HomeLight

JULY 31, 2020

Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). The appraisal is lower than the purchase price. Lenders providing mortgage loans require an appraisal to confirm that the actual value of the home is at least equal to the loan amount.

Closing 113

Closing Purchase and sale agreement Title search Earnest money deposit 113

HomeLight

AUGUST 10, 2022

Founded in 2014 , We Buy Houses Hotlanta is a family-owned operation that advertises Creative Real Estate and Short Sale certifications on their website. Certainty: Since the company does a pre-offer walk-through, their offer is firm and comes with few (if any) contingencies. Financing contingency. Title search.

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Purchase and sale agreement Closing costs Closing Inspection 80

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? In this guide, we’ll take the term “active contingent listing” and break down what it means. What does active contingent mean?

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Backup offer Inspection contingency Purchase and sale agreement Home sale contingency 80

HomeLight

OCTOBER 29, 2020

And that’s before buyers even start thinking about steps like making a contingent offer. This means buyers need to come prepared with enticing offers and the capacity to quickly follow through, and nothing can sideline an otherwise stable deal like tricky contingencies. What is a contingent offer? Negotiable contingencies.

Purchase and sale agreement 79

Purchase and sale agreement Pre-approval Earnest money deposit Inspection 79

HomeLight

JULY 29, 2022

When you’re buying a house, the list of what can go wrong at closing includes everything from issues with the mortgage loan and buyer’s credit, insurance snags, appraisal problems, title claims, and events beyond everyone’s control (such as natural disasters, or buyer or seller illness or death). Problem: The appraisal comes in low.

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Closing Purchase and sale agreement Title Home sale contingency 104

HomeLight

MAY 24, 2022

Even though it’s all cash to the sellers at closing, with a cash offer, “you don’t have to go through the appraisal or the bank approval process — it’s cleaner.”. A cash buyer can skip everything related to a mortgage, from the home appraisal to income verification, which saves them a ton of time. Appraisal: 15 minutes to 5 days.

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Purchase and sale agreement Closing Title search Title 106

HomeLight

JULY 31, 2021

turn four walls and a roof into money in the bank, without the need for inconvenient showings, nail-biting appraisals , or a 50-day closing. They look for motivated sellers who want to close quickly and avoid the potential complications of financing or sale contingencies, even if it means accepting a lower offer price,” he explains.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98