Housing Wire

SEPTEMBER 17, 2024

For agents in New Hampshire , this week marks two months since PrimeMLS , the state’s multiple listing service , implemented the business practice changes outlined in the National Association of Realtors’ nationwide commission lawsuit settlement agreement. For the most part, brokers said buyers are willing to sign these agreements.

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Purchase and sale agreement Agents MLS Inspection 448

Housing Wire

APRIL 11, 2023

Buyers, sellers and lenders all have a stake in the sale, and title and escrow ensure that everyone’s interests are protected. They also help to prevent fraud and ensure that the sale is conducted legally and ethically. You can obtain a title through purchase, inheritance or other legal means.

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Title search Title Purchase and sale agreement Preliminary report 397

HomeLight

MARCH 7, 2024

But what happens if you’re now facing the decision of submitting a buyer cancellation of the purchase agreement? In this guide, we’ll break down what you need to know about buyer cancellation of a purchase agreement. What is a home purchase agreement?

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Purchase and sale agreement Earnest money deposit Option period Inspection 116

HomeLight

JANUARY 10, 2024

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?

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The Close

JANUARY 16, 2025

A rent to own home is a type of real estate investment when a tenant purchases the property theyre renting after a specific time. In this kind of deal, part of what the tenant pays in rent goes towards building equity in the home, or the owner credits it toward the purchase price. However, purchasing one requires a different approach.

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Purchase and sale agreement Investor Finance Equity 98

HomeLight

MARCH 2, 2022

Up next: The home inspection. Once the buyer orders a home inspection, your home is in the hot seat. Even if you’ve gone through the house with a fine-tooth comb and listed anything and everything on the seller’s disclosure , the home inspection might reveal issues that you weren’t aware of or are worse than you thought.

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Inspection Purchase and sale agreement Inspection contingency Agents 145

The Close

NOVEMBER 25, 2024

In this “How to Buy a Multifamily Property” guide, I’ll walk you through deciding which type of multifamily property you want to purchase, picking the right lender, and running the numbers to ensure profitability. Purchasing a multifamily property is an excellent way for investors to generate steady income.

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Purchase and sale agreement Property Management Hard money loan Investor 105

Realty Biz

DECEMBER 5, 2022

One of the most vital phases of buying a house is having it inspected. Home inspections over the last few years were few and far between. The crazy hot seller's market forced many home buyers into forgoing their inspection. It has led to home inspections coming back in vogue again.

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Inspection Earnest money deposit Purchase and sale agreement Inspection contingency 138

HomeLight

OCTOBER 25, 2024

If you’re a homeowner who doesn’t have the time or resources to tackle renovations, a cash sale can be an easy way to sell your property. Sell Your House Fast in Citrus Heights With a Cash Offer Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. No showings, no repairs, no open houses.

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Purchase and sale agreement Inspection Renovation Closing 64

Realtor.com

OCTOBER 29, 2020

That’s why we’ve put together a home closing checklist, which outlines your action points in those few days leading up to settlement. Keep this closing process list handy to know you’ve done what you need to in order to close the deal. If something is wrong, you can request that it be fixed—or you can back out of the sale.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

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? This Redfin article will break down exactly what happens to your earnest money at closing, and what to expect in different scenarios.

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Closing Purchase and sale agreement Earnest money deposit Seller concession 43

Realty Biz

JUNE 7, 2021

What Is The Time Frame For Closing on a Home? One of the more popular questions asked from buyers and sellers is how long it will take to close on a house. When buying or selling a home, you feel relieved once the process closes and you have the home keys handed over to you. Hence, the closing timeline depends on your lender.

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Closing Purchase and sale agreement Inspection Title 122

Housing Wire

JUNE 7, 2024

As overall home sales decline on a national level, signing listings is more difficult than ever for agents of all experience levels. Host open houses for FSBOs Adding value, not being pushy, and building relationships with For Sale By Owner sellers are the keys to converting them to listings. Have you ever considered selling?

