When a buyer's loan fails, the signed purchase-and-sale agreement controls the outcome. The financing contingency, its notice deadlines, and the remedy clause decide whether the buyer can walk with the earnest money or whether you may be ab...
When you put an offer on a home, you'd want to do everything you can to make your bid more competitive. One way to do this is through earnest money. But what is it, exactly? And how much do you need? Sin...
What is escrow and how does it work? At some point in a real estate transaction, you will encounter the word “escrow.” If you're the buyer and you make an offer on a home you like...
What should sellers look for in a home offer beyond the purchase price? The offer price is just one piece of a real estate contract. Financing type, contingencies, closing timeline, and earnest money all play a significant role in determining w...
Congratulations, you're about to purchase your first home! We’re guessing you’ve already gone through the mortgage pre-approval phase, and now it’s time to do the exciting part: house hunting! While you can shop with confidence beca...
When looking for homes online, home buyers might chance upon a property with a “contingent offer” status. This means that an offer has been made and accepted, but the sale is still conditional while both parties work on meeting certai...
The price tag on your dream home isn't the only thing you are going to pay for. The list of added fees could be long, and may vary across states and countries. This article will help you know which fees are commonly associated with buyi...