HomeLight

OCTOBER 30, 2020

Selling a house “as is” without inspection is the definition of driving a hard bargain. As for whether you can sell a house as is without inspection — the answer is yes, it’s possible and does happen. And for sellers of distressed homes or inherited property, it can be an appropriate strategy to facilitate a streamlined closing.

Inspection 93

Inspection As-is Inspection contingency Investor 93

HomeLight

JANUARY 31, 2024

Contingent listings can be puzzling and sometimes frustrating — especially when you’re searching for your dream home. In this post, we’ll unpack real estate contingencies, clarify the difference between contingent vs. pending, and explain how long a house might remain labeled as contingent. Why Move Twice?

Purchase and sale agreement 100

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 100

Windemere Selling

JANUARY 19, 2022

The closing process in a real estate transaction finalizes the terms of an agreement between the buyer and seller, leading to the transfer of the property’s title. Before a buyer can hold the keys to their new home, and before a seller can celebrate the sale of their property, closing costs must be paid.

Closing costs 52

Closing costs Closing Purchase and sale agreement Seller concession 52

Realty Biz

MARCH 19, 2021

Typically, the onus has always been on the buyer to pay for the home inspection once their offer has been accepted, but that can lead to a longer wait before closing, and also negotiations over the cost of repairs if any issues with the home are surfaced.

Inspection 137

Inspection Inspection contingency Sales Closing 137

HomeLight

DECEMBER 30, 2023

What buyer contingencies might put a listing back on the market? Find a Top Agent With Experience in Contingency Offers If you need to make an offer on a home with contingencies, you’ll want a top agent by your side who can avoid pitfalls and secure the home you want. Sellers are often wary of this clause.

Home sale contingency 102

Home sale contingency Purchase and sale agreement Inspection contingency Inspection 102

HomeLight

SEPTEMBER 30, 2020

These properties are typically sold as-is, without the option to negotiate repairs, and as the buyer, you’re unlikely to get the seller and their lender to agree to cover your closing costs. If you’re interested in a short sale opportunity, get a better idea of what you’re in for and what closing costs you can get covered.

Short sale 97

Short sale Closing costs Closing Sales 97

HomeLight

OCTOBER 29, 2021

You still have to make it through the house closing process, where inspections , credit problems, or paperwork issues can trip you up. The closing process fills several weeks as you navigate through multiple steps to make it to the closing table. How long does the house closing process take?

Closing 82

Closing Inspection Title Due diligence 82

Norada Real Estate

APRIL 15, 2023

The length of time a house can be under contract can vary, but understanding the contingencies and obligations during this period can help both parties prepare for a successful closing. Purpose of Under Contract The purpose of the under-contract period is to allow both parties to fulfill any contingencies and prepare for closing.

Earnest money deposit 98

Earnest money deposit Inspection contingency Title search Inspection 98

HomeLight

AUGUST 28, 2023

You’re finally under contract on your dream home, and you’re ready to schedule the home inspection. The inspection is an essential piece of the homebuying puzzle, as it gives you an objective view into the condition of your new home. Find Agent What is a home inspector? Find Agent What is a home inspector?

Inspection contingency 92

Inspection contingency Inspection Agents As-is 92

HomeLight

AUGUST 25, 2020

home was on the market for an average of 24 days , with Ellie May estimating an average of 46 days to close on a purchase loan. That’s 70 days — or a little over two months — from listing to closing. Every house, every market, and every individual sale will vary in terms of days on market and closing timelines.

Closing 120

Closing Pre-approval Inspection Days on market 120

HomeLight

JANUARY 3, 2024

Find a Top Agent With Experience in Contingency Offers If you need to make an offer on a home with contingencies, you’ll want a top agent by your side who can avoid pitfalls and secure the home you want. Kaczor , a top-selling agent from Illinois with 30 years of experience. “It

Purchase and sale agreement 100

Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 100

HomeLight

FEBRUARY 26, 2021

I think that’s probably the most important piece of this,” says Kim Tupper , a real estate agent of more than a decade in southeastern Pennsylvania who sells properties more than 69% faster than the average agent in the Lincoln University area. A couch with a red wine stain. An iPad with software issues.

As-is 96

As-is Sales Inspection Investor 96

HomeLight

JULY 31, 2020

Closing on a house seems pretty straightforward. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. While seamless closings are ideal for everyone involved, they almost never happen unless the buyer is paying cash on the home, and even then there can be a roadblock or two.

