Remove Agents Remove Closing Remove Closing costs Remove Home sale contingency
article thumbnail

How does the “buy before you sell” model differ from iBuyers and Power buyers?

Housing Wire

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. The original home is usually purchased at a discount.

article thumbnail

Under Contract vs. Pending: A Home Buyer’s Guide to Status Tags

HomeLight

In this post, we’ll explain terms like “under contract,” “sale pending,” and “active under contract” and how they might impact your home-buying journey. We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

17 Home Closing Delays and How You Can Avoid Them

HomeLight

Closing on a house seems pretty straightforward. There’s a house for sale that you want to buy. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. So the answer to “how long does it take to close on a house?” How it can delay closing. Easy, right? Yeah, not so much.

Closing 110
article thumbnail

House Hunting: How to ‘Buy Before You Sell’ With HomeLight

HomeLight

You’re likely counting on earned equity to fund your deposit and cover closing costs. The benefit of buying before selling is peace of mind,” explains Christine Marion, a HomeLight Buy Before You Sell Certified agent who serves on the top-performing Ryan Raymond team in Sarasota, Flordia.

article thumbnail

What Are Common Terms and Conditions in a House Offer

Realty Biz

Due to bidding wars, many homes are selling way above the asking price. If you need assistance from the seller to pay closing costs, you can add that as one of your offer terms and conditions. Closing costs are fees that need to be paid on top of the home’s purchase price, and they can be between 3% and 6% of that price.

article thumbnail

How to Avoid a Delayed Closing: 7 Common Roadblocks to Be Aware of

Redfin

Once your offer has been accepted, the excitement kicks in, and the countdown to closing begins. But before you can get your keys, you’ll want to be cautious of any roadblocks or setbacks that could cause a delayed closing and postpone your move-in date. So how can you avoid a delayed closing? What does delayed closing mean?

Closing 63
article thumbnail

Real Estate Terminology: Contingent, Pending, Under Contract, and More

Windemere Selling

The following information is meant to clarify some common real estate terms that describe a home for sale and its position in the closing process. For sellers, understanding this terminology will inform your conversations with your agent when it comes time to sell. What does contingent mean in real estate?