HomeLight

JANUARY 31, 2024

You can then make a strong offer on your next home with no home sale contingency. In real estate, when a house is listed as “ contingent ,” it means the sale of the property is conditional upon certain criteria being met. Inspection contingency: This gives the buyer the right to have the property inspected within a certain timeframe.

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Purchase and sale agreement Inspection contingency Home sale contingency Inspection 115

HomeLight

OCTOBER 26, 2021

But before going full steam ahead with the purchase, it’s in your best interest to know the house is safe, structurally sound, and that major systems are functioning properly before closing the deal. The home inspection is a buyer’s single best opportunity to assess a home’s condition. But what’s most important in a home inspection?

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Realtor.com

OCTOBER 15, 2020

fstop123/Getty Images Few things are as exciting as purchasing a newly constructed home. There are a lot of factors that could make a brand-new home a less than ideal purchase. Outlaw warns that purchasing a cheap build in a nice neighborhood will have ramifications—like costly repairs—further down the line. ” 4.

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New Construction Construction Purchase and sale agreement Design 138

Realtor.com

JANUARY 12, 2021

When is a sale a sale? It is absolutely critical that, as a seller, you understand the purchase agreement and any counteroffers you sign. “Read the agreements to find out if you have any outs in the contract,” says Meyers. Then it happens—another offer comes in, and a better one at that.

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Backup offer Purchase and sale agreement Due diligence Inspection 115

HomeLight

JANUARY 18, 2024

There is a chance that you’ll come across the “time is of the essence clause” in your purchase agreement. A TIOTE clause in your purchase contract means that all the deadlines specified, from the inspection period to the closing date, are not just guidelines but firm commitments. Does it need to be there?

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Purchase and sale agreement Inspection Closing Staging 111

HomeLight

JULY 30, 2021

We’ve researched the ins and outs of rent-to-own homes , as well as talking to experienced real estate agents about how a renter and landlord can enter into such an agreement, the pros and cons of doing so, and just what it means for you as a buyer if you decide to rent-to-own. Lease-option agreements. Lease-purchase agreements.

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Purchase and sale agreement Debt-to-income ratio Pre-qualification Inspection 98

HomeLight

MARCH 31, 2022

But one of the most influential bargaining tools is eliminating contingency clauses, especially the seller contingency clause, also known as the home sale contingency. The financing approval and the inspection contingency are first-level contingencies,” Ballenger explained. “The Why would you want a home sale contingency?

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Home sale contingency Sales Purchase and sale agreement Inspection contingency 104

HomeLight

AUGUST 31, 2021

But what if a portion of your rent were going toward purchasing your rental home at a later date? Rent-to-own basics: Crediting rent toward a future purchase. A rent-to-own deal means you can start paying toward a home purchase even if you can’t technically qualify for a mortgage yet. Source: ( Shopify Partners / Burst ).

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Purchase and sale agreement Due diligence Closing costs Mortgages 124

The Close

SEPTEMBER 19, 2024

These negotiation strategies are vital elements of real estate transactions and often determine the success or failure of a property sale. This guide is designed to provide essential knowledge and tips for answering the question, “What is a counter offer in real estate?”

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Purchase and sale agreement Agents Inspection Home sale contingency 97

Marco Santarelli

NOVEMBER 23, 2024

Conducting due diligence is essential before committing to a purchase. This includes reviewing property inspections, understanding the zoning regulations, and exploring the potential risks and rewards associated with each property. Cons: Time-consuming: It can take time to accumulate enough profits to purchase another property.

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Hard money loan Purchase and sale agreement Due diligence Renovation 52

HomeLight

AUGUST 16, 2022

That’s right, it’s a “For Sale By Owner” property, meaning that the owner is selling the property without the help of a listing agent. A FSBO is a home that is for sale by owner, meaning a real estate agent, also known as a listing agent, is not representing the seller in selling their home. Your potential dream home is FSBO.

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Purchase and sale agreement Agents Inspection Title 111

HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado.

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Purchase and sale agreement Inspection Inspection contingency MLS 115

Redfin

OCTOBER 23, 2023

As the real estate market in Oregon’s largest city continues to flourish, prospective homeowners need to understand the critical importance of home inspections in their buying journey. Why is a home inspection important in Portland, Oregon? Roof leaks, mold, and wood rot are common issues, detectable in a pre-purchase inspection.

