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?

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Norada Real Estate

APRIL 15, 2023

Definition of Under Contract The term “under contract” refers to the period after a seller accepts a buyer's offer, but before the sale is finalized at closing. Home Inspection Contingency One of the most common contingencies that can affect the length of the under-contract period is the home inspection contingency.

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Real Trends

DECEMBER 27, 2022

How often does a pending home sale fall through? A pending sale may be referred to as “under contract” by some real estate agents. A sale is considered pending until the seller formally accepts an offer from a buyer. A sale is considered pending until the seller formally accepts an offer from a buyer. Inspection issues.

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C4D Crew

MAY 1, 2022

This article will guide you through one of the more important of those documents—the purchase and sale agreement. . Defining Purchase and Sale Agreements (PSAs). What’s In a Purchase and Sale Agreement? Additionally, the PSA will establish how much time the deposit holds for the buyer to complete home inspections and appraisals.

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HomeLight

DECEMBER 31, 2020

You can put so much effort into prepping your house for sale that you forget what happens after you receive an offer. Putting your John Hancock on a home sale contract might feel like the completion of a major financial deal, but it’s actually just the beginning of the home sale process. What does “sale pending” mean?

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HomeLight

AUGUST 16, 2021

Between searching for, viewing, negotiating , inspecting, and possibly renegotiating on a home, the road to the closing table is rarely a short one. And if the house you’ve landed on is listed as a short sale, you could be in for a long ride. What exactly is a short sale? What exactly is a short sale?

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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.

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Realtor.com

NOVEMBER 15, 2022

Seller concessions occur when a seller agrees to cover the cost of things the buyer usually pays for, such as closing costs , title searches, property appraisals, and other fees. Sellers can also offer to pay for repairs should the home inspection reveal that they’re necessary. The post What Are Seller Concessions?

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Redfin

JANUARY 26, 2022

One of these important pieces of paperwork is a purchase and sale agreement. . To help you navigate this document, we’ll go over what a purchase and sale agreement is, what makes up the agreement, and what happens after the agreement is signed. What is a purchase and sale agreement? Who drafts the purchase and sale agreement? .

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Point2Homes

NOVEMBER 16, 2022

Nowadays, you have many tools at your disposal, with a wealth of online listing services showcasing land for sale across the country. Nowadays, you have many tools at your disposal, with a wealth of online listing services showcasing land for sale across the country. Have the Land Inspected. Land for sale in Las Vegas.

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Realty Biz

JUNE 20, 2023

The lender does so by forcing the sale of the asset used as the collateral for the loan, typically a house. Researching Foreclosures Start your search by understanding the real estate market in your area. Auctions often offer the best discounts but also carry the highest risk, as you usually cannot inspect the property beforehand.

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Toronto Realty Blog

AUGUST 2, 2023

The note for the 2017 sale was longer and a bit mushier, as I disclosed that I had proposed to my wife in the condo, and that we brought our first child home to the condo, and that we wished the new buyers all the love and happiness in the world as they created new memories and experiences of their own in the condo.

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Point2Homes

JUNE 4, 2021

In rare cases, you can request a home inspection ; however, these inspections have limitations. The easiest way to assess the property’s condition is to visit and take a look at the exterior , searching for any signs of damage, squatting, etc. It’s also essential to run a title search on the property.

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Realty Biz

JANUARY 10, 2024

We explore everything you should know for a first-time house sale by answering frequently asked questions. Additionally, you'll need to prepare all necessary documents, such as disclosure forms and title deeds, to ensure a smooth transaction. Paying careful attention to these details leads to successful sales. Let's dig in.

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HomeLight

JANUARY 12, 2022

Next steps include the home inspection, appraisal, and final paperwork. 24, you can expect to close on the sale of your home somewhere between the end of February to mid-March. 24, you can expect to close on the sale of your home somewhere between the end of February to mid-March. So if you list your home on Jan.

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RIS Media

SEPTEMBER 21, 2020

If you’re searching for your first new home, you will likely hear many words that you’ve never heard before. Here are 15 homebuying terms you should become familiar with before you start your home search: . Closing costs : Fees associated with the purchase of a home due at the end of the sales transaction.

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HomeLight

APRIL 20, 2023

Some of these costs, such as surveys and recording fees, are one-time expenses related to the sale. Typically, buyers are responsible for mortgage and inspection-related costs, and sellers are responsible for agent and documentation-related costs. Who pays for closing costs in New Jersey?

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HomeLight

JULY 31, 2020

There’s a house for sale that you want to buy. Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). Closing on a house seems pretty straightforward. You send your offer to the seller. You both agree to the terms in a contract and sign it.

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HomeLight

NOVEMBER 10, 2021

The same closing fees that apply to an agent-assisted sale will be charged to a FSBO seller, with the exception of the agent commission. of the sale price (for simplicity, let’s round up to 6%) covered by the seller in the majority of home sales. For reference, on a $250,000 home sale, that amounts to $15,000 in commission fees.

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HomeLight

MARCH 31, 2021

The Georgia Association of Realtors reports that closing costs in Georgia typically range 5% to 10% of the home’s sale price. Taxes and fees: $3,325 for the transfer, tax, title fees, and escrow fees which we’ll detail below. Title search fee. On average, title search fees run between $100 to $200.

