HomeLight

JANUARY 12, 2024

If you’ve been shopping for a home, you’ve likely come across the term “loan contingency,” and you may be considering including this clause in your purchase offer. Or perhaps you’ve already made a loan-contingent offer, and you’re wondering about contingency removal. What is a loan contingency?

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Loan contingency Loans Earnest money deposit Inspection contingency 102

HomeLight

JANUARY 31, 2024

These conditions, or contingencies, are agreed upon by the buyer and seller during the negotiation phase. Appraisal contingency: This ensures that the property must be appraised at a value equal to or higher than the sale price. Essentially, the deal can proceed to closing only if these specified conditions are fulfilled.

Purchase and sale agreement 103

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 103

HomeLight

NOVEMBER 29, 2021

If you follow interior design trends, you may want to stage and style your home yourself. Selling solo: Design and print home flyers and a front yard sign letting everyone know. When reviewing an incoming offer, you’ll take into consideration the overall offer terms, such as: the buyer’s ability to qualify for a home loan.

Purchase and sale agreement 86

Purchase and sale agreement MLS Inspection Agents 86

HomeLight

AUGUST 23, 2022

Cash eliminates the lender-ordered appraisal as well as the time it takes to close on the buyer’s loan, creating a faster and clearer path to settlement. Some buyers may even make a cash offer with no loan contingency, but then may end up getting a mortgage. Only about five percent of Lynn’s offers are from cash buyers.

As-is 98

As-is Investor Closing costs Inspection 98