Rochester Real Estate

NOVEMBER 5, 2015

Understanding the cash sale process, weighing the pros and cons, finding a reputable cash home buyer, and preparing your house for a cash sale are all essential steps to ensure a successful transaction. (585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. The answer is it depends.

As-is

Redfin

JUNE 27, 2025

Don’t skip critical steps like the home inspection or negotiating closing costs. These can greatly affect both the quality of your purchase and your bottom-line expense. Whether you’re purchasing your first home in Phoenix, AZ or in Trenton, NJ , here’s what you need to know before starting the homebuying process.

Pre-approval

Marco Santarelli

APRIL 4, 2025

Refinance Rates : Similar to purchasing rates, refinance rates have also dropped, now averaging 6.49% for 30-year mortgages. Market Sentiment : Investor reactions to economic newssuch as tariffs, trade agreements, or changes in the stock marketaffect the demand for mortgage-backed securities, subsequently impacting mortgage rates.

Mortgages

Redfin

MARCH 18, 2025

When buying a home, youll likely come across the term earnest money – a deposit that shows the seller youre serious about the purchase. But what actually happens to that money once the deal closes? This Redfin article will break down exactly what happens to your earnest money at closing, and what to expect in different scenarios.

Closing

Redfin

JULY 10, 2025

After offer acceptance At the start of the due diligence period Purpose Shows buyer commitment and secures the contract Compensates seller for taking property off the market Applied to purchase? Credited toward the purchase price at closing Credited toward the purchase price if sale closes Fee amount 1-3% of the purchase price Often 0.1%

Due diligence

Redfin

JUNE 23, 2025

In real estate, the due diligence period is the time between an accepted offer and closing. During a real estate transaction, the due diligence period occurs after an offer is accepted but before closing. Earnest money is a good-faith deposit held in escrow that can be applied to closing costs or the down payment.

Due diligence

Redfin

JULY 9, 2025

Between setting a budget, getting pre-approved, and closing the deal, getting everything squared away can make all the difference. Whether you’re purchasing your first home or need a refresher, understanding each step in the home buying process timeline can help you avoid surprises and feel more confident along the way.

Pre-approval

Redfin

MARCH 4, 2025

15 documents to have before listing your home Collect paperwork that highlights your homes selling points for an accurate pricing strategy, additional documentation to pass on to the new owners and other real estate forms required for the sale. Particularly youll need the original purchase agreement and deed.

Purchase and sale agreement

Redfin

JULY 25, 2025

An appraisal contingency is a clause added to the real estate purchase agreement that allows the buyer to negotiate or back out of the sale if the property appraisal price comes back lower than the agreed-upon purchase price. The buyer and seller agree upon a purchase price. What is an appraisal contingency?

Purchase and sale agreement

Redfin

JULY 14, 2025

It’s designed to show the seller they’re serious about the purchase and typically ranges from 1% to 3% of the purchase price. The money is held in escrow and is typically applied towards the buyer’s closing costs or down payment. Moving in or storing belongings early without a formal written agreement.

Earnest money deposit

Redfin

JULY 1, 2025

A seller’s credit, also known as a seller concession, is a financial agreement where the home seller agrees to cover some of the buyer’s closing costs. Rather than lowering the price of the home, the seller contributes a credit at closing to help reduce the buyer’s upfront expenses. What is a seller’s credit?

Purchase and sale agreement

Redfin

JUNE 27, 2025

Seller concessions refer to closing costs or other fees that the seller agrees to pay on the buyer’s behalf. These concessions are negotiated during the offer process and help make the purchase more affordable for the buyer, without reducing the home’s sale price. What can seller concessions cover?

Seller concession

Redfin

AUGUST 5, 2025

Conveyance is when the property you’ve worked tirelessly to purchase becomes yours, and you’re transferred the deed and title. Once the property is conveyed during the closing process , it’s yours. The conveyancer is typically the closing agent at a title company or a real estate attorney. What does conveyance mean?

Purchase and sale agreement

Redfin

JULY 31, 2025

Look into first-time homebuyer benefits Many programs are designed to make homeownership more accessible for first-time buyers by reducing upfront costs, lowering monthly payments, and helping with mortgage qualification. State and local programs: Cities and states may offer down payment assistance, forgivable loans, or closing cost help.

Purchase and sale agreement

Redfin

JUNE 18, 2025

Whether you’re purchasing a brownstone in Brooklyn, NY , or selling a ranch-style home in Tucson, AZ , understanding how transfer taxes work can help you avoid unexpected costs and negotiate smarter. It’s important to review your purchase agreement and local regulations to determine who’s on the hook.

Purchase and sale agreement

AAOA

MAY 22, 2025

Whether youre asking how to buy an apartment complex , wondering how much it costs to buy an apartment complex , or simply exploring if this path is right for you, this guide breaks it all down step by step. That business has income, expenses, employees (property managers, maintenance), customers (tenants), and systems.

Due diligence

Redfin

JUNE 30, 2025

When it comes to whether or not a seller has to be present at closing, the short answer is no. When selling a home, the seller can often close remotely or through a representative. That said, laws and practices vary slightly by state, so it depends on how the title company, attorney, or escrow agent handles closings.

