Redfin

JULY 21, 2025

These include contractual protections like contingencies, state-specific allowances like the option period, and financial repercussions such as forfeiting earnest money. Common contingencies include: Financing contingency: Protects buyers if they can’t secure a mortgage loan.

Earnest money deposit

HomeLight

MARCH 13, 2023

Home-buying companies generally pick up closing costs including title search and title insurance that usually range from 1.5% Both parties sign a contract and submit it to a title company. With a cash home buyer, there are usually no financing or inspection contingencies typically found in traditional real estate contracts.

Sales

HomeLight

MARCH 16, 2023

Ramcharitar says sellers also pay 2% of the sales price for closing costs and another 2% for title insurance. He adds that negotiations and home inspection issues could further reduce the price by 10%. Home-buying companies generally pick up the remainder of closing costs that total about 8% including title search and title insurance.

Sales

HomeLight

AUGUST 29, 2022

Your buyer’s agent will be able to help you create a wishlist , set up viewing appointments for you, tell you more about what’s going on in the neighborhood, negotiate on your behalf, and connect you with other vendors such as a title company, insurance agent, and home inspector. Order a title search. Send your earnest money deposit.

Earnest money deposit