HomeLight

MARCH 6, 2023

City Second Loan Program (CSLP) : Offering deferred down payment loans of up to $375,000 to qualified buyers, CSLP is part of the Mayor’s Office of Housing and Community Development’s Homebuyer Assistance Programs (MOHCD). Hayward: Buyers looking to get in on a developing neighborhood with lower prices will find that Hayward fits the bill.

Earnest money deposit

HomeLight

MARCH 30, 2021

From area research to title research, we’ll walk you through the process — and provide you with a printable checklist as well. Future developments: Research any commercial land purchases or leases in the area and see how they fit in with your desires. Get yourself some title insurance. Free Homebuying Due Diligence Checklist.

Due diligence

HomeLight

NOVEMBER 1, 2021

Lender’s title insurance. Property inspections. Owner’s title insurance policy premium and fees. For example, according to Fidelity National Title Insurance Company, Arkansas sellers customarily pay for the owner’s title insurance policy premium, while the buyer usually pays for the recording fees. Appraisal fee.

Closing costs

HomeLight

SEPTEMBER 15, 2021

Preliminary title report or “prelim”. Pre-listing inspection report. Contingency removal form (CA-specific). Home inspection report. Affidavit of Title. A new contract can be signed without the old contract, and the new buyer will conduct new inspections and obtain a new title insurance policy.”.

Purchase and sale agreement

HomeLight

FEBRUARY 28, 2021

Arlington offers an active lifestyle with more than 150 public parks and playgrounds and 80 miles of trails, earning the title of America’s Fittest City. You’ll need to crunch the numbers to develop a realistic budget for Arlington’s housing market. . Waive home inspection contingencies — but NOT the home inspection.

Earnest money deposit

The Close

SEPTEMBER 19, 2024

It involves educating them on the implications of each element of the offer, developing strategies based on market conditions, property specifics, and other personal requirements, and assisting in negotiations to secure the most favorable outcome. As a real estate agent, your role in guiding clients on counteroffers is crucial.

Purchase and sale agreement

HomeLight

MARCH 13, 2023

As concrete foundations settle on sandy soil, houses may develop settlement cracks and other foundation issues. Home-buying companies generally pick up closing costs including title search and title insurance that usually range from 1.5% Both parties sign a contract and submit it to a title company.

Sales

HomeLight

MARCH 16, 2023

Ramcharitar says sellers also pay 2% of the sales price for closing costs and another 2% for title insurance. He adds that negotiations and home inspection issues could further reduce the price by 10%. Home-buying companies generally pick up the remainder of closing costs that total about 8% including title search and title insurance.

Sales

HomeLight

DECEMBER 29, 2023

Adverse material facts may include (but are not necessarily limited to) matters such as environmental hazards, physical condition, and material defects in a Property or title thereto. Condominium, Co-op, or shared cost development. I’ll give an inspection contingency, that’s it. Roads, streets, and alleys.

As-is

HomeLight

DECEMBER 23, 2021

Most cities and municipalities adopt a set of universal building codes for residential construction that are developed and updated by the International Code Council (ICC), collectively referred to as the International Residential Code (IRC). According to both Barker and Davis, the home inspection is when most code violations are discovered.

Inspection

HomeLight

MAY 28, 2021

An inspection can tell you upfront the exact issues with the house so you know what money you might have to spend down the line. It’s also wise to add an inspection contingency in your purchase contract , so if the inspection shows more repairs than you expected, you can walk away. Conduct a title search.

As-is

Real Trends

DECEMBER 27, 2022

Home sale contingency. I’ve shared the situations that can trigger a home inspection contingency or appraisal contingency. You should also be aware of home sale contingency. With this contingency, the buyer’s home must be sold before they can close on their desired purchase. Interested but inexperienced.

Sales