Remove Closing costs Remove Home sale contingency Remove Pre-approval
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17 Home Closing Delays and How You Can Avoid Them

HomeLight

These are the top home closing delays that could affect if and when you close on your new home, and how to overcome them. Loan approval. For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. Home sale contingency.

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Bridge Loans in Ohio: Smart Equity Use to Buy Before You Sell

HomeLight

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

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A Seller’s Guide To When A Buyer Does and Doesn’t Get Their Earnest Money Back

HomeLight

It is usually held in the broker’s or title company’s trust or escrow account until closing. The earnest money typically goes towards the buyer’s down payment or closing costs. It is refunded to the buyer only upon certain contingencies specified in the contract. Buyer’s current home doesn’t sell in time.

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Multiple Offers on Your Home? 14 Concerns You Must Address with Your Realtor

First Team Real Estate

Pre-approval: These days, being pre-approved for a loan is basically a requirement in competitive markets. Any contingency consisted of in the agreement needs to be kept in mind and thought about. When providing deals to sellers, it’s crucial that they comprehend how contingencies may affect the sale.

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13 of the Top House Buying Companies in 2022

HomeLight

Different companies offer different amounts for homes, but the price discount can be steep. These companies can also provide a quick and flexible closing, reduce or eliminate the need for repairs, and in many cases will cover all of a seller’s closing costs. Example home trade-in companies: HomeLight Trade-In.

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Do I Accept the First Offer on My House, or Wait and See?

HomeLight

Cash vs. financing : Cash offers usually result in a faster sale than mortgage-backed offers; if speed is an important aspect of the sale, this could make a significant difference. Therefore, the fewer contingencies tied to an offer, the more likely the deal will reach closing. To accept, or not to accept: Let’s recap.

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Here’s How You Can Make an Offer On a House Without a Realtor® in 9 Steps

HomeLight

Some states require only 40 hours of pre-licensing classes, while others may require more than 200 hours, for example. There are several different factors that determine home affordability and each lender can have its own mortgage approval standards when it comes to the buyer’s credit score, income, assets, debt, and liabilities.