Housing Wire

JUNE 24, 2025

Rocket Mortgage , the home lending arm of Rocket Companies , announced Tuesday it will now offer bridge loans , a short-term financing option that helps homeowners tap into their equity while selling their current property. Some buyers can’t compete without first selling, missing opportunities to purchase a home.

Loans

Housing Wire

JUNE 13, 2025

Stearns said the company’s disciplined cost structure has led to consistent profitability — without considering sales of mortgage servicing rights ( MSRs ) — which sets it apart from many independent mortgage banks ( IMBs ) that continue to operate in the red. Inside Mortgage Finance (IMF) reported that Kind Lending originated $7.5

Mortgages

Housing Wire

NOVEMBER 1, 2024

Last but not least, real estate agents prepare documents such as closing documents, purchase agreements, and leases while ensuring that the transaction is in compliance with local laws and their client’s terms are met. This course covers real estate law, contracts, finance and ethics. How do real estate agents get paid?

Agents

Housing Wire

MAY 13, 2025

Better Home & Finance Holding Co. In the second quarter, it signed an agreement with a bank to power its entire mortgage operation. Garg said this marks the first time Tinman will replace legacy mortgage systems like pricing engines, point-of-sale systems or customer relationship management systems.

Purchase and sale agreement

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

The Close

NOVEMBER 25, 2024

In this “How to Buy a Multifamily Property” guide, I’ll walk you through deciding which type of multifamily property you want to purchase, picking the right lender, and running the numbers to ensure profitability. Purchasing a multifamily property is an excellent way for investors to generate steady income.

Purchase and sale agreement

The Close

NOVEMBER 7, 2024

Have a clear investment strategy and long-term goals before purchasing. Next, draft an operating agreement that outlines your company’s purpose, structure, and governance. Tax liens and auctions: Search for tax lien sales and foreclosure auctions. Stay updated on local and national real estate trends and regulations.

Hard money loan

Redfin

MARCH 7, 2025

Comparable sales (comps) Reviewing recent sales of similar homes in your area, called real estate comps , helps determine a fair listing price. How to price your home for sale A good starting point is to get your Redfin Estimate , which gives you a ballpark figure of what your home is worth and what price you could sell your house for.

Sales

Redfin

MAY 22, 2025

Lenders almost always require an appraisal when you’re financing a home purchase. Review comparable sales : The appraiser will analyze recent sales of similar properties in the area to determine a fair market value. If you’re financing your home, an appraisal is almost always a requirement from your lender.

Inspection

Marco Santarelli

NOVEMBER 23, 2024

A clear understanding of your financial situation will help you determine how much you can invest in a new property and whether you need to explore financing options. Conducting due diligence is essential before committing to a purchase. Cons: Time-consuming: It can take time to accumulate enough profits to purchase another property.

Hard money loan

Redfin

JULY 7, 2025

But whether or not solar panels will make or break a home sale depends on a few key factors. When solar panels might negatively affect a home’s value A lease on the system: If solar panels are leased or under a power purchase agreement (PPA), the buyer may need to take over the contract and qualify with the solar provider.

Purchase and sale agreement

Redfin

MARCH 26, 2025

When buying a home, few clauses are as important, or as misunderstood, as the financing contingency. This protective clause in your purchase agreement can save you thousands if your mortgage falls through, but in todays competitive market, some buyers are tempted to waive it. What is a financing contingency in real estate?

Finance

Redfin

JULY 17, 2025

However, the IRS may scrutinize the sale, especially if it’s below market value. To avoid tax issues, document the sale properly, follow fair market pricing, and treat the process like a typical real estate transaction. This ensures the sale is priced appropriately and helps prevent tax issues related to under-market transfers.

Purchase and sale agreement

Redfin

JUNE 11, 2025

In real estate, contingencies are conditions included in a purchase agreement that must be met for the transaction to move forward. Appraisal contingency When a buyer finances a home, lenders require an appraisal to confirm the property’s value supports the loan amount.

Purchase and sale agreement

Redfin

JULY 2, 2025

A question that rattles both sellers’ nerves and real estate professionals’ phones: What happens when a buyer backs out of a home sale? Every real estate transaction carries this tension, and knowing your rights and options is important for a successful sale. Financing: Even with pre-approval, buyers might fail to secure a mortgage.

Purchase and sale agreement

Redfin

JULY 15, 2025

One way to do this is with a home sale contingency. Key takeaways A home sale contingency protects buyers from owning two properties at once. When deciding to accept a home sale contingency, consider market conditions and personal timing preferences. Table of Contents What is a home sale contingency?

Home sale contingency

Redfin

JULY 2, 2025

Can a seller back out of a sale before closing? Yes, a seller can back out of a home sale, but only with a valid legal or contractual reason. Know your contract Once both parties sign a purchase agreement , it becomes legally binding. When can a seller back out of a home sale?

Purchase and sale agreement

Redfin

JULY 10, 2025

After offer acceptance At the start of the due diligence period Purpose Shows buyer commitment and secures the contract Compensates seller for taking property off the market Applied to purchase? Credited toward the purchase price at closing Credited toward the purchase price if sale closes Fee amount 1-3% of the purchase price Often 0.1%

Due diligence

Redfin

JUNE 23, 2025

It’s a crucial period to verify the property’s condition, ensure it meets expectations, and meet any financing requirements set by the lender. It’s typically refundable if the buyer backs out for a valid reason like inspection or financing issues. Terminate the agreement, if the contract allows.

