The purchase process typically involves a Purchase and Sale Agreement that outlines the key terms and conditions of the transaction.
The home purchase process typically involves a Purchase and Sale Agreement that outlines the key terms and conditions of the transaction. Buyers generally place earnest money into an escrow account and complete a due diligence period to inspect the property and evaluate its condition before moving forward.
Closing is conducted by an attorney, and buyers should be aware of typical closing costs, title work, and the appraisal process.
The process usually takes 30 to 45 days from contract to close, depending on financing and inspections.
Earnest money is a deposit showing your commitment; it's typically 1% of the purchase price but can vary.
It's a set timeframe for inspections and negotiations; you can withdraw if issues arise.
Both buyers and sellers have closing costs; we'll help you estimate your portion early on.
Let's walk through the GAR agreement, due diligence, and closing before you make an offer.