HomeLight

SEPTEMBER 30, 2020

If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. That being said, the home purchase process is a lot more complicated and drawn out with a short sale because it all hinges on the oversight and approval of a third party: the mortgage lender. Short sales 101.

Short sale 98

Short sale Closing costs Closing Sales 98

Point2Homes

DECEMBER 8, 2020

A home listed as contingent means the seller has accepted an offer. However, before the sale can go to closing, certain contingencies must be met. These clauses are defined in the sales contract and often have to do with home inspections, mortgage approvals and appraisals. Short Sale.

Purchase and sale agreement 145

Purchase and sale agreement Backup offer Home sale contingency Short sale 145

HomeLight

JULY 31, 2020

In the February 2020 Realtors Confidence Index survey by the National Association of Realtors, 77% of real estate agents responded that contracts closed on time, and 19% reported delays but eventually closed; 4% of contracts were terminated. Repairs identified in the inspection. Short sale. Dodge move. Dodge move.

Closing 112

Closing Purchase and sale agreement Title search Earnest money deposit 112

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.’ You can buy a short sale, or you can buy a bank-owned property — but the foreclosure is just what’s happening in the process.”. Step 1: Find the right agent.

Banks 80

Banks Inspection contingency Inspection FHA loan 80

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 97

As-is Sales Inspection Investor 97

HomeLight

AUGUST 31, 2020

You will also have to expect a drawn-out process and condition issues, and you’ll have to button up your insurance and inspection processes. Consider the personal experience of top-selling Texas-based agent Mary Stewart. With an REO, you can also get the house inspected yourself after committing to buy it. It had snakes.

Banks 94

Banks Inspection Inspection contingency Title 94

HomeLight

JANUARY 13, 2022

You’re getting ready to call your agent to schedule a showing when you notice that the listing says the property is “active contingent.”. What on earth does active contingent mean? If a contingency isn’t met, then buyers can back out of a deal without any repercussions and they can get their earnest money back.

Backup offer 79

Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 79