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Inspection Pre-qualification Purchase and sale agreement Construction 63

The Close

JUNE 4, 2024

Once a listing agreement is signed, you are responsible for listing the home for sale. Once a rate is agreed upon, both parties sign the listing agreement, which also acts as the compensation agreement. Buyer’s Agent The buyer’s agent helps potential homebuyers find a property to purchase.

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Agents Purchase and sale agreement Commercial Title 98

HomeLight

NOVEMBER 29, 2021

According to the National Association of Realtors® (NAR) 2020 Profile of Home Buyers and Sellers, 8% of homeowners opted to sell for sale by owner , or FSBO. It takes more than a for sale sign staked to your front lawn to sell a home without an experienced agent. Prepare your home for sale. Source: (Kelly Sikkema / Unsplash).

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Purchase and sale agreement MLS Inspection Agents 98

HomeLight

MARCH 15, 2024

It’s designed to help ensure your home sale or purchase is done with ethics, transparency, and trust. It’s a type of under-the-table agreement where one party receives something of value, usually money or a gift, in return for influencing a transaction or decision-making process.

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Purchase and sale agreement Inspection Title Agents 111

HomeLight

MAY 19, 2022

We also have additional insights from Graham Alexander, Solar Sales and Design Manager at Southern Energy Management in Raleigh, North Carolina, who has 17 years of experience in the solar industry. Before having solar panels installed, your roof should be inspected to see if it’s in good repair.

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Purchase and sale agreement Debt-to-income ratio Finance Loans 122

Redfin

MARCH 4, 2025

Mold or mildew problems Presence of asbestos or other harmful materials As a result, agreeing to purchase a property as-is is a serious decision for any buyer. While technically not adhering to the legal definition of as-is, this is permissible as long as the parties are in agreement. What does as-is, where-is mean in a listing?

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As-is Due diligence Purchase and sale agreement Inspection 31

HomeLight

NOVEMBER 29, 2021

A down payment is money that a buyer will pay at closing, usually expressed as a percentage of the home’s total purchase price. These loans are designed for low-to-moderate-income borrowers. An earnest money deposit (EMD) can range anywhere between $500 and up to 10% of the purchase price in a competitive market.

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Earnest money deposit FHA loan Purchase and sale agreement Inspection 110

Realty Biz

JULY 1, 2023

Escrow acts as a neutral third party that holds funds and documents until all conditions of the home purchase are met. Step 1: Initiating the Transaction Learning about escrow and initiating the process is an important step that occurs once the buyer and seller have agreed upon the terms of the home purchase.

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Purchase and sale agreement Earnest money deposit Title search Pre-approval 77

HomeLight

JUNE 28, 2022

In this article, we explain the roles agents play in your home sale or purchase, their required level of experience, and the services they provide in your home sale or purchase. The buyer’s agent helps a buyer locate and purchase a home, negotiating the best deal for their client. Don’t break the law.

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Purchase and sale agreement Agents Brokerage Backup offer 110

HomeLight

FEBRUARY 4, 2022

If you haven’t purchased a home before, you probably have lots of questions about the process. Source: (LinkedIn Sales Solutions / Unsplash). Work with you to write a compelling purchase offer. Guide you through the steps of due diligence and inspections. An agent is your advocate. And lots more! Is the price right?

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Agents Purchase and sale agreement Due diligence Inspection 115

HomeLight

OCTOBER 20, 2022

If you’re considering selling your New Jersey home, you’ve probably wondered what kind of disclosure forms the Garden state requires and how much you need to know about the specifics of your home to successfully close a sale. If intentional omissions come to light during inspection or appraisal , they can jeopardize a closing.

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Purchase and sale agreement Inspection Construction Land 111

HomeLight

JULY 13, 2023

Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Request Offer Why you might need to sell your Delaware house fast As a homeowner in Delaware, you may find yourself needing to expedite the sale of your house for a number of reasons. With Simple Sale, you hold the reins.

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Purchase and sale agreement Sales Inspection Closing 97

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in North Carolina. “As is” is a type of home sale where it’s understood that no improvements will be made to the property. Sell 'As Is' With a Cash Offer. Request Cash Offer. Disclosures.

