Rochester Real Estate

NOVEMBER 5, 2015

The deposit will then be used as part of the closing costs or down payment when the purchase successfully closes. Home Inspections A home inspection is one of the most vital aspects of purchasing a home. This will assure them that they can safely take their home off the market and sell it to you.

Earnest money deposit

Redfin

JUNE 17, 2025

Whether you’re selling your home in Kansas City, MO and looking to rent a home in Portland, OR or an apartment in Los Angeles, CA or you’re looking for your next home to buy, understanding when the seller gets paid after closing can help provide some peace of mind around knowing when to expect payment.

Closing

Redfin

MARCH 4, 2025

That means there’s no home inspection or appraisal. Buying a home comes with many decisions, and one option worth considering is purchasing a foreclosed property. These homes are often priced lower than comparable listings , making them an appealing choice for buyers looking for value or investment opportunities. What is foreclosure?

Pre-approval

Redfin

JULY 11, 2025

This good-faith payment, typically 1% to 3% of the purchase price, is held in escrow and applied to your down payment or closing costs if the sale goes through. Whether you get it back depends on the terms of your purchase agreement, the contingencies included, and why the deal didn’t close.

Earnest money deposit

The Close

MARCH 11, 2025

What are the average monthly utilities and maintenance costs? Step 1: Select Your Target Area The location of an FSBO property is a significant factor to consider when starting the buying process. Investors should then proceed to narrow down neighborhood choices to a couple of regions where they believe a purchase would be most advantageous.

Sales

Redfin

AUGUST 4, 2025

A professional home inspection will reveal potential issues such as roof damage, plumbing problems, or outdated systems. Never skip the inspection — it’s one of your best tools in determining how to negotiate real estate price with confidence. Do your homework before you make an offer Negotiation begins long before you submit an offer.

Earnest money deposit

Redfin

AUGUST 5, 2025

There are several advantages to buying a house with cash, including winning bidding wars and closing quickly on your dream home. Oftentimes, it’s more appealing to the seller because it promises a faster and simpler closing. If your piggy bank is full and it’s time for a move, you could have an opportunity to buy a house with cash.

Earnest money deposit

Rochester Real Estate

NOVEMBER 5, 2015

Other examples of market condition indicators that a top producing Realtor will provide a home seller before listing their home include market absorption rates , number of closed transactions year-over-year for a given month, average sale prices, and average list price to sale price ratios. How is the real estate market right now?

Purchase and sale agreement

HomeLight

SEPTEMBER 30, 2020

These properties are typically sold as-is, without the option to negotiate repairs, and as the buyer, you’re unlikely to get the seller and their lender to agree to cover your closing costs. If you’re interested in a short sale opportunity, get a better idea of what you’re in for and what closing costs you can get covered.

Short sale

HomeLight

NOVEMBER 1, 2021

Industry experts estimate that sellers can expect to pay anywhere from 6% to 10% of their home’s purchase price in closing costs when it’s time to sell. To top it off, buyers sometimes ask sellers to pitch in for their closing costs, too — another 2% to 3% of the sales price. Typical seller closing costs.

Closing costs

Redfin

FEBRUARY 22, 2021

Even as you dream about color schemes, furniture placement, and what the ideal layout of your new home will be like, you’re probably also keeping a close eye on interest rates and what your future mortgage payment will be. What are closing costs? . Here is a sample closing disclosure to familiarize yourself with the form.

Closing costs

HomeLight

APRIL 29, 2021

You’ll need to subtract your closing costs to determine how much money you’ll walk away with after the sale. So, what are closing costs in Delaware? In Delaware, sellers typically pay 6% to 10% of the home’s sale price in closing costs. Sussex County: 0.34% ; see the tax rate for your district here.

Closing costs

HomeLight

DECEMBER 29, 2023

Real estate attorneys are not considered essential for closing in Missouri. Looking to sell a house “as is” in Missouri? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. Is a real estate attorney required? Real estate transfer taxes?

As-is

HomeLight

AUGUST 24, 2022

Real estate attorneys are considered essential for closing in the state of Connecticut. Looking to sell a house “as is” in Connecticut? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. Sell Your Home As-Is With a Competitive Cash Offer. Disclosures.

As-is

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. 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.

As-is

Windemere Selling

JANUARY 19, 2022

Before a buyer can hold the keys to their new home, and before a seller can celebrate the sale of their property, closing costs must be paid. Learn more about the costs of buying and selling a home here: 10 Costs Associated with Buying a Home 10 Costs Associated with Selling Your Home What are closing costs?

Closing costs

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.

Closing

HomeLight

OCTOBER 30, 2020

But is the cash closing process always seamless? A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. With a mortgage, there are all kinds of things that can go wrong to delay closing — financing issues and appraisals coming in low are two of the most common.

Closing

Realty Biz

OCTOBER 12, 2021

There’s a lot more than just the mortgage repayments to worry about – expenses such as property tax, homeowners insurance (which averages around $1,000 per year but can vary greatly), utility costs, association fees and maintenance costs. According to the NAR, 23% of buyers waived inspections in August.

