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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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
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.
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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