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

JULY 10, 2025

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% This fee is separate from earnest money and is typically credited toward the purchase price at closing if the sale is completed. It usually ranges from 0.1%

Due diligence

Redfin

JUNE 17, 2025

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. This delay is the result of the due diligence period, where the buyer will conduct inspections and other research before actually signing any papers. before being issued to the seller.

Closing

Redfin

MARCH 4, 2025

Whether youre looking at homes for sale in San Antonio, TX , or in Wilmington DE , there are options for you. There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. Auctions The most common type of foreclosure sale is by an auction.

Pre-approval

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.

Earnest money deposit

Redfin

AUGUST 4, 2025

” Focus on: Sale prices of homes with similar size, age, and features The average price per square foot How long properties are staying on the market Also, look at the broader market trends. All of these elements signal to the seller that you’re a serious buyer capable of closing the deal smoothly.

Earnest money deposit

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

AUGUST 5, 2025

Closing costs still apply: Closing costs don’t only apply to mortgages. You need to pay your share of the closing costs in addition to buying the house with cash. Cash due at closing: Once the deal is ready to be finalized, you will need to bring a certified check or cashier’s check to closing.

Earnest money deposit

HomeLight

SEPTEMBER 30, 2020

If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. That being said, the home purchase process is a lot more complicated and drawn out with a short sale because it all hinges on the oversight and approval of a third party: the mortgage lender. Short sales 101.

Short sale

HomeLight

NOVEMBER 1, 2021

Industry experts estimate that sellers can expect to pay anywhere from 6% to 10% of their home’s purchase price in closing costs when it’s time to sell. To top it off, buyers sometimes ask sellers to pitch in for their closing costs, too — another 2% to 3% of the sales price. Property inspections.

Closing costs

HomeLight

APRIL 29, 2021

As a seller, your home sale price and proceeds are very different numbers. You’ll need to subtract your closing costs to determine how much money you’ll walk away with after the sale. So, what are closing costs in Delaware? It’s customary for the buyer and seller to split the cost of transfer taxes.

Closing costs

Redfin

FEBRUARY 22, 2021

However, there are other transaction details you may easily overlook, such as the myriad of additional fees and costs charged to buyers as part of their home purchase transaction, also known as closing costs. What are closing costs? . For a first-time homebuyer, closing costs may come as a big surprise.

Closing costs

HomeLight

MARCH 31, 2021

While researching the home sales process, you’ve likely come across the term “seller credit.” A seller credit is a type of seller concession where the seller offers the buyer money at closing to sweeten the deal. Seller credits are money the seller gives the buyer at closing. Source: (Annie Spratt / Unsplash).

Closing

Windemere Selling

JANUARY 19, 2022

Before a buyer can hold the keys to their new home, and before a seller can celebrate the sale of their property, closing costs must be paid. Learn more about the costs of buying and selling a home here: 10 Costs Associated with Buying a Home 10 Costs Associated with Selling Your Home What are closing costs?

Closing costs

Realtor.com

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. If something is wrong, you can request that it be fixed—or you can back out of the sale. Clear the title.

Closing

HomeLight

MARCH 20, 2023

That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency? If the buyer’s current home sells, the sale of the new home can proceed.

Home sale contingency

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? What buyer contingencies might put a listing back on the market?

Home sale contingency

HomeLight

OCTOBER 30, 2020

A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. And if you add a home sale contingency into the mix (that is, if you need to sell your current home before you can buy a new one), closing the deal can take even longer. Because it’s fast.

Closing

HomeLight

MARCH 2, 2023

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. During this time, review your credit score and determine if it’s considered excellent, good, fair, or poor.

Closing

Realty Biz

OCTOBER 12, 2021

More inventory has started hitting the market of late, but first-time buyers are still struggling with today’s exploding home prices and the high costs of homeownership. In August, they comprised just 29% of sales, far below the 40% of the market this segment traditionally makes up.

Inspection contingency

Realty Biz

APRIL 20, 2022

Let’s look at the most common contingencies in an offer and what they mean to buyers and sellers. Common Contingencies Found in an Offer to Purchase. Home Inspection Contingency. One of the most common terms in an offer is the home inspection contingency clause. Home Sale Contingency.

