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.

Purchase and sale agreement

Toronto Realty Blog

JANUARY 16, 2025

This story brings us back to last summer when a client of mine purchased a small west-side home and, upon closing, the listing agent had some very interesting ideas about how to go about making up his financial loss on the property. But two days before closing, Ron emailed me an Amendment and it was bizarre. ” Oh.

Closing

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

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.

Closing costs

The Living Room

JUNE 6, 2025

Possession on the Closing Date The most straightforward scenario is when your possession date matches the closing date. Once your name registers with the title, you officially own the home and can start moving in immediately. This scenario is ideal for many buyers because it allows you to move in as soon as the deal closes.

Title

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

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

JUNE 24, 2025

Closing on a home? These closing documents finalize the real estate transaction, and they can be overwhelming, even if you’re a seasoned homebuyer. In this article: What are closing documents? Closing documents are the set of legal forms that you and the seller sign during the closing process.

Closing

Redfin

JUNE 30, 2025

When it comes to whether or not a seller has to be present at closing, the short answer is no. When selling a home, the seller can often close remotely or through a representative. That said, laws and practices vary slightly by state, so it depends on how the title company, attorney, or escrow agent handles closings.

Closing

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. This contingency protects buyers from being contractually obligated to purchase a home they can no longer afford to finance.

Purchase and sale agreement

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

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

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

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.” I don’t care if the Prince of Persia lists his house for sale on MLS; nobody gets to remain anonymous.

MLS

Redfin

JULY 10, 2025

After offer acceptance At the start of the due diligence period Purpose Shows buyer commitment and secures the contract Compensates seller for taking property off the market Applied to purchase? Credited toward the purchase price at closing Credited toward the purchase price if sale closes Fee amount 1-3% of the purchase price Often 0.1%

Due diligence

HomeLight

JANUARY 9, 2025

Sell Your House Fast in Winter Haven 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. Sign the agreement: If you accept the offer, youll sign a purchase agreement to finalize the terms of the sale.

Purchase and sale agreement

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. If the appraisal is lower than the purchase price, it can lead to renegotiation or an appraisal gap issue.

Due diligence

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. Moving in or storing belongings early without a formal written agreement.

Earnest money deposit

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

Redfin

AUGUST 5, 2025

Conveyance is when the property you’ve worked tirelessly to purchase becomes yours, and you’re transferred the deed and title. The transaction is completed using an instrument of conveyance, usually a legal document such as a title , deed or lease. Once the property is conveyed during the closing process , it’s yours.

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

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 Does a Real Estate Lawyer Do? These documents include purchase agreements, deeds, titles, lease agreements, and financing contracts.

Purchase and sale agreement

HomeLight

MAY 8, 2025

The Federal Trade Commission defines transfer taxes as a state or local tax payable when title to property passes from one owner to another. When you transfer the title of your home your legal right to own the property to someone else, the government charges a tax on this exchange. for every thousand dollars of the purchase price.

Purchase and sale agreement

HomeLight

DECEMBER 17, 2024

Whether you’re facing an unexpected situation such as job relocation, financial urgency such as a pending foreclosure, or just want to move on quickly, a cash sale can provide the speed and simplicity you need. Many sellers close in as little as a week. Receive your offer in 24 hours and close in as few as 10 days.

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

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

The commission is typically divided equally between the buyer’s and seller’s agents, based on a percentage of the sale price. While technically, the seller pays the commission; it is indirectly included in the property’s sale price, which means the buyer contributes to it.

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. When is earnest money refundable?

Earnest money deposit

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

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

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? Are they negotiable?

Seller concession

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

Redfin

JUNE 18, 2025

Whether you’re purchasing a brownstone in Brooklyn, NY , or selling a ranch-style home in Tucson, AZ , understanding how transfer taxes work can help you avoid unexpected costs and negotiate smarter. Transfer taxes are usually charged at the state, county, or municipal level, and are based on the property’s sale price or assessed value.

Purchase and sale agreement

AAOA

MAY 22, 2025

Understanding What Youre Really Buying When youre buying an apartment building , youre not just purchasing property, youre acquiring a business. Start with a Letter of Intent (LOI) outlining your terms, then proceed to a formal Purchase and Sale Agreement (PSA) once its accepted.

Due diligence

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 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