Closing costs Inspection contingency New Construction Sales 
Redfin
MARCH 30, 2021
The estimate will tell you the full costs of your loan as well as your closing costs. . When you get your estimate, review it closely. Longer rate locks often carry an extra fee,but with closing times trending towards the longer side, that fee may be worth the peace of mind. Average time: 7-14 days.
HomeLight
AUGUST 9, 2022
If you back out of the sales agreement and your reason for doing so isn’t covered by contingency written into the contract, the seller can keep your earnest money. Otherwise, earnest money will be held in an escrow account until closing, and the amount is then applied toward your down payment at closing. Final steps.
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HomeLight
OCTOBER 13, 2021
This piece of paper shows that you have the funds to cover the down payment, closing costs, prepaid interest, taxes, and insurance. You can get a copy of your policy declaration at least a few days before closing by calling the insurance company and asking them to fax it to your lender. Closing Disclosure. Bill of sale.
HomeLight
SEPTEMBER 1, 2022
Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. As far as home styles go, new construction is trending toward a country style, says Raymer.
HomeLight
AUGUST 17, 2020
And then there’s kind of been a consistent lack of new construction coming into the mix for years. So there just aren’t very many homes for sale and buyers want them. There’s not that many homeless for sale. Sellers are still a little bit wary about bringing people into their home in order to show it.
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