HomeLight

MARCH 20, 2023

That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. Find a Buyer's Agent What is a home sale contingency? Thus, the purchase agreement is “contingent” on the sale of the buyer’s existing home.

Home sale contingency 105

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 105

HomeLight

SEPTEMBER 11, 2020

The seller will either accept your offer (in which case it becomes your purchase agreement ), or will counter your offer (you can accept or counter again), or the seller could also flatly decline. No sales contingency? Make sure your agent stresses that your offer doesn’t contain a sales contingency.

Earnest money deposit 98

Earnest money deposit Purchase and sale agreement Inspection contingency Home sale contingency 98

Realtor.com

OCTOBER 29, 2020

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. If something is wrong, you can request that it be fixed—or you can back out of the sale. Clear the title.

Closing 139

Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

Realty Biz

MAY 16, 2022

With so few homes for sale, buyers are fighting over each property that hits the market. When a buyer doesn’t want to be on the hook for a significant disparity between the purchase price and appraised value, they can offer an appraisal gap clause instead. Give The Seller Their Closing and Agree to a Rent Back if Needed.

Earnest money deposit 96

Earnest money deposit Purchase and sale agreement Rent back Inspection 96