HomeLight

JUNE 30, 2021

An appraisal contingency allows the homebuyer to back out of the contract if the purchase price is more than the appraised value. Home sale contingency. With a home sale contingency , the transaction is contingent on the sale of the buyer’s home. Zoning contingency.

Purchase and sale agreement 98

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 98

HomeLight

MARCH 31, 2022

A good time to fill out Florida’s Seller Property Disclosure is prior to listing your home so that you know it’s taken care of. Price is a major factor, as are other details of the agreement such as whether you’ll cover any of the buyer’s closing costs, when you’ll agree to move out, and which contingencies will be included in the contract.

Purchase and sale agreement 111

Purchase and sale agreement Inspection Title Inspection contingency 111

HomeLight

SEPTEMBER 14, 2022

Offering different seller concessions to potential buyers can help make your house stand out and give that extra nudge for a faster sale. Some incentives include offering a home warranty , making repairs, leaving desirable fixtures behind, paying closing costs, or offering to buy down the interest rate.

Marketing 122

Marketing Inspection Staging Seller concession 122

HomeLight

MARCH 31, 2023

When it comes to real estate, a bridge loan (sometimes known as a swing loan or bridging loan) is a short-term loan to help homeowners during the transition of buying a new home while selling their current home. In many cases, the lender providing your new mortgage will also handle your bridge loan. Who provides bridge loans?

Loans 101

Loans Debt-to-income ratio Equity Finance 101

HomeLight

JANUARY 4, 2022

When a buyer adds contingencies to a real estate contract, the risk of a delayed or cancelled settlement increases. A cash buyer will generally not use a financing, appraisal, or home sale contingency , and many cash buyers will inspect the property for informational purposes only. You’ll likely see higher offers.

Investor 98

Investor Finance Inspection Sales 98

HomeLight

MARCH 31, 2023

The most common scenario in real estate where a California buyer will need to apply for a bridge loan occurs when they need to purchase their new property before their old home has sold. In this case, they will use the equity from their previous home to cover the down payment and closing costs for their new purchase.

Equity 104

Equity Loans Debt-to-income ratio Finance 104

HomeLight

NOVEMBER 21, 2022

Next: Consult our guide on who pays closing costs when selling a house by owner for more details. Finally, a FSBO sale does not mean that a seller won’t need any professional assistance. In South Carolina, a real estate attorney is required to oversee the closing process. Look for a good real estate attorney.

Purchase and sale agreement 102

Purchase and sale agreement MLS Pre-approval Agents 102

HomeLight

APRIL 26, 2023

Next: Consult our guide on who pays closing costs when selling a house by owner for more details. Finally, a FSBO sale does not mean that a seller won’t need any professional assistance. If there’s a home sale contingency , contact the agent selling the home to see where they are in the process.

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MLS Agents Sales Closing 97