Remove Closing Remove Earnest money deposit Remove New Construction Remove Purchase and sale agreement
article thumbnail

Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

However, this is just the start with many things to do before the status changes to “Closed.” ” What do they mean and how will they affect your home sale? Despite this, there can still be room to negotiate the conditions of the sale. Not all sales will have contingencies with them, but most will.

article thumbnail

What Must Be Disclosed When Selling a House in Georgia?

HomeLight

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. Before entering into a purchase agreement, the seller must inform the buyer of any known lead-based paint hazards in the home. Find Agent.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Ready to Sign the Purchase Offer for Your House? Here’s How to Read the Fine Print

HomeLight

Now that you have a purchase offer in hand, you’re in the home stretch, so to speak, of selling your house — but don’t sign the paperwork or pop the champagne just yet. Find a top real estate agent near you We analyze millions of home sales to find real estate agents that sell homes faster and for more money.

article thumbnail

When Is a House Down Payment Due and How Much Do I Need?

HomeLight

It’s the first financial move you’ll make in securing your new home purchase. And it’s a lot of money, so you’re probably wondering: When do you actually have to give the down payment to the seller? But that doesn’t mean the money will leave your account just yet. So the down payment is due at closing?

article thumbnail

Your Guide to Buying a Home in the Sunshine State of Florida

HomeLight

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.

article thumbnail

The Housing Market Isn’t Crashing…But It Is Shifting

HomeLight

And those of you who responded are in agreement. Well, first-time buyers can’t say, “Well, I’m gonna put down the $75k in equity that I gained from my last home, and use it as a down payment for my next purchase.” We closed one last week with a young lady. sound effect: crash wave]. So proud of her.