HomeLight

FEBRUARY 20, 2025

Youve just found your dream home and are finalizing your offer when your real estate agent calls with concerning news. To sweeten your offer, you may be considering waiving the appraisal contingency, promising not to walk away from the deal if the appraisal comes in below your offer price. What is a contingency?

Inspection contingency

HomeLight

JANUARY 26, 2024

For this reason, most contracts contain an inspection contingency clause. But what happens if the inspection contingency expires? If this contingency period lapses before you’ve finalized your decisions, will you lose your deposit? Get Started How does an inspection contingency work?

Inspection contingency

HomeLight

MARCH 30, 2021

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? Cesi Pagano , a real estate agent with over 30 years of experience in Orange County, California , says, “It’s important that buyers look at every detail.

Due diligence

HomeLight

OCTOBER 30, 2020

All-cash offers are beloved by sellers and real estate agents alike — and they’re more than three times as likely to be chosen from the pack. We talked to two top real estate agents to walk us through what can hold up even an all-cash deal. But is the cash closing process always seamless? Why do sellers love cash so much? Not always!

Closing

Realty Biz

FEBRUARY 20, 2021

The home buying contingencies below should be completely understood before signing on the dotted line of a purchase and sale agreement. Home inspection: often called a due diligence contingency, will give the buyer rights to have the house inspected. Real Estate Contingencies Explained.

Purchase and sale agreement

HomeLight

AUGUST 31, 2021

Jason Bragg , a top-selling agent in North Carolina’s Winston-Salem area, reports that cash offers are especially common in 2021 among buyers who are downsizing. Cash buyers have the option of taking these same steps for appraisals and inspections, but they aren’t required to so to appease a lender.

Due diligence

Point2Homes

DECEMBER 7, 2020

The real estate agent you choose to work with is even more important when buying a foreclosure. Specifically, a real estate agent who is experienced in helping buy foreclosures and who has a good knowledge of the local area will know when a home is a bargain. Getting the Right Help. Getting Pre-Approved.

Debt-to-income ratio

HomeLight

MAY 28, 2021

Ken Crotts , a real estate agent with over 35 years of experience in Seattle , is passionate about helping buyers avoid bad home purchases. In a fast-paced seller’s market, sometimes buyers will forgo an inspection contingency in order to make their offer more attractive to the seller. Follow up with additional inspections.

Inspection contingency

HomeLight

SEPTEMBER 10, 2022

We’ve done the research, read contract language, and talked to a veteran real estate agent to learn what buyers need to know about 72-hour kick-out clauses. Real Estate Agent. Real Estate Agent at RE/MAX Accent. Such contingencies often give the buyers limited time, such as 30, 60, or 90 days to sell their old home.

Purchase and sale agreement

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. How your real estate agent markets your property when an offer has been accepted can have vital implications. For example, some agents will mark your home contingent, while others will mark pending.

Backup offer

Point2Homes

SEPTEMBER 30, 2021

If you haven’t already, try hiring a real estate agent to market your home. Or perhaps it’s just suspiciously difficult to get in touch with them or their agent. When in doubt, never hesitate to enlist the services of a professional, such as a real estate agent or a lawyer.

Pre-approval

HomeLight

OCTOBER 29, 2021

We’ve talked to an experienced real estate agent who’s been through hundreds of closings, reviewed closing documents , and broken the house closing process into 17 steps. A good real estate agent will be with you every step of the way, making sure things are progressing. A typical house closing process follows these steps.

Closing

HomeLight

JULY 26, 2022

But this sign looks different from the real estate agent signs you usually see and it lists the homeowner’s contact information. A “for sale by owner,” or FSBO (pronounced “fizz-bo”) home, is a home that is being sold by its owner who hasn’t hired a listing agent. You’ve found yourself a FSBO home. What is a FSBO home?

Earnest money deposit

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. But you can’t keep quiet about it, and neither can your agent.

As-is

HomeLight

SEPTEMBER 1, 2020

According to top Florida Real Estate agent Troy Walseth , who has 27 years experience under his belt, “You really can’t buy a ‘foreclosure.’ If your offer is accepted, you start the process of inspections, title checks, and negotiations while securing a mortgage loan and signing the papers when it’s all said and done.

Banks

Hank Miller Team

DECEMBER 1, 2021

Buyers were/are so stressed to secure a home that some toss caution to the wind; overpaying, waiving finance contingencies, inspection contingencies and more. There are more buyers waiving due diligence and purchasing homes "as is" than ever before. Several were chatting about offers.