Closing 110

Closing Purchase and sale agreement Title search Earnest money deposit 110

HomeLight

DECEMBER 31, 2020

Not only will you need to be packing, cleaning, and getting the house ready for your buyer, there’s also a lot of waiting and hoping that all of the moving pieces fall into place and your home sale closes on time, if you make it to closing at all. What does “sale pending” mean? You’re locked into the contract once you sign.

Closing 104

Closing Backup offer Sales Inspection 104

Redfin

AUGUST 4, 2021

Keeping track of the differences between a listing agent, selling agent, seller’s agent, and even buyer’s agent can be a bit challenging, so learning to quickly recognize what these terms refer to in real estate can help you move forward confidently with buying or selling your home. What is a listing agent?

Agents 73

Agents Purchase and sale agreement Inspection contingency Title 73

HomeLight

NOVEMBER 1, 2021

Industry experts estimate that sellers can expect to pay anywhere from 6% to 10% of their home’s purchase price in closing costs when it’s time to sell. To top it off, buyers sometimes ask sellers to pitch in for their closing costs, too — another 2% to 3% of the sales price. Property inspections. Typical seller closing costs.

Closing costs 75

Closing costs Closing Seller concession Purchase and sale agreement 75

HomeLight

SEPTEMBER 30, 2020

That, or you’ve heard horror stories about the seller who attracted a great offer only to get taken to the cleaners over the inspection. With the average buyer negotiating $14,000 in savings from the inspection , your concerns are valid. Under the inspection contingency, the buyer asks you to repair it (even though you listed as is).

As-is 73

As-is Inspection contingency Inspection Investor 73

HomeLight

APRIL 29, 2021

You’ll need to subtract your closing costs to determine how much money you’ll walk away with after the sale. So, what are closing costs in Delaware? In Delaware, sellers typically pay 6% to 10% of the home’s sale price in closing costs. Loan payoff includes the remaining principal and interest owed up until closing.

Closing costs 61

Closing costs Closing Seller concession Homeowner’s association 61

Real Trends

APRIL 11, 2023

Agents, has the fluctuating market made it more difficult to close deals this past year? Closing cost incentives Closing cost incentives can include owner’s and lender’s fees, escrow or settlement fees, transfer taxes and government recording fees. You are certainly not alone. In some areas of the U.S.,

Seller concession 72

Seller concession Closing costs Purchase and sale agreement Inspection contingency 72

Windemere Buying

APRIL 12, 2023

Real Estate Agent You’ll be represented by a buyer’s agent throughout the home buying process. They will be by your side from day one, through closing and beyond. When searching for a real estate agent, ask questions to gain an understanding of their professional expertise as well as their personality.

Pre-approval 104

Pre-approval Inspection contingency Title Inspection 104

Realty Biz

JANUARY 9, 2024

From experience, many potential sellers need the guidance of skilled agents. Working with an experienced real estate agent can significantly ease the selling process. The difference between having a good and lousy real estate agent is monumental. Selling your first home can be an exciting yet overwhelming experience. It matters.

Purchase and sale agreement 96

Purchase and sale agreement Earnest money deposit Title search Title 96

HomeLight

MARCH 23, 2021

You may wonder, what does a real estate agent even do? According to the National Association of Realtors®, 88% of homebuyers purchased their home in 2020 through a real estate agent , and for good reason. Real estate agents are essential advocates through the homebuying process. What is a real estate agent?

Agents 97

Agents Purchase and sale agreement Inspection MLS 97

Realty Biz

APRIL 20, 2022

Let’s look at the most common contingencies in an offer and what they mean to buyers and sellers. Common Contingencies Found in an Offer to Purchase. Home Inspection Contingency. One of the most common terms in an offer is the home inspection contingency clause. Help From the Seller.

Purchase and sale agreement 105

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

RIS Media

MAY 19, 2021

When your real estate agent puts your home in the multiple listing service, it will have an “Active” status. However, this is just the start with many things to do before the status changes to “Closed.” One of the most confusing things for buyers and sellers to understand is what contingent means vs. pending.

Purchase and sale agreement 98

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

HomeLight

SEPTEMBER 9, 2020

The share of all-cash home buyers has declined since 2014 because, “money is cheap right now with low interest rates, so some people who could buy in cash opt to buy with a mortgage,” says Sherry Ludecker , a top-rated real estate agent in Johnson City, Tennessee. Buying a house with cash: The process. Get the cash together. Find your house.

