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May 4, 2018 · A purchase and sale agreement is a real estate contract. It’s a written agreement between buyer and seller to transact real estate. The buyer agrees to pay an agreed-upon amount for the property.
The possession date is the day a buyer is entitled to move into their new home. Usually, the buyer and seller agree on a possession date when they’re negotiating the real estate contract. Note that your possession date may or may not be the same as closing day. Closing day (sometimes called the “completion date”) is the date when the ...
Dec 5, 2023 · Borrowers saw their equity slip by 1.7% in Q2 2023 compared to the year before with an average decline of $8,700 between Q1 and Q2, according to a recent CoreLogic report. Nonetheless, home equity ...
Sep 30, 2022 · In the real estate industry, an “off market property” refers to a house that sells without ever being publicly marketed for sale. The seller either advertises the home privately to a select group of potential buyers or negotiates with the buyer directly without ever advertising the property for sale. Off market property sales happen more ...
Definition of Expired. When a homeowner contracts with an agent to sell a home, the listing agreement has a set expiration date. A listing expires when this expiration date has passed without the property being sold, and without the homeowner renewing the listing contract with the real estate agent. Similarly, potential buyers will often ...
Jun 29, 2022 · Persuading a Seller to Sign an Extension. When a buyer cannot close on time, one strategy that works well is to offer to release the buyer's earnest money deposit to the seller before closing. This presumes, of course, that the buyer is certain that they can close escrow. However, if it's just a matter of a few more days, releasing the deposit ...
Dec 12, 2023 · Circa is a term used to indicate that a date or time is approximate. It typically appears before a year and is used when specific information is not known, allowing readers to understand that the given date is an estimate. For instance, if you see a sentence like “The manuscript was written circa 1500″, it means the manuscript was likely ...