Redfin

JUNE 11, 2025

In this article: Home inspection contingency Appraisal contingency Financing contingency Title contingency Home sale contingency Home insurance contingency Kick-out clause FAQs about contingencies in real estate 1. The title company typically conducts this search shortly after the contract is signed.

Purchase and sale agreement

Redfin

JUNE 5, 2025

The absence of mortgage payments, the speed of closing, and the strong appeal to sellers are undeniable benefits. It doesn’t matter if you’re getting a mortgage for your place in Austin, TX , or making an all-cash offer on a townhouse in Charlotte, NC — knowing all the transaction costs upfront is super important.

Closing costs

Redfin

AUGUST 6, 2025

In real estate, “in escrow” refers to a specific phase of the homebuying process when a neutral third party temporarily holds important funds and documents while the buyer and seller work toward finalizing the sale. Once everything is in order, the sale moves toward closing and ownership is transferred. When does escrow start?

Earnest money deposit

HomeLight

MARCH 24, 2025

Sell Your Inherited West Virginia Home Quickly For Cash Request a no-obligation cash offer from HomeLight’s Simple Sale platform and receive a purchase quote in 24 hours. This can be done through a title search , which will reveal any debts or claims against the property, including unpaid taxes. Request Offer 1.

Purchase and sale agreement

Redfin

FEBRUARY 20, 2025

On average, sellers can expect to pay between 6% to 10% of the sale price in closing costs , including agent commissions, transfer taxes, and title fees. Closing costs are the fees and expenses required to finalize the sale of a home. Real estate commission 3%6% of sale price Negotiable Title fees 0.5%1%

Closing costs

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. A cash offer simply refers to a situation where a buyer pays the entire purchase price upfront, without using a mortgage or other loan. Both parties sign closing documents, finalizing the sale.

Purchase and sale agreement

Redfin

AUGUST 6, 2025

In this Redfin article, find out how long it takes to buy a house based on the three most common scenarios – a cash offer, a mortgage, and a short sale. Collect paperwork for a mortgage If you’re planning on financing your home purchase with a mortgage, you’ll likely need to save for a down payment.

Pre-approval

Redfin

AUGUST 5, 2025

A title company usually helps manage a conveyance. In the process, they conduct a title search to determine the history of the property. The search is important because it helps uncover issues like liens, easements and encumbrances that may limit the usefulness of a property for a buyer.

Purchase and sale agreement

Redfin

JUNE 27, 2025

Key Takeaways: Shopping mortgage rates, reviewing your credit report, and looking into first-time home buyer programs can improve your financial situation and increase your choices. Even a small difference in your mortgage rate can really add up over the life of the loan, so it’s worth your time to shop around.

Pre-approval

Redfin

JULY 30, 2025

the short answer is yes, but it’s not as straightforward as a traditional sale. In this Redfin Real Estate article, we’ll break down what a lien is, how it affects your home sale, and the steps you can take to successfully sell your property, even if a lien is attached. Can I use my sale proceeds to pay the lien?

Title search

Redfin

JULY 9, 2025

Get pre-approved for a mortgage Estimated time: 1-2 weeks A mortgage pre-approva l is a lender’s assessment of how much they’re willing to lend you based on your income, assets, debts, and credit history. It’s best to shop around to find the best rate and determine the best type of mortgage loan for you.

Pre-approval

Rochester Real Estate

NOVEMBER 5, 2015

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

Purchase and sale agreement

Rochester Real Estate

NOVEMBER 5, 2015

(585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. 585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. The first step to buying a house in New York is to assess your financial readiness and get pre-approved for a mortgage. When evaluating the costs of homes, it’s common to consider the mortgage.

Purchase and sale agreement

Redfin

AUGUST 5, 2025

Of course, this depends entirely on the circumstances of the sale, but you’ll likely avoid a bidding war. For the sale to work out, you may need to be ready to move in at the same time your parents are ready to move out. You may have the option of applying for a new mortgage or assuming your parents’ mortgage.

Purchase and sale agreement

Redfin

JUNE 30, 2025

For a home sale to close, the seller must fulfill several key obligations. Provide a clear title The seller must deliver a clean title, free of liens, encumbrances, or disputes, unless otherwise agreed (selling “as-is” with known issues). warranty deed or quitclaim deed, depending on the sale). appliances). appliances).

Closing

Redfin

JUNE 17, 2025

What needs to be done before settlement It typically takes between 30-60 days from accepting an offer on your home to closing a sale. What to remember: After accepting an offer, the deal enters the due diligence period, where certain inspections and investigations are conducted before finalizing the sale.

Closing

Redfin

AUGUST 5, 2025

Buying a home can be a stressful, lengthy process, especially if your area is experiencing a seller’s market where there are more buyers looking to purchase than there are homes for sale. This deposit, which is usually around 1% – 3% of the sales price, provides the sellers with security that the buyers won’t back out of the deal.

Earnest money deposit

Rochester Real Estate

NOVEMBER 5, 2015

(585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. 585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. The commission is typically divided equally between the buyer’s and seller’s agents, based on a percentage of the sale price.

