HomeLight

JANUARY 13, 2022

You’re getting ready to call your agent to schedule a showing when you notice that the listing says the property is “active contingent.”. What on earth does active contingent mean? In this guide, we’ll take the term “active contingent listing” and break down what it means. What does active contingent mean?

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HomeLight

JULY 31, 2022

You’ve decided it’s time to buy a house ! One of the first steps is to pick a real estate agent to work with. But what if you decide that you don’t want to work with a buyer’s agent to buy your home? Well, welcome to your step-by-step guide to buying a home without a real estate agent. Find a lender you can trust. Research your ideal neighborhoods.

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Point2Homes

DECEMBER 7, 2020

Image: Andy Dean Photography / Shutterstock.com. If your ability to afford the mortgage payments on the home you want to buy is causing you concern, buying a foreclosure home may make a lot of sense. Plus, it will also allow you to get more for your money — which could enable you to get to live in the neighborhood you really want.

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HomeLight

JULY 31, 2020

Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. It almost certainly will not move as quickly as anticipated. is not a simple or finite one.

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Realty Biz

JANUARY 9, 2024

Selling your first home can be an exciting yet overwhelming experience. As a first-time home seller, you'll want to navigate the process smoothly, maximize your profit, and minimize stress. To help you achieve these goals, we have compiled a list of essential tips that will guide you through the process. It is no longer a robust seller's market.

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HomeLight

MARCH 2, 2023

This Pacific Coast city combines the urban vibes of art and culture alongside fun physical activities like surfing or boating. People who live here love the proximity to some of the west coast’s best beaches, as well as being close to destinations like Disneyland, Joshua Tree National Park, and the deserts of Palm Springs.

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HomeLight

JUNE 30, 2021

Try to determine what else the seller may want as far as the timeline and whether they are asking for other concessions (though when you aren’t being guided by an agent, removing any contingencies is a very risky move — you’ve been warned!). There’s more that goes into making an offer besides landing on a purchase price. What’s a Realtor?,

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HomeLight

SEPTEMBER 1, 2022

And while those are all great perks, there’s a lot more to the Sunshine State than amusement parks and beaches. Florida, which averages 237 sunny days a year (hence the Sunshine State moniker), is known for its generally mild climate and an abundance of outdoor activities. With all these benefits, it makes sense that Florida’s population is booming.

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HomeLight

SEPTEMBER 1, 2022

While the median price of a home in Connecticut was $361,501 , as of July 2022, housing prices can vary greatly, and those seeking to buy in some of the more sought-after areas might find themselves paying well over one million for their dream home. Let’s dive into the steps of buying a house in Connecticut: 1. Assess your readiness.

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Realty Biz

NOVEMBER 11, 2020

When you begin an online search for a home, you may find some sale statuses you don’t fully understand. For example, if a home sale is contingent or pending, can you still make an offer? Let’s take a closer look at the meaning of contingent , so you can see how it might affect a home you are looking to buy.

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HomeLight

JULY 26, 2022

In a best case scenario, negotiations go smoothly, the inspection doesn’t reveal any major issues, the appraisal comes in right where it should, and the whole process is very efficient (we’ll get into what could create some hiccups later on). Is it a yard sale? A political sign? A contractor’s information? No…it’s a for sale sign!!!

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HomeLight

MARCH 6, 2023

While it’s long been considered a hub for big tech, the Bay Area, which includes San Francisco, Oakland, San José, and Sonoma, is also family friendly, diverse, and rich in arts, culture, and history. The Bay Area is also close to beaches, national parks, and the wineries of Napa Valley. Looking to Buy Your Dream Home in the Bay Area?

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HomeLight

NOVEMBER 9, 2021

If you need to sell your home pronto, now is a great time. The recent housing market has been hot and competitive due to an extreme lack of inventory. For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). Just how fast can you sell your home? You simply request a cash offer from fully vetted cash buyers.

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HomeLight

APRIL 29, 2021

It’s customary for the seller to pay for closing costs like title search, title insurance, and transfer taxes. It’s customary for the seller to pay for closing costs like title search, title insurance, and transfer taxes. Your closing attorney manages the title transfer and reviews closing documents.

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HomeLight

OCTOBER 20, 2022

Preliminary title report. Doing a title search before you put your home on the market alerts you about any pending taxes, restrictions, or liens on the property that you’ll have to clear before selling. The title company or closing agent will generate this document , which calculates your net proceeds. 1099-S tax form.

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HomeLight

JULY 31, 2021

They look for motivated sellers who want to close quickly and avoid the potential complications of financing or sale contingencies, even if it means accepting a lower offer price,” he explains. What you have is a house. What you need is cash. If only there were a way to — poof! Value-add’.

