What Is an Appraisal Gap? What Homebuyers Need to Know
An appraisal gap happens when a home’s appraised value is lower than the purchase price in the contract. For example, if you agree ...
What Is an Escalation Clause in Real Estate? How It Works
An escalation clause is a provision in a real estate offer that can automatically increase ...
What Does As Is Mean in Real Estate? A Guide to As-Is Home Sales
When a home is listed for sale “as is,” the seller is generally telling buyers ...
What Is a Seller Concession? How Seller Credits Work
A seller concession is an agreement in which the home seller pays certain costs that ...
How to Make an Offer on a House, Step by Step
Making an offer on a house means proposing a purchase price along with the other ...
When Is It Too Late to Make an Offer on a House?
You find a home that checks nearly every box — only to discover that another buyer already has an accepted offer. Is it ...
How to Write a Home Offer Letter: 10 Tips for Buyers
A home offer letter is a note a buyer submits alongside a purchase offer, typically ...
What Is a Counteroffer in Real Estate? How It Works
A counteroffer is a response to a real estate offer that proposes different terms instead ...
What Is a Contingency in Real Estate?
A contingency in real estate is a condition written into a purchase agreement that must ...
