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? of the purchase price, negotiated between the buyer and seller What is earnest money? of the purchase price.

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

JUNE 23, 2025

While not required everywhere, it’s an important part of the process in certain markets and is separate from the earnest money deposit. Due diligence money is paid to the seller, usually non-refundable, and compensates them for taking the home off the market during inspections. Terminate the agreement, if the contract allows.

Due diligence

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

MARCH 18, 2025

When buying a home, youll likely come across the term earnest money – a deposit that shows the seller youre serious about the purchase. But what actually happens to that money once the deal closes? At closing, your earnest money doesnt just disappear, it gets applied toward the costs of purchasing the home.

Closing

Redfin

JULY 25, 2025

Waiving an appraisal contingency could also make your offer more attractive, especially in a competitive market. 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.

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

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?

Purchase and sale agreement

Redfin

JULY 31, 2025

State and local programs: Cities and states may offer down payment assistance, forgivable loans, or closing cost help. Fannie Mae’s HomePath Ready Buyer Program : This offers up to 3% in closing cost assistance when purchasing a HomePath property and completing a homeownership course.

Purchase and sale agreement

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. Know Your Market Youve probably heard the phrase location, location, location. The local market is extremely important.

Due diligence

Redfin

JUNE 18, 2025

Whether you’re purchasing a brownstone in Brooklyn, NY , or selling a ranch-style home in Tucson, AZ , understanding how transfer taxes work can help you avoid unexpected costs and negotiate smarter. It’s important to review your purchase agreement and local regulations to determine who’s on the hook.

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

The commission is typically divided equally between the buyer’s and seller’s agents, based on a percentage of the sale price. While technically, the seller pays the commission; it is indirectly included in the property’s sale price, which means the buyer contributes to it.

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

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

Rochester Real Estate

NOVEMBER 5, 2015

While selling for cash may result in receiving less than the market value, it can benefit those experiencing financial difficulties or dealing with challenging situations. If you sell to a real estate investor, you’ll likely sell for 30% or more below market value. (585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P.

As-is

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

Redfin

JUNE 9, 2025

This is a common challenge in competitive housing markets, where roughly 8% of home appraisals come in below the contract price. This is particularly prevalent in real estate markets like Los Angeles, CA , Austin, TX , or Chicago, IL , where bidding wars often drive prices above the appraised value.

Purchase and sale agreement

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

Redfin

JUNE 10, 2025

This can create a significant hurdle in real estate transactions, particularly for those navigating the market with Redfin’s platform and agents. A low appraisal indicates a discrepancy between the market price you’ve agreed upon and the value an independent appraiser assigns to the property.

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. Available to sellers throughout Hilo.

Purchase and sale agreement

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. No showings, no repairs, no open houses.

Purchase and sale agreement

Redfin

JUNE 17, 2025

Gift of equity : A home must be sold at fair market value , but your family member can offer a gift of equity to make it affordable. A gift of equity is the difference between the fair market value and the sale price. On a $400,000 sale, that could mean saving about $20,000 in closing costs.

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. Need to sell your house fast? Learn more Wait!

Purchase and sale agreement

The Mortgage Report

JULY 22, 2025

A mortgage is a legal agreement between the lender and all borrowers. Unequal financial contributions: Alex and Leah purchased a condo while they were still dating. Refinancing comes with closing costs , which usually cost between 2% and 5% of the loan amount. In most cases, the answer is no. Time to make a move?

FHA 203k rehab loan

Housing Wire

MAY 19, 2025

As builders struggle to close sales, resulting in declines in builder confidence and in company revenues, many have started to pile on buyer sales incentives. One-third of respondents increased some, most or all of their sales incentives. According to Webb, about 80% of his firms sales include an outside buyers agent.

Purchase and sale agreement

Redfin

JANUARY 28, 2025

Whether you’re looking at homes in Salt Lake City or considering properties in another competitive market, like homes in Charlotte , assumable mortgages can be a smart move in the right situation. From evaluating the loan terms to understanding the hidden costs, assuming a mortgage isn’t a decision to take lightly.

Loans

Redfin

MARCH 26, 2025

This protective clause in your purchase agreement can save you thousands if your mortgage falls through, but in todays competitive market, some buyers are tempted to waive it. This contingency gives you a legal out if something unexpected prevents you from closing. You have a strong pre-approval.

Finance

Redfin

AUGUST 5, 2025

That’s particularly true if you pay below the market price. Home buyers can legally purchase a home from their parents or any family member. Of course, this depends entirely on the circumstances of the sale, but you’ll likely avoid a bidding war. Can I buy my parents’ house? You may be able to get a good price on the home.

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. A real estate offer is a formal, written proposal to purchase a home.

Earnest money deposit

HomeLight

JULY 22, 2025

In exchange for speed and convenience, these companies often pay below market value compared to the traditional market. A cash sale can be a helpful option if you’re short on time, facing financial challenges, or simply ready to move on. Receive your offer in 24 hours and close in as few as 10 days. Learn more Wait!

Purchase and sale agreement

Redfin

JULY 3, 2025

Waiting until your divorce is finalized can help prevent legal or financial complications during your purchase, ensuring a smoother path to closing. Renting a home before buying can be a practical option if you need time to adjust to a single income, rebuild your credit , or save for a down payment and closing costs.

Debt-to-income ratio

HomeLight

MAY 29, 2025

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Start with a home value estimate A smart first step to take when estimating the costs of selling your house in Kansas is obtaining a home value estimate.

Purchase and sale agreement

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

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

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

JULY 26, 2024

However, an off-market transaction between family members requires careful planning and transparent communication to avoid misunderstandings and ensure a seamless process. Selling your home to a family member is called a controlled transaction, while selling your home on the open market is referred to as an arm’s length transaction.

Purchase and sale agreement