Due diligence

Redfin

JULY 14, 2025

It’s designed to show the seller they’re serious about the purchase and typically ranges from 1% to 3% of the purchase price. If a buyer acts outside the bounds of that agreement, even unintentionally, and the deal falls through as a result, it can be considered a breach of contract.

Earnest money deposit

Toronto Realty Blog

JULY 10, 2025

This entered my mailbox last week: Hi David, I was hoping you could dedicate a future blog post to so called “escape clauses” in real estate agreements. 2023: Sold Conditional On The Sale Of Buyers’ Property I suppose I’ve written a blog on just about every real estate topic out there, at one time or another.

Purchase and sale agreement

Redfin

JULY 30, 2025

Key takeaways: A cash offer on a house means the buyer pays the full purchase price upfront without relying on mortgage financing. Even without liquid funds, buyers can explore bridge loans, private lenders, or creative financing to structure a cash-like offer. Both parties sign closing documents, finalizing the sale.

Purchase and sale agreement

Redfin

JUNE 25, 2025

Everything’s falling into place, until your timeline suddenly shifts, and you need to move in before the sale is final. The answer is yes, and that’s where a use and occupancy agreement (U&O) comes in. A use and occupancy agreement is a short-term arrangement that lets the buyer live in the home before closing.

Purchase and sale agreement

Redfin

JULY 16, 2025

Key takeaway: Once a home is under contract, the seller is legally bound to the agreement and cannot accept another offer – unless specific clauses or contingencies allow it. Once both parties have signed a legally binding purchase agreement , the seller is obligated to uphold its terms. Generally, no.

Backup offer

Redfin

MARCH 4, 2025

15 documents to have before listing your home Collect paperwork that highlights your homes selling points for an accurate pricing strategy, additional documentation to pass on to the new owners and other real estate forms required for the sale. Particularly youll need the original purchase agreement and deed.

Purchase and sale agreement

Toronto Realty Blog

FEBRUARY 20, 2025

80%), one of the major banks will finance the project and give the go-ahead to begin construction. The developer set the “rules” back when buyers purchased in pre-construction sales centres and the developer is still the legal owner of the condo. A condominium is a corporation. But it doesn’t matter.

Development

Redfin

JULY 25, 2025

An appraisal contingency is a clause added to the real estate purchase agreement that allows the buyer to negotiate or back out of the sale if the property appraisal price comes back lower than the agreed-upon purchase price. The buyer and seller agree upon a purchase price. What is an appraisal contingency?

Purchase and sale agreement

Rochester Real Estate

NOVEMBER 5, 2015

Joseph statue, having an auction, establishing a rent-to-own agreement, hosting an open house party, and hiring a discount broker. In my experience as a Rochester Realtor, having the home sale basics down first is essential. Joseph, the family and home patron saint, will help make a quick and successful sale. Joseph Statue 1.

Purchase and sale agreement

HomeLight

JULY 23, 2025

An as-is home sale means the seller isn’t planning to make repairs or offer credits for issues the buyer might find. The buyer understands they’re purchasing the property in its current condition. This type of sale often signals that things like an aging roof or a worn-out appliance may not be fully functional or have much life left.

As-is

Marco Santarelli

MARCH 27, 2025

Increased Purchasing Power: With lower rates, you might be able to afford a slightly more expensive home. As Berner points out, mortgage rates in the high-6% and low-7% range have slowed home sales compared to last year. Realtor.com economists are forecasting more home sales this year compared to 2024.

Mortgages

Redfin

JULY 9, 2025

Whether you’re purchasing your first home or need a refresher, understanding each step in the home buying process timeline can help you avoid surprises and feel more confident along the way. It’s also a good time to check your finances. Are you looking at homes for sale in Juneau, AK or Miami, FL ?

Pre-approval

Redfin

JUNE 5, 2025

This can give you a real edge, potentially helping you secure a property even when others are putting in higher offers that rely on financing. home purchases were made in cash in 2024. Essential closing costs beyond the purchase price Even without a lender, you’ll encounter several categories of closing costs.

Closing costs

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles What Does a Real Estate Lawyer Do? These documents include purchase agreements, deeds, titles, lease agreements, and financing contracts.

Purchase and sale agreement

Toronto Realty Blog

JANUARY 16, 2025

This story brings us back to last summer when a client of mine purchased a small west-side home and, upon closing, the listing agent had some very interesting ideas about how to go about making up his financial loss on the property. Perhaps we should take a quick pause here just to get some simple math out of the way. This time, he accepted.

Closing

Redfin

JUNE 30, 2025

Whether you had custom furniture built specifically for your modern house in Denver or your buyers just really like your interior design work, there are a number of reasons why someone would want to package the furniture up with a home sale. This simple guide walks you through how to include furniture in your home sale with confidence.

Purchase and sale agreement

Redfin

MARCH 18, 2025

When buying a home, youll likely come across the term earnest money – a deposit that shows the seller youre serious about the purchase. This deposit is usually between 1% and 3% of the homes purchase price, but the amount can vary based on the local market and the agreement between you and the seller. Do you get it back?

Closing

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