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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Purchase and sale agreement Due diligence Earnest money deposit Inspection 93

HomeLight

JUNE 23, 2022

If you need assistance navigating the legalities of keeping earnest money from a real estate transaction, HomeLight always encourages you to reach out to your own advisor. What is earnest money? Earnest money is often referred to as a “good faith” deposit.

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Earnest money deposit Purchase and sale agreement Due diligence Home sale contingency 107

HomeLight

JULY 26, 2022

Is it a yard sale? No…it’s a for sale sign!!! A “for sale by owner,” or FSBO (pronounced “fizz-bo”) home, is a home that is being sold by its owner who hasn’t hired a listing agent. A “for sale by owner,” or FSBO (pronounced “fizz-bo”) home, is a home that is being sold by its owner who hasn’t hired a listing agent.

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Earnest money deposit Purchase and sale agreement Title Inspection 97

HomeLight

AUGUST 9, 2022

It’s the first financial move you’ll make in securing your new home purchase. And it’s a lot of money, so you’re probably wondering: When do you actually have to give the down payment to the seller? Down payment due dates can be a bit of a gray area. When is the down payment due? So the down payment is due at closing?

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Earnest money deposit VA loan Purchase and sale agreement FHA loan 94

HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Perhaps you’re relocating for your dream job in two weeks, but you don’t have the time or money to replace the roof on your University Place ranch that has sprung a leak. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses.

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Sales Purchase and sale agreement Earnest money deposit Investor 66

HomeLight

OCTOBER 30, 2020

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. 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. Cash purchases, too, can get held up by a range of potential delays. Not always!

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Closing Inspection contingency Title search Purchase and sale agreement 111

HomeLight

MAY 24, 2022

If you only pay cash for the down payment, and take out a mortgage for the remainder of the purchase price, it keeps more money in your pocket. He speculates that this is likely due to “the competition we’re facing now. Everyone involved will need time to perform their due diligence. A cash sale: Start to finish.

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Purchase and sale agreement Closing Title search Title 104

HomeLight

OCTOBER 29, 2020

Because the stakes are high when it comes to property transactions, contingencies are written into the purchase agreement , and in most cases, action must be taken toward satisfying those contingencies within a certain time frame. Is it an understatement to say that buying a house can be a complicated process? Negotiable contingencies.

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 79

The Close

DECEMBER 29, 2022

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Active contingent. Adjustment date.

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Purchase and sale agreement Title Proof of funds Pre-approval 97