Realty Biz

JULY 11, 2022

At that point, you’ll sit down and construct on offer to purchase. When you set out to purchase a home as buyer you will eventually find a property you love. The offer will spell out all of the common terms and conditions such as the offer amount, what you’re financing, any contingencies, and the closing date.

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RIS Media

MAY 19, 2021

Doing so could mean the forfeiture of their earnest money deposit. Lenders aren’t going to provide money for a property that the buyer’s offer has overvalued. When your real estate agent puts your home in the multiple listing service, it will have an “Active” status. Contingent vs. Pending?

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HomeLight

OCTOBER 17, 2022

DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes only, not legal advice. If you need assistance navigating the legalities of what to include on the Georgia seller’s disclosure form, HomeLight always encourages you to reach out to your own advisor. What is a seller’s disclosure? Find Agent.

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RIS Media

OCTOBER 5, 2021

“We were looking at increasing earnest money deposits, and that was rough because a lot of them are first-time buyers, so they are just starting.” We’ve all seen the headlines. Millennial buyers are being squeezed out of the market as prices continue to climb. ®, in a recent statement. ®, in a recent statement.

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Redfin

JUNE 21, 2023

Have you ever been captivated by the ins and outs of real estate investing, declaring, “I could do that,” or even, “I want to do that,” but couldn’t pinpoint where to start? If so, you’re in luck because this Redfin article is tailor-made just for you. Everyone has something to offer.

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Housing Wire

MARCH 29, 2022

Perhaps the loan is associated with a construction project that could take an unknown number of months to complete. Or maybe the lender just needs to verify the source of a borrower’s earnest money deposit. Changing the Game: Digital Verification of Assets.

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Redfin

MAY 26, 2021

It means a deed, deposit, fund, or property that’s held in the custody of a neutral third party, to take effect only when a certain condition has been fulfilled. It also benefits the seller in case the buyer pulls out of the deal without a contractual basis to do so, in which case the seller would get to keep the earnest money deposit. .

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HomeLight

AUGUST 11, 2023

A real estate purchase offer typically includes the following items: A description of the property and its condition What fixtures and appliances are included (or not) The amount of the earnest money deposit The prospective closing date Terms of possession Any contingencies that must be met before the sale is finalized.

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HomeLight

JUNE 13, 2022

About This Episode. Homes are getting fewer offers. Bidding wars are on the decline. Price reductions are rising. Our Summer 2022 Top Agent Insights Survey is out now, and it shows how the real estate market is changing. But the agents who responded also said it’s not crashing. sound effect: crash wave]. We’ll talk about that and more.

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The Residential Specialist

AUGUST 31, 2023

It may have to do with not wanting to uproot kids before the end of a school year, having to be in a location for a new job, waiting on new construction to be completed or just having found the perfect house and not wanting to risk losing it. He says that the ideal position for a client is to have the cash to buy the new home outright.

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HomeLight

AUGUST 9, 2022

Since a down payment is, as the term suggests, the amount of money you’re putting down on the purchase of your home, your mortgage lender will need to see proof of these funds fairly early on in the approval process. But that doesn’t mean the money will leave your account just yet. Let’s jump in! When is the down payment due?

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HomeLight

MARCH 6, 2023

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. The Bay Area is also close to beaches, national parks, and the wineries of Napa Valley.

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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. She adds that Florida also has numerous down payment assistance programs, many of which are tied to state bond money.

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HomeLight

OCTOBER 1, 2020

Lauren’s advice to other foreclosure buyers is that they should “Always know that there’s going to be more money involved than you think for repairs — add 20% to what you think your budget is going to be.”. Why might you be interested in buying a foreclosure? What’s it really like to negotiate with a bank? Moving on after divorce.

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HomeLight

OCTOBER 15, 2020

From its role in the Civil Rights movement to its growing reputation as the Hollywood of the South , new residents have flocked to Atlanta for decades. People come for the wealth of jobs (Atlanta is home to Fortune 500 companies such as Delta Air Lines, Coca-Cola, and Home Depot), the four-season climate, and the affordable cost of living.

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The Close

DECEMBER 29, 2022

Since an ARM’s interest rate fluctuates over time depending on various market factors, there are some experts who believe they save borrowers money in the long run. And now we present the 131 real estate terms you need to know—and be able to define for clients—in 2023: 1031 Exchange. Active contingent. Sure, deals can fall apart.

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