HomeLight

JANUARY 13, 2022

Common contingencies include issues with appraisals, home inspections, or the buyer’s home sale. In other words, the primary deal on an active contingent listing might (maybe) fall through, causing sellers to place their home back on the market — or accept a backup offer. “I Inspection contingencies.

Backup offer 97

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 97

HomeLight

DECEMBER 31, 2020

Things that could derail a sale during the sale pending period include: The home inspection. Most buyers will add a number of contingencies to the contract, such as the home inspection, appraisal, and financing contingency. Line up backup offers to hedge your risk. You’re not entitled to see the full inspection report.

Closing 105

Closing Backup offer Sales Inspection 105

HomeLight

NOVEMBER 8, 2024

A home is marked as pending once an offer is accepted and both parties have agreed to the sale’s terms. This can mean that the buyer’s financing is approved, the inspection contingency is met, or any appraisal concerns are resolved. Most pending listings are off-limits for new offers, as the seller has already committed to a buyer.

Inspection contingency 94

Inspection contingency Backup offer Inspection Home sale contingency 94

Redfin

MARCH 5, 2025

Below are some of the best ways to find an affordable home without breaking the bank. Check out public auctions and foreclosures Another effective way to learn how to find cheap houses is by exploring public auctions and bank-owned foreclosures.

Debt-to-income ratio 31

Debt-to-income ratio Backup offer Finance Pre-approval 31

HomeLight

OCTOBER 11, 2021

Instead, they have to get the bank to agree to forgive the difference between what they owe on the house and the agreed-upon sales price. With a short sale, the bank is the one accepting the offer,” he says. The bank is the one who will ultimately be losing money on the deal, so they have to approve it.” .

Short sale 101

Short sale Sales Banks Backup offer 101

Redfin

MARCH 5, 2025

Below are some of the best ways to find an affordable home without breaking the bank. Check out public auctions and foreclosures Another effective way to learn how to find cheap houses is by exploring public auctions and bank-owned foreclosures.

Debt-to-income ratio 31

Debt-to-income ratio Backup offer Finance Pre-approval 31

HomeLight

DECEMBER 30, 2021

After being under the microscope at open houses and inspection, you may wonder: What’s the point of this final examination? The appraiser is simply a third-party professional who comes to the property to make sure the bank is lending on a property that is actually there, has the size and features (bedrooms, baths, etc.)

Loans 119

Loans Agents Inspection Closing 119