HomeLight

OCTOBER 1, 2020

If the appraiser only looked at sold listings while there are pending sales that might be more comparable to your would-be property, that’s something else that can affect a home’s appraised value. Short sales in the neighborhood . In some cases, short sales may be to blame for a low appraisal.

Purchase and sale agreement 98

Purchase and sale agreement Short sale Rent back Sales 98

HomeLight

NOVEMBER 10, 2021

They’ll know whether offering a rent-back period could sweeten the deal, or if it’s more common to pay seller closing costs. When it’s time for the inspection, they’ll reassure you that a damp basement is normal for the town, or tell you to get it checked out by a professional. Step 9: Order an inspection.

Inspection 98

Inspection Title Agents Pre-approval 98

HomeLight

APRIL 21, 2022

If specific criteria aren’t met, the deal can fall through; i.e., the sale is contingent upon various factors outlined in the offer. Common contingencies include an inspection contingency and an appraisal contingency. You’re behind on mortgage payments or facing foreclosure or a short sale.

Inspection contingency 111

Inspection contingency Home sale contingency Pre-approval Agents 111

HomeLight

JANUARY 4, 2022

A cash buyer will generally not use a financing, appraisal, or home sale contingency , and many cash buyers will inspect the property for informational purposes only. Your inspection could reveal a big repair that you did not anticipate, forcing a renegotiation. You’re overwhelmed with prepwork.

Investor 98

Investor Finance Inspection Sales 98

HomeLight

APRIL 29, 2021

For example, in 2017, a competitive housing market in Western Washington prompted “serious buyers” to waive home inspections and financing contingencies. Buyers may also throw in deal sweeteners such as a seller rent back , which allows you to stay in the home (renting from the buyer for a period of time) after closing.

Marketing 111

Marketing Sales Agents Construction 111

HomeLight

DECEMBER 15, 2022

Pre-foreclosure or short sale transactions. Someone facing a foreclosure or who has negotiated a short sale with their lender could have a very negative reaction. If the appraisal comes in low , or the home inspection reveals major issues, you might want some wiggle room for negotiations.

Inspection 105

Inspection Closing Rent back Agents 105