HomeLight

MARCH 30, 2021

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? That’s why we’ve put together this guide to due diligence for a homebuyer. Free Homebuying Due Diligence Checklist.

Due diligence 105

Due diligence Inspection Title Pre-approval 105

Point2Homes

DECEMBER 7, 2020

Getting Pre-Approved. It’s always advisable to get pre-approved for a mortgage in any home purchase so you can make sure that you can actually get the loan that you believe your income justifies. Moreover, applying for pre-approval will ensure that you’re not wasting your time looking at homes that are over your budget.

Debt-to-income ratio 118

Debt-to-income ratio Pre-approval Inspection Inspection contingency 118

HomeLight

AUGUST 31, 2021

The most obvious contingency with an offer that requires financing is, of course, the financing itself. submit your purchase offer with a pre-qualification or preapproval letter from a lender, these funds aren’t a sure thing until the loan is fully approved. Though you can (and should!)

Due diligence 106

Due diligence Inspection Pre-approval Pre-qualification 106

Point2Homes

SEPTEMBER 30, 2021

The Buyer Is Not Pre-approved for a Loan. Although buyers are not required to be pre-approved for a loan in order to buy a house, expecting them to be is perfectly reasonable. As a seller, you will save valuable time when dealing with pre-approved buyers. The Buyer Is Asking for Cashback.

Pre-approval 98

Pre-approval Inspection contingency Proof of funds Due diligence 98

Realty Biz

NOVEMBER 11, 2020

The home could be subject to a few different types of contingency. Let’s have a look at the most common types of contingency you are likely to see. Home Inspection Contingency. The purchase of the property can be contingent on the home inspector’s report. The Mortgage Financing Contingency.

Backup offer 111

Backup offer Home sale contingency Sales Earnest money deposit 111

HomeLight

SEPTEMBER 15, 2021

Pre-listing inspection report. Contingency removal form (CA-specific). Home inspection report. If a buyer’s mortgage lender requires a copy of the homeowners insurance, you’ll need to provide it for the loan to be approved. Give buyers time to conduct a lead inspection. Pre-listing inspection report.

Purchase and sale agreement 116

Purchase and sale agreement Inspection Title Pre-approval 116

HomeLight

MARCH 16, 2023

More certainty: With a pre-offer walk-through, a cash home buyer can typically provide a firm cash offer that comes with few contingencies, or no contingencies at all. With a cash home buyer, there are usually no financing or inspection contingencies typically found in traditional real estate contracts.

Sales 93

Sales Purchase and sale agreement Earnest money deposit Investor 93