Redfin

MARCH 4, 2025

Lenders will typically clear the title and vacate the property before selling it to you. Government-owned properties Some mortgages are government-backed, like VA loans and FHA loans. If a buyer with a government-backed loan goes into foreclosure, the government will take control of the property.

Pre-approval 35

Pre-approval FHA loan Short sale Banks 35

HomeLight

MAY 28, 2021

An inspection can tell you upfront the exact issues with the house so you know what money you might have to spend down the line. It’s also wise to add an inspection contingency in your purchase contract , so if the inspection shows more repairs than you expected, you can walk away. Conduct a title search.

As-is 100

As-is Inspection Title search Inspection contingency 100

HomeLight

JANUARY 27, 2021

You can usually shop around for the home inspection , title and settlement services, and home insurance. Also, lender fees — which can add up to 3% onto the loan amount — are entirely at the lender’s discretion. Definitely include an inspection contingency. Of course, sellers love an inspection-free deal.

Closing costs 119

Closing costs Inspection Loans Earnest money deposit 119

Redfin

AUGUST 29, 2024

Closing costs typically include appraisal costs, home inspection fees, title insurance, and more. Decide what type of mortgage is best for you There are many different factors that can help determine what mortgage loan is right for you and which ones you qualify for. VA loan: Backed by the U.S.

Earnest money deposit 63

Earnest money deposit Purchase and sale agreement Pre-approval Debt-to-income ratio 63

HomeLight

OCTOBER 29, 2021

If you’re a service member or veteran, you probably qualify for a VA loan, which means you can take advantage of a loan with a 0% down payment. With VA loans, you get to skip paying mortgage insurance, so that’s a big plus and a big savings on your monthly payment. But still get a home inspection!

Inspection 98

Inspection Loans VA loan Title 98

HomeLight

JUNE 30, 2022

Even in a competitive housing market, where buyers are waiving inspection contingencies , it’s always a good idea to get an inspection so you know what exactly is wrong with the house before you take ownership. Some loan programs, such as those backed by the FHA , allow for a down payment as small as 3.5%

Purchase and sale agreement 96

Purchase and sale agreement Inspection Earnest money deposit Closing costs 96

HomeLight

MARCH 13, 2023

Joseph has encountered active military who recently purchased homes with a VA loan, but got orders to ship out only to find that their home hadn’t appreciated much in a short time. Home-buying companies generally pick up closing costs including title search and title insurance that usually range from 1.5%

Sales 98

Sales Investor Due diligence Renovation 98

HomeLight

DECEMBER 29, 2023

Adverse material facts may include (but are not necessarily limited to) matters such as environmental hazards, physical condition, and material defects in a Property or title thereto. I’ll give an inspection contingency, that’s it. According to the document, a seller who knows an adverse material fact (e.g.,

As-is 110

As-is Inspection Finance Loans 110

HomeLight

AUGUST 24, 2022

When you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan. These are standards related to the overall condition of a property which will play a role in the willingness and/or ability of a lender to finance a buyer’s loan.

As-is 111

As-is Inspection Closing costs Investor 111

HomeLight

AUGUST 12, 2022

Often, that means advocating for the removal of inspection contingencies. “In When you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan. Closing costs: Sellers Advantage pays all closing costs. out of 5 stars.

As-is 111

As-is Purchase and sale agreement Natural hazards disclosure Closing costs 111