Realty Biz

JULY 1, 2023

Escrow acts as a neutral third party that holds funds and documents until all conditions of the home purchase are met. The National Association of Realtors (NAR) conducted a survey in October 2022, revealing that approximately 7% of deals in the preceding three months got terminated before reaching the closing stage.

Purchase and sale agreement 75

Purchase and sale agreement Earnest money deposit Title search Pre-approval 75

HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado.

Purchase and sale agreement 102

Purchase and sale agreement Inspection MLS Inspection contingency 102

HomeLight

OCTOBER 17, 2022

These legally-binding requirements are designed to enforce transparency in the dealings so as to avoid physical or financial harm to the parties involved. HomeLight’s free Agent Match platform can connect you with a top-performing agent in your market who can help you navigate your entire home-selling journey — from disclosures to closing.

Purchase and sale agreement 96

Purchase and sale agreement Due diligence Earnest money deposit Inspection 96

Redfin

MARCH 2, 2023

Regardless of your experience, navigating the housing market can be daunting, especially when it comes to understanding the complex jargon and legalities involved in purchasing a property. When a buyer applies for a mortgage to purchase a home, the lender requires an appraisal of the property to determine its fair market value.

Purchase and sale agreement 59

Purchase and sale agreement Earnest money deposit Finance Inspection 59

HomeLight

NOVEMBER 29, 2021

A down payment is money that a buyer will pay at closing, usually expressed as a percentage of the home’s total purchase price. These loans are designed for low-to-moderate-income borrowers. All FHA loans require a mortgage insurance premium (MIP), which is an upfront payment made at closing when you take out the loan.

Earnest money deposit 90

Earnest money deposit FHA loan Purchase and sale agreement Inspection 90

HomeLight

MAY 27, 2021

Closing costs? Listing sites where you browse homes for sale usually have a sponsored agent pop-up that will lead you to a real estate agent. Townhouse deals are different from land purchases ; condos are different from single-family homes. The agent’s commission is normally a part of the seller’s closing costs.

Earnest money deposit 54

Earnest money deposit Purchase and sale agreement Closing costs Inspection 54

HomeLight

SEPTEMBER 1, 2022

Before you start looking for homes in Florida, you want to determine if you’re ready to purchase one. 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.

Earnest money deposit 79

Earnest money deposit FHA loan Purchase and sale agreement Title 79