HomeLight

NOVEMBER 10, 2021

They’ll know whether offering a rent-back period could sweeten the deal, or if it’s more common to pay seller closing costs. When it’s time for the inspection, they’ll reassure you that a damp basement is normal for the town, or tell you to get it checked out by a professional. Step 9: Order an inspection.

Inspection 98

Inspection Title Agents Pre-approval 98

HomeLight

AUGUST 31, 2021

The lender usually also requires additional contingencies before they’ll approve the loan, such as an appraisal contingency to make sure the home is worth the amount they are loaning you to buy it, and an inspection contingency to see if there are any potential problems. A cash buyer is more likely to waive appraisal and inspections.

Due diligence 106

Due diligence Inspection Pre-approval Pre-qualification 106

The Close

FEBRUARY 6, 2024

For example, many agents ask sellers to cover closing costs for their buyer clients. If your buyers can pay for their closing costs, that could put them at the top of the heap. When you remove the possibility of your buyers backing out, you’re giving that seller peace of mind that your clients are in it to win it.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

HomeLight

APRIL 19, 2021

Closing costs can range from 2.5% Inspections & attorneys. Buyers of homes in smaller buildings (with between 5 and 10 units) pay a larger percentage to cover the cost of building upkeep, compared to those who purchase a home in a high-rise. million in condos. Flood zones in the city?

Earnest money deposit 89

Earnest money deposit Inspection Due diligence Agents 89

HomeLight

APRIL 21, 2022

Therefore, the fewer contingencies tied to an offer, the more likely the deal will reach closing. Common contingencies include an inspection contingency and an appraisal contingency. One solution might be a rent-back that would financially compensate a patient buyer if the seller needs more time to transition after the sale.

Inspection contingency 111

Inspection contingency Home sale contingency Pre-approval Agents 111

HomeLight

JANUARY 4, 2022

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. Your inspection could reveal a big repair that you did not anticipate, forcing a renegotiation. You’re overwhelmed with prepwork.

Investor 98

Investor Finance Inspection Sales 98

HomeLight

MAY 24, 2022

Although Quinn says buyers are more likely to forgo home inspections , they are reluctant to purchase houses that need work — especially with the current challenges of finding contractors or building supplies. Ask buyers to rent back if you need more time to find the right property or rent another home until you do.

Pre-approval 98

Pre-approval Equity Agents Closing costs 98

HomeLight

MARCH 28, 2022

Also known as a seller rent-back agreement or a holdover , this allows you to stay in your home for a designated period ?of Essentially, it makes the buyer your landlord so you have time to rent or buy a new home and arrange for the movers to collect your belongings. of time after you sell. Address any mechanical issues ASAP.

Purchase and sale agreement 119

Purchase and sale agreement Agents Equity Staging 119

HomeLight

OCTOBER 12, 2020

She talked about the five parts of an offer: price, earnest money, down payment, close date, and what she calls the miscellaneous bucket. That last one, miscellaneous bucket, that includes things like contingencies and rent backs and so forth. I’ve gonna give them free rent back.

Agents 98

Agents Inspection Inspection contingency Pre-approval 98

HomeLight

MARCH 22, 2021

She talked about the five parts of an offer: price, earnest money, down payment, close date, and what she calls the miscellaneous bucket. That last one, miscellaneous bucket, that includes things like contingencies and rent backs and so forth. I’ve gonna give them free rent back.

Agents 75

Agents Inspection Inspection contingency Pre-approval 75

HomeLight

DECEMBER 15, 2022

If the appraisal comes in low , or the home inspection reveals major issues, you might want some wiggle room for negotiations. For many of them, they want a short inspection period, such as three to five days, a quick close, i.e. 30 days, possibly a rent-back option , or for the buyer to waive the inspection or appraisal contingencies.

Inspection 105

Inspection Closing Rent back Agents 105