Redfin

JULY 10, 2025

After offer acceptance At the start of the due diligence period Purpose Shows buyer commitment and secures the contract Compensates seller for taking property off the market Applied to purchase? Credited toward the purchase price at closing Credited toward the purchase price if sale closes Fee amount 1-3% of the purchase price Often 0.1%

Due diligence

AAOA

MAY 22, 2025

Whether youre asking how to buy an apartment complex , wondering how much it costs to buy an apartment complex , or simply exploring if this path is right for you, this guide breaks it all down step by step. Step 2: Get Pre-Approved or Prepare to Raise Capital Before you make offers, get your finances in order. Talk to lenders.

Due diligence

Redfin

JUNE 23, 2025

It’s a crucial period to verify the property’s condition, ensure it meets expectations, and meet any financing requirements set by the lender. Earnest money is a good-faith deposit held in escrow that can be applied to closing costs or the down payment. Terminate the agreement, if the contract allows.

Due diligence

Redfin

JULY 9, 2025

Between setting a budget, getting pre-approved, and closing the deal, getting everything squared away can make all the difference. Whether you’re purchasing your first home or need a refresher, understanding each step in the home buying process timeline can help you avoid surprises and feel more confident along the way.

Pre-approval

Redfin

JULY 25, 2025

An appraisal contingency is a clause added to the real estate purchase agreement that allows the buyer to negotiate or back out of the sale if the property appraisal price comes back lower than the agreed-upon purchase price. The buyer and seller agree upon a purchase price. How much does an appraisal cost?

Purchase and sale agreement

Redfin

MARCH 4, 2025

15 documents to have before listing your home Collect paperwork that highlights your homes selling points for an accurate pricing strategy, additional documentation to pass on to the new owners and other real estate forms required for the sale. Particularly youll need the original purchase agreement and deed.

Purchase and sale agreement

Redfin

JUNE 27, 2025

Seller concessions refer to closing costs or other fees that the seller agrees to pay on the buyer’s behalf. These concessions are negotiated during the offer process and help make the purchase more affordable for the buyer, without reducing the home’s sale price. What can seller concessions cover?

Seller concession

HomeLight

JULY 23, 2025

An as-is home sale means the seller isn’t planning to make repairs or offer credits for issues the buyer might find. The buyer understands they’re purchasing the property in its current condition. This type of sale often signals that things like an aging roof or a worn-out appliance may not be fully functional or have much life left.

As-is

Marco Santarelli

APRIL 4, 2025

Refinance Rates : Similar to purchasing rates, refinance rates have also dropped, now averaging 6.49% for 30-year mortgages. Market Sentiment : Investor reactions to economic newssuch as tariffs, trade agreements, or changes in the stock marketaffect the demand for mortgage-backed securities, subsequently impacting mortgage rates.

Mortgages

Redfin

JULY 11, 2025

This good-faith payment, typically 1% to 3% of the purchase price, is held in escrow and applied to your down payment or closing costs if the sale goes through. That means if the sale is completed, the money is not refunded – it’s credited toward what you owe. When is earnest money refundable?

Earnest money deposit

Rochester Real Estate

NOVEMBER 5, 2015

This process involves transferring the property to a buyer with available funds, eliminating the need for mortgage financing. Understanding the cash sale process, weighing the pros and cons, finding a reputable cash home buyer, and preparing your house for a cash sale are all essential steps to ensure a successful transaction.

As-is

Redfin

JUNE 30, 2025

The parties required to be present (or represented) at closing depend on the transaction and local practices. Here’s a breakdown of who typically needs to attend—or be represented: Buyer: The buyer is usually present to sign loan documents (if financing) and other paperwork, like the deed and closing disclosure.

Closing

Redfin

JUNE 9, 2025

Because lenders base loan amounts on the appraisal—not the purchase price— buyers are typically responsible for covering this difference out-of-pocket. Prices increasing fast: Prices rise quickly in hot markets but appraisals rely on older sales data that may not reflect the latest trends.

Purchase and sale agreement

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles Earnest Money and House Deposits Explained Kyle Hiscock Kyle Hiscock | Greater Rochester NY Real Estate | Pittsford NY Realtor at RE/MAX Realty Group Have questions about buying or selling a home?

Earnest money deposit

Redfin

JUNE 17, 2025

Selling a house can be a long process, and it makes sense that the seller would want to know when the seller gets money after closing – especially if those funds are being used to purchase a new home. What needs to be done before settlement It typically takes between 30-60 days from accepting an offer on your home to closing a sale.

Closing

Redfin

JUNE 10, 2025

Mortgage lenders typically base their financing on the appraised value or the purchase price , whichever is lower, directly impacting the loan amount. Limited comparable sales (comps): Appraisers rely on recent sales of similar homes in the area. Negotiate the purchase price: This is often the most common resolution.

Purchase and sale agreement

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles How to Buy a House in New York Kyle Hiscock Kyle Hiscock | Greater Rochester NY Real Estate | Pittsford NY Realtor at RE/MAX Realty Group Have questions about buying or selling a home?

Purchase and sale agreement

Rochester Real Estate

NOVEMBER 5, 2015

Here are the top frequently asked questions that home sellers ask before listing a home for sale, questions relating to home value & pricing, questions relating to contracts, and questions relating to purchase offers. Frequently Asked Questions Before Listing Their Home For Sale When is the best time to sell my home?

Purchase and sale agreement

Redfin

JANUARY 28, 2025

Instead of applying for a new home loan with todays mortgage rates and terms, the buyer steps into the seller’s position as the borrower and continues making payments under the original loan agreement. Both the buyer and seller must work closely with the lender to ensure compliance with the loans terms and approval requirements.

