A purchase agreement is a legally binding contract that spells out the details of a real estate transaction. Homebuyers and sellers typically sign a purchase agreement shortly after negotiating the ...

A buyer can back out of a home purchase even after signing a contract if all agreed-upon contingencies are not met. Common ...

Also called an installment land contract, contract for deed or contract for sale, a land contract is a property sale where the seller holds the title of the property until you have paid for it. Absent ...

Question: We live on the East Coast. In February 2020, we signed a homebuilder’s purchase contract to buy a new home in North Phoenix. We deposited $50,000 earnest money. Under the purchase contract, ...

Home purchases are getting canceled at the highest rate in years as high prices, elevated mortgage rates and economic uncertainty deter buyers, according to Redfin's analysis of MLS pending-sales data ...

Buying a home “as-is” means purchasing the property in its current condition, with no repairs or improvements made by the seller. A home might be listed for sale “as-is” for a number of reasons, ...

In July, 15.3% of U.S. home-purchase agreements were canceled, the highest July rate since 2017. High prices, steep mortgage costs, and more inventory are prompting buyers to back out. San Antonio had ...