Realtor.com

DECEMBER 3, 2020

Natee Meepian/Getty Images For first-time home buyers, finding the perfect place to settle down is hard enough. Having your home offer rejected doesn’t have to mean it’s back to renting. Here are a few common reasons your home offer might have been rejected, and a few helpful tips on what you can do about it.

Earnest money deposit

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).

Earnest money deposit

HomeLight

JANUARY 19, 2024

The decision to waive the mortgage contingency, while potentially making your offer more appealing, carries a sloshing bucket of risks and considerations. You can then make a strong offer on your next home with no home sale contingency. Learn More What is a mortgage contingency?

Earnest money deposit

HomeLight

SEPTEMBER 11, 2020

Knowing how to write a strong offer won’t do you much good if you don’t have the budget to cover it because you’ve been looking at homes way out of your price range. Then, make sure you are only searching for, and writing offers for, homes you can truly afford. Source: (Andrea Piacquadio / Pexels). Get preapproved for a mortgage.

Earnest money deposit

HomeLight

JULY 12, 2024

You can then make a strong offer on your next home with no home sale contingency. This ensures that both the buyer and the seller fulfill their respective obligations before the sale is finalized. What’s happening while a home is in escrow? Get Started What does ‘in escrow’ mean in real estate?

Purchase and sale agreement

Realty Biz

FEBRUARY 20, 2021

Contingencies in Real Estate Explained. Do you know what a real estate contingency is and how it works? Real Estate contingencies are when some defined action or outcome must occur before a contract becomes legal and binding. These contingencies need to be met for a contract to become ratified and binding.

Purchase and sale agreement

HomeLight

OCTOBER 1, 2020

Will you lose your deposit? You now have skin in the game in the form of your earnest money deposit, plus you have a legal duty to buy the home (barring certain circumstances). They’re protective clauses you put in your contract with the seller that allow you an out if certain conditions of the sale aren’t met.

Earnest money deposit

HomeLight

NOVEMBER 29, 2021

But first, you have to sell your old home, potentially secure financing, and secure a home appraisal (and likely an inspection) on your new house. Most purchase agreements have some terms in place that must be met for the deal to go through, such as having a home inspection completed. Do contingencies benefit homebuyers?

Purchase and sale agreement

Realty Biz

APRIL 17, 2023

You must put up an earnest money deposit when you buy a home. The purpose of earnest money is to show you're serious about buying. Many people refer to earnest money as a good-faith deposit. We will look at some of the most common ways a buyer's earnest money is refundable.

Earnest money deposit

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. It is fairly obvious what is meant when homes have a status of “for sale” or “sold,” but some statuses may not be as clear. For example, if a home sale is contingent or pending, can you still make an offer?

Backup offer

Realty Biz

APRIL 20, 2022

When you find a home you want to buy, your offer will contain many important terms and conditions. When you are not buying or selling a home everyday some of the terms may be foreign to you. Let’s look at the most common contingencies in an offer and what they mean to buyers and sellers. Home Inspection Contingency.

Purchase and sale agreement

RIS Media

MAY 19, 2021

When your real estate agent puts your home in the multiple listing service, it will have an “Active” status. ” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” Contingent vs. Pending? Appraisal Contingencies.

Purchase and sale agreement

The Close

SEPTEMBER 10, 2020

So if you want your offer to stand out, after confirming your buyer wants the home, initiate a call to the listing agent and ask these five key questions to start developing a rapport with the listing agent: What is the most important thing for the sellers besides price? What is the ideal timing they want or need to be out of their home?

Home sale contingency

HomeLight

JULY 26, 2022

Is it a yard sale? No…it’s a for sale sign!!! You’ve found yourself a FSBO home. What is a FSBO home? 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. In fact, 57% of FSBO sellers knew the buyer of their home.

Earnest money deposit

Realty Biz

AUGUST 22, 2022

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 Gianna in MI: Hi Brian, After two years of dreaming about buying my first home, I have cold feet now that my offer has been accepted. Answer: Hello Gianna.

Purchase and sale agreement

HomeLight

JULY 31, 2022

But what if you decide that you don’t want to work with a buyer’s agent to buy your home? Chances are, if you’ve decided that buying a home without an agent is the best choice for you — and you’re reading this — you need some guidance for how to go about the process on your own. You’ve decided it’s time to buy a house !

Earnest money deposit

HomeLight

OCTOBER 20, 2020

As any seller would be, you’re thrilled when an offer comes in for your property — but that excitement fades when you find out it’s contingent on the sale of the buyer’s home. You’re hesitant to put all of your proverbial eggs in one buyer’s basket when the sale might never actually happen.

Backup offer

HomeLight

OCTOBER 30, 2020

If you’re looking to buy a home, you’ve probably heard that cash is kind of a big deal in real estate. 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. Why would you run into financing issues if you’re buying a home in cash?”. Because it’s fast. Not always!

Closing

Redfin

JANUARY 26, 2022

When it comes to a real estate transaction like buying a home , a lot of important paperwork needs to be completed before you can call a home yours. One of these important pieces of paperwork is a purchase and sale agreement. . What is a purchase and sale agreement? What does the purchase and sale agreement consist of?

Purchase and sale agreement

Realty Biz

JULY 1, 2023

Navigating the escrow process is a critical aspect of home buying, ensuring a secure and smooth transaction for both buyers and sellers. Escrow acts as a neutral third party that holds funds and documents until all conditions of the home purchase are met. Selling your home can be a bumpy journey.

Purchase and sale agreement

HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. FSBO is a method of selling your home without the involvement of a listing agent. Quick FSBO overview.

Purchase and sale agreement

HomeLight

MARCH 31, 2022

FSBO is a method of selling your home without the involvement of a listing agent. In a FSBO scenario, the seller assumes the responsibilities that would normally fall to their agent such as pricing the home, arranging showings, and negotiating the deal. Disclaimer : HomeLight does not provide legal advice. 2022 , a 28.5%

Purchase and sale agreement

HomeLight

MARCH 31, 2022

Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% Average home sale price in Florida: $530,419 (Jan 2022). FSBO is a method of selling your home without the involvement of a listing agent. Disclaimer : HomeLight does not provide legal advice. Real estate transfer taxes? .

Purchase and sale agreement

Redfin

MARCH 2, 2023

One important concept that all homebuyers should be familiar with though is the appraisal contingency. In this guide, we will explore what an appraisal contingency is and how it can impact your homebuying journey. What is an appraisal contingency? What is a contingent offer? How does an appraisal contingency work?

Purchase and sale agreement

HomeLight

JULY 31, 2020

While seamless closings are ideal for everyone involved, they almost never happen unless the buyer is paying cash on the home, and even then there can be a roadblock or two. These are the top home closing delays that could affect if and when you close on your new home, and how to overcome them. is not a simple or finite one.

Closing

Realtor.com

DECEMBER 2, 2021

Why did Teresa Giudice’s home sale fall through? . So Giudice’s willingness to wait an additional 200-plus days in sale pending status was quite unusual—and probably a bad move on her part. . “A contingency period that lengthy is a poor decision. Common reasons why home sales fail . .”

Earnest money deposit