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.

Purchase and sale agreement

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.

Hard money loan

Redfin

JULY 15, 2025

The reality check of the home inspection can be a decisive point in the homebuying process—it’s when hidden issues come to light that can make or break whether or not a home is still the right choice. If you’re wondering how long buyers have to respond after the inspection report comes in, you’re not alone.

Inspection

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles What Should a Buyer Look For at a Home Inspection? There are numerous reasons to have an inspection. How close are trees to the home? Do the light switches work?

Inspection

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.

Purchase and sale agreement

Redfin

AUGUST 6, 2025

In real estate, “in escrow” refers to a specific phase of the homebuying process when a neutral third party temporarily holds important funds and documents while the buyer and seller work toward finalizing the sale. At this stage, the transaction has officially entered the closing process. When does escrow start?

Earnest money deposit

Redfin

JULY 23, 2025

Wondering if a seller is responsible for issues found after closing a sale? The short answer is – no, the seller is not responsible for repairs after closing unless otherwise stated in the purchase agreement or if they failed to disclose a known issue. What happens to repair responsibilities after closing?

Closing

Redfin

JUNE 5, 2025

The absence of mortgage payments, the speed of closing, and the strong appeal to sellers are undeniable benefits. Many cash buyers assume that by sidestepping a home loan, they also bypass the complex array of fees associated with closing. home purchases were made in cash in 2024. This is a vital safeguard for your investment.

Closing costs

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.

Closing

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.

MLS

Redfin

JULY 10, 2025

Earnest money is a refundable deposit held in escrow to show your serious intent to buy, while due diligence fees are usually non-refundable payments made directly to the seller to secure time for inspections and evaluations. of the purchase price, negotiated between the buyer and seller What is earnest money? Is it refundable?

Due diligence

Redfin

JUNE 11, 2025

In real estate, contingencies are conditions included in a purchase agreement that must be met for the transaction to move forward. Home inspection contingency This is one of the most frequently used contingencies in real estate. Reasons for denial can include credit issues, job changes, or changes in loan terms.

Purchase and sale agreement

Redfin

JUNE 27, 2025

Don’t skip critical steps like the home inspection or negotiating closing costs. These can greatly affect both the quality of your purchase and your bottom-line expense. Whether you’re purchasing your first home in Phoenix, AZ or in Trenton, NJ , here’s what you need to know before starting the homebuying process.

Pre-approval

Redfin

JULY 21, 2025

Many buyers find themselves wondering, can you back out of buying a house before closing? Key takeaways: Buyers can back out before closing, but there may be financial or legal consequences. The best and least complicated time to walk away from a home purchase is before signing the purchase agreement.

Earnest money deposit

Redfin

JULY 14, 2025

It’s designed to show the seller they’re serious about the purchase and typically ranges from 1% to 3% of the purchase price. The money is held in escrow and is typically applied towards the buyer’s closing costs or down payment. Performing unauthorized inspections or repairs.

Earnest money deposit

Redfin

JUNE 23, 2025

In real estate, the due diligence period is the time between an accepted offer and closing. You can schedule inspections, review the title, secure an appraisal, and check for any red flags that could affect your decision to buy. This timeframe grants the buyer permission to thoroughly inspect the property.

Due diligence

Redfin

JUNE 17, 2025

Selling a house can be a long process, and it makes sense that the seller would want to know when the seller gets money after closing – especially if those funds are being used to purchase a new home. In this Redfin article, explore what to expect during the closing process and when the seller can expect to receive their funds.

Closing

Redfin

JULY 2, 2025

Imagine this: A home seller has agreed to the offer and the closing date is approaching. Suddenly, the seller decides to back out before closing. Can a seller back out of a sale before closing? Yes, a seller can back out of a home sale, but only with a valid legal or contractual reason. Can that actually happen?

Purchase and sale agreement

Redfin

MARCH 4, 2025

15 documents to have before listing your home Collect paperwork that highlights your homes selling points for an accurate pricing strategy, additional documentation to pass on to the new owners and other real estate forms required for the sale. Particularly youll need the original purchase agreement and deed.

Purchase and sale agreement

Redfin

JULY 17, 2025

However, the IRS may scrutinize the sale, especially if it’s below market value. To avoid tax issues, document the sale properly, follow fair market pricing, and treat the process like a typical real estate transaction. This ensures the sale is priced appropriately and helps prevent tax issues related to under-market transfers.

