Real Trends

DECEMBER 27, 2022

Before a mortgage is approved, lenders will have a property appraisal. This ensures that the value of the deal is in sync with the sale price. Home sale contingency. I’ve shared the situations that can trigger a home inspection contingency or appraisal contingency. Financing fallout.

Sales 60

Sales Home sale contingency Pre-approval Inspection 60

HomeLight

DECEMBER 8, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

Equity 94

Equity Loans Debt-to-income ratio Home sale contingency 94

HomeLight

JUNE 17, 2022

You don’t have the time or money to do renovations and want to move without extensively updating your home, and are willing to accept less money for it. Buyers who want to take on those projects and like your neighborhood will often appreciate the sweat equity they can invest to get their dream home.

Inspection 104

Inspection Pre-approval Inspection contingency Renovation 104

HomeLight

JANUARY 3, 2023

FSBO sellers in Colorado may consider getting a home inspection prior to listing their home for sale. However, be aware that if you get a pre-listing inspection, you will be required to share relevant findings with buyers and how you did or did not address them. Get a pre-listing appraisal. Step 9: Close the sale.

Purchase and sale agreement 96

Purchase and sale agreement Inspection MLS Inspection contingency 96

Real Trends

FEBRUARY 27, 2023

New build sales reps can be a goldmine , especially in medium-priced and luxury new construction communities. They don’t take resale listings, and they won’t take a home sale contingency. This means they know who has a home to sell before they can close on the new one! 8. ’ 23.

Marketing 94

Marketing MLS Pre-approval Home sale contingency 94

HomeLight

MARCH 21, 2022

House flippers look for specific improvements to boost equity, such as cosmetic updates, mechanical repairs, an addition, or a change to the layout. Doug Van Soest , who owns a house flipping business in Southern California, purchases an average of 40 to 50 homes per year and says he typically aims for at least a 10% return on his investment.

Closing costs 93

Closing costs Home sale contingency Investor Closing 93

HomeLight

MARCH 13, 2023

Insurance companies may not insure homes with aluminum wiring or Federal Pacific Stab-Lok electrical panels due to the greater risk of fire. You are either replumbing the house, rewiring the house, or putting a new roof on the house prior to closing so that a financed buyer can get insurance.

Sales 78

Sales Investor Due diligence Renovation 78