Closing

Rochester Real Estate

NOVEMBER 5, 2015

The commission is typically divided equally between the buyer’s and seller’s agents, based on a percentage of the sale price. While technically, the seller pays the commission; it is indirectly included in the property’s sale price, which means the buyer contributes to it.

Purchase and sale agreement

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 How to Buy a House in New York 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?

Purchase and sale agreement

Rochester Real Estate

NOVEMBER 5, 2015

Here are the top frequently asked questions that home sellers ask before listing a home for sale, questions relating to home value & pricing, questions relating to contracts, and questions relating to purchase offers. Frequently Asked Questions Before Listing Their Home For Sale When is the best time to sell my home?

Purchase and sale agreement

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 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. That means if the sale is completed, the money is not refunded – it’s credited toward what you owe. When is earnest money refundable?

Earnest money deposit

Redfin

JUNE 17, 2025

Selling a house can be a long process, and it makes sense that the seller would want to know when the seller gets money after closing – especially if those funds are being used to purchase a new home. What needs to be done before settlement It typically takes between 30-60 days from accepting an offer on your home to closing a sale.

Closing

Redfin

JUNE 24, 2025

And if you’ve been renting a house or living in an apartment and now buying a home for the first time, the process might feel completely unfamiliar… In this Redfin article, we’ll explain each of the key closing documents and their importance to your purchase so you can grab your keys and get home quickly.

Closing

HomeLight

JULY 21, 2025

Compared to the traditional market, these companies pay below-market value in exchange for a quick and convenient sale process. A cash sale can be a practical option when you’re pressed for time, facing financial pressures, or simply want to sell your house and move on quickly. No showings, no repairs, no open houses.

Purchase and sale agreement

Redfin

JUNE 9, 2025

Because lenders base loan amounts on the appraisal—not the purchase price— buyers are typically responsible for covering this difference out-of-pocket. Prices increasing fast: Prices rise quickly in hot markets but appraisals rely on older sales data that may not reflect the latest trends. Table of contents What is an appraisal gap?

Purchase and sale agreement

HomeLight

MARCH 3, 2025

The most common request I get for as-is sales, are situations where a house is in significant disrepair. Those are the two types of situations in which I typically see a request for an as-is sale, Connor adds. Those are the two types of situations in which I typically see a request for an as-is sale, Connor adds.

As-is

Redfin

JUNE 10, 2025

Mortgage lenders typically base their financing on the appraised value or the purchase price , whichever is lower, directly impacting the loan amount. Limited comparable sales (comps): Appraisers rely on recent sales of similar homes in the area. Negotiate the purchase price: This is often the most common resolution.

Purchase and sale agreement

HomeLight

JULY 22, 2025

Compared to listing on the open market, these companies pay below-market value in exchange for a quick and easy sale process. A cash sale can be a valuable option when you’re short on time, dealing with financial pressures, or simply want to sell your house and move on. Need to sell your house quickly in Woodbridge, NJ?

Purchase and sale agreement

HomeLight

JUNE 6, 2025

Compared to a traditional sale, these companies pay below-market value in exchange for a quick and convenient process. A cash sale can be a viable solution when you’re short on time, facing financial pressures, or simply want to offload your property and move on quickly. Receive your offer in 24 hours and close in as few as 10 days.

Purchase and sale agreement

Redfin

JUNE 17, 2025

A gift of equity is the difference between the fair market value and the sale price. Lower closing costs : You won’t need a real estate agent when buying a house from a family member, which means you won’t have to pay real estate commission , which can save you thousands. What if you bought the house instead?

Purchase and sale agreement

Redfin

JANUARY 28, 2025

From evaluating the loan terms to understanding the hidden costs, assuming a mortgage isn’t a decision to take lightly. Instead of applying for a new home loan with todays mortgage rates and terms, the buyer steps into the seller’s position as the borrower and continues making payments under the original loan agreement.

Loans

Housing Wire

MAY 19, 2025

As builders struggle to close sales, resulting in declines in builder confidence and in company revenues, many have started to pile on buyer sales incentives. One-third of respondents increased some, most or all of their sales incentives. The spring homebuying season is in full swing.

Purchase and sale agreement

Redfin

MARCH 26, 2025

This protective clause in your purchase agreement can save you thousands if your mortgage falls through, but in todays competitive market, some buyers are tempted to waive it. Lenders may see buyers with larger down payments as lower risk, making the loan process smoother and more likely to close without issues.

Finance

Redfin

JUNE 30, 2025

Key takeaways: In most home purchases, the buyer’s agent delivers the offer to the seller’s agent, who then presents it to the seller If you don’t have an agent, you must submit the offer yourself—ideally with help from a real estate attorney. A real estate offer is a formal, written proposal to purchase a home. How is the offer sent?

Earnest money deposit

Redfin

AUGUST 5, 2025

Home buyers can legally purchase a home from their parents or any family member. Of course, this depends entirely on the circumstances of the sale, but you’ll likely avoid a bidding war. For the sale to work out, you may need to be ready to move in at the same time your parents are ready to move out. Can I buy my parents’ house?

Purchase and sale agreement

HomeLight

JULY 22, 2025

A cash sale can be a helpful option if you’re short on time, facing financial challenges, or simply ready to move on. If you’re dealing with a tight timeline or just want a straightforward sale, selling to a house-buying company could be a smart move. Receive your offer in 24 hours and close in as few as 10 days.

Purchase and sale agreement