Purchase and sale agreement

Redfin

JULY 9, 2025

Between setting a budget, getting pre-approved, and closing the deal, getting everything squared away can make all the difference. Whether you’re purchasing your first home or need a refresher, understanding each step in the home buying process timeline can help you avoid surprises and feel more confident along the way.

Pre-approval

Redfin

JULY 30, 2025

Key takeaways: A cash offer on a house means the buyer pays the full purchase price upfront without relying on mortgage financing. A cash offer simply refers to a situation where a buyer pays the entire purchase price upfront, without using a mortgage or other loan. What is a cash offer?

Purchase and sale agreement

HomeLight

JULY 23, 2025

Real estate attorneys are considered essential for closing in the state of South Carolina. An as-is home sale means the seller isn’t planning to make repairs or offer credits for issues the buyer might find. An as-is home sale means the seller isn’t planning to make repairs or offer credits for issues the buyer might find.

As-is

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%

Purchase and sale agreement

Redfin

JULY 16, 2025

Key takeaway: Once a home is under contract, the seller is legally bound to the agreement and cannot accept another offer – unless specific clauses or contingencies allow it. Once both parties have signed a legally binding purchase agreement , the seller is obligated to uphold its terms. Generally, no.

Backup offer

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles Earnest Money and House Deposits Explained Kyle Hiscock Kyle Hiscock | Greater Rochester NY Real Estate | Pittsford NY Realtor at RE/MAX Realty Group Have questions about buying or selling a home?

Earnest money deposit

Redfin

JULY 3, 2025

From lease agreements to tenant communication, there are key factors to consider if you’re planning to sell an occupied unit. If your property has tenants, you can still list it and complete a sale. If your tenant is on a month-to-month agreement, you may have more flexibility. Can you sell a rental property with tenants?

Purchase and sale agreement

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles How to Buy a House in New York Kyle Hiscock Kyle Hiscock | Greater Rochester NY Real Estate | Pittsford NY Realtor at RE/MAX Realty Group Have questions about buying or selling a home?

Purchase and sale agreement

Redfin

AUGUST 6, 2025

Amongst all the excitement and anticipation that comes with buying a home, it’s important to keep a realistic timeline of just how long it takes to purchase a house. However, in most cases, once a seller has accepted your offer, the closing process typically takes 30 to 60 days – unless you made an all-cash offer.

Pre-approval

Rochester Real Estate

NOVEMBER 5, 2015

Your Housing Budget The purchase price of the home shouldn’t be your only consideration. But if you have a down payment of 20% or more of the purchase price, you can avoid expenses like private mortgage insurance and should benefit from a lower interest rate. (585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P.

Purchase and sale agreement

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.

Inspection

Rochester Real Estate

NOVEMBER 5, 2015

Here are the top frequently asked questions that home sellers ask before listing a home for sale, questions relating to home value & pricing, questions relating to contracts, and questions relating to purchase offers. Frequently Asked Questions Before Listing Their Home For Sale When is the best time to sell my home?

Purchase and sale agreement

Redfin

JULY 11, 2025

This good-faith payment, typically 1% to 3% of the purchase price, is held in escrow and applied to your down payment or closing costs if the sale goes through. That means if the sale is completed, the money is not refunded – it’s credited toward what you owe.

Earnest money deposit

Redfin

JUNE 27, 2025

Seller concessions refer to closing costs or other fees that the seller agrees to pay on the buyer’s behalf. These concessions are negotiated during the offer process and help make the purchase more affordable for the buyer, without reducing the home’s sale price. What can seller concessions cover?

Seller concession

Redfin

JULY 31, 2025

They cover topics like budgeting, building credit, mortgage options, house hunting, and closing. State and local programs: Cities and states may offer down payment assistance, forgivable loans, or closing cost help. Avoid new credit: Don’t open new credit accounts or make large purchases before applying for a mortgage.

Purchase and sale agreement

Redfin

JULY 1, 2025

A seller’s credit, also known as a seller concession, is a financial agreement where the home seller agrees to cover some of the buyer’s closing costs. Rather than lowering the price of the home, the seller contributes a credit at closing to help reduce the buyer’s upfront expenses. What is a seller’s credit?

Purchase and sale agreement

HomeLight

MAY 23, 2025

Whether you’re moving out of state, relocating to the suburbs, or simply looking to downsize, you are likely aiming for a seamless, straightforward sale while maximizing your proceeds. As you plan, understanding the potential costs associated with selling your New Mexico home is key to avoiding surprises at the closing table.

Purchase and sale agreement