Purchase and sale agreement

HomeLight

NOVEMBER 15, 2024

Sell Your Inherited North Carolina Home Quickly For Cash Request a no-obligation cash offer from HomeLight’s Simple Sale platform and receive a purchase quote in 24 hours. She also recommends you hire an on-the-ground expert who will walk the home-sale journey with you step by step.

Pre-approval

Rochester Real Estate

NOVEMBER 5, 2015

(585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. 585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. Here are some helpful tips to get you started: Gather Existing Documentation Collect any documents related to your property, such as deeds, title reports, tax records, or previous sales listings.

Due diligence

Rochester Real Estate

NOVEMBER 5, 2015

(585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. 585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. Frequently Asked Questions Before Listing Their Home For Sale When is the best time to sell my home? This frequently asked question cannot be answered with a simple or general answer.

Purchase and sale agreement

Redfin

JULY 11, 2025

This good-faith payment, typically 1% to 3% of the purchase price, is held in escrow and applied to your down payment or closing costs if the sale goes through. That means if the sale is completed, the money is not refunded – it’s credited toward what you owe. Where does earnest money go?

Earnest money deposit

Redfin

FEBRUARY 21, 2025

Liens can arise from various financial obligations, including unpaid taxes, missed mortgage payments, or services rendered by contractors. If the debt isn’t resolved, the lienholder may have the right to take legal action, which could potentially lead to foreclosure or the forced sale of the property. Heres how to do it: 1.

Title search

Redfin

JULY 29, 2025

Closing costs are all the fees for the services needed to finalize the home sale. This includes things like appraisal fees, title insurance, and lender fees. Purpose: It reduces the amount of money you need to borrow from a lender (your mortgage). It’s your personal investment in the property.

Closing costs

HomeLight

FEBRUARY 20, 2025

Essentially, its a condition the buyer or seller has to clear up before the sale can continue. Financing contingency: The buyer must qualify for a mortgage loan and receive financing for the deal to continue. Home sale contingency: Buyers purchase is dependent on the sale of their existing home.

Inspection contingency

Rochester Real Estate

NOVEMBER 5, 2015

(585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. 585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. Conducting a thorough title search and researching the home’s history is essential. Obtaining title insurance to protect your interests is advisable.

Title

Housing Wire

OCTOBER 29, 2020

HousingWire recently spoke with Brian Simon, president of Trelix Mortgage Fulfillment Services, about how Trelix helps its clients work more efficiently while still maintaining compliance and performing due diligence. HousingWire: What sets Trelix apart from other mortgage fulfillment services?

Due diligence

Housing Wire

JUNE 1, 2021

The provisions are the Biden administration’s latest effort to combat the racial wealth gap, which Fudge called attention to during recent remarks to the Mortgage Bankers Association. How hybrid title and valuations help increase lending efficiency. The final sales price could not exceed four times the area median family income.

Title search

Housing Wire

MARCH 31, 2021

Every real estate transaction—whether it is backed by a mortgage or is an all-cash deal—requires a determination of ownership and a clear transfer of title. That said, many companies still rely on legacy systems and manual processes to procure, search, and examine title. Jim Portner, Vice President Product and Strategy.

Title search

Housing Wire

MARCH 2, 2021

HousingWire spoke with Steve Greenfield, Altisource General Manager of Mortgage Real Estate Solutions, about the state of the mortgage market and how Altisource’s HomeVal solution is benefiting lenders. HousingWire: What are some due diligence and underwriting challenges loan originators face today? It’s easy to see why.

Title

Housing Wire

MARCH 10, 2021

The first, Partner API, is used to unify title companies, real estate agents, lenders, and homebuyers throughout a single real estate and mortgage transaction. Why use several vendors for title searches, appraisals and underwriting when you can use one? It’s the second proptech offering created by Qualia.

Title

Housing Wire

JULY 28, 2022

What can lenders do to help borrowers facilitate a sale, protect the equity in their home, and potentially remain in their home following the sale by negotiating a leaseback option? HousingWire: As mortgage forbearance programs come to an end, how should at-risk homeowners deal with potential foreclosure?

Equity

HomeLight

NOVEMBER 1, 2021

Some liens (such as mortgage loans) are voluntary, while other liens (such as tax assessments) are considered involuntary, meaning the lien is placed on the property against the owner’s will. Title search: How to check for property liens. This often unexpected discovery could throw a wrench into your home sale.

Title search

Housing Wire

DECEMBER 5, 2022

As the mortgage rate environment became increasingly volatile in August and early September, one in three title insurers reported order volume that was below or far below average. That’s according to PropLogix ’s fifth annual “State of the Title Industry” report.

Title

Housing Wire

MARCH 28, 2024

Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half. Then, they think about the mortgage : a good rate, good monthly payments, and approval. Take the wide-ranging requirement for addressing clouds on the title.

Closing

Housing Wire

JUNE 11, 2021

You can potentially ask the seller to pay for the improvements, or you can ask for a lower sales price to offset the cost of the repairs. A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value.

Inspection

Housing Wire

FEBRUARY 23, 2023

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.

Title