Inspection contingency 102

Inspection contingency Proof of funds Inspection Title 102

Realty Biz

MARCH 13, 2024

Making Competitive Offers Offering above the asking price and waiving contingencies like financing and inspections have become common tactics for winning in bidding wars. Get a comparative market analysis from your real estate agent to determine fair value pricing for the neighborhood. Don’t get emotionally swept up and overpay.

Pre-approval 91

Pre-approval Marketing Inspection Closing costs 91

Realty Biz

SEPTEMBER 2, 2021

Since selling your home can be a lengthy process that involves choosing an agent, estimating costs, preparing your home , setting the price, and finally finding the right buyer, the consequences of a mistake along the way can have wide-ranging implications. . Choosing the Wrong Agent. Most agents’ commission is negotiable.

Inspection contingency 98

Inspection contingency Closing costs Inspection Agents 98

The Close

FEBRUARY 6, 2024

I contacted the listing agent only to learn that all offers were due by 5:00 p.m. Offer Above Asking Price When your buyers are competing with others in a multiple-offer situation, and the listing agent is asking for the “highest and best” offer, it’s a good idea to suggest offering more than the asking price.

Pre-approval 75

Pre-approval Earnest money deposit Inspection Inspection contingency 75

Realty Biz

DECEMBER 5, 2022

One of the most vital phases of buying a house is having it inspected. Home inspections over the last few years were few and far between. The crazy hot seller's market forced many home buyers into forgoing their inspection. Let's look at what you need to know about home inspection negotiations.

Inspection 137

Inspection Earnest money deposit Purchase and sale agreement Inspection contingency 137

Realty Biz

DECEMBER 31, 2020

Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Answer: Hello Bethanny. There is never a crystal ball but contemplating the near-term future is time well spent.

Inspection contingency 112

Inspection contingency Inspection Closing Loans 112

Point2Homes

DECEMBER 23, 2021

An escrow agent will oversee this account, releasing the funds to go toward paying for the home if everything goes according to plan. Most likely, the buyer will then be expected to make an earnest money deposit fairly quickly, which will go into an escrow account until closing. What is an Escrow? Buyers Escrow. Escrow Before You Buy.

Earnest money deposit 111

Earnest money deposit Inspection contingency Inspection Loans 111

Redfin

MARCH 30, 2021

All you want to do is move in, but first, you have a lot to schedule and arrange, and you’re wondering just how long it will take to close on your new home. Closing on a home typically takes 30-60 days, with several steps that need to be taken in order for a swift and smooth closing process. Plan ahead for the big picture.

Closing 75

Closing Purchase and sale agreement Title Inspection 75

Realty Biz

JULY 7, 2021

It’s the preapproval letter that tells the seller that you’re serious about buying their home and highly likely to close the deal. There may be rare local circumstances where this will work but it should only be based on the advice of a trusted real estate agent. The number one tip that you should be following is to be patient.

Inspection contingency 88

Inspection contingency Marketing Inspection Rent back 88

Realty Biz

MARCH 16, 2022

All-cash offers were found to be significantly more successful than other strategies that are commonly used in bidding wars, such as waiving the financing contingency or a pre-inspection. The second-most effective strategy was waiving the financing contingency, though it was a lot less so, as it only improved a buyer’s chances by 31%.

Inspection contingency 86

Inspection contingency Inspection Finance Closing 86

HomeLight

JULY 31, 2020

With the help of Brad Graves , a top real estate agent in San Antonio, Texas , and some recent national home purchase data, we’ll examine the pros and cons of all-cash offers. This is important: if your real estate agent puts in an all-cash offer on your behalf, they will not include a financing contingency.

Purchase and sale agreement 98

Purchase and sale agreement Inspection contingency Proof of funds Finance 98

HomeLight

JANUARY 3, 2023

Sellers who may have been wondering about how to sell a house by owner in Colorado during the hot seller’s market of 2021-2022 may now face stronger headwinds and more discerning buyers, according to top real estate agents surveyed by HomeLight. Real estate attorneys are not considered essential for closing in Colorado.

Purchase and sale agreement 99

Purchase and sale agreement Inspection MLS Inspection contingency 99

HomeLight

JUNE 29, 2021

Your sale is more likely to close and close faster with a cash offer than with an offer that hinges on a mortgage approval. A cash offer won’t always be the best deal,” says Enas Latif , a top real estate agent who sells homes 62% quicker than the average Harris Hill, New York agent. Source: ( Pexels / Pixabay ).

Inspection contingency 57

Inspection contingency Proof of funds Inspection Pre-approval 57