Contracts Document Insurance Property Taxes 
Movoto
APRIL 8, 2024
This is a legally binding agreement between the buyer and seller that helps ensure the sale will be completed according to the contract’s outlined conditions. Real estate purchase contracts come into play to protect both parties and move the sale forward, helping prevent either party from wasting the other’s time and money.
Housing Wire
JUNE 11, 2021
If the appraised value ends up matching or is higher than the contract price, the transaction can continue as planned. Should the appraisal come in lower than the contract price, the closing process may be impacted. If the seller is eager to sell the property, they might lower the listing price to match the appraisal.
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PennyMac
MARCH 4, 2024
When you work with a lender that provides this, you’re doing much of the legwork involved in obtaining a mortgage contract without actually finalizing it. To receive a Pennymac BuyerReady Certification, you’ll submit a mortgage application and financial documents, which a Pennymac Loan Expert will review.
Movoto
JANUARY 31, 2022
A home closing—also known as the settlement—refers to the date when a property’s title and deed are transferred to the buyer, officially making them the new owner. It’s also an opportunity to review all the closing documents, make sure the title is clean , and release any funds that have been held in escrow to the parties that are owed money.
Raleigh Realty
AUGUST 17, 2021
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?
Listing Spark
APRIL 2, 2021
When reviewing the standard residential contract (called a 1-4 residential contract) plus numerous addendums, it can be difficult to unpack who pays for closing costs in Texas. Document Preparation: (Seller expense) When you close, there are several documents you sign such as the warranty deed.
Listing Spark
APRIL 2, 2021
When reviewing the standard residential contract (called a 1-4 residential contract) plus numerous addendums, it can be difficult to unpack who pays for closing costs in Texas. Document Preparation: (Seller expense) When you close, there are several documents you sign such as the warranty deed.
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