Due diligence Earnest money deposit Inspection Purchase and sale agreement 
HomeLight
MARCH 7, 2024
But what happens if you’re now facing the decision of submitting a buyer cancellation of the purchase agreement? In this guide, we’ll break down what you need to know about buyer cancellation of a purchase agreement. What is a home purchase agreement?
Realty Biz
APRIL 17, 2023
You must put up an earnest money deposit when you buy a home. The purpose of earnest money is to show you're serious about buying. Many people refer to earnest money as a good-faith deposit. Earnest money is a security deposit the buyer makes to show good faith in a real estate transaction.
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Point2Homes
JANUARY 31, 2023
Check out comparable properties to make sure that the sale price is fair or whether there’s a little wiggle room to negotiate. The most common way to make an offer is in writing using a standard purchase agreement. After all, if both parties are happy with the offer, the sale will likely go smoothly.
Realty Biz
FEBRUARY 20, 2021
Given they are significant legal terms in a purchase and sale, it is essential to have a strong working knowledge of how they work. Some of these clauses can benefit you when purchasing a home, so we will look at some of the contingency clauses you might encounter when buying a property. Real Estate Contingencies Explained.
Redfin
MARCH 12, 2021
As you close in on making an offer on a home, your real estate agent – or the seller’s agent – will ask about “earnest money.” Earnest money is a type of security deposit, also known as a “good faith” deposit, offered to show the seller of a home that you’re serious about purchasing the property.
HomeLight
OCTOBER 17, 2022
Georgia home sellers are obligated to inform buyers of any known material defects in the home’s condition that would not be found by a buyer upon reasonable inspection. Before entering into a purchase agreement, the seller must inform the buyer of any known lead-based paint hazards in the home. Federal disclosure requirement.
HomeLight
JUNE 23, 2022
In many cases, if a homebuyer wants to back out of a contract and retrieve their earnest money, they’ll be able to find a way to do so within the confines of the real estate purchase contract. The typical amount is around 1% of the purchase price (ex. $5k 5k for a $500K home). The short answer is yes, usually.
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