BAM Media

DECEMBER 19, 2024

Sellers remain confident in their ability to move properties quickly, with 72% expecting to close within 4 months or less.

Marketing

Windemere Selling

MARCH 3, 2025

4 Account for Hidden Costs In addition to the purchase price of the home, there are additional costs you need to take into consideration, such as closing costs, appraisal fees, and escrow fees. Now, divide the list into must-haves and nice-to-haves. #4 Determine how much youll pay in taxes monthly and/or annually.

Pre-approval

Lighter Side of Real Estate

APRIL 29, 2025

of home sales in the U.S. Here are some common examples: Money toward closing costs A seller might agree to cover part (or all) of the buyers closing fees, which can be thousands of dollars. So even if you offer money toward closing costs or repairs, you may still walk away with substantial equity gains.

Seller concession

Redfin

JULY 18, 2025

This Redfin Real Estate article outlines practical steps every buyer should follow, from budgeting and touring homes to inspections and closing. Whether you’re looking at homes for sale in San Francisco , or touring houses in Portland , knowing what to prioritize will help you make smarter decisions and avoid common pitfalls.

Pre-approval

HomeLight

APRIL 30, 2025

If you’re planning on selling a house in Alabama, youve likely noticed that for-sale signs are lingering longer. Waiting for months to find a buyer may not work for your moving plans, especially if you need the proceeds from your home sale to buy your new house. What is Your Alabama Home Worth? What is Your Alabama Home Worth?

Sales

Redfin

JUNE 27, 2025

Don’t skip critical steps like the home inspection or negotiating closing costs. Take note of closing costs, loan terms, and any additional fees. Missing out on first-time homebuyer programs Between saving for a down payment and covering closing costs, buying a home can feel financially overwhelming.

Pre-approval

Redfin

JULY 15, 2025

This Redfin guide is here to be your checklist, breaking down the upfront costs you’ll need to cover to actually close on your home and make it yours. From inspections to closing fees, here’s what you should know (and plan for) before you get the keys. Closing costs So, what are closing costs ?

Closing costs

The Close

NOVEMBER 25, 2024

When looking into your finances, consider the following factors: Closing costs: These are generally 2% to 5% of the property’s sales price and include lender fees, title insurance, property insurance, and property taxes. The higher the home’s sale price, the higher your closing costs.

Purchase and sale agreement

Windemere Selling

MAY 13, 2025

Breaking the process down step by step will keep you organized and ready to work with your agent toward a successful home sale. Although the ultimate goal is the sale, think about your compatibility outside of the transaction. Home Inspection Buyer offers are usually contingent upon a professional home inspection.

Sales

The Close

MARCH 11, 2025

The process of locating and purchasing for sale by owner (FSBO) properties can be a complex endeavor for investors. This process involves multiple stages, starting with identifying an FSBO listing to securing appropriate financing and completing the closing procedures. What are the average monthly utilities and maintenance costs?

Sales

Redfin

MARCH 4, 2025

In a less competitive market, or if a home has been for sale for 30 days or more, successful offers under list price are more common. Combine inspections. In a competitive situation, you can ask to do a pre-inspection of the home. If you’re satisfied with the report, you can waive the general inspection contingency.

Pre-approval

Redfin

JUNE 23, 2025

In real estate, the due diligence period is the time between an accepted offer and closing. You can schedule inspections, review the title, secure an appraisal, and check for any red flags that could affect your decision to buy. This timeframe grants the buyer permission to thoroughly inspect the property.

Due diligence

Redfin

JANUARY 10, 2025

And when selling a home, more home equity often equals more flexibility youll have in timing the sale of your property. Transaction costs Transaction costs in real estate are the expenses associated with buying or selling a property. These costs can vary depending on the sale price and location of the property.

Seller concession

Redfin

JULY 9, 2025

You may have saved enough for your down payment, but make sure to also account for closing costs, taxes, insurance, and any other unforeseen expenses that may arise. Rule of thumb: Aim to spend no more than 28% of your gross monthly income on housing costs, and keep your total debt payments under 36% of your income.

Pre-approval

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? Are they negotiable?

Seller concession

Redfin

JULY 10, 2025

Earnest money is a refundable deposit held in escrow to show your serious intent to buy, while due diligence fees are usually non-refundable payments made directly to the seller to secure time for inspections and evaluations. >> Read: What Happens to Earnest Money as Closing? Is it refundable? It usually ranges from 0.1%

Due diligence

Redfin

JULY 14, 2025

The money is held in escrow and is typically applied towards the buyer’s closing costs or down payment. Performing unauthorized inspections or repairs. Buyer backs out of the deal without a contingency Most real estate contracts include contingencies – built-in conditions that must be met for the sale to move forward.