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Realty Biz

APRIL 20, 2022

Home Inspection Contingency. One of the most common terms in an offer is the home inspection contingency clause. When the home inspection finds some problems, the seller might agree to cover the cost and have the problem fixed. The language in the offer to purchase will allow you to escape the sale with your money back.

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HomeLight

NOVEMBER 9, 2021

If you need to move even more swiftly than that, selling to an online direct buyer through a platform like HomeLight’s Simple Sale could take as little as 10 days. The Simple Sale process frees you of the hassle of staging your home and jumping through hoops for the buyer’s lender. Direct Buyer (Simple Sale). Traditional Sale.

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Realtor.com

JANUARY 2, 2023

In other words, while a new-construction home might have a sales price that seems more expensive upfront, it’s actually saving a buyer from having to replace, upgrade, or “bring to code” elements of a previously owned home, which could cost tens of thousands of dollars. It will take too long. ” 2.

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Realty Biz

FEBRUARY 1, 2024

Before submitting an offer, excellent agents will provide a market analysis with detailed comparable sales data. Understanding the role of a buyer's agent is essential in facilitating smooth and successful property transactions. It allows you to get the most out of your buying experience. Let's dig in!

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HomeLight

JANUARY 3, 2022

Top iBuyer companies include Opendoor, Offerpad, Redfin Now, and HomeLight (we offer iBuying services through our Simple Sale platform). An agent-assisted sale is likely to benefit from the competition of the open market in which buyers make connections with homes and often bid with their emotions. Selling through a real estate agent.

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Point2Homes

DECEMBER 7, 2020

If a homeowner fails to keep up with their mortgage payments, the lender can begin foreclosure proceedings, and the sale of foreclosed homes can sometimes be a bargain to home buyers. As an example, below are some of the steps involved in the sale of a foreclosed home that you need to be aware of. Getting the Right Help.

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Redfin

MARCH 3, 2022

You’ll want to rethink purchasing that beautiful new couch and hold off on planning those backyard additions before the title has been cleared. From appraisal issues to home inspection roadblocks, there’s a lot that can go awry before finally closing on your property. The home appraisal is lower than the sale price.

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HomeLight

AUGUST 29, 2022

Whether you grew up in Texas, are relocating for work, or always dreamed of living in this affable state, it’s a great place to buy a house. Nicknamed the Lone Star state, Texas is the second most populous state in the country and the second largest state in land mass. Your dollars might stretch much farther here than they do in many other states.

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Realty Biz

AUGUST 2, 2023

In my experience as a real estate agent over the last thirty-plus years, many homeowners will search " sell my house fast " for the best-selling strategy. In my experience as a real estate agent over the last thirty-plus years, many homeowners will search " sell my house fast " for the best-selling strategy.

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McKissock

JULY 26, 2022

Timeliness and types of inspections. because they feel the offer price is too low, too many repairs or inspections are requested, etc.), Purchasing property, especially a home, can be a very emotional experience. As a buyer agent , it is your job to be the voice of reason, the buffer, and sometimes the peacemaker. Making an offer.

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HomeLight

OCTOBER 28, 2021

In a recent study , Florida was found to have more homes for sale than any other state in the nation. For example, he says that although it’s customary for sellers to pay for title insurance in Florida, most sellers don’t realize it and become alarmed. “It Source: (Gio Bartlett / Unsplash). The duration of homeownership in the U.S.

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Real Trends

JULY 11, 2022

They need to understand: What earnest money is and what happens to it if the sale falls through (and if it doesn’t) How long the seller has to respond to an offer Who is responsible for an inspection What happens if an inspection reveals significant problems that require repair. Comparable properties. Education here is key.

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Realty Biz

MARCH 31, 2023

These homes will not be listed for sale by the bank unless someone does not become a winning bidder. This can lead to the home being listed for sale in an auction. Homes with unpaid property taxes can also be subject to a tax deed sale. This means the title is sold at auction, and the home has a new owner.

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Windemere Selling

MARCH 14, 2022

Common Real Estate Contingencies Home Inspection Contingency A home inspection contingency allows the buyer to have the home professionally inspected within a certain window of time. If the seller chooses not to make the repairs outlined in the buyer’s home inspection report, the buyer can cancel the contract.

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Redfin

APRIL 13, 2021

Lenders require PMI ( Primary Mortgage Insurance ) on Conventional loans if the borrower does not put at least 20% of the sales price toward the down payment. Flood Inspection. The flood inspection determines whether the property you are purchasing lies in a flood zone. Pest Inspection. What Are Closing Costs?

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Lighter Side of Real Estate

JULY 26, 2023

So let’s take a look at things that could potentially affect how long it takes for you to buy a house, to help you decide when to start your home search: Finding a house you like. Home inspection issues. The inspection itself could take some time to schedule if local inspectors are slammed with appointments.

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Windemere Buying

AUGUST 31, 2022

Contingencies protect buyers and sellers against these natural characteristics of the home buying process and any problems that may arise before a home sale is finalized. Buyers are responsible for securing financing , having the home inspected, and getting the property appraised. Home Inspection Contingency.

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