HomeLight

JANUARY 10, 2024

Most purchase agreements are contingent on two key items: home inspection and financing. As a homebuyer, knowing what these contingencies mean for you and the seller can help you make decisions with more confidence and avoid unexpected surprises and pitfalls. Get Started What does contingent mean when buying a home?

Earnest money deposit 107

Earnest money deposit Purchase and sale agreement Inspection contingency Inspection 107

HomeLight

JUNE 9, 2023

A property listed as “contingent” in real estate means the seller has accepted an offer, but the deal isn’t fully closed yet. The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. ” Step one: Talk to a few buyer's agents!

Home sale contingency 142

Home sale contingency Inspection contingency Purchase and sale agreement Inspection 142

Keeping Current Matters

JUNE 21, 2021

A skilled agent will do everything they can to help you stay on top of every possible opportunity. And, as soon as you find the right home for your needs, that agent will help you draft and submit your best offer as quickly as possible. Just remember, there are certain contingencies you don’t want to forego. Bottom Line.

Inspection contingency 268

Inspection contingency Pre-approval Inspection Rent back 268

HomeLight

JANUARY 31, 2024

These conditions, or contingencies, are agreed upon by the buyer and seller during the negotiation phase. Essentially, the deal can proceed to closing only if these specified conditions are fulfilled. Inspection contingency: This gives the buyer the right to have the property inspected within a certain timeframe.

Purchase and sale agreement 102

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 102

Realty Biz

DECEMBER 23, 2022

Last December, 19% of homebuyers waived the home inspection contingency component of their real estate sales contract. Even though most realtors don't recommend not ordering a home inspection, in a tight market, waiving the contingency may improve a buyer's chances of a seller accepting their offer. Foundation.

Inspection 80

Inspection Inspection contingency Pre-approval Closing 80

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. As for whether you can sell a house as is without inspection — the answer is yes, it’s possible and does happen.

Inspection 96

Inspection As-is Inspection contingency Investor 96

Realtor.com

SEPTEMBER 18, 2020

When we finally did go under contract on this third home, we learned of another issue: Home inspectors in the area were booked for two weeks and up, but our contract stated that we had only seven days to get an inspection done. Thankfully, our real estate agent was able to find a local inspector who had a last-minute opening.

Inspection 145

Inspection Earnest money deposit Inspection contingency New Construction 145

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? So, finding an inspector you can trust is vital.

Inspection contingency 93

Inspection contingency Inspection Agents As-is 93

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

HomeLight

DECEMBER 30, 2023

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. Can I make an offer on an ‘under contract’ home?

Home sale contingency 104

Home sale contingency Purchase and sale agreement Inspection contingency Inspection 104

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 102

Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 102

Redfin

DECEMBER 4, 2020

Once you’ve had your offer accepted, the home inspection is one of the final steps to navigate before you can close and move into your new home. And good on you for including an inspection contingency in your offer. And good on you for including an inspection contingency in your offer. So what’s next?

Inspection 76

Inspection Inspection contingency Closing As-is 76

HomeLight

MARCH 31, 2021

The home inspections process is often one of the greatest obstacles to closing a swift sale. According to the National Association of Realtors (NAR), home inspection issues were responsible for 11% of delayed contracts and 9% of contract terminations in 2021. Pre-listing home inspections are just like standard inspections.

Inspection 82

Inspection Inspection contingency FHA loan Sales 82

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 84

Closing Inspection Title Due diligence 84

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

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. Their purchase is contingent on all of these steps in escrow going according to plan.

Closing 104

Closing Backup offer Sales Inspection 104

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 103

Pre-approval Inspection contingency Title Inspection 103

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 98

Short sale Closing costs Closing Sales 98

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 112

Closing Purchase and sale agreement Title search Earnest money deposit 112

HomeLight

MARCH 17, 2021

There’s still a major hurdle to overcome in your homebuying process: the home inspection. And to follow along, you’re going to want a home inspection checklist specific to you as a buyer. A home inspection is much more than a mere formality. Get Your Home Inspection Checklist! What is a home inspection?

Inspection 73

Inspection Purchase and sale agreement Inspection contingency Closing 73

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

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

Realty Biz

APRIL 20, 2022

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. This contingency gives you a way to back out of the deal with your earnest money if the home inspector finds some serious issues. Closing Date.

Purchase and sale agreement 106

Purchase and sale agreement Home sale contingency Earnest money deposit Inspection contingency 106

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

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 77

Closing costs Closing Seller concession Purchase and sale agreement 77

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. Choose a settlement agent. Get an inspection. Find your house.

Inspection contingency 104

Inspection contingency Proof of funds Inspection Title 104

HomeLight

FEBRUARY 14, 2024

From cash offers to working with top real estate agents, we’ll cover the essentials to help you confidently move forward. Receive your offer in as little as 24 hours and close in as few as 10 days. The buyer assesses your property’s condition and market value and then extends an offer.

Inspection contingency 74

Inspection contingency Inspection Property Management Sales 74

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

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. Never underestimate the importance of how your home stacks up to the competition.

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 99

Agents Purchase and sale agreement Inspection MLS 99

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.” It shows that the contract has been agreed upon, but some work still needs to be done before closing.

Purchase and sale agreement 98

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

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

Dwell Real Estate

AUGUST 5, 2021

By: Liane Jamason - Ask a Real Estate Broker: Should I Waive my Home Inspection in a Competitive Market? Finally, we made an offer on one that got accepted – yay We did a short inspection period and did our inspection on day 1 of the contract. I am here to say – please don’t waive your inspection contingency.

Inspection 40

Inspection Inspection contingency Marketing Mortgages 40

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 72

Agents Purchase and sale agreement Inspection contingency Title 72

Dwell Real Estate

AUGUST 5, 2021

By: Liane Jamason - Ask a Real Estate Broker: Should I Waive my Home Inspection in a Competitive Market? We did a short inspection period and did our inspection on day 1 of the contract. Buyer’s waiving appraisal contingencies, waiving inspections, throwing in their first born child…you name it.

Inspection 40

Inspection Inspection contingency Marketing Mortgages 40

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

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. Require a minimal home inspection.

Inspection contingency 88

Inspection contingency Marketing Inspection Rent back 88