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How to Read a Settlement Statement When Selling a Home

HomeLight

However, the settlement form developed by the trade group ALTA (American Land Title Association) is widely used across the nation for real estate transactions. What is an excess deposit, and who will receive the funds listed on that line? Let’s say the buyer put down a $7,000 earnest money deposit on a $100,000 home.

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Your Ultimate Guide to Buying a Home in Connecticut in 14 Steps

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SmartMove Connecticut : Connecticut’s Housing Development Fund (HDF) SmartMove program allows first-time homebuyers the opportunity to purchase a home with as little as 1.0% Earnest money deposit amount. Send your earnest money deposit. Like many regions across the U.S., Closing date. Home warranty.

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Big-City Convenience with Small-Town Charm: How to Buy a House in Arlington

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Part of the original land designation for the nation’s capital, today Arlington operates as one of the smallest counties in the country with no cities. You’ll need to crunch the numbers to develop a realistic budget for Arlington’s housing market. . Others are leaving Washington, D.C., Source: (Kayla Follin / Unsplash).

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Real Estate Investing for Beginners: Expert Tips for Buying Your First Investment Property

Redfin

Scott Jones, the economic development director for the city of Manor, Texas , proudly showcases his community as a shining example of a location’s potential. Manor either has or is working to have it all as we speak,” says Jones. Manor is only minutes away from everything Central Texas offers.

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Get Your Own Slice of the Big Apple: Buying a House in Manhattan

HomeLight

“A lot of times, it’s not unusual for a homebuyer to submit an offer, and they’re being asked to wire over 10% within a week” for an earnest money deposit. The lay of the land in Manhattan. Source: (Steve Strang / Unsplash). Where to start looking for a home in a borough that has over 50 historic neighborhoods ?

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Buying a House in Atlanta? Be Ready for Hot Summers and Hot Market

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Many communities in Atlanta, especially in the suburbs, are subdivisions or planned unit developments. Get the lay of the land in Atlanta. But if you change your mind after the due diligence period is over, you could lose your earnest money deposit.). Source: (I Do Nothing But Love / Unsplash).

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23 Hidden Costs of Buying a Home

HomeLight

When you buy a home, you might be expecting certain costs, such as the down payment and earnest money deposit — but there could also be hidden costs that first-time homebuyers especially may not anticipate. and 1% of the purchase price , according to the American Land Title Association. Property taxes.

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