Closing Home sale contingency Mortgages 
HomeLight
MARCH 20, 2023
After all, few people can afford to hold two mortgages. At the same time, it usually does not make sense for buyers to sell their home without having a new one lined up to move into. So what options does that leave for the homebuyer who must also be a home seller ? Find a Buyer's Agent What is a home sale contingency?
Housing Wire
FEBRUARY 14, 2024
Jeremy Foster: The traditional home purchase process for homeowners is broken. A majority of homeowners must sell their current home before they can qualify for a mortgage on their next home due to federal lending requirements around debt-to-income and down payments.
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HomeLight
MARCH 31, 2022
For instance, getting preapproved for a mortgage is imperative in the 2022 tight market. Cash offers or flexibility in choosing a closing date can also be attractive enticements to a seller. What is a contingency clause? Let’s begin by looking at the “what” and “why” of contingency clauses.
HomeLight
JUNE 9, 2023
A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. What are the most common contingencies?
HomeLight
JULY 31, 2020
Closing on a house seems pretty straightforward. There’s a house for sale that you want to buy. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. So the answer to “how long does it take to close on a house?” How it can delay closing. Easy, right? Yeah, not so much.
HomeLight
FEBRUARY 20, 2025
Well, according to Florida real estate agent Damian Costantino, a contingency is a stipulation written into the purchase contract that needs to be met or resolved before moving to the closing table. Essentially, its a condition the buyer or seller has to clear up before the sale can continue.
HomeLight
JULY 29, 2022
Closing on a house is a thrilling time for buyers : Once you’ve found the one and have an accepted offer, you’re ready to grab the keys and make it your own. But closing time can also be plenty to rack your nerves. What can go wrong on the buyer’s side at closing. Problem: There’s an issue with the Closing Disclosure.
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