HomeLight

DECEMBER 15, 2023

Managing the sale of your Austin home while trying to purchase a new one can be difficult. With rising prices in a market where homes are in high demand, timing your sale and purchase can be particularly challenging. But what if there was a better way to transition from your old home to your new one?

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Equity Loans Debt-to-income ratio Home sale contingency 99

HomeLight

DECEMBER 14, 2023

You might think your only choice is to sell your home, move out, and then scramble to find a new one, but there’s an alternative you likely haven’t considered — a bridge loan. A bridge loan is a short-term financing option that allows you to buy a new home before selling your current one.

Equity 103

Equity Loans Debt-to-income ratio Home sale contingency 103

HomeLight

DECEMBER 13, 2023

This can be especially tough as the San Diego market is plagued by notoriously low inventory and high prices. You might think your only choice is to sell your current home, find a temporary place to live, and search for your new house. But there’s an alternative you probably haven’t considered — a bridge loan.

Equity 112

Equity Loans Debt-to-income ratio Home sale contingency 112

HomeLight

NOVEMBER 30, 2023

Selling your home in Missouri and buying a new one often involves a tricky dance of timing and finances. This becomes particularly challenging in a market where homes are scarce, and prices are high. Enter the bridge loan. You can then make a strong offer on your next home with no home sale contingency.

Equity 107

Equity Loans Debt-to-income ratio Home sale contingency 107

HomeLight

NOVEMBER 30, 2023

Buying and selling homes in Maine often involves a tricky balance of timing and funds, especially in a market with low inventory and high prices. As a homeowner, you might feel cornered into selling your current home before you can afford to buy a new one, leading to the hassle of finding temporary housing in the interim.

Equity 104

Equity Loans Debt-to-income ratio Home sale contingency 104

HomeLight

NOVEMBER 29, 2023

Selling your old home while simultaneously buying a new one in Indiana can often feel like a delicate balancing act. In a market where inventory is limited, and prices are high, syncing the timing and finances of both transactions becomes a significant challenge. What is a bridge loan, in simple words?

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Equity Loans Debt-to-income ratio Home sale contingency 107

HomeLight

NOVEMBER 17, 2023

This challenge intensifies in a market with low inventory and high prices, a common scenario for many Illinois homeowners. You might find yourself contemplating the daunting prospect of selling your home, moving to a temporary location, and then hunting for a new house. What is a residential bridge loan?

Equity 100

Equity Loans Debt-to-income ratio Home sale contingency 100

HomeLight

DECEMBER 5, 2023

That’s where a bridge loan in Connecticut can be your saving grace. A bridge loan is your short-term financial bridge, designed to help you purchase that new home while your old one is still on the market. You can then make a strong offer on your next home with no home sale contingency.

Equity 100

Equity Debt-to-income ratio Loans Home sale contingency 100

HomeLight

DECEMBER 4, 2023

Selling your old home while buying a new one in North Carolina often presents a tricky balance of timing and funds. In a market where inventory is low and prices are high, synchronizing the sale of your current home with purchasing a new one adds an extra layer of complexity. What is a bridge loan, in simple words?

Equity 104

Equity Loans Debt-to-income ratio Home sale contingency 104

HomeLight

NOVEMBER 30, 2023

Selling your old home and buying a new one in New Jersey often involves a tricky balance of timing and funds, especially in a market with low inventory and high prices. However, there’s a solution that could help align these moving parts more seamlessly: a bridge loan. What is a bridge loan, in simple words?

Equity 106

Equity Loans Debt-to-income ratio Home sale contingency 106

HomeLight

NOVEMBER 30, 2023

Selling your old home while simultaneously buying a new one in Iowa can often feel like a delicate balancing act. In a market where inventory is limited, and prices are high, syncing the timing and finances of both transactions becomes a significant challenge. What is a bridge loan, in simple words?

Equity 100

Equity Loans Debt-to-income ratio Home sale contingency 100

HomeLight

NOVEMBER 29, 2023

Navigating the real estate market in Hawaii can often feel like a high-stakes balancing act, especially when you’re trying to sell your old home while buying a new one. This challenge becomes even more daunting in a market where inventory is scarce, and prices are soaring. What is a bridge loan, in simple words?

