HomeLight

MARCH 20, 2023

Most often, this type of scenario calls for a home sale contingency. With the help of real estate agent Jesse Allen , a single-family home expert in southern Indiana , we’ll help to explain the ins and outs of home sale contingencies, and offer additional alternatives for buyers who currently own a home.

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

HomeLight

MARCH 31, 2022

But one of the most influential bargaining tools is eliminating contingency clauses, especially the seller contingency clause, also known as the home sale contingency. What is a contingency clause? Let’s begin by looking at the “what” and “why” of contingency clauses. Source: (Masjid MABA / Unsplash).

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Home sale contingency Sales Purchase and sale agreement Inspection contingency 104

HomeLight

APRIL 21, 2022

Cash vs. financing : Cash offers usually result in a faster sale than mortgage-backed offers; if speed is an important aspect of the sale, this could make a significant difference. Therefore, the fewer contingencies tied to an offer, the more likely the deal will reach closing.

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Inspection contingency Home sale contingency Pre-approval Agents 111

HomeLight

JANUARY 4, 2022

According to a Q3 2021 study by ATTOM Data Solutions, all-cash home sales are at their highest level since the first quarter of 2015, with 34% of all single-family homes and condos purchased without financing. “In Who’s paying cash for houses? Reasons to sell your house for cash.

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Investor Finance Inspection Sales 98

HomeLight

SEPTEMBER 23, 2021

Interest rates are another critical factor to take into consideration when deciding when to sell your home. When interest rates are lower , buyers are more inclined to purchase and finance a home. Alessi provides this example: A buyer could afford a $350,000 home at 2.8%

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Rent back Home sale contingency Agents Sales 98

HomeLight

SEPTEMBER 11, 2020

Your offer will be stronger if you build in some wiggle room relating to factors that might seriously entice the seller to pick you: Can you offer rent-back? No sales contingency? Are you a first-time homebuyer, or have you already sold your home? Decide where you can be flexible. A bigger down payment?

Earnest money deposit 98

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

HomeLight

JANUARY 28, 2022

These are some common contingencies in a traditional offer: Financing contingency : The buyer can leave the deal if they can’t obtain financing. Home sale contingency : The buyer’s existing home has to sell before they will purchase the home. Cash buyers may have hidden fees.

Purchase and sale agreement 111

Purchase and sale agreement Investor Agents Sales 111