HomeLight

JANUARY 13, 2022

Common contingencies include issues with appraisals, home inspections, or the buyer’s home sale. In other words, the primary deal on an active contingent listing might (maybe) fall through, causing sellers to place their home back on the market — or accept a backup offer. “I Inspection contingencies.

Backup offer 74

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 74

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. Problems with the title. Short sale. How it can delay closing.

Closing 104

Closing Purchase and sale agreement Title search Earnest money deposit 104

HomeLight

JULY 31, 2021

“This gives us a good idea of the condition of the property, so we know where we can provide value in the sale. If the whole house has been renovated recently and the seller wants full market value, they’re typically better off working with an agent.”. Step 2: Research your local cash buyer market. Good bones.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

HomeLight

OCTOBER 29, 2020

Choosing a qualified agent and searching for the perfect home in terms of ideal size, location, price, and condition can already feel like a journey, but making an offer on a property is when the challenge really begins. Negotiable contingencies. As you’d likely imagine, some contingencies are negotiable, while others simply are not.

Purchase and sale agreement 77

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

HomeLight

JULY 29, 2022

So get a contract, then call for a home inspection, and then call the insurance company — those are the calls that you make before you do anything else.”. In a traditional market, buyers won’t want to close until the issue is resolved. These are the properties where there’s a strong possibility there could be a cloud on the title.

Closing 102

Closing Purchase and sale agreement Title Home sale contingency 102