer. Inspections.

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Purchase and sale agreement Title search Inspection Construction 81

Redfin

MARCH 30, 2021

You can shop around and get competitive bids for both escrow services and title insurance, though the practicality and expected benefit of this may vary depending on the size of your loan and the availability of title insurers in your market. Ideally, your purchase agreement included an inspection contingency.

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Closing Purchase and sale agreement Title Inspection 75

HomeLight

APRIL 11, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract. With a signed sales agreement, the closing process will begin.

Purchase and sale agreement 83

Purchase and sale agreement Closing costs Closing Sales 83

HomeLight

APRIL 11, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract. With a signed sales agreement, the closing process will begin.

Purchase and sale agreement 81

Purchase and sale agreement Closing costs Closing Agents 81

HomeLight

JANUARY 24, 2023

Perhaps you need a fast home sale to start a new job in San Antonio, Charlotte, or Phoenix. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract.

Purchase and sale agreement 83

Purchase and sale agreement Closing costs Closing Agents 83

HomeLight

APRIL 11, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract. With a signed sales agreement, the closing process will begin.

Purchase and sale agreement 73

Purchase and sale agreement Closing costs Closing Agents 73

HomeLight

FEBRUARY 16, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract. With a signed sales agreement, the closing process will begin.

Purchase and sale agreement 78

Purchase and sale agreement Closing costs Closing Agents 78

HomeLight

DECEMBER 8, 2022

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. We Buy Houses companies in Modesto typically promise to give home sellers quick, convenient all-cash offers, and exceptionally speedy closings, often wrapping up the property sale in as few as seven days. Phone: 844-488-8455.

Purchase and sale agreement 82

Purchase and sale agreement Closing costs Closing Agents 82

HomeLight

APRIL 14, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract. With a signed sales agreement, the closing process will begin.

Purchase and sale agreement 84

Purchase and sale agreement Closing costs Closing Sales 84

HomeLight

DECEMBER 1, 2022

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. We Buy Houses companies in Odessa typically promise to give home sellers quick, convenient all-cash offers and exceptionally speedy closings, often wrapping up the property sale in as few as seven days. Phone: 844-488-8455.

Purchase and sale agreement 81

Purchase and sale agreement Closing costs Closing Agents 81

HomeLight

JANUARY 25, 2023

Perhaps you need a fast home sale to start a new job. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract. Close the sale and get paid quickly.

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Purchase and sale agreement Closing costs Closing Agents 76

HomeLight

FEBRUARY 28, 2022

Whatever the case, a We Buy Houses for Cash company could be the best solution if you’re looking for a quick and easy sale. HomeLight’s Simple Sale platform provides full cash offers for homes in almost any condition nationwide and in Colorado. Simple Sale. Reviews: Simple Sale is a HomeLight platform, and HomeLight has 4.6

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Closing costs Closing Sales Staging 76

HomeLight

FEBRUARY 17, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract. With a signed sales agreement, the closing process will begin.

Purchase and sale agreement 73

Purchase and sale agreement Closing costs Closing Sales 73

HomeLight

JANUARY 11, 2023

Or perhaps you want a fast home sale to start a new job, or you need to cash out an inherited property to settle an estate. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price. Close the sale and get paid quickly.

Purchase and sale agreement 76

Purchase and sale agreement Closing costs Closing Sales 76

HomeLight

JANUARY 19, 2023

Perhaps you need a speedy home sale to relocate across the country for an exciting new job promotion. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract.

Purchase and sale agreement 74

Purchase and sale agreement Closing costs Closing Agents 74

HomeLight

JANUARY 24, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. They usually present a take-it-or-leave-it sale price. If you accept the offer, you’ll both sign a sales contract. With a signed sales agreement, the closing process will begin.

Purchase and sale agreement 73

Purchase and sale agreement Closing costs Closing Investor 73