article thumbnail

When Can a Buyer Cancel a Home Purchase Agreement?

HomeLight

You’ve planned, juggled finances, worried about finding the right house, and then you finally sign a contract. But what happens if you’re now facing the decision of submitting a buyer cancellation of the purchase agreement? What is a home purchase agreement?

article thumbnail

Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

In return, Hometap gets an agreed-upon percentage of the sale price or appraised value within a 10-year period. In addition to that, conventional underwriting does not serve the new-age economy such as gig workers, so you are seeing this demand for alternative financing. “And And that has already started to happen,” Craft said.

Equity 397
Insiders

Sign Up for our Newsletter

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

article thumbnail

Most Home Purchase Agreements Are Contingent on These Two Items

HomeLight

Most purchase agreements are contingent on two key items: home inspection and financing. In the world of real estate, a contingent offer on a home means that the purchase is conditional upon certain terms being met. Most purchase agreements are contingent on which two items? What does this mean to a buyer?

article thumbnail

‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. You should be finding buyers before real estate agents anyway.”

article thumbnail

Pending-home sales rise to highest level in a year in October: Redfin

Housing Wire

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.

article thumbnail

Redfin’s relaunched homebuyer refund program now available nationwide

Housing Wire

First piloted in a handful of markets in September 2023 and formally launched in early February, the Sign & Save program provides buyers who sign up to work with a Redfin agent before their second home tour — and who purchase a property with that agent within 180 days of signing the agreement — a refund of 0.25% to 0.5%

article thumbnail

Guide – Purchase and Sale Agreements (PSAs)

C4D Crew

This article will guide you through one of the more important of those documents—the purchase and sale agreement. . By the end of this article, you’ll know exactly what’s in a PSA, why PSAs are an essential part of purchasing a home, and who’s responsible for drafting it. . Defining Purchase and Sale Agreements (PSAs).