HomeLight

NOVEMBER 1, 2021

If you’re selling your Kentucky home, you may be wondering how much you’ll make on the sale, what required costs will eat into your profit, and where you can cut costs. This means understanding which fees you’ll be responsible for when the sale closes. What are closing costs? Closing cost.

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Closing costs Closing Purchase and sale agreement VA loan 68

HomeLight

FEBRUARY 26, 2024

Today, in some parts of the country, home prices have made it almost a necessary reality for those who need to live in high-cost housing markets. We’ll look at the financial mechanics behind affording a luxury home and explore alternatives that can make your dream purchase a reality. How Much Is Your Home Worth Now?

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Purchase and sale agreement Debt-to-income ratio Equity Loans 99

HomeLight

DECEMBER 30, 2023

You may be building an online watchlist of homes you’re interested in seeing, but then you notice a label tagging your favorite property listing as “under contract” or “sale pending.” What buyer contingencies might put a listing back on the market? If the buyer fails to secure financing, they can withdraw without losing their deposit.

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Home sale contingency Purchase and sale agreement Inspection contingency Inspection 101

Toronto Realty Blog

JANUARY 27, 2023

When the market is hot, fewer properties are sold conditionally, but some still are. And in a changing market, like the one we’re in right now, we’re accustomed to seeing many listings appearing as “sold conditionally” on MLS. Let’s say my house is on the market for $1,500,000.

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Purchase and sale agreement Sales MLS Closing 77

Realty Biz

DECEMBER 15, 2022

These days, having a neutral third party to make sure everyone is satisfied with the sale and purchase can give both buyer and seller more peace of mind. . Many home buyers and sellers know that escrow is a financial arrangement with a third party who holds money or other property until the terms of the sale are complete.

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Purchase and sale agreement Inspection Title Closing costs 126

Realty Biz

FEBRUARY 1, 2024

A credit in home sales can be given for several reasons. Essentially, seller credits are a form of financial incentive the seller provides to the buyer to help cover certain costs associated with purchasing a property. Typical uses include closing costs, prepaid items, and even repairs or upgrades to the property.

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Purchase and sale agreement Closing costs VA loan FHA loan 80

HomeLight

DECEMBER 28, 2023

Whether it’s to buy a house with a lower interest rate or to purchase a property from a family member, more home shoppers today are asking: Can I take over mortgage payments?” An assumable mortgage is a type of home loan that allows a new buyer to take over the seller’s existing loan terms as part of the property purchase.

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Loans Purchase and sale agreement VA loan Mortgages 98

Realty Biz

APRIL 20, 2022

What to Know About Terms and Conditions Found in an Offer to Purchase. It will state your offer price and many other clauses that could be crucial to the success of the purchase. Common Contingencies Found in an Offer to Purchase. The language in the offer to purchase will allow you to escape the sale with your money back.

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Purchase and sale agreement Home sale contingency Earnest money deposit Inspection contingency 106

HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer within a week and close in as little as 10 days. You may see some that market – or send out mailers – to certain niches.

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Sales Purchase and sale agreement Due diligence Inspection 90

HomeLight

JULY 30, 2021

We’ve researched the ins and outs of rent-to-own homes , as well as talking to experienced real estate agents about how a renter and landlord can enter into such an agreement, the pros and cons of doing so, and just what it means for you as a buyer if you decide to rent-to-own. Lease-option agreements.

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Purchase and sale agreement Debt-to-income ratio Pre-qualification Inspection 98

Realty Biz

JULY 11, 2022

When you set out to purchase a home as buyer you will eventually find a property you love. At that point, you’ll sit down and construct on offer to purchase. The offer will spell out all of the common terms and conditions such as the offer amount, what you’re financing, any contingencies, and the closing date.

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Earnest money deposit Purchase and sale agreement Marketing Equity 76

Realty Biz

MARCH 27, 2022

If you are trying to buy a home in a seller’s market, offering the asking price may not be enough. Housing markets across the country have been disrupted due to a number of factors including the Covid-19 Pandemic. In a seller’s market, you are more likely to need to bid above the asking price to be successful.

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Purchase and sale agreement Earnest money deposit Seller concession Finance 117

HomeLight

AUGUST 31, 2021

But what if a portion of your rent were going toward purchasing your rental home at a later date? Rent-to-own basics: Crediting rent toward a future purchase. A rent-to-own deal means you can start paying toward a home purchase even if you can’t technically qualify for a mortgage yet. Source: ( Shopify Partners / Burst ).

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Purchase and sale agreement Due diligence Closing costs Mortgages 122

Realty Biz

JUNE 22, 2021

For example, there are substantial closing costs a buyer will pay when purchasing a home and getting a mortgage. You could look at the payment of the closing costs as a seller assist to the buyer’s benefit. The sale is being structured to accommodate the buyer’s financial situation.

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Seller concession Closing costs Purchase and sale agreement Closing 127

Redfin

MARCH 2, 2023

Regardless of your experience, navigating the housing market can be daunting, especially when it comes to understanding the complex jargon and legalities involved in purchasing a property. When a buyer applies for a mortgage to purchase a home, the lender requires an appraisal of the property to determine its fair market value.

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Purchase and sale agreement Earnest money deposit Finance Inspection 55

HomeLight

DECEMBER 30, 2022

Individual program details frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. Perhaps you need a fast home sale to start a new job. Receive your offer within a week and close in as little as 10 days. You receive a firm offer.

