Why do representation agreements matter to homebuyers?
Home buying hinges on more than price. Learn the real estate terms that shape risk, timelines, and leverage — from earnest money and due diligence fees to appraisal contingencies, appraisal gap coverage, and as‑is clauses. With these definitions and examples, you can compare offers apples‑to‑apples and choose terms that fit your financing and comfort with risk.