Real Trends

DECEMBER 27, 2022

Home sale contingency. I’ve shared the situations that can trigger a home inspection contingency or appraisal contingency. You should also be aware of home sale contingency. With this contingency, the buyer’s home must be sold before they can close on their desired purchase. Financing fallout.

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Sales Home sale contingency Pre-approval Inspection 60

Realty Biz

AUGUST 2, 2023

In addition, an experienced agent will have established relationships with other industry professionals, such as mortgage lenders, home inspectors , and title companies. It involves various steps, such as the verification of documents, title search, and fund disbursement.

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Purchase and sale agreement Title Staging Inspection 93

HomeLight

OCTOBER 30, 2020

Maybe you aren’t using a loan, but you can still run into cash flow issues. Real estate contract contingencies are commonly associated with getting a mortgage, as lenders tend to do their due diligence on a property before they’ll put up the money for it. The title isn’t clear. “Wait a minute,” you’re probably thinking.

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Closing Inspection contingency Title search Purchase and sale agreement 110

HomeLight

OCTOBER 20, 2022

The buyer’s lender will probably require their own appraisal as part of their loan approval process. Preliminary title report. Doing a title search before you put your home on the market alerts you about any pending taxes, restrictions, or liens on the property that you’ll have to clear before selling.

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Purchase and sale agreement Pre-approval Inspection MLS 97

HomeLight

MARCH 13, 2023

Booming tourism industry spurs investor activity With warm weather and popular attractions like Walt Disney Disney World and Universal Orlando Resort, Orlando is one of the country’s top tourist destinations with nearly 60 million visitors each year. Both parties sign a contract and submit it to a title company.

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Sales Investor Due diligence Renovation 74

HomeLight

JULY 31, 2021

Here’s a little background on what cash buyers tend to prioritize and look for when they make an offer, according to experts in the real estate and investing industry we spoke with directly. According to the latest data from Ellie Mae, the purchase loans are taking an average of 50 days to close as of May 2021. Inspection period.

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Earnest money deposit Inspection Inspection contingency Proof of funds 98