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As-is Purchase and sale agreement VA loan Inspection 112

HomeLight

AUGUST 31, 2021

We talked to agents, builders, and other top industry experts to develop this guide that’ll help you make the most out of working with an agent on your new-home purchase and to find out what they can do for you. They’ll be able to tell you if you’re getting ripped off on the sale price or if a builder overcharges you on granite countertops.

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Agents New Construction Purchase and sale agreement Construction 128

The Close

DECEMBER 9, 2022

Miltiadis Kastanis, sales associate , Douglas Elliman in Miami. Start by noting that the typical house purchase is a very tight deal: Once the seller commits to a particular buyer, the seller can’t (legally) sell the house to someone else, even if offered a substantially higher price. Download Your Free PDF. It scares people.

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Purchase and sale agreement Inspection Agents Closing 122

HomeLight

JULY 27, 2021

Regardless of whether an individual’s professional designation is a licensed real estate agent or a Realtor® (a Realtor® is a licensed agent who is a member of the National Association of Realtors ), most agents are paid through commissions, which are a percentage of a home’s sales price. Attend home inspections.

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Purchase and sale agreement MLS Agents Brokerage 111

Toronto Realty Blog

MARCH 30, 2022

Did you enjoy the post about home inspections on Monday, or did you want to want to get political, yet again? Well, if you’ve ever bought pre-construction in the province of Ontario, you would have already experienced the government-mandated 10-day cooling-off period that affects such sales. TorontoRealtyBlog.

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Purchase and sale agreement Inspection Finance Construction 98

HomeLight

FEBRUARY 9, 2023

If you’re preparing to sell a house in the state of New York , it’s important to understand what you’re required to disclose, what must be fixed or addressed before listing, and how disclosure laws could impact or impede the sale process. When buyers waive inspections, they are less aware of defects with properties.

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Purchase and sale agreement Inspection Residential Agents 105

HomeLight

JULY 6, 2022

In 2021, 32 percent of all home purchases were made with cash. If you need to sell your home in a matter of days, not months, HomeLight can provide you with an all-cash offer through our online Simple Sale platform. It’s quick, easy, and can reduce the stress of a home sale. And for buyers? Request Offer.

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Purchase and sale agreement Agents Finance Inspection 110

HomeLight

AUGUST 27, 2021

But buyers are often stuck with a nagging feeling that something just isn’t right after they complete their purchase. According to a homebuyer survey from Bankrate, 64% of homebuyers aged 25 to 40 have regrets about their home purchases. Homebuyer’s remorse is typically a feeling of regret you have after you purchase a home.

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Purchase and sale agreement Inspection Closing costs Inspection contingency 97

HomeLight

MARCH 23, 2021

According to the National Association of Realtors®, 88% of homebuyers purchased their home in 2020 through a real estate agent , and for good reason. Many designations are affiliated with the NAR, and an agent must complete coursework and sometimes an exam to receive the title. there are over 1.4 million Realtors®.

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Agents Purchase and sale agreement Inspection Inspection contingency 105

HomeLight

MARCH 31, 2022

Selling a home costs money, and you’ve got to factor in all the costs to get an accurate estimate of what your take-home amount will be once the sale is complete. Enter the seller’s net sheet, a document that estimates how much cash you can expect to walk away with after subtracting fees and expenses from the sale price of your home.

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Closing Purchase and sale agreement Title Title search 105

HomeLight

SEPTEMBER 1, 2022

Before you start looking for homes in Florida, you want to determine if you’re ready to purchase one. Homebuyers in Florida pay an average of approximately 2.58% of the home’s purchase price in closing costs when purchasing a home. Saving for your down payment. The median home price in Florida is $415,762 as of July, 2022.

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Earnest money deposit FHA loan Title Purchase and sale agreement 106

HomeLight

FEBRUARY 27, 2023

But when it’s an estate sale, emotions can run even higher. He is the broker and owner of Proof Real Estate in San Francisco, California where he specializes in estate sales. On today’s episode, we’re gonna talk about Craig’s five-step formula for estate sale listing success.

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Sales Staging Purchase and sale agreement Inspection 81

Redfin

JANUARY 28, 2025

Instead of applying for a new home loan with todays mortgage rates and terms, the buyer steps into the seller’s position as the borrower and continues making payments under the original loan agreement. This is typically reflected in the sale price of the property.

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Loans Mortgages VA loan Purchase and sale agreement 31