Remove appraisal-contingency
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Do the Due: A Complete Due Diligence Guide and Checklist for Homebuyers

HomeLight

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? That’s why we’ve put together this guide to due diligence for a homebuyer. Free Homebuying Due Diligence Checklist.

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When Can a Buyer Cancel a Home Purchase Agreement?

HomeLight

This comprehensive document details everything from the purchase price, down payment, and financing terms to contingencies, closing dates, and any specific conditions both parties must meet before the sale can be finalized. Signatures: Legally binding signatures from both parties, indicating agreement to the terms.

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The Appraisal is Below Contract Price, Now What?

Hank Miller Team

So what happens if the appraisal is below contract price? Appraisals below contract price will continue to be a challenge in 2022. Consider, appraisals this year will be using data from the already insane market of 2021 and many will still fall below contract.

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The Most Common Home Buying Real Estate Contingencies

Realty Biz

Contingencies in Real Estate Explained. Do you know what a real estate contingency is and how it works? Real Estate contingencies are when some defined action or outcome must occur before a contract becomes legal and binding. Home Buying Contingencies Explained. What Are The Most Common Real Estate Contingencies.

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What to Look Out for when Working with Cash Buyers

CT Homes

Cash, As-Is, no appraisals… easy peasy! The “Non-Contingent” Offer. What exactly is a non-contingent offer? When a buyer submits a “Non-Contingent” offer, they are essentially forfeiting any and all of their privileges to perform due diligence on a property they’re interested in.

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What’s the Deal with Making a Cash Offer on a House?

HomeLight

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. There’s no financing contingency.

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The Duties and Responsibilities of a Buyer's Agent

Realty Biz

Due Diligence and Research Buyer's agents are critical in guiding buyers through due diligence. Coordination between buyers and listing agents involves exchanging essential information such as the offer terms, contingencies, and specific timelines. Based on this information, they will suggest what to offer.

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