Inspection contingency

HomeLight

DECEMBER 30, 2023

What buyer contingencies might put a listing back on the market? While under contract, there are typically contingencies in the buyer’s offer that need to be resolved before the sale moves forward. Searching for a home to buy can be a time of excitement and anxiety. Can you make an offer on a home that’s under contract?

Home sale contingency

HomeLight

MARCH 31, 2021

A seller credit is a type of seller concession where the seller offers the buyer money at closing to sweeten the deal. Buyers appreciate seller credits since these essentially discount their closing costs which are typically between 2% and 5% of the home’s purchase price. Scenario 4: Lump closing costs into the buyer’s mortgage.

Closing

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. Help From the Seller.

Purchase and sale agreement

Real Trends

APRIL 11, 2023

Agents, has the fluctuating market made it more difficult to close deals this past year? Closing cost incentives Closing cost incentives can include owner’s and lender’s fees, escrow or settlement fees, transfer taxes and government recording fees. You are certainly not alone. In some areas of the U.S.,

Seller concession

Realty Biz

SEPTEMBER 2, 2021

Since selling your home can be a lengthy process that involves choosing an agent, estimating costs, preparing your home , setting the price, and finally finding the right buyer, the consequences of a mistake along the way can have wide-ranging implications. . These contingencies are put in place to protect the buyer’s interests.

Inspection contingency

HomeLight

JULY 31, 2020

This is important: if your real estate agent puts in an all-cash offer on your behalf, they will not include a financing contingency. The seller makes decisions based on the terms of your offer, including contingencies. (No Graves points out that other contingencies are also optional with an all-cash offer.

Purchase and sale agreement

HomeLight

MARCH 2, 2022

Once the buyer orders a home inspection, your home is in the hot seat. Even if you’ve gone through the house with a fine-tooth comb and listed anything and everything on the seller’s disclosure , the home inspection might reveal issues that you weren’t aware of or are worse than you thought. What is a home inspection?

Inspection

HomeLight

JANUARY 27, 2021

Not only should your agent close a lot of deals, but they should be able to demonstrate through their results how they’ve saved other buyers money and helped them close quickly. For the next couple of months, you’ll have a close working relationship with your agent, so set expectations and boundaries right off the bat.

Closing costs

HomeLight

JUNE 24, 2022

One pitfall of having high expectations for how much money you’ll keep after selling a house is overestimating your home’s value and underestimating the costs involved in the selling process. In this post, we’ll examine all the finer details that go into how much money you’ll pocket when the transaction is said and done.

Seller concession

HomeLight

MARCH 2, 2023

People who live here love the proximity to some of the west coast’s best beaches, as well as being close to destinations like Disneyland, Joshua Tree National Park, and the deserts of Palm Springs. Find a Buyer's Agent What will it cost to buy a home in San Diego? Looking to Buy Your Dream Home in San Diego?

Closing

Realty Biz

JULY 7, 2021

You can include a contingency for almost anything but the more conditions that the seller must meet the less likely the seller is to accept your offer. One contingency that is almost always wise to include is a home inspection to be sure you aren’t buying a major problem that you aren’t aware of. Include an escalation clause.

Inspection contingency

Point2Homes

DECEMBER 23, 2021

Most likely, the buyer will then be expected to make an earnest money deposit fairly quickly, which will go into an escrow account until closing. It can also be used toward the down payment or to cover other costs at closing. It can also be used toward the down payment or to cover other costs at closing.

Earnest money deposit

HomeLight

AUGUST 30, 2021

In this expert-backed guide, we’ll walk you through the process of getting into a rent-to-own home as a buyer — step by step, from learning about how the process works to closing on that new home. How much does it cost to buy? Indeed, rent to own can be a viable option for owning a house… but is it right for you ?

Purchase and sale agreement

HomeLight

JULY 26, 2022

In a best case scenario, negotiations go smoothly, the inspection doesn’t reveal any major issues, the appraisal comes in right where it should, and the whole process is very efficient (we’ll get into what could create some hiccups later on). Is it a yard sale? A political sign? A contractor’s information? No…it’s a for sale sign!!!

Earnest money deposit

Realty Biz

JUNE 7, 2021

Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Question from Allison in NJ: Hi Brian, Jargon, jargon, everywhere. I only understand about half of what I’m reading.

Inspection

HomeLight

JULY 31, 2022

You’ve decided it’s time to buy a house ! 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. Find a lender you can trust. Research your ideal neighborhoods.

Earnest money deposit

HomeLight

SEPTEMBER 22, 2020

You’ve got an incredible opportunity to make the most of this deal, if only you can avoid tripping up before closing. The “best” component refers to all the other terms included in a contract that can be tweaked to sweeten the deal — such as waived contingencies , putting down more cash upfront , or offering a more flexible closing date.

Earnest money deposit

HomeLight

SEPTEMBER 1, 2022

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. And while those are all great perks, there’s a lot more to the Sunshine State than amusement parks and beaches.

Earnest money deposit