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Think The Cash Closing Process Is Always Fast? 11 Delays Buyers Should Watch Out For

HomeLight

A cash deal can close in as little as 7 days, while financed home purchases tend to take an average of 45 days to close. And if you add a home sale contingency into the mix (that is, if you need to sell your current home before you can buy a new one), closing the deal can take even longer. Financing issues.

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Everything You Need to Know About Making an Offer: 15 Tips for Homebuyers

HomeLight

The offer will include any contingencies — clauses that allow you to cancel the purchase agreement and get your earnest money deposit back, should certain conditions not be met. The most common contingencies include: A home inspection contingency to protect buyers’ interests. Source: (Pixabay / Pexels).

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10 Things to Know About the ‘Sale Pending’ Phase, aka House Closing Limbo

HomeLight

Things that could derail a sale during the sale pending period include: The home inspection. Contingencies that fail to be met or lifted. The buyer’s financing with a lender. Most buyers will add a number of contingencies to the contract, such as the home inspection, appraisal, and financing contingency.

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How to Sell a House by Owner in Florida (2022 Updates)

HomeLight

The form will walk you through documenting what you know about which features your home has, such as trash compactor, number of ceiling fans, and the brand of your oven and dishwasher. Let’s review some of the top points of negotiation you may encounter: Contingencies. Closing date. Closing dates can be subject to negotiation as well.

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Can You Sell a House with Code Violations? Here are Your Options

HomeLight

Whether you’re selling a mid-century ranch in an established neighborhood, a 1920s arts and crafts bungalow on a tree-lined avenue, or a brand new contemporary white box in a just-built subdivision, a home inspection may very well reveal code violations. This should not create a panic situation.