Realty Biz

NOVEMBER 11, 2020

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. It is fairly obvious what is meant when homes have a status of “for sale” or “sold,” but some statuses may not be as clear. For example, if a home sale is contingent or pending, can you still make an offer?

Backup offer 110

Backup offer Sales Home sale contingency Earnest money deposit 110

Realty Biz

APRIL 20, 2022

When the home inspection finds some problems, the seller might agree to cover the cost and have the problem fixed. The language in the offer to purchase will allow you to escape the sale with your money back. So if you are only able to get a home loan at 5.25%, you can walk away from the deal with your earnest money deposit.

Purchase and sale agreement 105

Purchase and sale agreement Home sale contingency Earnest money deposit Inspection contingency 105

Redfin

JANUARY 26, 2022

One of these important pieces of paperwork is a purchase and sale agreement. . To help you navigate this document, we’ll go over what a purchase and sale agreement is, what makes up the agreement, and what happens after the agreement is signed. What is a purchase and sale agreement? Who drafts the purchase and sale agreement? .

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Purchase and sale agreement Earnest money deposit Sales Title 53

Realty Biz

JULY 1, 2023

Depending on how far along in the escrow process you are, this can be done in a variety of ways: Providing a deposit - If you have not yet made an offer on a home, consider providing an earnest money deposit as your first step. Step 6: Ensuring Clear Title When buying a home, ensuring a clear title is paramount.

Purchase and sale agreement 75

Purchase and sale agreement Earnest money deposit Title search Pre-approval 75

HomeLight

JULY 31, 2020

There’s a house for sale that you want to buy. For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. Because the entire sale hinges on securing this loan, it is a top criteria for closing, and it’s also the most common reason for a delay in the closing process.

Closing 108

Closing Purchase and sale agreement Title search Earnest money deposit 108

HomeLight

JUNE 23, 2022

If the financing fails, the buyer can pull out of the contract with a full refund for earnest money as long as it’s before the specified deadline. In competitive markets, this contingency is very unattractive to sellers. The home’s appraisal comes in low. Buyer’s current home doesn’t sell in time.

Earnest money deposit 106

Earnest money deposit Purchase and sale agreement Due diligence Home sale contingency 106

HomeLight

JULY 26, 2022

Is it a yard sale? No…it’s a for sale sign!!! You’ve found yourself a FSBO home. What is a FSBO home? A “for sale by owner,” or FSBO (pronounced “fizz-bo”) home, is a home that is being sold by its owner who hasn’t hired a listing agent. Why would a seller want to list their home FSBO?

Earnest money deposit 94

Earnest money deposit Purchase and sale agreement Title Inspection 94