HomeLight

JULY 31, 2021

Although it’s not as sure of a bet, you could also attract a regular residential buyer who has enough liquid assets to buy a house outright. Earnest money deposit. The title company will complete a title search to make sure the home doesn’t have any outstanding claims.

Earnest money deposit 98

Earnest money deposit Inspection Inspection contingency Title 98

HomeLight

OCTOBER 29, 2020

If you’re obtaining traditional financing, waiving the financing contingency can put your earnest money deposit at risk. Review the detailed settlement document provided by the closing attorney and you’ll see a line item for a property title search. So can a financing contingency be negotiable?

Purchase and sale agreement 81

Purchase and sale agreement Pre-approval Earnest money deposit Inspection 81

HomeLight

OCTOBER 5, 2020

Before you bid, it’s a good idea to run a title search , which will give you an indication of any liens on the home. In areas with a lot of residential demand, flippers or future landlords may crowd foreclosure auctions hoping to snag a deal — just like you. As you would expect, competition is neighborhood-specific.

Due diligence 72

Due diligence Earnest money deposit Banks Inspection 72

The Close

DECEMBER 29, 2022

Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. An established chain of title helps protect the buyer from future challenges to ownership. A title search helps create that chain and is usually conducted by a lawyer or title company.

Purchase and sale agreement 98

Purchase and sale agreement Title Pre-approval Proof of funds 98