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Purchase and sale agreement Agents As-is Inspection 468

HomeLight

NOVEMBER 8, 2024

A cash sale lets you skip the lengthy listing process and sell quickly. Sell Your House Fast in Middletown With a Cash Offer Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer in 24 hours and close in as few as 10 days. No showings, no repairs, no open houses.

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Purchase and sale agreement Inspection Closing Sales 59

HomeLight

JANUARY 17, 2024

Buying a house is a major milestone, but what happens when you have second thoughts, or you can’t fulfill the agreement you signed? Backing out of a home purchase isn’t a decision made lightly, yet it’s a scenario that buyers might face. But what’s the real meaning of backing out of a home purchase?

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Purchase and sale agreement Debt-to-income ratio Title search Finance 111

Toronto Realty Blog

FEBRUARY 13, 2025

This analogy, of course, will really hit close to home with those who have children… Have you ever found your child, abnormally quiet, unusually polite, offering a forced smile, saying, “Everything’s fine! You know those houses that are listed for sale five times, by three agents, over fourteen months?

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Inspection Purchase and sale agreement Closing Agents 96

Housing Wire

DECEMBER 8, 2023

Includes current issues and trends in AZ real estate & property inspection issues CE Sales Package #1 with Ethics: 12 of the 24 required hrs of coursework (9 mandatory & 3 general hrs). Student Support: Support is available seven days a week via chat, email, and phone/ When you have questions, we have answers.

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HR Purchase and sale agreement Pre-approval Staging 434

HomeLight

MARCH 27, 2024

You’ve even signed a purchase contract. But what happens if the seller decides to back out of the sale? If you’ve found yourself in this situation, or you’re just mentally preparing for a worst-case scenario, it’s fair to ask: Can a buyer sue a seller for backing out of a home sale? What is a home purchase agreement?

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Purchase and sale agreement Sales Inspection Closing 115

HomeLight

MAY 24, 2022

If you only pay cash for the down payment, and take out a mortgage for the remainder of the purchase price, it keeps more money in your pocket. Sellers tend to prefer all-cash offers because those deals close more quickly. He estimates that on a $200,000 house, you could save between $5,000 and $6,000 in closing costs.

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Purchase and sale agreement Closing Title search Title 111

HomeLight

APRIL 19, 2022

Gone are the days where a simple handshake could solidify a working agreement between a buyer and their real estate agent. Instead of a handshake, buyer’s agents are presenting homebuyers with a document called a “buyer broker agreement” — and you might not know what that is! Buyer-broker agreements, explained.

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Purchase and sale agreement Agents Inspection Brokerage 111

HomeLight

JUNE 9, 2023

A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. If you refuse and you can’t come to an agreement, they’re free to walk away.

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Home sale contingency Inspection contingency Purchase and sale agreement Inspection 145

Lighter Side of Real Estate

MARCH 5, 2025

From there, its smooth sailing to closing dayno hiccups, no surprises, no second-guessing from the buyer. Contract Cancellations Are on the Rise According to recent data , more home sales are being canceled than in previous years. In January alone, over 41,000 home-purchase agreements fell through, representing 14.3%

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Purchase and sale agreement Pre-qualification Pre-approval Inspection 78

Toronto Realty Blog

NOVEMBER 13, 2023

Peter tells John, “I wanted to let you know that I am going to list the condo for sale.” The property is listed for sale and ends up selling after about three weeks. Bob the Buyer is a young man who is purchasing his first home, and is excited to move into the condo in the fall.

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Purchase and sale agreement Residential Closing Pre-approval 111

Redfin

MARCH 7, 2025

When buying or selling a home, the home inspection process plays a pivotal role in determining the condition of the property. One of the most common questions that come up during this phase is: who pays for the home inspection? What is a home inspection? A home inspection is a thorough evaluation of a propertys condition.

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Inspection Inspection contingency Earnest money deposit Purchase and sale agreement 39

HomeLight

OCTOBER 13, 2021

You’ve made it through the most challenging part of the homebuying process , and closing day is finally approaching. As you count down the days until you’re sitting across that big table with a pen in your hand, ready to sign all of those closing documents for buyers, you might want to reel in your excitement. Closing Disclosure.