Equity 98

Equity Loans Debt-to-income ratio Home sale contingency 98

HomeLight

NOVEMBER 17, 2023

The balancing act becomes even more intricate when faced with low inventory and high prices in today’s real estate market. You might find yourself in a predicament where it seems the only option is to sell your home, move out, and temporarily relocate while you hunt for your new dream house. What is a bridge loan?

Equity 99

Equity Loans Debt-to-income ratio Home sale contingency 99

HomeLight

NOVEMBER 29, 2023

Selling your old home while buying a new one in Wisconsin can often feel like a delicate balancing act. In a market with limited inventory and high prices, aligning the timing and finances for both transactions becomes a significant challenge. However, a strategic alternative could smoothly bridge this gap: a bridge loan.

Equity 97

Equity Loans Debt-to-income ratio Home sale contingency 97

HomeLight

NOVEMBER 29, 2023

Selling your old home and buying a new one in New York often involves a tricky balance of timing and funds. This balancing act becomes even more challenging in a market with low inventory and high prices. You might think your only option is to sell your current home, find a temporary place to live, and search for your new dream house.

Equity 94

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

HomeLight

NOVEMBER 29, 2023

Balancing the sale of your old home with purchasing a new one in Washington state can be tricky, especially in a market where homes are scarce and prices are high. You might feel cornered into selling first and then facing the hassle of finding a temporary place to stay while you search for your next home.

Equity 99

Equity Loans Debt-to-income ratio Home sale contingency 99

HomeLight

NOVEMBER 29, 2023

Navigating the complexities of selling your old home while purchasing a new one in Michigan can often feel like a high-stakes balancing act. Especially in today’s market, where inventory levels are low, and prices are soaring, aligning the timing and finances of both transactions can be particularly challenging.

Equity 103

Equity Loans Debt-to-income ratio Home sale contingency 103

HomeLight

NOVEMBER 7, 2023

The balance of timing and funds becomes even more precarious when faced with a competitive housing market where inventory is scarce and prices seem to keep climbing. For many, it feels like the only path is to sell, move into a temporary place, and then hunt for a new home — a process that is both costly and stressful.

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Equity Loans Debt-to-income ratio Home sale contingency 105

Housing Wire

FEBRUARY 14, 2024

Also, BBYS products make homeowners competitive bidders because they can submit non-contingent offers that can compete with cash offers, which made up one-third of winning offers in Q4 2023. We don’t charge agents fees or require them to get certified so your loan officers can offer this product to all their agents.

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HomeLight

JUNE 9, 2023

So if you’re buying a house and see a listing that’s contingent, it’s likely going to be fully off the market soon. If you receive a contingent offer as a seller, statistically speaking, that deal is likely to still close. That said, contingencies in a real estate contract do create some uncertainty.

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Home sale contingency Inspection contingency Purchase and sale agreement Inspection 143

HomeLight

DECEMBER 30, 2023

Can you make an offer on a home that’s under contract? What buyer contingencies might put a listing back on the market? What home contingency missteps should you avoid when making an offer? You wonder, what’s the difference between under contract versus pending?

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Home sale contingency Purchase and sale agreement Inspection contingency Inspection 107

HomeLight

JANUARY 19, 2024

You can then make a strong offer on your next home with no home sale contingency. Learn More What is a mortgage contingency? A mortgage contingency is a clause found in most home purchase agreements that safeguards the buyer.

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Earnest money deposit Purchase and sale agreement Mortgages Home sale contingency 102

HomeLight

FEBRUARY 16, 2024

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. The short answer is yes, you can put an offer on a house before selling your current home.

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HomeLight

NOVEMBER 29, 2021

For example, it’s not unheard-of for a buyer to have a home sale contingency in place when they already own a home and are looking to buy a new one. The terms would typically state that for them to buy the new home, they have to first sell the old one. However, a buyer can also be protected by contingencies.

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Purchase and sale agreement Home sale contingency Inspection contingency Earnest money deposit 98

The Close

SEPTEMBER 10, 2020

A strong seller’s market is a lot like dealing with the craziness of this pandemic. Hating to lose more than I wanted to win, I came up with these seven creative strategies to make any offer stand out in a seller’s market. Working closely with a lender should be mandatory before showing any homes. My client had a home to sell.

