The Close

JANUARY 16, 2025

A rent to own home is a type of real estate investment when a tenant purchases the property theyre renting after a specific time. In this kind of deal, part of what the tenant pays in rent goes towards building equity in the home, or the owner credits it toward the purchase price. However, purchasing one requires a different approach.

Purchase and sale agreement

Redfin

JUNE 23, 2025

it’s important to understand certain real estate terms like “option contract”. In simple terms, an option contract is an agreement that gives one party the right, but not the obligation, to buy or sell an asset at a specific price within a particular timeframe. The optionee is the buyer, receiving the right to purchase.

Purchase and sale agreement

Redfin

JULY 21, 2025

The best and least complicated time to walk away from a home purchase is before signing the purchase agreement. If you’re having doubts, want to reassess your finances, or simply change your mind, doing so before any paperwork is signed allows for a clean exit without risking earnest money or triggering legal consequences.

Earnest money deposit

Redfin

JULY 15, 2025

Most buyers have between 5 to 10 days after an offer is accepted to schedule a home inspection and come back to the seller—but the timeframe depends on the purchase agreement , local laws, and any negotiations between buyer and seller. Then, based on what is found, the buyer can decide whether to: Proceed with the purchase as-is.

Inspection

HomeLight

MARCH 7, 2024

You’ve planned, juggled finances, worried about finding the right house, and then you finally sign a contract. But what happens if you’re now facing the decision of submitting a buyer cancellation of the purchase agreement? What is a home purchase agreement?

Purchase and sale agreement

HomeLight

MAY 24, 2022

If you only pay cash for the down payment, and take out a mortgage for the remainder of the purchase price, it keeps more money in your pocket. A cash sale: Start to finish. With a cash sale, you can skip a few steps in the typical closing process. Earnest money could be a flat amount or a percentage of the total sale price.

Purchase and sale agreement

HomeLight

MARCH 13, 2023

A cash sale may provide the speed and efficiency you need. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready. Buyers were liquid with cash and there are a lot of sellers going that route rather than waiting on a traditional sale.

Sales