Earnest money deposit

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

HomeLight

JULY 29, 2025

As-is sales are most often seen in inherited homes, rental properties, or situations involving relocation or foreclosure,” says Jason Huerkamp , a top-performing Minneapolis agent who sells homes 75% faster than the average agent in his market. Looking into selling a house “as is” in Minneapolis?

As-is

Redfin

JULY 31, 2025

From your expected sale price, subtract: The full mortgage payoff amount Real estate agent commissions Closing costs Any unpaid taxes, liens, or HOA fees Repair credits or buyer concessions What’s left is your net proceeds—the money you’ll take home, if all goes well. Underpricing it could mean owing money at closing.

Mortgages

HomeLight

MAY 14, 2025

Fast facts about selling a house as is in Vermont Median sales price in Vermont $430,000 Average days on market (DOM) for Vermont 36 Disclosures Vermont law requires sellers to disclose material facts about the property through the Sellers Property Information Report. Which types of homes are sold as is?

As-is

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. Termite or pest inspection Not every state requires a pest inspection in order to sell your home.

Purchase and sale agreement

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

Marco Santarelli

JULY 17, 2025

Here's what's happening: Las Vegas is seeing a significant increase in the number of homes listed for sale. Buyers have more time to explore their options negotiate terms, and conduct thorough inspections. Here's what they need to consider: Increased Competition: With more homes for sale, sellers need to stand out from the crowd.

Marketing

Redfin

MARCH 18, 2025

The earnest money is typically held in an escrow account – a neutral third party, such as a title company or real estate brokerage, holds onto the funds until the sale is finalized. What happens to earnest money at closing? It can cover part of your closing costs. So, can you get earnest money back at closing?

Closing

HomeLight

MAY 15, 2025

Fast facts about selling a house as is in Plymouth Median sales price in Plymouth $650,000 Average days on market (DOM) for Plymouth 53 Disclosures Plymouth law requires sellers to disclose material facts about the property through the Property Transfer Notification Certification and Title 5 of the Massachusetts Environmental Code.

As-is

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. 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. The buyer understands they’re purchasing the property in its current condition.

As-is

Redfin

JUNE 13, 2025

Coordinating the sale of your current home with the purchase of your next requires precise timing. In a seller’s market : Demand from buyers exceeds the number of homes for sale. Account for extra expenses like closing costs , moving fees, and potential home improvements in your budget. Step 2: Sell first or buy first?

Debt-to-income ratio

Redfin

JULY 1, 2025

A seller’s credit, also known as a seller concession, is a financial agreement where the home seller agrees to cover some of the buyer’s closing costs. Rather than lowering the price of the home, the seller contributes a credit at closing to help reduce the buyer’s upfront expenses. What is a seller’s credit? Not exactly.

Purchase and sale agreement

Redfin

FEBRUARY 24, 2025

Purchasing an existing home often proves more cost-effective than constructing a new one, though total expenses vary based on factors like home size, materials, market conditions, and location. As of December 2024, the median sales price for single-family homes in the U.S. As of the end of 2024, the median home sales price in the U.S.

Debt-to-income ratio

Redfin

JULY 3, 2025

In this article: Decide whether to sell now Hire a listing agent Set a selling price Pick a listing date Get a pre-sale inspection Declutter, clean, and stage List your home Show your home Review and negotiate Accept an offer Prepare for the final walkthrough Closing day What happens now?

Inspection

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

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

JANUARY 28, 2025

However, there are other costs you need to account for in addition to the loan itself, such as: Equity payment: Youll need to pay the seller for the equity theyve already built up in the home. This is typically reflected in the sale price of the property. In a rising rate environment, this can lead to substantial long-term savings.

Loans

Redfin

JULY 30, 2025

This also includes setting aside funds for closing costs, unexpected repairs, and moving expenses. Analyzing recent comparable sales, the average days on market, and price trends in your target neighborhood can help you determine how aggressive or conservative your offer should be.

Earnest money deposit

AAOA

MAY 22, 2025

Start with a Letter of Intent (LOI) outlining your terms, then proceed to a formal Purchase and Sale Agreement (PSA) once its accepted. Inspect: Rent rolls Financial statements (T-12s) Unit-by-unit condition Leases and legal compliance Title, zoning, insurance history CapEx needs (roof, HVAC, plumbing, etc.)

Due diligence

Rochester Real Estate

NOVEMBER 5, 2015

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. Preparing Your House for a Cash Sale Before selling your house for cash, preparing it for sale is essential.

As-is