Remove Agents Remove Earnest money deposit Remove Purchase and sale agreement Remove Rent back
article thumbnail

What Is a Home Sale Contingency?

HomeLight

That means a large majority of homebuyers must consider the sale of their current home prior to buying a new one. Most often, this type of scenario calls for a home sale contingency. We analyze over 27 million transactions and thousands of reviews to determine which agent is best for you based on your needs.

article thumbnail

Everything You Need to Know About Making an Offer: 15 Tips for Homebuyers

HomeLight

Basic overview: You’ll work with your agent to deliver the offer to the seller’s agent on the forms used in your state. The seller will either accept your offer (in which case it becomes your purchase agreement ), or will counter your offer (you can accept or counter again), or the seller could also flatly decline.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Closing on a House Checklist: 6 Things Home Buyers Must Do Before They Move In

Realtor.com

Most purchase agreements have contingencies —things that buyers must do before the real estate transaction is official, explains Jimmy Branham , a Coral Springs, FL, real estate agent at the Keyes Company. If something is wrong, you can request that it be fixed—or you can back out of the sale. Clear the title.

Closing 139
article thumbnail

5 Tips For Winning A Bidding War On A House

Realty Biz

With so few homes for sale, buyers are fighting over each property that hits the market. The call is made to your real estate agent within 30 minutes of seeing the home pop up online and you schedule a showing immediately. Earnest money can be five percent of the purchase price and in some circumstances even more.