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What Does Under Contract Mean in Real Estate?

Raleigh Realty

What Does 'Under Contract' Mean in Real Estate? You've decided to buy a home and whether it's your first home or your tenth you're likely to stumble across homes that are listed as 'under contract' on the real estate listing. Then, you look at the status and that other shoe finally has a chance to drop: it's "under contract."

Contracts 147
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Home Inspections vs Home Appraisals

D Fritz Appraisals

What’s the Difference Between a Home Inspection and a Home Appraisal? If you’re in the market for a new home, the terms “home appraisal” and “home inspection” are more than likely to come up at some point as you zero in on a property you want to buy. What Is a Home Inspection? What Is a Home Appraisal?

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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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9 Things to Know Before Selling a Home For Sale by Owner

Raleigh Realty

And while that may be enticing, there are many other costs and legal repercussions that are associated with selling a home that will be the full responsibility of the seller if a real estate agent is not involved. For example, buyers may make an offer on your home that is contingent on your house passing a home inspection.

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For Sale By Owner (FSBO): A Comprehensive Guide for 2023

Listing Spark

For Sale By Owner refers to the process of selling a home without the involvement of a real estate agent or broker. Understand buyer motivations, be open to reasonable offers, and consider seeking legal advice for more complex negotiations. What is For Sale By Owner? Negotiation Skills: Brush up on your negotiation skills.

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How to Find a Property Manager Company in Ohio

The Robert Weiler Company

With regularly scheduled inspections, potential issues are discovered early on before it turns into an emergency. Also, you can sometimes obtain maintenance services at a discounted rate when the work is contracted through the property management company. Reduce legal concerns. Can you provide any references?

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The Many Shades of Earnest Money

Eppraisal

Earnest money is the money a buyer offers to have deposited at contract time to show he is earnest or serious about purchasing the home. Earnest money is sometimes referred to as a "good-faith" deposit. How Earnest Money Works When you submit an offer to purchase a home, part of the contract deals with earnest money.