Remove Development Remove Earnest money deposit Remove Title
article thumbnail

How Much Money Do I Need to Buy a House?

Redfin

Here are the key expenses: Earnest money deposit Down payment Closing costs Prepaid costs (taxes, insurance, interest) Moving costs Mortgage payments Mortgage insurance (if applicable) HOA fees (if applicable) Well use the median U.S. Earnest money deposit Earnest money is paid after a seller accepts your offer on a house.

article thumbnail

What is Due Diligence in Real Estate?

Redfin

You can schedule inspections, review the title, secure an appraisal, and check for any red flags that could affect your decision to buy. In some states, buyers may also pay due diligence money—a non-refundable fee paid directly to the seller in exchange for this inspection window. >> Read: What is a Home Appraisal?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

23 Common First-Time Homebuyer Questions: Your Questions Answered

Redfin

It covers a variety of fees like lender and title fees, property taxes, home inspection, and homeowners insurance, to name a few. Your agent will help you draft a formal offer letter that includes your name, address, price, any contingencies, earnest money deposit, and a deadline for them to respond. on the closing date.

article thumbnail

Qualia launches wire fraud protection product

Housing Wire

The closing software firm is launching Qualia Shield , a funding and disbursement product for title and escrow companies. We developed Shield to combat wire fraud through a fully integrated approach, aiding title companies in offering a unified, elegant, and secure client experience.”

article thumbnail

RE/MAX Adds Payload Keybox to Approved Supplier Program

RIS Media

RE/MAX developed RE/MAX Marketplace SM , a one-stop shop where RE/MAX affiliates can find resources to grow their business, from yard signs to digital workflow solutions, often at a discount. ” Louisville Title is connected through RE/MAX’s DotLoop® integration and also uses Keybox’s website embedded experience.

article thumbnail

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

HomeLight

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. Order a title search. Like many regions across the U.S.,

article thumbnail

How to Read a Settlement Statement When Selling a Home

HomeLight

Whoever is facilitating the closing — whether it be a title company, escrow firm, or real estate attorney — will be responsible for preparing the settlement statement. However, the settlement form developed by the trade group ALTA (American Land Title Association) is widely used across the nation for real estate transactions.