Remove Appraisal contingency Remove Closing costs Remove Equity Remove Marketing

Why Making a High Offer to Beat Out the Competition Can Backfire

RIS Media

Appraisal Problems. The amount a lender will loan you is based on the appraised value of a house. If you agree to a sale price that’s less than the appraised value, you’ll have to pay the difference out of pocket. Higher Overall Cost. Lack of Equity.

How Long Does an Appraisal Take and What to Expect?

Redfin

Some of them, like the home inspection and obtaining the real estate appraisal, can be stressful. So, what should you expect with this next step in the appraisal process? And how long does an appraisal take? What is an appraisal, and why do I need one? Congratulations!

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The Top 9 Contingencies to Consider in Your Offer When Buying a Home

Redfin

Before you do, take time to consider all the potential risks and home-buying contingencies that will help protect you as a buyer. Though you can technically add any contingency you want to an offer, here are the 9 most common homebuying contingencies to consider.

Who Pays for the Appraisal and Why This Key Homebuying Step Is Worth Every Penny

HomeLight

Now it’s all about preparing for your closing. If you’re taking out a mortgage, your lender will arrange something called a home appraisal. But who pays for the appraisal? This guide will help you understand who pays for the home appraisal and why it’s important.

The Pros and Cons of Making an All-Cash Offer on A House

HomeLight

For most people, this means a checking, savings, or money market account. This is important: if your real estate agent puts in an all-cash offer on your behalf, they will not include a financing contingency. Pro #1: Limited contingencies. Pro #3: Quick, streamlined closing.

Your Conclusive Guide to Buying a House with Cash

HomeLight

Competition is heating up in real estate markets across the country as homebuyers struggle to make their offers stand out from the pack. Homes fly off the market in days, not weeks; offers go well over asking price; and bidding wars are increasingly the norm. Quicker, easier closing.