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Windemere Selling

MARCH 14, 2022

When selling your home, a buyer may make their offer with contingencies attached. Here are some common contingencies you might see in a buyer’s offer and what they mean for you. If the seller chooses not to make the repairs outlined in the buyer’s home inspection report, the buyer can cancel the contract.

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HomeLight

OCTOBER 29, 2020

And that’s before buyers even start thinking about steps like making a contingent offer. Choosing a qualified agent and searching for the perfect home in terms of ideal size, location, price, and condition can already feel like a journey, but making an offer on a property is when the challenge really begins. Home inspections.

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HomeLight

DECEMBER 31, 2020

A kick-out clause gives you the right to continue showing the home during the contingency period. If you receive another offer, your original buyer will have a certain period of time (usually 24, 48, or 72 hours) to remove the contingency holding up escrow. What does “sale pending” mean? You’re locked into the contract once you sign.

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Redfin

FEBRUARY 22, 2021

This amount covered taxes, bank fees, and third-party fees such as those charged by the title company. If you’re a first-time homebuyer , it’s easy to get caught up in the excitement of making plans for your new space. What are closing costs? . As your closing date approaches, your lender will provide a closing disclosure for you to review.

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HomeLight

AUGUST 27, 2021

According to a 2020 report from the National Association of Realtors on buyer and seller profiles, homebuying searches often took eight weeks with a median of nine homes looked at. and then see which homes in your search align with the boxes in the needs column. They wonder, “Did I spend too much money? Is this my forever home?”.

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Windemere Buying

JUNE 22, 2022

Prepare for counteroffers ahead of time with your agent by discussing your price limit , how much you’re willing to budge on your contingencies, your flexibility around closing dates, etc. Before closing, any contingencies attached to the offer must be met. The timeline for inspections during the closing process vary state to state.

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Windemere Buying

AUGUST 31, 2022

Contingencies protect buyers and sellers against these natural characteristics of the home buying process and any problems that may arise before a home sale is finalized. To sweeten their offers in such market conditions, buyers will typically waive their contingencies. Common Real Estate Contingencies. Financing Contingency.

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Redfin

JANUARY 26, 2022

For instance, if the buyer’s home inspection turns up a problem with the home, the buyer may be able to negotiate a reduced purchase price. For instance, if the buyer’s home inspection turns up a problem with the home, the buyer may be able to negotiate a reduced purchase price. What is a purchase and sale agreement?

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Realty Biz

AUGUST 2, 2023

In my experience as a real estate agent over the last thirty-plus years, many homeowners will search " sell my house fast " for the best-selling strategy. In my experience as a real estate agent over the last thirty-plus years, many homeowners will search " sell my house fast " for the best-selling strategy.

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HomeLight

JULY 29, 2022

When you’re buying a house, the list of what can go wrong at closing includes everything from issues with the mortgage loan and buyer’s credit, insurance snags, appraisal problems, title claims, and events beyond everyone’s control (such as natural disasters, or buyer or seller illness or death). Problem: Wire fraud (money goes missing).

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HomeLight

MARCH 13, 2023

Looking for cash home buyers in Orlando? Perhaps your Metro West resort-style condo isn’t bringing in the revenue you expected as a vacation rental and you don’t want to invest more money to list it on the market. Need to Sell Your House Fast in Orlando? Receive your offer within a week and close in as little as 10 days. million people by 2030.

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Redfin

MARCH 30, 2021

Lender’s title insurance protects your lender against problems with the title of your property. Once you have selected a title insurance company, they’ll run a title search and send a report of any claims found against the property, also known as encumbrances. Plan ahead for the big picture.

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Real Trends

DECEMBER 27, 2022

Inspection issues. An inspection can often reveal major issues that either side would not have been aware of. Whatever side you are on, being aware of inspection issues and how to work with them will be paramount in increasing your close rate. How often does a pending home sale fall through? Reasons your deal may slip: 1.

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Redfin

AUGUST 29, 2024

However, there are a lot of things to learn about how to buy a house, like current mortgage rates, your credit score, home inspections, and closing costs. As interest rates are dropping , now may be the time to buy a house. Long-term goals Do you plan to live in an area for at least five years? 3,000/$7,000 = 0.42

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HomeLight

MARCH 16, 2023

Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston? Receive your offer within a week and close in as little as 10 days. No showings, no repairs, no open houses.

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HomeLight

AUGUST 29, 2022

Whether you grew up in Texas, are relocating for work, or always dreamed of living in this affable state, it’s a great place to buy a house. Nicknamed the Lone Star state, Texas is the second most populous state in the country and the second largest state in land mass. Your dollars might stretch much farther here than they do in many other states.

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Realtor.com

DECEMBER 7, 2019

But as the housing market has rebounded , buyers are getting competitive —more and more are waiving those contingencies, or protections, in order to speed the deal through to closing. So getting those pesky contingencies out of the way is a win-win, right? You won’t need the lender, so you won’t need this contingency.

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