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Buyers backing out of purchase agreements at elevated rates: Redfin

Housing Wire

of homes that went under contract. Buyers often back out during the inspection period because they find something they don’t like, but affordability is really the underlying issue. Record-high home prices and elevated mortgage rates are prompting buyers to back out of home purchase agreements at elevated levels. of purchase agreements.

Buyers 436
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Buyers Retreat as Home Prices Hit All-Time High in June

Appraisal Buzz

of all homes under contract, being canceled in that month alone. of the residences that were under contract in that month. of homes that went under contract. of homes that went under contract. The share of pending sales that fell out of contract, as % of overall pending sales was 14.9%, representing a 0.3

Buyers 396
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7 Takeaways: Due Diligence Fee and Earnest Money in Real Estate

Raleigh Realty

Understanding Due Diligence and Earnest Money in North Carolina Real Estate When you go under contract on a home in North Carolina you are going to encounter terms like Due Diligence and Earnest Money. It's important to note that real estate contracts and laws change depending on what state you are in. Due Diligence: What Is it?

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Five Contract Contingencies Home Buyers Should Consider

Will Springer Realtor

They have safeguards built in to written agreements such as a purchase contract on a home. Assuming the buyer followed the rules of the contract contingency, he/she would get the earnest money back and the deal is off the table – all thanks to this important condition. More on home inspections.) More on home inspections.)

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Listing Checklist for Home Sellers

Listing Spark

Some of the expenses you can expect as a seller in Texas are: Commissions Title Insurance Policy HOA Fees: Its a good idea to call your HOA to find out what expenses are incurred by the seller in your neighborhood Home Warranty Survey (if you dont have your existing one) Misc. Or better yet, hire a handyman to do it right.

Sellers 69
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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

Home inspection reports (current and previous). If you’re unsure about the difference between each, we have a helpful blog post on home inspections vs. home appraisals. HOA documents – if you live in an HOA neighbourhood, the appraiser will need to see the costs, regular maintenance schedule, history of fee increases, etc.

Appraisal 129
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Texas Real Estate Contracts and Addendums: A Guide for Home Sellers and Buyers

Listing Spark

Episode Summary In this episode, Aaron Jistel (Broker and Co-Founder at ListingSpark) focuses on how recent changes to Texas Real Estate Commission’s contracts and documents may affect home sellers and buyers. “It is important to get that notice out up front, and this contract is now going to make that a little bit more clear.