HomeLight

JUNE 9, 2023

A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. Get Started Are contingencies common in real estate? “All

Home sale contingency 145

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 145

Realty Biz

AUGUST 22, 2022

In my eagerness to buy my first home, I made a full-price offer with the only continency being that my mortgage was approved. I didn’t even include an inspection contingency. In a few short weeks, the market has gotten much softer in this neighborhood and I’m not even sure the house will appraise for my purchase offer.

Purchase and sale agreement 95

Purchase and sale agreement Earnest money deposit Pre-approval Home sale contingency 95

HomeLight

JULY 31, 2020

There’s a house for sale that you want to buy. These are the top home closing delays that could affect if and when you close on your new home, and how to overcome them. Loan approval. For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property.

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Closing Purchase and sale agreement Title search Earnest money deposit 119

HomeLight

JUNE 23, 2022

In many cases, if a homebuyer wants to back out of a contract and retrieve their earnest money, they’ll be able to find a way to do so within the confines of the real estate purchase contract. The typical amount is around 1% of the purchase price (ex. $5k 5k for a $500K home). Is earnest money refundable?

Earnest money deposit 111

Earnest money deposit Purchase and sale agreement Due diligence Home sale contingency 111

HomeLight

NOVEMBER 9, 2021

If you need to move even more swiftly than that, selling to an online direct buyer through a platform like HomeLight’s Simple Sale could take as little as 10 days. How it might take 12-75 days to sell your home. This means, using the conventional process, you can generally sell your home in as little as 48-75 days.

Purchase and sale agreement 105

Purchase and sale agreement Home sale contingency Title search Inspection 105

First Team Real Estate

DECEMBER 7, 2020

Here’s how to review details in a tidy, orderly manner so you can make sense of your home sale. In numerous cities, home buyer demand is up while inventory stays low– leaving house hunters fighting it out in multiple-offers scenarios and sellers attempting to browse everything. How flexible is the buyer on timing?

Purchase and sale agreement 98

Purchase and sale agreement Pre-approval Title Backup offer 98

Realty Biz

JULY 1, 2023

Navigating the escrow process is a critical aspect of home buying, ensuring a secure and smooth transaction for both buyers and sellers. Escrow acts as a neutral third party that holds funds and documents until all conditions of the home purchase are met. Selling your home can be a bumpy journey.

Purchase and sale agreement 77

Purchase and sale agreement Earnest money deposit Title search Pre-approval 77