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 89

Inspection Title Agents Pre-approval 89

HomeLight

MARCH 2, 2023

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. Do they need to do a rent-back on the house, or do they want a quick close?

Closing 95

Closing Earnest money deposit Sales Inspection 95

HomeLight

MARCH 20, 2023

Other common contingency clauses include: Inspection Contingency: If the buyer finds fault with the home inspection report, they can ask for the seller to make repairs, or they can cancel the contract within the contingency period. Offer to pay the seller’s closing costs. Allow the sellers to select the closing date.

Home sale contingency 93

Home sale contingency Purchase and sale agreement Sales Earnest money deposit 93

Realtor.com

OCTOBER 29, 2020

These are the most common contingencies that are part of your new home closing process: Home inspection contingency: This gives buyers the right to have the home professionally inspected. If something is wrong, you can request that it be fixed—or you can back out of the sale. Bring the necessary documentation to closing.

Closing 139

Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

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

MARCH 22, 2021

She talked about the five parts of an offer: price, earnest money, down payment, close date, and what she calls the miscellaneous bucket. That last one, miscellaneous bucket, that includes things like contingencies and rent backs and so forth. I’ve gonna give them free rent back.

Agents 73

Agents Inspection Inspection contingency Pre-approval 73

HomeLight

MARCH 28, 2022

Also known as a seller rent-back agreement or a holdover , this allows you to stay in your home for a designated period ?of Essentially, it makes the buyer your landlord so you have time to rent or buy a new home and arrange for the movers to collect your belongings. of time after you sell. Address any mechanical issues ASAP.

Purchase and sale agreement 114

Purchase and sale agreement Equity Agents Staging 114

HomeLight

OCTOBER 12, 2020

She talked about the five parts of an offer: price, earnest money, down payment, close date, and what she calls the miscellaneous bucket. That last one, miscellaneous bucket, that includes things like contingencies and rent backs and so forth. I’ve gonna give them free rent back.

Agents 98

Agents Inspection Inspection contingency Pre-approval 98

HomeLight

MAY 24, 2022

Although Quinn says buyers are more likely to forgo home inspections , they are reluctant to purchase houses that need work — especially with the current challenges of finding contractors or building supplies. Ask buyers to rent back if you need more time to find the right property or rent another home until you do.

Pre-approval 98

Pre-approval Equity Agents Closing costs 98

HomeLight

APRIL 21, 2022

Therefore, the fewer contingencies tied to an offer, the more likely the deal will reach closing. Common contingencies include an inspection contingency and an appraisal contingency. One solution might be a rent-back that would financially compensate a patient buyer if the seller needs more time to transition after the sale.

Inspection contingency 107

Inspection contingency Home sale contingency Pre-approval Agents 107

HomeLight

DECEMBER 15, 2022

If the appraisal comes in low , or the home inspection reveals major issues, you might want some wiggle room for negotiations. For many of them, they want a short inspection period, such as three to five days, a quick close, i.e. 30 days, possibly a rent-back option , or for the buyer to waive the inspection or appraisal contingencies.

Inspection 91

Inspection Closing Rent back Agents 91