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What is Due Diligence in Real Estate?

Redfin

During the due diligence period, the buyer is allowed a set amount of time, typically outlined in the purchase agreement, to fully investigate the property before finalizing the sale. If the appraisal is lower than the purchase price, it can lead to renegotiation or an appraisal gap issue. How the Process Works 3.

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What Does a Real Estate Lawyer Do?

Rochester Real Estate

(585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. 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?

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Are There Closing Costs if You Pay Cash for a House? Yes: Here’s What to Expect

Redfin

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. Escrow fees: In many transactions, an escrow agent holds all funds and documents related to the sale until all conditions are met.

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Conveyance in Real Estate: Defined and Explained

Redfin

Conveyance is when the property you’ve worked tirelessly to purchase becomes yours, and you’re transferred the deed and title. How conveyance is used in real estate Conveyances in real estate are used to transfer real property, which is property tied to land with or without a home or structure on it.

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What Should You Consider Before Buying a House As-Is?

Redfin

Mold or mildew problems Presence of asbestos or other harmful materials As a result, agreeing to purchase a property as-is is a serious decision for any buyer. While technically not adhering to the legal definition of as-is, this is permissible as long as the parties are in agreement. What does as-is, where-is mean in a listing?

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Top Frequently Asked Questions From Home Sellers

Rochester Real Estate

(585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. Here are the top frequently asked questions that home sellers ask before listing a home for sale, questions relating to home value & pricing, questions relating to contracts, and questions relating to purchase offers. How is the real estate market right now?

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Opinion: How the title industry protects homeowners

Housing Wire

When people think about the title insurance industry , what comes to mind is often its core products – title insurance policies that protect property rights of homeowners and lenders. As an industry, our commitment to protection goes beyond title insurance policies. As an industry, we united against these unfair fee agreements.