HomeLight

JUNE 30, 2021

There’s more that goes into making an offer besides landing on a purchase price. Step 1: Land on your offer price. You’ll want to land on a price that’s competitive without overpaying — but there’s more to it than that. Arledge explains that an agent will be the best source when it comes to landing on a strong offer.

Purchase and sale agreement 78

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 78

HomeLight

JULY 31, 2021

When looking for properties to buy, he focuses on single- and multi-family homes rather than vacant land or mobile homes because they allow for “value-add.”. Inspection period. Pay attention to the number of days allotted for the cash buyer to complete their inspection. Step 6: Pass the inspection.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

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 77

Purchase and sale agreement Pre-approval Earnest money deposit Inspection 77

HomeLight

JUNE 30, 2022

Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. 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.

Purchase and sale agreement 70

Purchase and sale agreement Inspection Earnest money deposit Closing costs 70

HomeLight

JULY 31, 2020

If all else fails and the repairs are too significant, it’s important to have an inspection contingency in the contract that allows the buyer to cancel the deal after evaluating the inspection report without losing their earnest money deposit. Asking for a home warranty to cover questionable or outdated features. Survey issues.

Closing 104

Closing Purchase and sale agreement Title search Earnest money deposit 104