HomeLight

DECEMBER 12, 2023

In this guide, we’ll explore the ins and outs of a mortgage contingency, helping you understand how it works and why it may — or may not be — part of your home-buying plan. The most experienced agents know how to safeguard your earnest money and time. Get Started What is a mortgage contingency?

Earnest money deposit 103

Earnest money deposit Mortgages Purchase and sale agreement Finance 103

HomeLight

JANUARY 31, 2024

In real estate, when a house is listed as “ contingent ,” it means the sale of the property is conditional upon certain criteria being met. These conditions, or contingencies, are agreed upon by the buyer and seller during the negotiation phase.

Purchase and sale agreement 104

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 104

Realty Biz

MARCH 29, 2023

For example, there's no need for a loan contingency (mortgage contingency). With a standard purchase, this allows a buyer to back out of a sale if they can't obtain a loan. There's also no need for a home sale contingency, which buyers can use to drop a deal if they don't sell their old home by a specified date.

Home sale contingency 72

Home sale contingency Loan contingency Finance Loans 72

RIS Media

FEBRUARY 17, 2022

According to zavvie, consumers gained a huge advantage when working with a Power Buyer versus using a traditional mortgage with a loan contingency. Flyhomes launched a national expansion as “Flyhomes for Agents,” rolling out in several states. Using a “cash offers” program, homebuyers averaged just 1.1

Seller concession 98

Seller concession Loan contingency Mortgages Loans 98

HomeLight

AUGUST 31, 2021

From a seller’s point of view, if there are two offers that are otherwise identical, and one buyer can pay cash, the cash offer is likely to be viewed as the stronger offer because the buyer 1) definitely has the money, which means that they can 2) close quickly. If sellers get paid at closing either way, why is cash better?

Due diligence 80

Due diligence Inspection Pre-approval Pre-qualification 80

Redfin

SEPTEMBER 2, 2020

But because of the high demand in the current housing market , your real estate agent comes back with the unexpected news that several other homebuyers have also submitted offers on the home. However, with representation from an experienced real estate agent, you can navigate the bidding war process wisely and win the house.

Pre-approval 78

Pre-approval Loan contingency Agents Banks 78

HomeLight

NOVEMBER 29, 2021

For insight on what it takes to sell a home without a Realtor® , we spoke with Texas real estate agent Stephanie Nash. Not only has she sold 100% of her past listings, but the properties sell 46% quicker than the average agent in her area. In some cases, agents arrange for staging on your behalf. Prepare your home for sale.

Purchase and sale agreement 87

Purchase and sale agreement MLS Inspection Agents 87