HomeLight
JANUARY 12, 2024
If you’ve been shopping for a home, you’ve likely come across the term “loan contingency,” and you may be considering including this clause in your purchase offer. Or perhaps you’ve already made a loan-contingent offer, and you’re wondering about contingency removal. What is a loan contingency?
HomeLight
JANUARY 31, 2024
These conditions, or contingencies, are agreed upon by the buyer and seller during the negotiation phase. Appraisal contingency: This ensures that the property must be appraised at a value equal to or higher than the sale price. Essentially, the deal can proceed to closing only if these specified conditions are fulfilled.
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HomeLight
NOVEMBER 29, 2021
If you follow interior design trends, you may want to stage and style your home yourself. Selling solo: Design and print home flyers and a front yard sign letting everyone know. When reviewing an incoming offer, you’ll take into consideration the overall offer terms, such as: the buyer’s ability to qualify for a home loan.
The Close
DECEMBER 12, 2024
In many cases, there may not have been a will or designated heirs, or the heirs might choose not to retain or maintain the property. Custom landing pages and lead capture forms (Source: Placester ) Enlist Placester’s help to develop your website and landing page designs. They also can arise from divorce proceedings.
HomeLight
AUGUST 23, 2022
Cash eliminates the lender-ordered appraisal as well as the time it takes to close on the buyer’s loan, creating a faster and clearer path to settlement. Some buyers may even make a cash offer with no loan contingency, but then may end up getting a mortgage. Only about five percent of Lynn’s offers are from cash buyers.
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