Inspection contingency

HomeLight

JULY 31, 2021

If the whole house has been renovated recently and the seller wants full market value, they’re typically better off working with an agent.”. Lisa Jackson , a seasoned real estate agent in Pittsburgh, Pennsylvania, sees cash buyers gravitate primarily to single-family, starter-type homes priced around the $200,000 range or less.

Earnest money deposit

HomeLight

AUGUST 27, 2021

Mold is everywhere all the time,” says Adam Rutledge , a top real estate agent in Medford, Oregon , who sells homes 68% quicker than the average agent in the area. Do your due diligence with FSBO homes and get a home inspection to identify telltale signs of mold, such as visible mold growth, leaky pipes, water damage, and more.

Inspection

HomeLight

DECEMBER 31, 2020

Real estate agents keep an eye on sales pending properties because there are a number of ways that the deal could fall through and the house could come back on the market. Things that could derail a sale during the sale pending period include: The home inspection. You’re locked into the contract once you sign.

Closing

HomeLight

AUGUST 24, 2022

According to Todd Auslander , who completes 27% more sales than the average Stamford, Connecticut agent, selling a house ‘as is’ in Connecticut is mostly done when the owner inherits the house, lives out of state, or the house is in really bad condition. No but agent write ‘as is’ in the remarks section according to Auslander.

As-is

HomeLight

MARCH 13, 2023

We’ve gathered insights from top real estate agents and investors to create this guide navigating Orlando’s cash home buyer market so you can sell your property in as fast a timeframe as you require. Barrett Spray Real Estate Agent Close Barrett Spray Real Estate Agent at Keller Williams 5.0

Sales

HomeLight

MARCH 16, 2023

“We get a massive amount of investors coming to us looking for us to help them with investment properties, and a lot of them are cash,” says James Krueger , a top-performing real estate agent who sells properties 42% faster than the average Houston agent. HomeLight can connect you with a top-performing agent in your Houston market.

Sales

Redfin

MARCH 15, 2021

Have a great real estate agent and understand your market. First things first, to set your bidding war strategy in motion, you’ll need the help of an experienced real estate agent to guide you through the home selling process and the current housing market. Keep reading to find out.

Inspection

HomeLight

SEPTEMBER 15, 2021

Without further ado, we’ve done the research to round up the key documents needed to sell a house and run them by two top real estate agents and a real estate attorney who’ve seen these forms countless times. Or, hire a top real real estate agent with the know-how to tell you what to do to attract competitive bids ASAP. Please note!

Purchase and sale agreement

HomeLight

FEBRUARY 28, 2021

They’re coming in droves,” says top-rated real estate agent Jay Bentley , a Salt Lake City-based single-family home expert who works with over 73% more single-family homes than the average Salt Lake City agent. Why use a top agent to buy a house in Salt Lake City? The top buyer’s agents in SLC help buyers purchase 1.8

Marketing

HomeLight

MAY 28, 2021

However, it’s vital to do your due diligence before buying a home as-is to protect yourself or you might just end up wasting your investment on a money pit. But, while some as-is homes are in disarray, not all of them are broken beyond repair, says Ed Verdel , a New Jersey real estate agent with over 11 years of experience.

As-is

HomeLight

AUGUST 9, 2022

Down payments are always due at the time of closing,” says Jeremy Larsen , a Dallas -based real estate agent with 13 years of experience. The amount will vary from state to state and builder to builder, so talk to your agent for more insight on this one!). Real Estate Agent. hmlght-agent-quote]. Jeremy Larsen.

Earnest money deposit

HomeLight

OCTOBER 29, 2020

And that’s before buyers even start thinking about steps like making a contingent offer. 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. Home inspections.

Purchase and sale agreement

HomeLight

JULY 29, 2022

“One big thing that could delay closing is if, say, someone goes out two weeks before they close and they buy a car — or they buy all new furniture,” explains Pete Veres , a top-selling agent with 19 years of experience in Albuquerque, New Mexico. Talk to your agent and loan officer about these options. Real Estate Agent.

Closing

Housing Wire

APRIL 23, 2025

PRO TIP One last note on escalation clauses: Some listing agents dont like them or dont understand them. As part of your due diligence, have conversations with the listing agent before submitting an offer and ask how they feel about it. That will make the agent and seller more comfortable accepting a financed offer.

Inspection contingency