Remove appraisal-contingency
article thumbnail

9 Warning Signs When Selling Your Home

Point2Homes

Restrictive Contingency Clauses. Real estate transactions often feature contingency clauses that allow both parties to back out of the sale under the circumstances stipulated in the contract. One common type you’ll encounter is a sale and settlement contingency. The Buyer Is Not Pre-approved for a Loan.

article thumbnail

Buyers Paying Over Asking Price? Get an Appraisal Gap Guarantee

HomeLight

If you’re selling your home in a hot market rampant with bidding wars that drive up the purchase offers on home sales, you may realize that your home is unlikely to appraise for the inflated purchase offer or even for your asking price. How is the appraised value of the home determined? What is an appraisal gap?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Tempted by a Cash Offer for Your Home? Dissect It With This Guide

HomeLight

Your sale is more likely to close and close faster with a cash offer than with an offer that hinges on a mortgage approval. Review the terms of the deal for contingencies. Cash offers typically come with fewer contingencies than conventional offers. Still, an all-cash bidder may include some contingencies in their offer.

article thumbnail

What’s Required to Sell a House Without a Realtor?

HomeLight

Many FSBO sellers will purchase a pre-listing appraisal. A professional appraisal will help determine the listing price based on fair market value. The buyer’s lender will probably require their own appraisal as part of their loan approval process. Pre-inspection. Mortgage statement with payoff amount.

article thumbnail

Wait! Read This Before You Sell Your House for Cash

HomeLight

Ask for proof of funds: You should always obtain documentation that a person or company is who they say they are and actually has the funds and abilities to complete a transaction of this size. Ask for proof of funds and EMD. You’d rather not deal with the risk of a low appraisal. Request Cash Offer.

article thumbnail

What Does the Process of Selling a House for Cash Look Like?

HomeLight

A ‘cash offer’ simply means the offer does not include a financing contingency — in other words, it’s not dependent on the buyer being able to secure a loan.”. While the use of all-cash eliminates the need for a lender-ordered appraisal, some buyers may still request to have the house appraised before closing.

Title 101
article thumbnail

Find Cash Home Buyers in Orlando for a Fast, Simple Sale

HomeLight

More certainty: With a pre-offer walk-through, a cash home buyer can generally provide a firm cash offer that comes with few contingencies, or no contingencies at all. You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises.

Sales 83