HomeLight

OCTOBER 30, 2020

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. Because it’s fast.

Closing 116

Closing Inspection contingency Title search Purchase and sale agreement 116

HomeLight

SEPTEMBER 11, 2020

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).

Earnest money deposit 98

Earnest money deposit Purchase and sale agreement Inspection contingency Home sale contingency 98

HomeLight

MARCH 31, 2022

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. Buyers may ask for the offer to be contingent on other factors, such as the sale of their existing home or their ability to obtain financing.

Purchase and sale agreement 111

Purchase and sale agreement Inspection Title Inspection contingency 111