Redfin

JUNE 23, 2025

Due diligence money is paid to the seller, usually non-refundable, and compensates them for taking the home off the market during inspections. Earnest money is a good-faith deposit held in escrow that can be applied to closing costs or the down payment. This only applies in certain states. How the Process Works 3.

Due diligence 31

Due diligence Earnest money deposit Purchase and sale agreement Inspection 31

HomeLight

NOVEMBER 10, 2021

A local agent will know how to write a competitive offer and what sellers in the market prefer. They’ll know whether offering a rent-back period could sweeten the deal, or if it’s more common to pay seller closing costs. Step 12: Consider title insurance. Step 9: Order an inspection.

Inspection 98

Inspection Title Agents Pre-approval 98

HomeLight

MARCH 13, 2023

When you work with a reputable cash home buyer in Orlando, you’ll likely experience a smooth journey from offer to close. Home-buying companies generally pick up closing costs including title search and title insurance that usually range from 1.5% The buyer and seller sign the closing documents.

Sales 98

Sales Investor Due diligence Renovation 98

HomeLight

JUNE 30, 2021

Title contingency. During a home purchase, a title search is done to ensure that the seller is the property owner with full rights to sell. A title contingency allows the buyer to terminate the contract if the title search reveals any issues, such as a lien against the property.

Purchase and sale agreement 98

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 98

HomeLight

JULY 29, 2022

In the case of mortgage wire fraud, scammers impersonate the title company and send fraudulent wiring instructions via email for buyers to wire their down payment and closing costs to. If that happens, your funds could go MIA just as you need them to close. Get it ASAP and look it over thoroughly.

Closing 105

Closing Purchase and sale agreement Title Home sale contingency 105