Realtor.com

SEPTEMBER 18, 2020

Even in the midsize town in northern Alabama where we wanted to buy, the real estate market was nuts. If you’re in a hot real estate market where homes are getting multiple offers, there might be a temptation to skip an inspection when you really want the house. But waiving a home inspection comes with sizable risks.

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Inspection Earnest money deposit Inspection contingency New Construction 145

RIS Media

MAY 19, 2021

Doing so could mean the forfeiture of their earnest money deposit. Lenders aren’t going to provide money for a property that the buyer’s offer has overvalued. To ensure that they aren’t lending more than the home is really worth, they will use a home appraiser to find the fair market value.

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Purchase and sale agreement Earnest money deposit Inspection contingency Home sale contingency 98

HomeLight

OCTOBER 17, 2022

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. If the buyer isn’t satisfied with the deal, then they may back out and receive a refund of their earnest money deposit. Find Agent.

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Purchase and sale agreement Due diligence Earnest money deposit Inspection 92

HomeLight

JUNE 13, 2022

Our Summer 2022 Top Agent Insights Survey is out now, and it shows how the real estate market is changing. is not what the housing market is going through. You’ll hear them share stories of what’s happening in their markets. My guests are seeing and experiencing many of those things in their markets.

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Marketing Agents Equity Earnest money deposit 73

Redfin

JUNE 21, 2023

Learning from experienced investors can vastly build your understanding of how it works, beginning with market research and ending with either the sale or signing a tenant in your new rental. You should identify a knowledgeable real estate agent who understands the local market and can help you identify promising investment opportunities.

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Due diligence Earnest money deposit Investor Inspection 58

Redfin

MAY 26, 2021

It also benefits the seller in case the buyer pulls out of the deal without a contractual basis to do so, in which case the seller would get to keep the earnest money deposit. . The typical home sale contract requires a marketable title that has no encumbrances. How does escrow work during the home buying process?

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Purchase and sale agreement Title Earnest money deposit Loans 76

HomeLight

AUGUST 11, 2023

A real estate purchase offer typically includes the following items: A description of the property and its condition What fixtures and appliances are included (or not) The amount of the earnest money deposit The prospective closing date Terms of possession Any contingencies that must be met before the sale is finalized.

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Purchase and sale agreement Earnest money deposit Residential New Construction 84

The Residential Specialist

AUGUST 31, 2023

It may have to do with not wanting to uproot kids before the end of a school year, having to be in a location for a new job, waiting on new construction to be completed or just having found the perfect house and not wanting to risk losing it. I say let’s put your home on the market. Just popping it into savings or investments.”

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Earnest money deposit Debt-to-income ratio New Construction Equity 98

HomeLight

MARCH 6, 2023

The benefit of owning a house far outweighs what might be considered a higher interest rate in the current market.” He explains that owning a house is the most constructive and easiest way to build wealth, and even if you pay more now, you are still building equity, and will likely enjoy significant tax benefits.

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Closing Earnest money deposit Sales Title 87

HomeLight

AUGUST 9, 2022

Otherwise, earnest money will be held in an escrow account until closing, and the amount is then applied toward your down payment at closing. Larsen cautions that if you’re buying a new construction home, you will likely be expected to pay a much larger percentage of earnest money. The remaining down payment.

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Earnest money deposit VA loan Purchase and sale agreement FHA loan 94

HomeLight

SEPTEMBER 1, 2022

Research the market and determine where you would like to buy. As far as home styles go, new construction is trending toward a country style, says Raymer. With the shifts in the market, there’s more room for negotiation, but you still need to make a reasonable offer. These loans also offer 0% down for qualified borrowers.

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Earnest money deposit FHA loan Purchase and sale agreement Title 76

HomeLight

OCTOBER 15, 2020

Georgia real estate contracts include a due diligence period, typically lasting between 10 and 14 days, so if you’re worried about losing out on a house in a hot market, you can make an offer and take your test drive during due diligence. Many of the houses built in the late 1990s have been updated, and there is some new construction.

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Due diligence Earnest money deposit Marketing Inspection 85

HomeLight

OCTOBER 1, 2020

He knew the market and what the home could capture in terms of sales price once it had been fixed up. Know thyself” particularly applies when buying in the foreclosure market. As well, Fannie Mae was only giving them two days to overnight mail the earnest money deposit. A quick flip. An unexpected buy.

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Purchase and sale agreement Banks Earnest money deposit Equity 55

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. There is always a chance a sale might not go through, especially in today’s wild interest rate market. It’s often presented as a percentage of the fair market value.

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Purchase and sale agreement Title Proof of funds Pre-approval 98