Remove Banks Remove Earnest money deposit Remove Sales Remove Title search
article thumbnail

Your Ultimate Guide to Buying a Home in Texas in 14 Steps

HomeLight

As of June 2022, the median sales price of homes in Dallas county was $520,000. As of June 2022, the median sales price in Harris county was $241,500. As of June 2022, the median sales price in Travis county was $665,000. The median sales price for a home in Hood county was $330,000 as of June 2022.

article thumbnail

17 Home Closing Delays and How You Can Avoid Them

HomeLight

There’s a house for sale that you want to buy. For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. Because the entire sale hinges on securing this loan, it is a top criteria for closing, and it’s also the most common reason for a delay in the closing process.

Closing 117
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Things a Lawyer For Real Estate Does For Buyers

Realty Biz

Attorneys assist in reviewing and negotiating sale agreements, clearing title issues, and preparing all necessary legal documents. Lenders Lenders, such as banks or mortgage companies, may also engage real estate attorneys to represent their interests in a transaction. Lawyers do this by performing a title search.

article thumbnail

How Long Does It Take to Close on a House From Start to Finish?

HomeLight

24, you can expect to close on the sale of your home somewhere between the end of February to mid-March. A cash sale can usually be turned over in a week to two weeks , as it allows you to skip the mortgage process and the appraisal, which are typically the two most time-consuming steps in the process. So if you list your home on Jan.

Closing 113
article thumbnail

Buying a Foreclosure at a Home Auction? Here’s How Much You’ll Probably Spend

HomeLight

An appraiser will compare the home to others around it, taking into account recent sales prices for other homes with similar features. Also remember that, although you may be hoping for a discount, the bank is trying to recoup as much of the appraised value as possible. They are going to say, ‘Okay, we’re willing to take.80

article thumbnail

Understanding What Escrow is and How it Works

Redfin

This third party’s responsibility is to oversee the transfer of ownership from seller to buyer according to the terms of the contract of sale. . Escrow benefits the homebuyer by making sure the seller fulfills all the conditions of the sale, such as any repairs they agreed to make. The escrow agent facilitates the sale.

article thumbnail

A Seller’s Guide To When A Buyer Does and Doesn’t Get Their Earnest Money Back

HomeLight

If the financing fails, the buyer can pull out of the contract with a full refund for earnest money as long as it’s before the specified deadline. If they get a better offer, they can give the buyer a period of time (72 hours, for example) to either remove the Home Sale Contingency or cancel the contract.