As-is Due diligence Earnest money deposit Title search 
Realty Biz
SEPTEMBER 14, 2023
Some of their key responsibilities include: Reviewing and preparing legal documents Ensuring the clarity of title and title insurance Facilitating the transfer of funds Resolving legal disputes Importance of Hiring a Real Estate Attorney Hiring a real estate attorney is crucial to protecting a buyer's interests.
Realty Biz
NOVEMBER 11, 2020
When you begin an online search for a home, you may find some sale statuses you don’t fully understand. They will also get their earnest money deposit back , and the home will go back on the market. For example, if a home sale is contingent or pending, can you still make an offer? What does Contingent Mean?
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HomeLight
OCTOBER 5, 2020
You definitely don’t want to overpay, especially considering you might need to pour a lot of money into repairs and other problems once the home is yours. If you’re buying a house with cash , it makes sense to try to get as good a deal as you can — and that’s where auctions come in. And if so, how much of a discount can you expect?
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. 5k for a $500K home).
HomeLight
JULY 26, 2022
Knowing that they will save money by not paying the listing agent’s commission, a seller might list their home at a lower price than they would if they had hired an agent. You’re driving around a neighborhood you love, and then up there in the distance, you see a sign in a yard. Is it a yard sale? A political sign? A contractor’s information?
HomeLight
OCTOBER 30, 2020
Suddenly, you have less money than you realized. Another issue that can come up is when a buyer wires money to the wrong account (imagine the horror!). And unfortunately, in some cases, the money may not be recoverable, putting the deal in jeopardy entirely. .” But is the cash closing process always seamless? Not always!
HomeLight
APRIL 30, 2021
Then it’s a matter of completing your due diligence: clearing the home’s title , getting a home inspection , confirming the home’s price (through an independent appraisal, if you choose), and closing the transaction. Because of the due diligence involved with issuing mortgages, it takes a lot longer to close on a home with one.
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