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What Does Removing the Loan Contingency Mean for Homebuyers?

HomeLight

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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What Is a Mortgage Contingency? Purchase Offer Protection

HomeLight

Perhaps the biggest gear that needs to turn in your favor is the mortgage loan. 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.

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The Next Evolution of iBuyers: ‘Power Buyers’

RIS Media

zavvie facilitates thousands of agent requests for Power Buyer and iBuyer offers each month. Power Buyers solve this for sellers by helping them buy without a loan contingency before they sell. For agents, the takeaway is that iBuyers are making great offers, and these offers may be the best option for their clients.

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How Long Can a House Be Contingent?

HomeLight

Appraisal contingency: This ensures that the property must be appraised at a value equal to or higher than the sale price. Mortgage or financing contingency: This loan contingency stipulates that the buyer must secure financing from a bank or other financial institution.

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What Do Cash Buyers Look for in Real Estate?

Realty Biz

Property sales often involve several contingencies , but cash buying can eliminate some, making things easier. 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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iBuyers Rebound as Power Buyers Rapidly Expand

RIS Media

It’s time for agents and brokers to stop questioning whether iBuying is good or bad, and start asking if clients could benefit from considering an instant offer as one of several options. And Flyhomes launched a national expansion of “Flyhomes for Agents” by rapidly rolling out in several states. national marketshare.

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A California Conundrum: Selling One Home to Buy Another? It’s Simple With HomeLight Trade-In

HomeLight

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.