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Purchase and sale agreement Closing costs Closing Agents 83

McKissock

JULY 26, 2022

Purchasing property, especially a home, can be a very emotional experience. In order to reach an acceptable agreement with the most favorable terms, make sure your buyers are aware of the market and the most important factors when constructing an offer. Number of days on market. Closing dates. Property insurance.

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Purchase and sale agreement Title search Inspection Construction 81

Realty Biz

SEPTEMBER 14, 2023

They have a comprehensive understanding of real estate laws and regulations, which allows them to identify any potential issues or risks associated with a property purchase. Let's explore the different parties: Buyers Real estate attorneys work closely with buyers to navigate the complex legal aspects of purchasing a property.

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Purchase and sale agreement Title search Title Due diligence 100

Windemere Selling

NOVEMBER 30, 2022

The following information is meant to clarify some common real estate terms that describe a home for sale and its position in the closing process. For sellers, reaching the pending stage means the finish line is within reach, but your home is still not officially off the market. What is closing in real estate?

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Purchase and sale agreement Backup offer Home sale contingency Inspection 52

HomeLight

JULY 31, 2020

Closing on a house seems pretty straightforward. There’s a house for sale that you want to buy. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. So the answer to “how long does it take to close on a house?” The appraisal is lower than the purchase price.

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Closing Purchase and sale agreement Title search Earnest money deposit 110

HomeLight

JULY 31, 2020

Real estate purchases made entirely with cash are rumored to create big benefits for homebuyers. With the help of Brad Graves , a top real estate agent in San Antonio, Texas , and some recent national home purchase data, we’ll examine the pros and cons of all-cash offers. Image Source: (Shutterstock.com/Andy Dean Photography).

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Purchase and sale agreement Inspection contingency Proof of funds Finance 97

HomeLight

JANUARY 3, 2023

Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception. Inventory is starting to rise along with the average number of days on market as of September 2022. Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Real estate transfer taxes: 0.01%.

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Purchase and sale agreement Inspection MLS Inspection contingency 98

HomeLight

APRIL 14, 2023

Individual program details frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Close the sale and get paid quickly.

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Purchase and sale agreement Closing costs Closing Sales 85

HomeLight

APRIL 11, 2023

Individual program details frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Close the sale and get paid quickly.

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Purchase and sale agreement Closing costs Closing Sales 84

HomeLight

APRIL 28, 2023

When the time comes to move, some tenacious homeowners in Texas are eager to take over the reins of their home sale and figure out how to sell a house by owner. Often, the decision to go for sale by owner (or “FSBO”) is motivated by a desire to save on agent commissions. That 6% is deducted from the seller’s proceeds at closing.

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Purchase and sale agreement Inspection Title Inspection contingency 76

HomeLight

JANUARY 19, 2023

Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. Perhaps you need a speedy home sale to relocate across the country for an exciting new job promotion. Close the sale and get paid quickly.

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Purchase and sale agreement Closing costs Closing Agents 76

HomeLight

APRIL 11, 2023

Individual program details frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. Whatever your reasons for wishing to relocate, there are many options in this market by which you can choose to sell your property.

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Purchase and sale agreement Closing costs Closing Agents 82

Windemere Buying

JUNE 22, 2022

You’ve applied for financing , worked with your agent to search for available listings, put in time attending open houses, and have found the place you’re ready to call home. Sellers will typically request alterations like a higher price, a modification to your contingencies , or an adjustment of closing dates.

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Purchase and sale agreement Inspection contingency Seller concession Backup offer 52

HomeLight

JANUARY 10, 2023

The median price of a California home hit $777,500 in November 2022 , which is a 3% decrease from the previous month, a sign that higher interest rates are slowing the real estate market in California. Moreover, homes are sitting on the market for longer and inventory is increasing. Average time on market: 24 days (November 2022).

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HomeLight

JANUARY 24, 2023

Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Available to sellers in Austin.

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Purchase and sale agreement Closing costs Closing Agents 71

HomeLight

FEBRUARY 17, 2023

Individual program details frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Close the sale and get paid quickly.

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Purchase and sale agreement Closing costs Closing Sales 74

Redfin

DECEMBER 6, 2023

Purchasing a home in New York marks a monumental step, unveiling a rich tapestry of choices across its dynamic neighborhoods and bustling boroughs. This Redfin article will delve into the intricacies of buying a house in New York, guiding you through this vibrant and fast-paced market. What’s it like to live in New York?

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Purchase and sale agreement Pre-approval Closing costs Sales 59

HomeLight

DECEMBER 2, 2022

Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. Investors are also very active in the Gainesville market and may find themselves in need of an influx of quick cash to manage other properties.

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Purchase and sale agreement Closing costs Closing Investor 79

HomeLight

DECEMBER 6, 2022

Individual program details frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. Perhaps you need a fast home sale to start a new job right away. Receive your offer within a week and close in as little as 10 days.

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Purchase and sale agreement Closing costs Closing Sales 86

Realty Biz

OCTOBER 4, 2022

Financing a home can be challenging, though. Rent-to-own is a contract between the homeowner and the buyer that sets aside a certain percentage of rent towards an agreed-upon home purchase price. A portion of the rent goes towards the sale of the house when the lease agreement ends. Benefits of Homeownership.

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Purchase and sale agreement Mortgages Loans Bankruptcy 69

HomeLight

JANUARY 24, 2023

Individual program details can also frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. You receive a firm offer.

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Purchase and sale agreement Closing costs Closing Investor 75

HomeLight

JANUARY 25, 2023

Individual program details frequently change — please visit a company’s website for the most up-to-date information on each program’s fees, market coverage, business model, and more. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Close the sale and get paid quickly.

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Purchase and sale agreement Closing costs Closing Agents 78