HomeLight

JANUARY 12, 2024

If you’ve been shopping for a home, you’ve likely come across the term “loan contingency,” and you may be considering including this clause in your purchase offer. Or perhaps you’ve already made a loan-contingent offer, and you’re wondering about contingency removal. What is a loan contingency?

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HomeLight

DECEMBER 12, 2023

A mortgage contingency protects you in such situations, ensuring that you’re not left holding an empty bag if the financing falls through. 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.

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HomeLight

JANUARY 31, 2024

Contingencies are designed to protect both parties involved, allowing the buyer to back out of the purchase without penalty under specific circumstances, such as issues discovered during a home inspection or difficulties obtaining financing.

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Realty Biz

MARCH 29, 2023

This is someone who wants to buy a property with an all-cash bid, eliminating the need for a mortgage or other financing solution. 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.

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HomeLight

APRIL 25, 2022

When real estate agent Peter Abdelmesseh met his clients, Eric and Samantha Johnson, he knew the couple would need a creative solution to make their move a reality. Any agent who has helped a family sell one home to buy another has watched their clients navigate this scenario. HomeLight Trade-In: A lifesaver for top real estate agents.

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HomeLight

MARCH 23, 2022

In the words of Leslie Peterson , a top agent in San Francisco , California: “It’s just a crazy market right now.”. Real Estate Agent. Real Estate Agent at Leslie Peterson Group | Evolve Real Estate. Once you decide to buy a home, looking into your financing options should be one of the first steps. Choose a top agent.

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HomeLight

AUGUST 31, 2021

The associated contingencies , which come with additional risks for the seller, are where you’ll find most key distinctions between a cash offer and an offer backed by a mortgage loan. The most obvious contingency with an offer that requires financing is, of course, the financing itself. Though you can (and should!)

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