HomeLight

JULY 6, 2023

So what are the contract stipulations that put a listing into that “Contingent” stage, and how common is it for a property to hang in closing limbo? Here are 5 common contingencies in real estate contracts: Inspection contingency A buyer and their lender understandably want a home inspection to make sure they’re not investing in a lemon.

MLS 105

MLS Backup offer Inspection contingency Purchase and sale agreement 105

Redfin

MARCH 4, 2025

There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. Preforeclosure can be tricky as sometimes the properties may never be for sale. Short sales A short sale is not the same as a foreclosure or a pre-foreclosure.

Pre-approval 31

Pre-approval FHA loan Short sale Banks 31

HomeLight

OCTOBER 29, 2020

Contingencies can range from the relatively minor or otherwise workable — like requesting a $3,000 allowance to fix a plumbing issue that was revealed during inspection — to more serious stipulations, such as a buyer needing to sell their existing house before closing on the next. Negotiable contingencies. Home inspections.

Purchase and sale agreement 81

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

HomeLight

JULY 29, 2022

There are certain properties I would immediately order a title search before I do anything else: A foreclosure , a short sale , a bankruptcy, an estate sale,” Houck says. A lender might not lend you more than the home is worth so if the appraisal comes in low (lower than your purchase price), you might have a problem.

Closing 105

Closing Purchase and sale agreement Title Home sale contingency 105