Loans

HomeLight

JULY 22, 2025

Compared to listing on the open market, these companies pay below-market value in exchange for a quick and easy sale process. A cash sale can be a valuable option when you’re short on time, dealing with financial pressures, or simply want to sell your house and move on. Need to sell your house quickly in Woodbridge, NJ?

Purchase and sale agreement

HomeLight

JULY 21, 2025

Compared to the traditional market, these companies pay below-market value in exchange for a quick and convenient sale process. A cash sale can be a practical option when you’re pressed for time, facing financial pressures, or simply want to sell your house and move on quickly. No showings, no repairs, no open houses.

Purchase and sale agreement

Redfin

JUNE 17, 2025

A gift of equity is the difference between the fair market value and the sale price. Lower closing costs : You won’t need a real estate agent when buying a house from a family member, which means you won’t have to pay real estate commission , which can save you thousands. Be sure to get all agreements in writing.

Purchase and sale agreement

HomeLight

JUNE 6, 2025

Compared to a traditional sale, these companies pay below-market value in exchange for a quick and convenient process. A cash sale can be a viable solution when you’re short on time, facing financial pressures, or simply want to offload your property and move on quickly. Receive your offer in 24 hours and close in as few as 10 days.

Purchase and sale agreement

Redfin

JUNE 30, 2025

Key takeaways: In most home purchases, the buyer’s agent delivers the offer to the seller’s agent, who then presents it to the seller If you don’t have an agent, you must submit the offer yourself—ideally with help from a real estate attorney. Clean terms, proof of financing, and flexibility can help your offer get noticed—even as a backup.

Earnest money deposit

HomeLight

JULY 22, 2025

A cash sale can be a helpful option if you’re short on time, facing financial challenges, or simply ready to move on. If you’re dealing with a tight timeline or just want a straightforward sale, selling to a house-buying company could be a smart move. Receive your offer in 24 hours and close in as few as 10 days.

Purchase and sale agreement

Redfin

JULY 3, 2025

A home can provide a fresh start, but buying too soon can create complications if your divorce isn’t fully settled or if your finances aren’t yet stable enough for a mortgage. Waiting until your divorce is finalized can help prevent legal or financial complications during your purchase, ensuring a smoother path to closing.

Debt-to-income ratio

Redfin

JUNE 26, 2025

Key takeaways: Buying a house with mold comes with risks, including health concerns and costs of remediation. As a buyer, you can negotiate a lower sale price to account for cost of remediation and get a better deal on a home. In that case, walking away from the sale might be better than draining your savings on fixing it.

Purchase and sale agreement

The Close

JULY 1, 2025

A home is the largest purchase most people will ever make, and many buyers rely on mortgage financing. This makes it possible for buyers who might not qualify for traditional loans to still secure financing. Minimum down payment The minimum down payment on an FHA is just 3.5%, calculated from the home’s purchase price.

FHA loan

HomeLight

MARCH 3, 2025

The most common request I get for as-is sales, are situations where a house is in significant disrepair. Those are the two types of situations in which I typically see a request for an as-is sale, Connor adds. As is is a type of home sale in which its understood that no improvements will be made to the property.

As-is

Redfin

JULY 17, 2025

Discuss your finances 3. Discuss your finances It’s essential to be transparent about your finances, especially as an unmarried couple buying a home. Savings: Decide how much each of you can contribute from your savings towards the down payment, closing costs, and moving expenses. Understand the legalities 5.

Purchase and sale agreement

Housing Wire

MARCH 15, 2024

At this early stage, it’s unclear how such commissions would be paid since buyers could pay their agents out of their pockets or negotiate commissions as a seller concession in the closing costs. NEXA has always been focused on purchase loans , which means some of its LOs do significant business with buyers’ agents.

Industrial

Housing Wire

NOVEMBER 17, 2023

pending-home sales rose 1% month over month in October to a seasonally adjusted annual rate of 401,000, the highest level in a year. Although pending sales fell 4.8% Here’s a look at why pending-home sales picked up: The number of existing homes listed increased in October, giving buyers more options to choose from.

Purchase and sale agreement

Housing Wire

JULY 26, 2024

The majority of real estate sales fall under this category and usually employ a buyer’s and seller’s agent who negotiate on behalf of their respective parties. Although you can sell your home for whatever price you like, a controlled sale may incur certain tax liabilities for both parties. Discuss financing.

Purchase and sale agreement

Housing Wire

NOVEMBER 7, 2023

VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. These clients are typically low on funds, which is why they need this type of financing. Adding this cost to their side of the transactions would throw the vast majority of them out of the market entirely.”

VA loan

Housing Wire

FEBRUARY 23, 2023

Preventing wire fraud and helping wire fraud victims Every year, unsuspecting homebuyers fall victim to a scam called real estate wire fraud, where fraudsters trick them into wiring their downpayments and closing costs to a fraudulent account. As an industry, we united against these unfair fee agreements.

Title

Housing Wire

AUGUST 19, 2024

The groups criticizing CFA, and by extension, DOJ, argue that uncoupling commissions will harm first-time home buyers, especially Black and Hispanic homebuyers who may have limited resources to pay down payment and closing costs. Financed commissions would truly uncouple rates, making it possible for buyers to negotiate them.

Purchase and sale agreement

HomeLight

JULY 23, 2024

As a seller, you’ll first encounter a purchase agreement when you receive an offer from a buyer. The purchase agreement outlines the buyer’s offer price, along with contingencies , financing terms, closing costs , possession date, and more. Curious What Your Home Is Worth?

Purchase and sale agreement