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Home sale contingency Pre-approval Earnest money deposit Marketing 113

Point2Homes

DECEMBER 8, 2020

Therefore, if you find a property that you really want to purchase but has been marked as “contingent,” it could be well worth your time to have your real estate agent check into where things are in the transaction. How is Contingent Different from Pending? Notably, short sales don’t have the best completion percentage.

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Purchase and sale agreement Backup offer Home sale contingency Short sale 145

HomeLight

MARCH 20, 2023

Most often, this type of scenario calls for a home sale contingency. With the help of real estate agent Jesse Allen , a single-family home expert in southern Indiana , we’ll help to explain the ins and outs of home sale contingencies, and offer additional alternatives for buyers who currently own a home.

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Home sale contingency Purchase and sale agreement Sales Earnest money deposit 96

Realty Biz

NOVEMBER 11, 2020

Let’s take a closer look at the meaning of contingent , so you can see how it might affect a home you are looking to buy. If you are selling a home, there are also some ramifications you should know about as well. How your real estate agent markets your property when an offer has been accepted can have vital implications.

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Backup offer Sales Home sale contingency Earnest money deposit 110

Realty Biz

AUGUST 22, 2022

That’s probably why the price was a little below the market average. Yeah, I’ve been studying the market for a while and knew what houses were selling for. In my eagerness to buy my first home, I made a full-price offer with the only continency being that my mortgage was approved. I didn’t even include an inspection contingency.

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Purchase and sale agreement Earnest money deposit Pre-approval Home sale contingency 96

HomeLight

DECEMBER 29, 2023

As a homebuyer entering a competitive real estate market, it’s likely you’ll encounter the term “non-contingent offer.” But what exactly does this mean if you’re buying a home? This type of offer can be a game-changer in a seller’s market — or any market if you’ve found the perfect house.

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Inspection contingency Home sale contingency Inspection Residential 93

Realty Biz

MARCH 29, 2023

The global real estate market reached a size of $3.69 There are various selling options, and one of those is to sell your home to a cash buyer. Property sales often involve several contingencies , but cash buying can eliminate some, making things easier. trillion in 2021.

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Realty Biz

APRIL 20, 2022

So if you are only able to get a home loan at 5.25%, you can walk away from the deal with your earnest money deposit. Most standard financing contingency language, however, will include the amount your financing and when you need to get your commitment. Home Sale Contingency.

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Purchase and sale agreement Home sale contingency Earnest money deposit Inspection contingency 105

Real Trends

DECEMBER 27, 2022

Low appraisals are common during a “seller’s market,” which often occurs when housing demand is greater than housing supply. Home sale contingency. I’ve shared the situations that can trigger a home inspection contingency or appraisal contingency. You should also be aware of home sale contingency.

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Sales Home sale contingency Pre-approval Inspection 60

HomeLight

MARCH 18, 2022

But with housing inventories so low these last few years, the competition among buyers has been fierce in many markets — perhaps making the process seem even more daunting. Here are the four primary options available to you when it comes time to buy a house that is contingent on selling yours. ?. What is a home sale contingency?

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HomeLight

JUNE 16, 2023

Editor’s note: Processes, rates, and services from real estate companies can change based on market conditions, housing trends, changes in technology, and customer needs. In many instances, a homeowner needs to use equity from their existing home to buy their next residence. Flyhomes does not yet serve all markets in the U.S.

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Home sale contingency Staging Loans Closing 91

Windemere Buying

AUGUST 31, 2022

In a seller’s market , competition amongst buyers is high. Escalation clauses, bidding wars , and all-cash offers become commonplace as potential home buyers compete for a limited number of listings. To sweeten their offers in such market conditions, buyers will typically waive their contingencies. Home Sale Contingency.

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Windemere Selling

MARCH 14, 2022

This is why many sellers find a pre-listing inspection to be beneficial: it provides transparency about the home’s condition ahead of time and can help to streamline the buying process, which can be especially helpful when selling in competitive markets.

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