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The Close

NOVEMBER 7, 2024

While The Close likes to keep our articles short, this topic needs a bit more explanation, but trust us, it will be worth your while. Have a clear investment strategy and long-term goals before purchasing. Next, draft an operating agreement that outlines your company’s purpose, structure, and governance.

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Hard money loan Purchase and sale agreement Investor Due diligence 98

HomeLight

APRIL 14, 2023

But even though the monthly mortgage payments fit into your budget, you’re concerned about coming up with enough cash for a myriad of closing costs in addition to the down payment. Find a Buyer's Agent What are closing costs? Although the down payment is not part of your closing costs, it is typically due at the same time.

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Closing costs Closing Purchase and sale agreement Title 105

HomeLight

JULY 12, 2024

You can then make a strong offer on your next home with no home sale contingency. This ensures that both the buyer and the seller fulfill their respective obligations before the sale is finalized. During the escrow period, several key activities take place to ensure the home sale stays on track.

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Purchase and sale agreement Earnest money deposit Home sale contingency Title search 111

HomeLight

MARCH 20, 2023

That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency? Thus, the purchase agreement is “contingent” on the sale of the buyer’s existing home.

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 105

Toronto Realty Blog

NOVEMBER 14, 2024

If a property sold for $2,000,000 but there was $100,000 worth of chattels included, then we would want the historical MLS to reflect this so we can continue to accurately evaluate properties via “comparable sales.” How about this one: This looks like the seller inspecting a new condo during a PDI. As it should be.

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Toronto Realty Blog

AUGUST 2, 2023

TorontoRealtyBlog In my life, I have sold and closed on two properties that were a “primary residence,” and both times, I decided to welcome the new buyer with a kind gesture. On Monday, we talked about the nonsense that buyers often have to go through upon closing. That takes a special type of a **e to pull that off.

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Closing Sales Purchase and sale agreement Agents 98

HomeLight

APRIL 9, 2025

A cash sale can be a great solution when you dont have the time, money, or desire to make repairs. Sell Your House Fast in Vero Beach With a Cash Offer Get an all-cash, no-obligation offer through HomeLights Simple Sale platform whenever youre ready. Receive your offer in 24 hours and close in as few as 10 days.

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Purchase and sale agreement Inspection Closing Sales 52

Realty Biz

JANUARY 19, 2024

From three decades working as a Realtor, there are common denominators for first-time home buyers going through the purchase process with ease. This includes understanding the terminology, legal aspects, and financial considerations of purchasing a property. Take a close look at your income, expenses, and existing debts.

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Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

Realty Biz

DECEMBER 15, 2022

These days, having a neutral third party to make sure everyone is satisfied with the sale and purchase can give both buyer and seller more peace of mind. . Many home buyers and sellers know that escrow is a financial arrangement with a third party who holds money or other property until the terms of the sale are complete.

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Purchase and sale agreement Inspection Title Finance 127

HomeLight

MAY 28, 2024

Sell Your House Fast in Peters Township With a Cash Offer Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Receive your offer in 24 hours and close in as few as 10 days. Schedule an inspection: Set up a time for the company to visit your property and assess its condition.

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Purchase and sale agreement Inspection Closing Sales 115

HomeLight

MAY 29, 2024

If you’re a homeowner in Reading facing the need for a fast home sale, you might be considering a house-buying company. Sell Your House Fast in Reading, PA With a Cash Offer Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. No showings, no repairs, no open houses.

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Purchase and sale agreement Inspection Sales Closing 116

HomeLight

DECEMBER 13, 2021

Should you get an asbestos home inspection to find out more? There have also been standards established for inspecting and removing asbestos in schools. When should you get an asbestos inspection? If you’re selling your home, talk to your real estate agent about whether an asbestos home inspection is warranted for your property.

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Inspection Purchase and sale agreement Renovation As-is 110