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 ...

In August, 15.2% of home purchase agreements fell through, similar to 15.5% in July, according to a new report from Redfin. The average mortgage rate reached 6.7% last week, up from 3.3% heading into ...

Even with a signed purchase agreement, buyers must navigate a series of steps — and potential pitfalls — before the keys are finally in hand.Photo courtesy Getty Images. The Silicon Valley Association ...

Deals are falling through as buyers grow selective and the reality of high housing costs hits home. Nearly 56,000 home-purchase agreements were canceled in June, equal to 14.9% of homes that went ...

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, ...