HomeLight

OCTOBER 17, 2022

According to the International Association of Certified Home Inspectors, a material defect is anything that: Has a specific issue with a system or component of a residential property. If the buyer isn’t satisfied with the deal, then they may back out and receive a refund of their earnest money deposit. Get Estimate.

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Purchase and sale agreement Due diligence Earnest money deposit Inspection 87

HomeLight

JANUARY 3, 2023

Year-over-year, monthly sales in the Phoenix metro area were down nearly 25%. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale in Colorado.

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HomeLight

MARCH 31, 2022

price increase , pushing median sale prices to upward of $350,000. With such impressive sales figures, some sellers may be curious about how to sell a house by owner in Arizona — a decision that could help them save on agent commissions. Median sales price: $449,900 (Feb. Median sales price: $449,900 (Feb. 2022 , a 28.5%

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HomeLight

APRIL 19, 2021

to as high as 6% of the sale price, so be sure to leave room in your budget for your attorney and real estate agent, as well as for filing fees and other required deposits. 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.

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HomeLight

OCTOBER 5, 2020

An appraiser will compare the home to others around it, taking into account recent sales prices for other homes with similar features. You’ll get even more insight with an experienced real estate agent, who can be an asset in understanding home sales, pricing, and appraisals of the specific home or homes you’re evaluating.

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HomeLight

APRIL 28, 2023

When the time comes to move, some tenacious homeowners in Texas are eager to take over the reins of their home sale and figure out how to sell a house by owner. Often, the decision to go for sale by owner (or “FSBO”) is motivated by a desire to save on agent commissions. That 6% is deducted from the seller’s proceeds at closing.

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HomeLight

JANUARY 10, 2023

With such impressive sales figures, some sellers may be curious about how to sell a house by owner in California — a decision that could help them save on agent commissions. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Fast Fasts for Selling a House in California.

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Purchase and sale agreement Natural hazards disclosure Inspection Title 85

HomeLight

MARCH 31, 2022

Early 2022 data from Florida Realtors® indicates a 23% increase in median sales price and a 33.3% With such impressive sales figures, some Florida sellers may be curious about how to sell a house by owner in Florida — a decision that could help them save on agent commissions. Average home sale price in Florida: $530,419 (Jan 2022).

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Purchase and sale agreement Inspection Title MLS 85

HomeLight

AUGUST 11, 2023

An offer to purchase real estate, also called a real estate purchase contract or a residential purchase agreement, is a legal agreement that identifies the seller(s) and the buyer(s), but it stipulates much more than just the final price. It takes just two minutes to match you with your personalized recommendations.

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The Residential Specialist

AUGUST 31, 2023

Experts offer strategies to help clients who need to buy their next home before the sale of their original home is final By Myrna Traylor There are many reasons why a seller might want to secure the purchase of a new primary home before selling their current residence. So, that’s just all part of the negotiation.”

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HomeLight

MAY 27, 2021

Listing sites where you browse homes for sale usually have a sponsored agent pop-up that will lead you to a real estate agent. And finally, you’ll need to be prepared with cash for the earnest money deposit. As you’re looking for a real estate agent, you may want to inquire about their membership status in NAR.

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HomeLight

JULY 31, 2021

Reports from the National Association of Realtors show that nearly a quarter of existing home sales were made with all-cash in the spring of 2021 — but how do you go about finding your cash buyer? Our guide aims to address the urgency of needing cash with the level of thought and care that a sale of this weight requires. Good bones.

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HomeLight

OCTOBER 29, 2020

If you’re obtaining traditional financing, waiving the financing contingency can put your earnest money deposit at risk. Sales contingency. If something jeopardizes your sale, then their deal with you is now also at risk. Non-negotiable contingencies, on the other hand, can derail or significantly delay a sale.

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 77

The Close

DECEMBER 29, 2022

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Comparable sales (comps).

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