Purchase and sale agreement

HomeLight

MARCH 6, 2023

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. down payment and/or closing cost assistance. Loans are between 3%-3.5%

Earnest money deposit

Realty Biz

SEPTEMBER 2, 2021

Usually, an agent will charge a percentage of the sales price (around 5-6 percent), while others may charge a flat fee. Underestimating Costs. When you take closing costs, repairs, and other concessions to the buyer into account, a seller is actually looking at around 10 percent. Choosing the Wrong Agent.

Inspection contingency

Real Trends

APRIL 11, 2023

Closing cost incentives Closing cost incentives can include owner’s and lender’s fees, escrow or settlement fees, transfer taxes and government recording fees. Home repairs One way of receiving seller concessions is when the seller agrees to pay for the buyer’s repair costs.

Seller concession

HomeLight

JULY 31, 2020

To be clear, an all-cash offer means you won’t be getting a mortgage loan for any portion of the sale. This is important: if your real estate agent puts in an all-cash offer on your behalf, they will not include a financing contingency. The seller makes decisions based on the terms of your offer, including contingencies.

Purchase and sale agreement

HomeLight

MARCH 2, 2022

After all, it’s your house that’s being inspected, and it will be up to you to either make the repairs, offer credits or concessions, or refuse and potentially lose the sale. But in reality, the process is much more nuanced and “passing the inspection” is a relative term that depends on individual home inspectors, buyers, and sellers.

Inspection

HomeLight

JUNE 24, 2022

This free automated valuation model (AVM) tool will use recent sales transactions, local market trends, and your home’s latest selling price, to provide a preliminary range of value for your property in under two minutes. The estimate is a ballpark indicator of how you might set the sale price. Cost of repairs or improvements.

Seller concession

HomeLight

MARCH 13, 2023

Whatever your reason for needing a quick sale without making a substantial investment, the Orlando real estate market is teeming with cash buyers ready to make a deal no matter your home’s condition. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready.

Sales

HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Receive your offer within a week and close in as little as 10 days.

Sales

HomeLight

JULY 26, 2022

Is it a yard sale? No…it’s a for sale sign!!! A “for sale by owner,” or FSBO (pronounced “fizz-bo”) home, is a home that is being sold by its owner who hasn’t hired a listing agent. A “for sale by owner,” or FSBO (pronounced “fizz-bo”) home, is a home that is being sold by its owner who hasn’t hired a listing agent.

Earnest money deposit

Realty Biz

JUNE 7, 2021

In a general sense, it gives the buyer more power to negotiate a lower sales price and ask for more contingencies. It estimates how many months it would take to sell all of the houses currently available for sale. The appraisal contingency means the appraised price has to be for at least as much as the sales price.

Inspection

HomeLight

SEPTEMBER 22, 2020

Read on to get a full 360-degree explainer on the risks and rewards of asking buyers for their highest and best, with tips on how to pick a winner depending on your unique priorities for this sale. With everything from 50% down to closing cost assistance, the offers ran the gamut. Source: (Stokkete / Shutterstock).

Earnest money deposit

HomeLight

JULY 31, 2021

Reports from the National Association of Realtors show that nearly a quarter of existing home sales were made with all-cash in the spring of 2021 — but how do you go about finding your cash buyer? Our guide aims to address the urgency of needing cash with the level of thought and care that a sale of this weight requires. Good bones.

Earnest money deposit

HomeLight

AUGUST 30, 2021

Importantly, know the difference between a lease option (which only obligates the seller to offer to sell you the house when the time comes) and a lease purchase agreement (which obligates both parties to the sale — so yes, that requires you to go through with it, too). To that end… Step 5: Order the inspection.

Purchase and sale agreement

HomeLight

JULY 31, 2022

When you find a neighborhood you love, the next step is finding a home that’s for sale and in your price range. Knowing exactly what is wrong with the house will help you in crafting your offer and negotiating any repairs to be made before closing. Without an agent, you will need to do all comparable sales research yourself.

Earnest money deposit

Redfin

JANUARY 25, 2021

Though you can technically add any contingency you want to an offer, here are the 9 most common homebuying contingencies to consider. 1) Home inspection contingency. As the buyer you should always order a home inspection. 2) Appraisal contingency. 4) Home sale contingency.

Home sale contingency

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.

Closing